Blockchain News
Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End
The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain. The central bank now plans to deploy the platform by the end of 2020...
Sberbank Buys 5,000 Blockchain ATMs as Russia Ponders Criminalizing Crypto Use
Sberbank, Russia’s largest bank, is buying more contactless ATMs that are powered by blockchain, according to local news agency Izvestia. Interestingly, the move comes amid a...
Ripple-Backed Forte Adds 5 More Gaming Partners
Ripple partner Forte announced that it had teamed up with five game developers to leverage its blockchain platform for mobile and PC games. Forte Partners with Makers of Power Rangers...
Rhode Island Introduces ‘Economic Growth Blockchain Act’
The state of Rhode Island introduced a bill, March 11, to establish an ‘economic growth blockchain act’. The aim of the bill is to create a blockchain-friendly business...
Is the Bitcoin Network Becoming Unsustainable?
The electricity used to power the Bitcoin network is enough to power the Czech Republic more than once over. New figures by a PwC researcher have shown that the Bitcoin network uses...
FinCEN Rehires Chainalysis Exec to ‘Confront Emerging Threats’
Chainalysis chief technical counsel Michael Mosier will return to the Financial Crimes Enforcement Network in a new role as Deputy Director and Digital Innovation Officer. According to...
Russia’s Richest Man is Launching His Own Crypto Token
Billionaire Vladimir Potanin has received approval from the Russian central bank to launch his own blockchain-based platform and token to be used by consumers, Bloomberg reports...
JPMorgan: Blockchain Is Laying the Bedrock for Digital Money
JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector. In the 74-page report, JPMorgan described several projects...
IMF Advises Eastern Caribbean States to Trial Digital Currency
IMF suggested that a digital currency underpinned by blockchain would boost the resources and capacity of the Eastern Caribbean Currency Union (ECCU), a region that comprises St Kitts...
Bank of Korea Sees No Reason for Central Bank Digital Currency
Bank of Korea sees no need to generate a Central Bank Digital Currency (CBDC), an official shared the regulator’s position. Despite the overwhelming presence of cryptocurrency...
Central Bank Crypto Still 10 Years Away, Says Former ECB Vice President
Former Banque de France governor, Christian Noyer, suggested that a consumer-focused central bank digital currency (CBDC) could still be 10 years away, despite current interest from...
ConsenSys to Cut 14% of Jobs Amid Major Restructuring
New York-based ConsenSys, one of the leading blockchain developers, announced a major restructuring that will cut about 14% of its workers. Product Teams Will Not Be Affected ConsenSys...