Category Archives: Blockchain

KPMG’s latest report says Cryptocurrency could flourish but needs Institutional Investors

At a time when the entire cryptocurrency market seems to be affected by a downward slope, ‘Big Four’ auditor KPMG based out of Netherlands has gone on to release a bullish report earlier in the previous week. In the report, KPMG debates that in order for the crypto industry to “realise its potential” it would have to be… Read More »

Ripple aims to dethrone Swift Banking Network

Earlier in the week, Brad Garlinghouse, the Chief Executive Officer of Ripple Labs Inc., the blockchain start-up whose digital money is frequently utilized as a proxy for other cryptocurrency payments, announced that the platform is gaining new customers as more and more financial firms are on the hunt for faster, more up-to-date technology in comparison to… Read More »

Bank of America wins a patent for a device that stores cryptographic keys

Earlier on Tuesday, October 30th, Bank of America was awarded a patent for a device that stores cryptographic keys. Also, as per stated by the document’s details, it shows possible applications for cryptocurrencies. The bank summarises a “hardened storage device” for storing private key similar to the ones used for blockchain platforms as per the patent… Read More »

Berlin continues to grow as the leading hub for blockchain & cryptocurrency

In the past couple of years, it has been noticed that Berlin has grown into one of the leading hubs for all things cryptocurrency and blockchain. And thanks to the recent enthusiasm seen for digital currencies like Bitcoin (BTC), Berliners seem to maintain this trend. The German city has been on the radar of cryptocurrency… Read More »

Blockchain expert points out a 500% rise in EOS unique active accounts

EOS networks daily unique visitors have witnessed a rise of more than 500% and currently has 60,000 unique users each day and completed a milestone. EOS network is a blockchain platform for building a decentralized application with a total of 430,000 accounts and these numbers keep in rising daily despite having various governance issues. Ben… Read More »

BitGo to introduce an Ethereum based token to be backed by Bitcoin

In an official blog post, published on Friday, October 26th, U.S. crypto wallet and blockchain security firm BitGo made an announcement stating that it has begun developing an Ethereum (ETH)-based coin backed 1:1 with Bitcoin (BTC). In the Blog Post, BitzGo explains that this upcoming “Wrapped Bitcoin” shall present its users with a “wide variety of new decentralized use cases that… Read More »

A report predicts Cryptocurrrency to grow into a $1.4 billion industry by 2024

As per a recent report published by MarketsandMarkets, it shows that by the year 2024 the cryptocurrency market shall grow into a $1.4 billion industry. The research group forecasts a 6.18% annual growth for the digital assets space. As per the reports, the main driving forces behind the growth would be high remittances in developing… Read More »

Oracle Releases Suite of Blockchain-Based Software for Supply Chain Management

Software development company Oracle Corp. has issued a suite of blockchain-based SaaS (software-as-a-service) applications based on its Oracle Blockchain Cloud Service, according to a survey published Oct. 23. The new product is purportedly designed to change traceability and transparency during supply chains. Oracle is an American corporation established in 1977, and currently is one of… Read More »

ABCD, The world’s four largest agriculture companies set to implement blockchain and AI

The world’s four largest agriculture companies, commonly known as ABCD, have partnered In an attempt to digitize international grain trading by implementing artificial intelligence (AI) technologies and blockchain, the world’s four largest agriculture companies, famously known as ABCD have announced a partnership as per reported by Reuters on Thursday, Oct. 25. ABCD is a combined initiative of… Read More »

China’s Alibaba Cloud Extends Enterprise Blockchain Offering to WorldWide Markets

The cloud computing arm of China’s e-commerce giant Alibaba Group – Alibaba Cloud, is improving its BaaS (Blockchain-as-a-Service) offering outside China, the company published in a press release on Oct. 24. Following the rollout of its Blockchain-as-a-Service platform in China, Alibaba Cloud will grow its enterprise-level blockchain service to major worldwide markets including Europe, the… Read More »