How to use blockchain and smart contracts in procurement

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, is confident that central bank digital currencies are inevitable.As Reuters reported on Oct. 2, Harker expressed the idea that central banks — including the Federal Reserve — will inevitably release digital currencies. Still, Harker believes that the United States should not lead the way, given the…

Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht.Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways. Satang’s fiat processing…

Quantum computing has raised concerns about the future of cryptocurrency and blockchain technology in recent years. For example, it is commonly assumed that very sophisticated quantum computers will one day be able to crack present-day encryption, making security a serious concern for users in the blockchain space.The SHA-256 cryptographic protocol used for Bitcoin network security…

The United States Federal Reserve Open Market Committee’s September decision on interest rates was entirely expected, with the FOMC holding rates at the current level of 5.25% to 5.5%. As also expected, the committee indicated there may be another rate hike coming this year, with Chairman Jerome Powell insisting — as usual — in his

The platform was the victim of a phishing scam that routed users to a website that drained their wallets after they approved a transaction. 140 Total views 2 Total shares Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express

Following a successful Bitcoin ATM pilot by Europe’s largest electronics retailer, 12 new Bitcoin ATMs are coming to Austria’s MediaMarkt stores. 205 Total views 16 Total shares Austrians have “sufficient funds” for more Bitcoin ATMs — hat’s the verdict that MediaMarkt, a German electronics retailer, reached following a successful Bitcoin ATM pilot in Austria. MediaMarkt will…

The outlook is grim for the Canadian messaging app as it loses $5 million over its ICO for Kin tokens. 650 Total views 13 Total shares On Wednesday, the U.S. Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive.The Canadian messenger app fell afoul of the U.S. regulator for failing to…

On Sept. 20, the United States Securities and Exchange Commission (SEC) requested more comments on its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF) created by New York-based firms VanEck and SolidX. Consequently, the regulator’s decision was postponed yet again.Here’s why the VanEck/SolidX ETF has a greater chance than the…

Major European financial institutions are jointly launching a blockchain-based platform for the investment fund industry.The system was initially incubated by the Luxembourg Stock Exchange and its affiliate Fundsquare, which, alongside Clearstream, Credit Suisse Asset Management and Natixis Investment Managers, have announced a Series A investment round for “FundsDLT.”FundsDLT for cost reductionAccording to a March 17…