Blockchain Can Solve Electric Vehicle Charging System

University of Waterloo, Canada has recently published an article about research conducted on blockchain technology. The research team has used blockchain to improve trust in electric vehicle (EV) charging systems. The research can expand the charging infrastructure for electric vehicles. An EV charging service provider would look for property owners …

Samsung Adds Bitcoin Support to its Blockchain Phones

Samsung phone users can now use Bitcoin (BTC) integrated features on the mobiles. The company has enabled BTC features on its blockchain-enabled smartphones. In March 2019, Samsung launched Galaxy s10 smartphones with a “Blockchain Keystore”. The phone offers crypto storage and transactions for Ethereum (ETH) and ERC-20 related tokens. The …

UK’s Welfare Dept. to Use DLT Payments

To bring an update in the payment system, the U.K.’s Pensions and Welfare Department has planned to adopt Distributed Ledger Technology (DLT) for the processing of their payments. Recently, the authority published a blog post regarding the ideas that are going to be implemented.  Richard Laycock, the deputy director at …

New Zealand: It is Legal to Pay Salaries in Crypto

The Inland Revenue Department (IRD) (New Zealand’s tax office) has made it legal to pay salaries in digital currencies and it can be taxed accordingly. The agency published a report where it claimed under the Income Tax Act (to section RD 3) that an employee can be paid his salaries …

Etihad Airways Partners With Winding Tree

According to Reuter’s report, Etihad Airways has partnered with a Switzerland-based blockchain company to build its internal information systems. Winding Tree is a decentralized business-to-business marketplace built on Ethereum. It provides logistical support for Etihad Airway’s distribution system. The collaboration aims to proceed with third-party operators that currently manage its …

New Jersey Stops Two ICOs

New Jersey Bureau of Securities has ordered two state-based Initial Coin Offerings (ICOs) to stop the operations. Zoptax and UNOcall have been issued with emergency orders by the New Jersey officials. Canadian and American regulators coordinated under the North American Securities Administrators Association (NASAA) and proposed the ban. According to …

Chinese Hackers Are Targeting Crypto Firms

The cybersecurity company FireEye has published an article where it claims that Chinese state hackers are trying to hack cryptocurrency and video game companies. The targeted countries include India, France, Japan, Italy, Singapore, South Korea, Myanmar, Netherlands, Thailand, the United Kingdom, South Africa, Hong Kong, Switzerland, and Turkey. The targeted …

Mastercard Plans to Develop Crypto Wallet Solutions

Cryptocurrencies have grabbed Mastercard’s attention; the company has planned to develop crypto payments and wallet solutions. The financial service provider is also looking to hire multiple blockchain professionals. The initiative seems to be directly competing with Facebook’s cryptocurrency wallet Calibra.  However, Mastercard is also a founding member of Facebook’s Libra …

Thailand to Change AML Laws to Regulate Cryptos

A recent report from BangkokPost revealed that Thailand regulator has announced that they will revise regulation laws to prevent cryptocurrency usages in illegal activities. Pol Maj Gen Preecha Charoensahayanon, the acting Secretary-General of the Thai Anti-Money Laundering Office (AMLO), said that cryptos will be used for money laundering. Because of the illicit …

National Payments Corporation of India to Step Towards Blockchain

  A bank consortium owned organisation, the National Payments Corporation of India (NPCI) – plans to implement the use of blockchain technology. The organisation, generally responsible for the retail payments and settlements feels blockchain would boost digital transactions in India. National Payments Corporation of India (NPCI) Wants to Step Towards …

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