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Russian State Pension Fund To Use Blockchain For Employment Contracts

Russian State Pension Fund to Use Blockchain for Employment Contracts

The Russian state pension fund (PFR), the country’s largest social service, has recently suggested implementing blockchain technology in labor relations, local news outlet Izvestiya reports Wednesday, August 29, citing the organization’s press center. The fund plans to introduce smart contracts to be used as employment contracts between employers and employees. Such agreements could be made…
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Can Insurance Coverage For Crypto Assets Attract More Institutional Investors?

Can insurance coverage for crypto assets attract more institutional investors?

Cryptocurrencies are now moving from the fringes of the global financial system to the mainstream. No one wants to miss out of the crypto money, and each day more people are added to the number of investors. However, the number of institutional investors joining the ranks has not been high. The fact that digital currencies…
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Fifth Largest Crypto Exchange Bithumb To Reopen Account Registrations, Media Report

Fifth Largest Crypto Exchange Bithumb to Reopen Account Registrations, Media Report

Bithumb, one of the largest South Korean cryptocurrency exchanges, will open up account registrations after a month-long freeze, local media outlet Yonhap News reports Wednesday, August 29. According to a spokesperson from banking partner Nonghyup Bank, Bithumb will meet specific requirements as dictated by South Korean law in return for regaining banking support. Nonghyup had…
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Binance Backs $32 Million Funding For Unicorn Founder’s Crypto Stablecoin

Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin

Yet another stablecoin is attracting big investors. Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a $32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat…
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Crypto Collectibles Site Plans To Invite Developers To Create New Games, Polls And Content

Crypto Collectibles Site Plans to Invite Developers to Create New Games, Polls and Content

A blockchain-based platform where crypto enthusiasts can own digital collectibles inspired by public figures is planning to open up its ecosystem to developers — in the hope that new games and competitions will be added to its burgeoning marketplace. MyCryptons launched in May 2018. The company has been developing its social media presence, and more…
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Chinese County Establishes Blockchain Company To Develop Forestry Industry

Chinese County Establishes Blockchain Company to Develop Forestry Industry

A county in China’s northern Sichuan province has signed a strategic cooperation contract to establish a new blockchain company in an effort to develop the forestry industry, local news outlet China Net reported August 24. The Beichuan Qiang Autonomous County of Sichuan Province and Beijing Sinfotek Group have jointly established a new company, Hangzhou Yi…
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Has Bitcoin Scaled? Is Bitcoin Ready For The Next Bubble?

Has Bitcoin Scaled? Is Bitcoin ready for the next bubble?

Although the 2018 crypto bear market seems to be fraught with bad news, there have been some less obvious benefits. As it turns out, the decline in Bitcoin prices has been increasingly beneficial to the development and functionality of the Bitcoin network. During the peak of the crypto bubble (around November and December 2017) the Bitcoin…
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