This Privacy-Focused Interoperable Blockchain Bridges Ethereum and Bitcoin

“Wanchain is a separate, independent, public chain,” CEO Jack Lu says on a recent December morning. He explains that it is essentially a fork of Ethereum which integrated a lot of privacy-focused changes and primarily focuses on cross-chain compatibility. Wanchain wants to be the bridge between blockchains, allowing multi-crypto transaction execution in a private manner.

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7 Major EU Countries to Go Big on Blockchain: What It Means for Crypto

On December 4, seven EU countries led by Malta and France have established a group called the “Mediterranean seven” to encourage and promote the usage of blockchain technology. In the months to come, the seven countries that include France, Italy, Spain, Malta, Cyprus, Portugal and Spain, will work to implement the blockchain in education, transport,

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Thailand Revenue Department to Track VAT Payments using Blockchain

In 2014, the Revenue Department of Thailand had arrested many individuals and investigated about 60 companies for defrauding the department out of $18.29 million worth of baht in value-added taxes (VAT). Since and before, the department has been unable to track a majority of such tax defaulters, losing billions of dollars in the process. So

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Former Ernst & Young Analyst Disillusioned by the Blockchain

A recent article in Barron’s describes Angus Champion de Crespigny, who spent ten years at professional services firm Ernst and Young and led the blockchain financial services division for years and was the subject of the article entitled “This Blockchain Believer Turned Heretic Is Still Bullish On Bitcoin,” as a “major skeptic.” Champion de Crespigny describes

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Korean Firm Aims to Make Blockchain Faster

According to local news outlet Joongnag Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration

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WaterChain Chairman: Cryptocurrencies Will Create An Entirely New Economy

Riggs Eckelberry is the CEO of OriginClear, a company which provides water treatment solutions, and Chairman of WaterChain, a token project which works to crowdsource water funding in an effort to alleviate suffering as a result of the ongoing global water crisis, which isn’t scheduled to get any better as populations increase. In a recent

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North Korea to Host Another Blockchain and Cryptocurrency Conference

In a bid to showcase some of its technological advancement and show its support for the blockchain technology, North Korea has announced plans to hold a blockchain and cryptocurrency conference. This comes on the heels of a similar conference held in August. The country announced that plans are already in the works for them to

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How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months. As CCN reported on November 16, Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC and

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Distributed Ledger Tech (DLT) can Automate Regulation: CFTC Chairman

As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. J. Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), highlighted distributed ledger technology (DLT) and how it can automate regulations for derivative markets while speaking at the D.C.

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Cities in China are Using Blockchain to Track Parolees

At least two Chinese cities are using blockchain technology to track offenders on parole, CCN has learned. In the city of Foshan, a report from May indicates that officials would like to deck their system out with bracelets similar to those issued in western countries. In the city of Zhongshan, which is in the same

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