Ethereum Startup Omise Gains Megabank Sponsor for Blockchain Coworking Space in Japan

Mizuho, one of Japan’s three so-called ‘megabanks’, will sponsor Neutrino, the country’s first blockchain coworking space established by Ethereum-based startup Omise Japan. Named ‘Neutrino’, the country’s first specialized blockchain co-working space was established by Omise in Tokyo in March this year. Omise, a Thai-based startup, sees Ethereum co-founder Vitalik Buterin among its advisors and closed

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American Express Taps Hyperledger Blockchain for Rewards Program Revamp

American Express has deployed Hyperledger’s blockchain technology to make its Membership Rewards program more versatile, marking the first application of blockchain technology to a major U.S. financial services loyalty program. Under the revamped program, merchants will be able to create Membership Rewards offers on their own platforms to engage customers and at the same time

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Japan’s Biggest Bank to Carry Large-Scale Trial of Cryptocurrency ‘MUFG Coin’

The banking arm of the Mitsubishi UFJ Financial Group’s (MUFG), the Bank of Tokyo-Mitsubishi UFJ, is reportedly planning to trial its in-house cryptocurrency in 2019 following years of development. As Japan’s largest bank, MUFG could become the world’s first major financial institution to deploy its own cryptocurrency after a local report by Japanese publication NHK

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Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report

Iran and Russia could turn to cryptocurrency as a solution to evade Western financial sanctions and reduce their dependence on the US dollar. Iran has been struck by a monetary crisis in recent months after its fiat currency, the rial, plunged to historic lows against the US dollar leading up to US president Trump formally

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This Mosque Could Be Britain’s First to Accept Crypto for Alms-Giving During Ramadan

Masjid Ramadan or Shacklewell Lane Mosque in London is taking a forward-thinking approach to the Islamic practice of Zakat and Sadaqah, alms-giving. Based in Dalston (Hackney), East London, Shackwell Lane Mosque is the UK’s first Turkish-owned mosque, managed by the registered charity UK Turkish Islamic Trust. CCN spoke with the mosque chairman Erkin Guney, the mosque’s

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Why Nokia Is Partnering with a Crypto Startup to Build an IoT Network

Nokia, a Finland-based multinational communications and information technology provider, has announced a project to give people in remote rural areas a chance to have mobile connectivity and enjoy the benefits of the digital economy, according to a a post on the company’s blog. New tools that reduce the cost of network deployment and maintenance will bring

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Switzerland Government Calls for Study on State Cryptocurrency “e-franc”

Switzerland’s federal government has called for a study into the risks and opportunities of launching the “e-franc”, a proposed state cryptocurrency powered by blockchain technology. The Federal Council, Switzerland’s seven-member executive council that constitutes the federal government, has thrown its support behind a 32-year-old Swiss lawmaker Cédric Wermuth’s call for a formal government study into

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China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13

On May 17, China’s Ministry of Industry and Information Technology released its public blockchain ratings, ranking various blockchain projects like Ethereum in the global cryptocurrency sector based on three criteria: technology, application, and innovation. Bitcoin at #13 As shown in the chart below, the Chinese government ranked Ethereum as the world’s best blockchain network at

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Bitcoin Traders Join Supreme Court Challenge to India’s Banking Blockade

More bitcoin traders are challenging India’s directive for banks to stop financial services to cryptocurrency exchanges in the populous Asian country, with a court hearing of the challenge set for Thursday this week amid complaints that the Reserve Bank of India (RBI) is curtailing “essential” trade services. On Monday, the Economic Times in India reported

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Indonesia’s Public And Private Sectors Explore Uses For Blockchain

In Indonesia, a country with 250 million people living across 17,000 islands, both the private and public sectors are actively exploring blockchain technology to overcome challenges managing data for everything from food output to election results to trade financing. The government has clearly taken a leadership role in exploring blockchain technology. Fithri Hadi, the director

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