From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects news The Takeaway: More than 500 blockchain projects have been registered with the Chinese government since March.The filings reveal some of the largest Chinese banks and tech companies working with the technology.Several government offices, including courts and tax bureaus, are testing blockchain platforms to execute administrative tasks, the filings show.Chinese president Xi… JP Morgan’s Jamie Dimon: Facebook’s Crypto Isn’t a Short-Term Concern news Jamie Dimon, the CEO of J.P.
Morgan Chase, has said he doesn’t expect Facebook’s planned Libra cryptocurrency to have a short-term impact on the bank.
In an analysts call Tuesday, first reported by CNBC, Dimon appeared to suggest that it was too early to speculate on how the effort, advertised as a global currency… Vitalik Ends Devcon Talk With Sing-a-Long About Failed Ethereum Ideas “Consensus by bet – that didn’t work.Hub and spoke chains – that didn’t work.
Proof-of-proof-of-work – that didn’t work.Hyper cube chains – that also didn’t work!” Singing on stage alongside songwriter Jonathan Mann, ethereum founder Vitalik Buterin ended his keynote at Devcon4 in Prague on Wednesday, with a song that listed “the graveyard… A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New Supply Nov 23, 2020 at 8:00 p.m.UTC(Lazy_Bear/iStock via Getty Images Plus)A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New SupplyWhen demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.For more episodes and free early access before our regular 3 p.m.
Eastern time… Thai Government Trials Blockchain in Fight Against Tax Fraud A government agency in Thailand is trialing blockchain tech as a means to track value-added tax (VAT) payments in the country.According to a report from the Bangkok Post on Monday, Thailand’s Revenue Department is considering implementing blockchain to prevent fraudulent VAT refund claims in the country.VAT is a form of consumption tax levied on goods… 3 Under-the-Radar Product Trends for 2020 Dec 21, 2019 at 15:00 UTCThis post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world.Richard Chen is a partner at 1confirmation, a seed-stage venture fund supporting crypto-native founders fueling the decentralization of the web and society.Bitcoin dominance.The… DeFi Project dForce Refunds All Affected Users After $25M Hack Apr 28, 2020 at 09:00 UTCCredit: Ilya Pavlov/UnsplashDigital assets stolen in a hack on crypto lending platform dForce last week have been returned to customers.As reported by CoinDesk, a hack on the decentralized finance (DeFi) protocol saw $25 million in cryptocurrencies exit its wallets over three hours on April 19.
Curiously, the assets were returned… SushiSwap Co-Founder Sees Future Users in China and on Other Blockchains Sep 11, 2020 at 02:05 UTCSushiSwap Co-Founder Sees Future Users in China and on Other BlockchainsWithin a week of going online, DeFi project SushiSwap’s total value locked (TVL) surpassed $1.5 billion.At its peak, it made up almost 70% of liquidity on the decentralized exchange Uniswap.SushiSwap only took seven days to launch.This article was… Kyrgyzstan Has Proposed Its First Regulatory Framework for Crypto Jan 8, 2021 at 2:45 p.m.UTCKyrgyzstan Has Proposed Its First Regulatory Framework for CryptoThe National Bank of Kyrgyzstan has published draft legislation that would legally define cryptocurrency and how it may be used in the Central Asian nation.
With the proposed legislation, the central bank is following the call of the Financial Action Task… .
