The World Economic Forum (WEF) has found 65 different applications for blockchain technology to tackle the world’s environmental challenges, CoinDesk reported. To that end, the study looked at ways for platforms to “incubate responsible blockchain ecosystems.” Networks could help manage natural resources, make more sustainable...
Samsung has revealed that South Korea’s customs authority has agreed to use the company’s Nexledger blockchain tech for its decentralized customs clearance system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
This year’s “Great Crypto Crash” appears to be deepening and has hit a major milestone set by the dot-com bubble, Bloomberg reported. Digital currencies have tumbled from a January high by 80 percent, according to the MVIS CryptoCompare Digital Assets 10 Index. That level tops...
High-profile digital currency firms are reportedly banding together to create a lobbying organization called the Blockchain Association, The Washington Post reported. The group’s first focus is said to be on U.S. tax law treatment of digital currencies, along with explaining the application of know your...
Blockchain payment network GRAFT has reached a “critical milestone”: the group said that it has received an end-to-end transaction that took under 2 seconds on its network, according to a statement. The system seeks to serve as a “last mile” bridge to link crypto users...
New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved by the state’s regulator. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Crypto payments startup Wyre has acquired Hedgy, a venture-backed bitcoin smart contract development firm. 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 newsletter, PYMNTS...
The U.S. Securities and Exchange Commission (SEC) announced that it has suspended trading in two investment products that track cryptocurrencies because there is confusion as to whether they are exchange-traded funds (ETFs). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The justice department in Zhongshan, a city in China, is turning to blockchain to keep tabs on parolees, CoinDesk reported. The system was created to constantly track the movements of the parolees. With the technology, law enforcement agencies and community correction staff can take action...
