Hedera Hashgraph Raises $100 Million, Claims $6 Billion Valuation

Hedera Hashgraph, a U.S. based distributed public ledger that plans to offer a cryptocurrency, a file storage service and a smart contract platform, has raised $100 million from institutional and has announced a valuation of $6 billion. The company announced on Twitter that it is currently offering tokens at $0.12, the same amount that investors

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China: World’s Third-Largest Bank Issues Farmland Mortgage Loan on a Blockchain

In a significant breakthrough to deepen the reform of mortgage loans, the Agricultural Bank of China (ABC) revealed that it has issued a farmland loan worth $300,000 on the blockchain in a trial. The bank, as reported by a local news source, used a segment of agriculture land as collateral to issue the mortgage loan in

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UK Govt. Researches Use of Blockchain Smart Contracts In Law

The UK Law Commission is in the process of codifying the use of smart contracts into British law as part of an ongoing effort to update British law and make it relevant to of the challenges of modern technology. This was revealed in the Commission’s 52nd annual report covering  the period from April 1, 2017

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JPMorgan Wants to Use Blockchain to Issue ICO Tokens

American investment banking giant JPMorgan Chase is pursuing a patent for a distributed system that uses blockchain technology to issue virtual depository receipts that sound suspiciously like initial coin offering (ICO) tokens. JPMorgan Wants to Host IPOs on a Blockchain The patent application, filed by JPMorgan in January and published by the U.S. Patent &

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UK National Archives to Test Blockchain Tech for Official Record Keeping

The UK government’s official record-keeper, the National Archives (TNA) will be using blockchain technology to create a way to verify the accuracy of archived documents. The project, called ARCHANGEL is one of three blockchain projects the University of Surrey has won, the other two being voting and healthcare. Digital Archives Challenged Digital archiving is challenging because

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Ethereum Smart Contracts only Good in ‘Kangaroo Courts’: NYU Prof. Nouriel Roubini

New York University (NYU) professor Nouriel Roubini is famous for his bearish economic prognostications, but in the cryptocurrency community “Dr. Doom” is better known for his utter disdain for all things blockchain — and the colorful manner in which he elucidates this distaste. In this latest episode, Roubini turned his attention to smart contracts, which

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More Than 1,000 Ethereum DApps Have Launched since 2017

More than 1,000 decentralized applications (DApps) have been and deployed onto the Ethereum network since 2017, according to analytics startup Alethio. Alethio’s Christian Crowley shared this data at “ConsenSys Community Day,” which was held this week at the Tel Aviv Stock Exchange and reported on by Finance Magnates. Crowley, whose company is building a real-time

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‎₽750 Million: Russia’s Largest Bank Buys Commercial Bonds on a Blockchain

The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russia’s first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the country’s National Settlement Depository powered

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Ethereum Client Parity Adds Support for Encrypted Smart Contracts

Ethereum client Parity has added support for on-chain private transactions in its latest software update, providing developers with the ability to create and deploy encrypted smart contracts. Released on Tuesday, Parity 1.11.1-beta introduces several new features to the software client, which remains popular even though several bugs in Parity’s multisig smart contract libraries have given

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Bitcoin Cash Hard Forks to Raise the BCH Block Size [Again]

Today Bitcoin Cash activated a hard fork that will increase the BCH block size from 8MB to 32MB and add new OP codes to the codebase. Bigger Blocks Initially announced November 2017, the upgrade began at 12:00:00 UTC when the hard fork was initialized. As CCN reported back in April, the fork includes the addition

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