Amazon Patent Casts Light on Plans to Create Proof-of-Work Blockchain Analog

Retail behemoth Amazon has received a patent for generating Merkle trees as a solution to the proof-of-work (PoW) algorithm, a document confirmed on May 14. Amazon, which has taken an increasing interest in blockchain technology in recent times, now appears to be targeting development of a specific variation of the instrument. Specifically, the patent targets Merkle trees — a data…

Bitfinex Crypto Exchange to Debut New Exchange Utility Token

Major cryptocurrency exchange Bitfinex has unveiled its exchange utility token UNUS SED LEO, in a press release on May 17. The token will be useable for a variety of exchange-based activities and will begin trading on Bitfinex on May 20 against tether (USDT), bitcoin (BTC), ether (ETH), U.S. dollars and EOS pairs. The whitepaper for the project, published on May 10,…

Alibaba To Introduce Blockchain Technology To Their Intellectual Property System for Its Companies

Chinese news media Sohu reports that Alibaba is going to integrate blockchain technology in its IP system. The main purpose of introducing the blockchain is to enhance an intellectual property protection system. Implementing better intellectual services to businesses at a global level is also a purpose behind the system upgrade. Small-sized enterprises can benefit from these…

Politicians Request More Feedback on Luxembourg’s E-Govt Blockchain Plan

The government of Luxembourg has started the plans for the so-called e-government recently and, according to the local Luxembourg Times, the opposition of the country is considerably concerned about this new initiative and is demanding specific explanations on this initiative. According to the reports, the plan is focused on implementing the blockchain…

Swiss Telecom is Showcasing Crypto Collectibles to TV via Non-Fungible Tokens

Swisscom, a giant of telecommunications in Switzerland, has decided to announce a new product called Noow. This new project will have a whole new approach to the way in which non-fungible tokens (NFTs) are treated. In case you do not know what NFTs are, just remember Crypto Kitties. Each token was…

Bitcoin Slips in Popularity So Regulation Is Not a Priority For Russia

When Bitcoin emerged as one of the hottest assets in the world in 2017, the world started to be concerned about how to regulate cryptocurrencies. Unfortunately, though, most countries have been dragging their feet somehow. Russia is no different from the United States when it comes to slow regulation and it seems like…

Bosch Ready To Use Blockchain Tech At Car-Charging Stations

Bosch Ready To Use Blockchain Tech At Car-Charging Stations For Electric Cars The multinational engineering and electronics manufacturer Bosch will be using the Ethereum (ETH) blockchain at car-charging stations. Although this is just a project and a testing phase, the company is also partnering with EnBW to test these blockchain charging stations for electric…

KPMG Auditing Firm Identifies Talents for Blockchain Space

The Big Four auditing firm KPMG has recently released which are the top four skills that an individual must have for a blockchain-related career. The press release was shared by the company to Cointelegraph on May 16. KPMG Says Companies Need Multifaceted Teams KPMG explains that companies are going to invest increasing amounts of money in blockchain…

FinCEN Clarifies Money Transmission Regulations Pertaining to DApps

The United States Financial Crimes Enforcement Network (FinCEN) has issued new guidance that contains its financial regulation policies concerning Decentralized Applications (DApps) on May 9. In the introduction to the guide, FinCEN notes the guide serves to clarify and provide examples to make compliance easier for entities whose activities fall under the purview of…

Malta Becomes Blockchain Island

Malta has realized the dream of becoming Blockchain Island with a major announcement by the Malta Financial Services Authority (MFSA) along with the Malta Digital Innovation Authority (MDIA). This announcement brings the island to the forefront of blockchain technology and leads the way for acceptance of the digital currency. The…