Hong Kong Government to Establish Blockchain-Based Trade Financing System

Hong Kong Government to Establish Blockchain-Based Trade Financing System The government of Hong Kong is planning to create a Blockchain technology-based trade financing system. The system is expected to benefit the country in its participation in China’s Belt and Road Initiative. In its comment at a forum on Nov. 10, 2017, Hong Kong’s Secretary for Financial Services and the Treasury,…

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Mastercard Seeks Patent for Instant Blockchain Payments Processing

Mastercard Seeks Patent for Instant Blockchain Payments Processing New patent filings from Mastercard show how the credit card giant is looking at blockchain as a possible means for easing payment settlement times. In a patent application released last week by the U.S. Patent and Trademark Office, the company describes a blockchain-based database capable of instantaneously processing payments,…

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6 Trillion Dollar Man Says “Tiny” Bitcoin Succeeds Due to Being “Anonymous” and “Cross-Border”

6 Trillion Dollar Man Says “Tiny” Bitcoin Succeeds Due to Being “Anonymous” and “Cross-Border” After almost endorsing cryptocurrencies, Blackrock Inc’s Chief described to Reutershow the world’s most popular cryptocurrency “is tiny in the scheme of financial markets. There’s too much focus on bitcoin,” he lamented. “I don’t know why it has so much fascination for the press,”…

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Chinese Power Provider Denies Bitcoin Mining Ban Rumors

Chinese Power Provider Denies Bitcoin Mining Ban Rumors A state-owned electric utility in China is rebuffing rumors that bitcoin mining has been deemed illegal by the government. Rumors spread in the past day – based on a circulated document – indicating that the country’s State Grid was moving to ban bitcoin mining at a county…

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Bitcoin Mempool Grows as Miners Switch Over to Bitcoin Cash

Bitcoin Mempool Grows as Miners Switch Over to Bitcoin Cash The Bitcoin network has dealt with congestion before on multiple occasions. In every single case, the network seems to suffer from major backlogs when it comes to processing transactions. Previous mempool issues have often been the result of spam attacks, but things are very different right now.…

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The need for universal opt-in replay protection

The need for universal opt-in replay protection SegWit2x got canceled, and with it probably the most heated “battle” in the Bitcoin space thus far draws to a close. There are many lessons to be learned from this ordeal as well as some other forks that are happening around Bitcoin – what constitutes “consensus” in the community, how will the future…

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Bitcoin Price Watch; A Return To The Upside?

Bitcoin Price Watch; A Return To The Upside? So it is now Tuesday morning and we are about to kickoff the session out of Europe for another day’s worth of bitcoin price trading. Things have been pretty volatile over the last few days and, subsequent to the cancellation of the hard fork, sentiment has struggled…

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