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Author: Alex M. (Alex M.)

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60% of Ethereum Smart Contracts Were Never Used

60% of Ethereum Smart Contracts Were Never Used

Reading Time: 1 minuteSpecialists from the American Northeastern University and the University of Maryland published the results of the analysis of all the smart contracts created in the blockchain Ethereum, more precisely, in the first five million of its blocks, which covers almost three years of the network functioning.

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Crypto to Become Main Topic at WEF

Crypto to Become Main Topic at WEF

Reading Time: 1 minuteTechnologies as blockchain and cryptocurrency will be the main topic of the World Economic Forum (WEF), which will be held in January 2019 in Davos, Switzerland. As the president of the forum, Børge Brende said, the international community needs to pay attention to the lack of interaction at the global level in order to confront...

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HSBC, StanChart, others launch trade finance platform

HSBC, StanChart, others launch trade finance platform

Reading Time: 1 minuteeTrade Connect, the platform developed by HSBC, Standard Chartered and 10 other banks, was launched in Hong Kong on Wednesday set to make the multi-billion industry of international trade more efficiently. Agricultural Bank of China and BNP Paribas were among the participants in the development of the platform. The industry is heavily paper-oriented and manual....

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JP Morgan to use Quorum Blockchain to Digitise Gold

JP Morgan to use Quorum Blockchain to Digitise Gold

Reading Time: 1 minuteQuorum is an enterprise-focused Ethereum-based blockchain developed by JP Morgan. Umar Farooq, JP Morgan’s Head of Blockchain Initiatives, expressed his belief in Ethereum and tokenization of assets at Sibos 2018. “They wrap a gold bar into a tamper-proof case electronically tagged, and they can track the gold bar from the mine to endpoint – with...

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South Korea’s FSC Gives its Blessing for Banks to Support Crypto Exchanges

South Korea’s FSC Gives its Blessing for Banks to Support Crypto Exchanges

Reading Time: 1 minuteChoi JongKu, Chairman of the Financial Services Commission (FSC), confirmed that banks are allowed to work with crypto exchanges as long as those exchanges have anti-money-laundering (AML) and know-your-customers (KYC) mechanisms in place. The statement has been well-received by the Korea Blockchain Association. Chin Daeje, KBA’s chairman, affirmed that regulators’ concern over both KYC and...

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Coinbase Won’t Go Public Anytime Soon, COO Asiff Hirji Said

Coinbase Won’t Go Public Anytime Soon, COO Asiff Hirji Said

Reading Time: 1 minuteIn his interview with Bloomberg Coinbase Inc. President and Chief Operating Officer discussed the exchange’s latest investment round which raised its evaluation to $8 billion and denied rumours of IPO, contrary to many speculations. ‘At some point, yes, we will go public, but that’s not even close to the top of the list of the...

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Binance Freezes WEX Assets amid Suspicions of Money Laundering

Binance Freezes WEX Assets amid Suspicions of Money Laundering

Reading Time: 1 minuteControversial exchange WEX.nz had multiple accounts that received 93,000 ETH shut down by Binance after claims of money laundering. ‘We will do what we can’, Binance CEO Changpeng Zhao wrote in a tweet. The infamous BTC-e’s heir, Russian-led WEX began exhibiting shady behaviour almost immediately after its launch when users began to have difficulties with...

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Bitcoin on verge of 10-year anniversary

Bitcoin on verge of 10-year anniversary

Reading Time: 1 minuteBitcoin will turn 10 years old on October 31st of this year, a decade after Satoshi Nakamoto created the first cryptocurrency in 2008.  So ten years on, how has Bitcoin changed, and has it worked to fulfill Satoshi’s vision?  Described in Satoshi’s whitepaper as a “peer-to-peer version of electronic cash [that] would allow online payments...

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Canadian crypto exchange hacked, or is it an exit scam?

Canadian crypto exchange hacked, or is it an exit scam?

Reading Time: 1 minuteFollowing a reported hacking of Canadian-based crypto exchange, MapleChange, the exchange closed, and then reopened their social media accounts. News of both the hack and the exchange shutting down their social media fostered rumors that the exchange was enacting an exit scam.  Since shutting down their social media accounts, Maple Exchange’s Twitter account has come...

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