Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI).According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium. The coin will be […]

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Blockchain is transforming the financial industry right before our eyes, with many market onlookers anticipating a complete replacement of existing payment, trading and banking infrastructures. Blockchain and finance seem like the perfect match, but there are other sectors, for which the technology may play a game-changing role. For one particular industry, the latter adjective isn’t […]

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Blockchain technology as a potential solution has been applied to all of the large ecosystems that have issues with real-time data access, partners privacy, traceability and auditability. The supply chain ecosystem is no exception to that, as typical product recalls cost $8 million per year and this number can be reduced with the improved track-and-trace […]

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On Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender.Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that such […]

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In a world of increasingly complex supply chains, paperwork piles up. Just one shipment may generate a stack of about 200 communications documents, and the cost of processing and administering this documentation is estimated to make up one-fifth of the cost of transporting goods. Blockchain could be a game-changer, ripping up this paper process and […]

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It has been over a decade since the bitcoin network first breathed its digital life, bringing with it the blockchain concept. Since then, the search for the best cryptocurrency has riveted both blockchain advocates as well as the mainstream media. No matter what your opinion about cryptocurrencies, they undoubtedly represent a bold vision of our […]

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ILCoin Blockchain Project has confirmed the successful launch of RIFT protocol and the release of 5Gb block – the biggest stable block in the market. The main purpose of this development is to break the scalability limit of blockchain technology, prepare it for wide adoption by data storage, finance, and other industries, and create a […]

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A group of former software developers from Morgan Stanley announced on Wednesday the launch of a cryptocurrency derivatives exchange called Phemex that aims to execute trades in less than a millisecond for both retail and institutional investors.Jack Tao, an 11-year executive with Morgan Stanley where he was the global development leader of the investment bank’s […]

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Speculation is at the heart of the cryptocurrency market. Obviously, price speculation is present across all assets, but most thriving cryptocurrencies have survived largely thanks to speculation about their anticipated applications and promised potential.Of course, this speculative quality has also been at the heart of the volatility in the crypto market. Bad actors and shady […]

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Commodity pricing hasn’t changed in three decades. Even for the most liquid, high-value and intensively traded commodities – oil, natural gas and gold – price setting is opaque.Changes have been made to methodologies and regulation in commodity pricing, but selective reporting and fewer participants submitting trades have lowered confidence in the published prices. The current […]

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