Dubai Customs launches blockchain platform amid smart city effort
Dubai Customs hopes the blockchain solution will facilitate tamper-proof data sharing, save time and effort and reduce voluminous paperwork for local supply chains.
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Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. There are a lot of narratives to keep an eye on as China enjoyed a relatively quiet week on the regulatory front and markets…
Bitcoin price crash isn’t over, says JPMorgan strategist
JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000. 772 Total views 1 Total shares Following the worst May for Bitcoin (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts.Weakened institutional demand…
Can cryptocurrencies be frozen on a blockchain?
Frozen funds in crypto, explained Frozen funds typically mean access to such funds has been restricted or temporarily halted.Several factors, such as technological errors, security precautions, disagreements, investigations and regulatory compliance, can lead to such circumstances. So, can a crypto exchange freeze your account?If exchanges or financial institutions suspect fraudulent activity or money laundering related
Bitcoin Core Upgrade ‘Critical’ for Everyone, Urge Developers in Bug Disclosure
Bitcoin Core developers published a “full disclosure” of the vulnerability affecting several implementations of the Bitcoin (BTC) client Friday, September 21, repeating calls for all nodes to upgrade to the latest version as a priority.In addition to technical details about the bug, known as CVE-2018-17144, the disclosure explains how developers dealt with the threat to…
Sam Bankman-Fried’s lawyers appeal decision on bail, citing First Amendment issues
Lawyers questioned a judge's decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was "protected First Amendment activity". Lawyers representing Sam Bankman-Fried, or SBF, have filed an appeal claiming the former FTX CEO’s bail was revoked “in retaliation for him exercising his First Amendment rights” and not witness…
SEC inquiry regarding Robinhood’s crypto business reportedly delays IPO
Robinhood had initially hoped to begin its public offering after American investors returned from the July 4 holidays. 324 Total views 3 Total shares Major cryptocurrency and stock trading app Robinhood is reportedly struggling to move forward with its initial public offering due to an ongoing review from securities regulators.According to a Thursday report by…
Russian Oligarch Turns Soviet Plant Into a Major Bitcoin Mining Hub
The largest data center in the former Soviet Union, BitRiver, opened about a year ago in the Siberian city of Bratsk and most of its clients use the facility to mine Bitcoin (BTC), Bloomberg reported on Nov. 24.The data center allows cryptocurrency miners to take advantage of cheap energy in what once used to be…
Former Binance CEO 'CZ' owns 64% of BNB circulating supply — Report
Forbes estimates Zhao's net worth at a staggering $61 billion—ranking the former CEO as the world's 24th richest person.