Bitcoin trades have plummeted in China amid the crackdown of the country’s central bank, The Next Web reported. While renminbi-to-bitcoin currency trades comprised more than 90 percent of global bitcoin trades in December, the trades involving the Chinese currency now only make up 1 percent...
We’ve come a long way, Mr. Edison. Since the early days of cinema, the moving image has captured the imagination of, well, everyone. In some ways, the formula hasn’t changed much, but the means of distribution have. We’ve moved from literal celluloid to digital, where...
After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. Get the Full...
Venezuela’s Petro cryptocurrency will be used to fund housing in the country, The Next Web (TNW) reported. According to reports, more than 30 businesses are working toward efforts to construct the housing. That work is reportedly funded by the equivalent of $750,000 in the bolivar currency...
Thailand has launched regulations on digital tokens, and those rules will take effect on July 16. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
The top court in India is keeping in place a ban that prevents banks, financial institutions and other regulated entities from providing services related to cryptocurrencies, Bloomberg reported. Chief Justice Dipak Misra led a bench that said the Reserve Bank of India’s directive will still...
Race car driver Fernando Alonso of Formula One fame is turning to the blockchain to protect the rights to his visual media, CoinDesk reported. WENN Digital Inc., which partnered with Kodak in creating the KODAKCoin blockchain system, inked a deal with the champion for his...
As many U.S. states are trying to figure out how to utilize blockchain, one state wants to be at the forefront of the cryptocurrency revolution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Through a four-day test of a know-your-customer (KYC) compliance system, a group of 39 participants were able to make 300 transactions in 19 countries with an app from Synechron built on R3’s Corda blockchain platform. The experiment’s participants included banks such as BNP Paribas and...
