Italian banks successfully test data reconciliation via blockchain

bank blockchain Italy

The Italian Banking Association (ABI) successfully processed the reconciliation data of an entire year of local banking activity on a blockchain platform. The association announced the successful test of the Spunta Project’s system in a press release published on Oct. 12. The successful test of the framework has been first announced by Italian media at the end of September though with little details. Platform viability has been demonstrated Now ABI reveals that the test has seen 200 million data entries being processed by the blockchain banking reconciliation system, effectively simulating…

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BMW, General Motors, Ford to start testing blockchain payments in cars

Ford Mustang

Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States. Automakers envision self-paying cars, digital IDs Nikkei Asian Review reported on Oct. 14 that the partnership aims to test the vehicle ID system developed under the Mobility Open Blockchain Initiative. As part of the project, cars are assigned digital IDs linked to ownership, service history and a wallet allowing the vehicle to automatically pay fees without specialized hardware. The alliance reportedly envisions…

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Tether becomes most used cryptocurrency in world

Tether becomes most used cryptocurrency

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70 percent of all the digital-asset world’s market value, you’re probably wrong. While concrete figures on trading volumes are hard to come by in this often murky corner of finance, data from CoinMarketCap.com shows that the token with the highest daily and monthly trading volume is Tether, whose market capitalization is more than 30 times smaller. Tether’s volume surpassed that of Bitcoin’s for the first time in April and has consistently exceeded it since…

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5200 tobacco shops in France now selling Bitcoin

Keplerk

French crypto startup Keplerk has relaunched its service to accept Bitcoin (BTC) payments in over 5,200 tobacco shops in France starting from Oct. 10. Service first launched in January After suspending the service in less than two months after launch in January, Keplerk says that its customers will be able to buy Bitcoin from tobacconists in coupons of 50, 100 or 250 euros, France’s top news channel BFM TV reports Oct. 10. According to the report, Bitcoin payments in all 5,200 locations will be feasible through Keplerk’s partner Bimedia, which…

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Over 1000 coins dead in 8 years

1000 coins dead in 8 years

A recent study has revealed how the crypto ecosystem is becoming free from a collection of coins affiliated with projects with little or no business proposition, market traction, and ready products, more commonly known as “shitcoins”. According to the study, more than 1000 cryptocurrencies are now dead! There Are Top Coins, Shitcoins And Dead Coins According to a recent report, an average of 1000 cryptocurrencies has become extinct within the crypto ecosystem in 8 years. The publication featured reports from at least 3 other coin rating websites which make use…

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Australian startup to offer 20% payback on fuel purchases in tokens

fuel token

Australian startup Incent plans to offer a 20% payback in its INCNT token on fuel purchases at United Petrol stations for a limited time. Incent announced in a press release published on Sept. 26 that participants will have to sign up on its platform and sync their bank accounts in order to receive the tokens. The firm also claims that the crypto asset in question is “Australia’s first cryptocurrency for all purchases at United Petrol stations.” A substitute for point-based loyalty programs United Petrol reportedly owns over 450 stations across…

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Penalty for mining BTC on nuclear research center supercomputer

nuclear mining

An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC). Convicted to pay $7,000 fine According to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by using a petaflop-capable supercomputer at his workplace, the All-Russian Scientific Research Institute in Sarov, Russia. Sarov, about 230 miles east of Moscow is a closed town as it is the Russian center for nuclear weapons research. The court delivered…

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BitHarp released high performance cryptocurrency mining rigs

Harp Miner

A distinguished manufacturer of cryptocurrencies, BitHarp Group Limited www.BitHarp.com is delighted to announce the launch of two new high-performance liquid mining rigs capable of delivering excellent usage capabilities and unprecedented profit making potential. With high hash rate and low power consumption, the two rigs named Lyre Miner and Harp Miner are designed to provide ROI within just one month. A powerful and compact mining rig, Lyre Miner can fit in a limited space and offers useful features such as a touch screen interface for easy operation and monitoring. On the…

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Telegram finally releases code for its $1.7 billion TON blockchain

TON blockchain

Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer. The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons. According to Mitja Goroshevsky, CTO of…

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Binance funds 40 developers to build open-source crypto software

Binance X

Malta-based crypto exchange Binance wants to spur greater research in open-source blockchain development. To that end, the exchange unveiled Binance X on Thursday, announcing that it was funding more than 40 developers conducting research into open-source crypto software. Binance X also hopes to facilitate collaboration in the Binance ecosystem by providing resources to projects in various stages of development and tap blockchain “evangelists” to foster education around the space. For promising developers, Binance X offers a fellowship program focused on research and development of open-source blockchain software. More than 40…

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94,505 bitcoin transaction

billion bitcoin transaction

A massive 94,505 bitcoin transaction made crypto headlines as investors and investigators speculated from whence the BTC came. The wallet, first accessed late on September 5, 2019, has been involved in only seven transactions including the massive whale move. Other moves include a $6,644 deposit early on September 6 and a deposit of $6.66 a few hours later. Blockchain analysis firm TokenAnalyst noticed that many of the transactions came from Huobi wallets. “Our team is looking into the validity of the claim,” said a Huobi spokesperson. Not surprisingly the move…

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Dapp data site DappRadar raises $2.33 million from Naspers

DappRadar

Led by Naspers, Blockchain.com Ventures, and Angel Invest Berlin, dapp data analysis and discovery tool DappRadar announced yesterday the closing of a $2.33 million seeding round. The company said it will use the funds for R&D and to add new services to its site. DappRadar tracks some 2,500 dapp projects on multiple blockchains such as ethereum, EOS, tron, and the loom network. DappRadar’s Ian Kane said the company attracted high profile investments due to its listing criteria and user count. “Unlike some of our competitors, we have a public, robust…

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Bitcoin has been profitable for 98.66% of its history

Bitcoin profits

Bitcoin holders have made easier profits than traders who buy and sell it consecutively, according to data provided by Rhythm Trader. The prominent cryptocurrency analyst found that bitcoin has been profitable for 3,817 days out of 3,869 days of its existence. That makes 98.66 percent of its history. He added that the only people who lost money in the bitcoin market are the ones who exited during downtrends. On the other hand, the ones who kept holding the cryptocurrency regardless of bias pressure, made the maximum profits. The revelation came…

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IBM launches blockchain for supplier networks

IBM blockchain

IBM and Chainyard have launched a blockchain network, Trust Your Supplier, designed to improve supplier qualification, validation, on-boarding and life cycle information management. Founding participants are: Anheuser-Busch InBev, Cisco, GlaxoSmithKline, Lenovo, Nokia, Schneider Electric and Vodafone. The aim is to eliminate manual processes, which make it difficult to verify identities and track documents like ISO certifications, bank account information, tax certifications, and certificates of insurance throughout the lifecycle of a supplier. Instead, Trust Your Supplier, uses a decentralised approach and an immutable audit trail built on blockchain, to eliminate manual…

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IBM Files Patent for a Blockchain-Based Web Browser

IBM blockchain browser

A new patent application from IBM describes a blockchain-based web browser. Published on August 6 by the United States Patent and Trademark Office, IBM’s patent is for a web browser backed by a peer-to-peer network. The browser collects pre-specified information from web browsing sessions, according to the patent. The information is then transferred to a network of peer-to-peer nodes for collection and storage. Information collection depends on the type of browsing experience chosen. Browsing on a work computer versus a personal browser would demand different settings, for example. Types of…

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