Crusoe Energy will offer oil companies to use surplus natural gas for cryptocurrency mining.

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Crusoe Energy Systems has announced the development of mobile modular data centers that can be used for mining cryptocurrencies, consuming the excess gas remaining in oil production.

It is reported that with the help of such mobile data centers, oil producing companies will be able to stop burning excess gas and use it for cryptocurrency mining. This will also reduce emissions of carbon dioxide, volatile organic compounds and nitric oxide immediately by 99%.

“We are committed to developing new technologies to reduce emissions from gas flaring that can cope with the large gas flow generated by shale oil producers in North America. Crusoe technology enables the use of wasted energy for growing industries that require energy-intensive computing. For example, for the areas of blockchain and artificial intelligence, ”said Chase Lochmiller, co-founder and head of Crusoe.

The company has already received more than $ 4.5 million investment in the development of appropriate equipment. Investors included Bain Capital Ventures and the Founders Fund Pathfinder, as well as Winklevoss Capital Management.

A recent Reportlinker study showed that the mining equipment market will grow in the coming years. At the same time, demand for FPGA processors and ASIC miners will contribute to this growth.

The Denver company, which is setting up data centers on shale drilling sites to take advantage of its surplus natural gas reserves, says it currently has eight operations across the United States and plans another 30 in the first half of next year.

The centers are touted as a way to solve the growing problem of gas burning when energy companies burn excess gas. Burning in Texas this year reached a record high due to a lack of pipelines.

Crusoe Energy Systems Inc., in close contact, uses part of the excess gas in the source to turn it into electricity, powering data centers, which, in turn, generate revenue from bitcoin mining. Next year, the company will install 70 units, each with a capacity of about 1 megawatt, which

will avoid burning about 10 million cubic feet of gas per day, CEO Chase Lochmiller said in an interview.

“This is a very creative way to solve environmental and economic problems for the oil and gas industry,” said Alex Urdea, Investment Director at Upper90 Capital Management LLC, which agreed to provide Crusoe with $ 40 million in project financing. The business model is of interest to large oil and gas producers, and ultimately it may include revenue sharing, he added. Crusoe also raised $ 30 million by selling shares to investors, including Bain Capital Ventures.

Earlier this year, Crusoe raised $ 5 million in seed capital from investors, including Winklevoss Capital Management LLC. Several units can be deployed on one site to build scale. As the number of active modules increases, Crusoe plans to start using some of these computing capabilities to develop a new cloud computing service with artificial intelligence.

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Mastercard, Ripple and Binance join Blockchain Education Alliance.

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The Blockchain Educational Alliance, created by the MouseBelt blockchain accelerator, has gained several noteworthy new members.

Ashley Meredith, director of the MouseBelt Blockchain Accelerator University program, told Cointelegraph on February 11 that the new entrants included Behemoth Mastercard, a payment processing company, Binance X, an innovative large-scale cryptocurrency exchange unit, Ripple Spring accelerator and KuCoin cryptocurrency exchange.

NEO’s smart contract platform, IoTeX’s Internet of Things startup, Quantstamp blockchain security company, and Constellation Labs big blockchain chain service have also joined the alliance.

According to the official website, the Blockchain Education Alliance aims to support education “so that students gain the skills, connections, and knowledge needed to contribute to the blockchain ecosystem.”

At the time of its launch in October 2019, the alliance included the Star Development Fund, Tron, Hedera, Icon, Ontology, Wanchain, Harmony One, Nervos, Orbs, LTO Network, Emurgo, Nem and ETC Labs.

In August 2019, MouseBelt launched an initiative to create blockchains on three campuses of the University of California system.

Blockchain and crypto need education

The blockchain and cryptocurrency industry has long been plagued by a lack of specialized workforce capable of pushing space forward. At the end of August 2019, Ken Weber, head of the Ripple Social Impact Service, said universities around the world should expand their educational programs to offer courses on blockchain and digital resources.

Last month, Nikolai Musheghyan, a former MakerDAO member and Carnegie Mellon graduate, allocated 10,000 MKR — worth less than $ 5.65 million. The United States at the time of printing was its alma mater to develop a research program for decentralized applications. In October 2019, a master’s degree in blockchain technology and distributed ledger was opened at the University of Malta.

Mastercard, the innovative divisions of Ripple and Binance, and eight other other companies, have joined the alliance that supports blockchain education at universities around the world.

MouseBelt Blockchain Accelerator announced that it has accepted 11 founding members to its Blockchain Education Alliance. In addition to Mastercard, Ripple and Binance, the alliance included representatives of Neo, KuCoin and the Matic Network. They will join 13 companies, including Stellar, TRON and Wanchain, which have already become part of the alliance since its inception last October.

The Blockchain Education Alliance is part of the MouseBelt University program. This is an initiative to train the next generation of blockchain developers in more than 80 student associations around the world. Alliance members provide funding and educational resources that help students and teachers develop curricula and keep abreast of the latest developments in the industry.

Barcelona football club will issue a token for voting.

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Fans of “Barcelona” are going to get on the blockchain.

Barca, as one of the most popular football clubs in the world, produces tokens for use on the platform for fans. The tokens expected in the second quarter will allow owners to vote on various decisions about the team, for example, what kind of music to play in the stadium when the team scores a goal. The idea is to allow supporters around the world to participate in the club.

To get coins, fans can download the Socios.com app, buy the native coins of this app, known as Chiliz, and then use them to buy Barca Fan Team tokens. Fans will be offered 40 million Barca coins of 2 euros each, and most of the proceeds will go to the club, said Alexander Dreyfus, CEO of Socios.com, producer Chiliz, in a telephone interview. Chiliz tokens trade on several cryptocurrencies, and can also be stored in a cryptocurrency wallet.

According to Dreyfus, Barcelona is the ninth top-level team that signed a contract with Chiliiz at Socios.com to issue tokens. Other clubs include Paris Saint-Germain and Juventus. According to him, since the fan tokens debuted in December, about 110,000 users have registered who bought an average of $ 20 coins.

“For all these teams, it’s just another vertical — just like they have merchandising and electronic tickets,” said Dreyfus. “We are not targeting fans who are in the stadium that they already know. The idea is to reach 99.9% of people who are not in the stadium. ”

Catalan football club Barcelona will issue the Barça Fan Token token, which will give fans the opportunity to vote in club polls. Tokens will be available on the Socios.com app from Chiliz.

Barça Fan Token (BAR) was developed in collaboration with the blockchain company Chiliz so that fans can vote in polls initiated by the football club through the Socios.com mobile app. The CEO and founder of Chiliz, Alexander Dreyfus, said:

“Barcelona has over 300 million fans worldwide. The club is without a doubt the most famous and most supported football team in the world, and we look forward to seeing its fans participate in the club’s life. ”

Chiliz noted that fans interacting with the club through the app will be rewarded with points that can be exchanged for the team’s souvenirs. There are other features for BAR holders, including chat, token trading, games, and more.

40 million BAR tokens will go on sale in the second quarter of 2020 at a price of € 2 per token. At the same time, in order to get a BAR token, fans will first need to purchase a Chiliz token, which can be bought on many exchanges.

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Bahamas Central Bank to issue its own digital currency by the end of 2020.

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Bahamas Central Bank Chairman John Roll announces digital testing of the Bahamian dollar, which is scheduled to launch in the second half of 2020.

The Chairman of the Bank represents the Project Sand Dollar Chamber of Commerce and the Bahamas Employers Confederation. As Roll explained, Project Sand Dollar is an electronic payment system for organizations and individual users that will act in accordance with local financial laws.

In December, a pilot project was already launched on Exuma Island, and later cryptocurrency will be tested in the Abako region, where it was originally planned to launch the project. According to the report, about 2,000 people wanted to participate in the testing of the project by the Central Bank of the Bahamas.

Roll added that the digital Bahamian dollar will not be different from the fiat currency of the Bahamas (BSD) and will only be its digital version. Cryptocurrency will be used only within the state, but after successful testing, it can be tied to any other foreign currency.

The Chairman also emphasized that the Central Bank of the Bahamas is actively working on the technological infrastructure of the project, as well as on issues related to regulation and cybersecurity.

“Despite the fact that many central banks have different points of view on the issue of their own cryptocurrencies, the Bahamas will be one of the first countries to issue their digital dollar,” he said.

Recall that the Bahamas began testing its digital dollar in December, and in May the Bahamas Securities Commission reviewed a bill governing digital assets.

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Nasdaq tests bitcoin asset trading.

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Nasdaq is negotiating with industry representatives and an unnamed partner regarding the advisability of creating such an instrument. Back in November 2017, the Wall Street Journal wrote that Nasdaq was developing a bitcoin-based futures product in conjunction with the US financial company Cantor Fitzgerald.

There are two factors that can influence the final Nasdaq decision, Friedman said. First, the exchange wants to provide the market with a product that will be different from existing ones. In addition, she seeks to make sure that she can cope with all the risks inherent in cryptocurrency trading.

“The first thing to understand when creating a new product is whether people will use it and will use it differently than they do now. Secondly, for this we must pass independent certification as a futures exchange. We would use our NFX license, but must make sure that we are fully prepared from the perspective of risk management. These are the two main issues that we continue to work on,” Friedman explained.

In response to a question from the interlocutor about whether Nasdaq can launch exchange products for other cryptocurrencies, Friedman noted that two exchange index bonds are currently being traded on Nasdaq Nordic, one of which is linked to Ethereum and the other to bitcoin. However, in determining the future direction, Nasdaq primarily focuses on “the role of digital currencies and cryptocurrencies in the global economy”.

“The question is whether they will ripen to the stage when they will really be used in the exchange of goods,” she added.

Meanwhile, Nasdaq has added a new cryptocurrency index. Nasdaq also launches an index supporting decentralized finance. The exchange will also create a cryptocurrency service for institutions.

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The environmental monitoring organization PlanetWatch tested devices for monitoring air quality.

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The environmental monitoring organization PlanetWatch tested devices for monitoring air quality and obtaining accurate meteorological data that will be stored on the Algorand blockchain.

Algorand employee Kati Callaghan (Kati Callaghan) said that the devices are stationary sensors installed on homes, and mobile devices that you can carry and even fasten on public transport. For the collection and provision of data, sensor owners will receive PLANET tokens.

The received data is downloaded to the system in real time, and after verification it is stored in the blockchain and is in the public domain. The system is already being tested in several Italian cities, as well as long-term trials in the Arctic.

Claudio Parrinello, a former researcher and founder of PlanetWatch, said that all the devices have been thoroughly tested, and now the organization is negotiating with institutional investors.

“We are already showing great interest in our project. In fact, using sensors and transmitting air condition data to PlanetWatch, you are mining PLANET tokens, ”said Parrinello.

Recall that the Algorand blockchain project launched an updated version of its protocol “significantly expanding the range of decentralized applications and processes” that can be launched on the platform.

It is worth noting that in the summer, the Algorand blockchain project was able to attract $ 60 million of investments. As a result, Algorand lost 62% of its value in a month.

Algorand will also help fintech startup Monerium release money on the blockchain.

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Blockchain becomes more prevalent in sports.

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Can an industry like sports take advantage of the blockchain technology? The answer is ‘Yes.’

Blockchain has received friction in the world of sports in recent months. Earlier in January, news developed that the National Basketball Association’s Sacramento Kings will shift off a live auction for gear with a blockchain-based app. The platform purportedly validates auction items, mending problems that have long bothered gearhungry fans.

Last year, the Italian luxury sports car brand Lamborghinistarted utilizing Salesforce Blockchain to track, certify and authenticate heritage Lamborghini cars quicker and more securely employing its blockchain platform.

Malta-based sports blockchain venture Chiliz announced that it is launching a cryptocurrency exchange for sports and entertainment tokens.

Lancashire sales director John Nuttal explained that online ticketing has become increasingly popular in recent years, so it’s time to introduce the latest technology that can protect customers from fraudsters selling fake tickets.

In August 2018, the Union of European Football Associations (UEFA) first sold tickets for the match between the Spanish teams of Real and Atlético through a mobile blockchain application, and last month announced a partnership with AlphaWallet to tokenize tickets for the 2020 European Football Championship.

According to a Feb. 17 announcement, UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.” The new blockchain-based mobile ticketing solution is meant to prevent the duplication and replication of tickets by “QR codes only being activated by Bluetooth once fans are in close proximity to the stadium.” The app will be available for download toward the end of May for both Android and iOS devices.

Tickets will be delivered no later than seven days before the match and “UEFA expects to deliver over one million mobile tickets to fans across all 51 matches.” UEFA decided to adopt this system in an attempt to facilitate ticket distribution to what is expected to be the most in-demand UEFA cup ever.

In the future, the blockchain opportunities for the sporting world look promising though it is yet to reach its full potential. Those who want to stay ahead of the game in the sporting world should embrace the innovative opportunities blockchain has to offer.

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Iranian Crypto Mining Law. Iranian government issues cryptocurrency mining licenses.

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Iranian Crypto Mining Law

Iran’s cryptocurrency mining industry has been regulated since last year. The Iranian government officially recognized cryptocurrency mining as an industry in August after months of deliberation, Aljazeera reported on Aug. 4, 2019. Crypto miners must be licensed by the Ministry of Industry, Mine and Trade before beginning their operations.

However, Amir Hossein Saeedi Naeini told Ibena that discussions are underway to set more favorable terms for crypto miners. Meanwhile, Iranian President Hassan Rouhani has been discussing creating a unified cryptocurrency for Muslim countries with leaders of other Muslim nations.

Amir Hossein Saidi Naeyni, representative of the ICT Guild Organization, spoke about the state of the country’s cryptocurrency industry. In an interview with Ibena, he said that cryptocurrency mining is a new industry that attracts many in Iran. He noted that miners should obtain a license for work and said:

“The Ministry of Industry has issued over 1,000 cryptocurrency mining licenses in the country. Our research shows that the cryptocurrency mining industry can bring the economy $ 8.5 billion. ”

Amir Naeyni believes that the cryptocurrency industry can help Iran’s economy. However, he explained that the high cost of electricity is a serious problem for cryptocurrency miners. Although “a number of large companies” were created, an ICT Guild Organization representative noted:

“High electricity tariffs plus strict regulation has made the sector less attractive to small investors.”

He expressed the opinion that “the working conditions in this industry should not be such that only large companies enter the cryptocurrency mining market, and all miners should be able to work.” He emphasized that changing electricity tariffs could stimulate the mining industry to generate more revenue.

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Algorand blockchain used to control air quality.

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About PlanetWatch s.a.s.

Planetwatch s.a.s., is a high-tech startup based in France, less than a mile away from CERN. By leveraging synergically the Algorand blockchain, advanced data acquisition software developed at CERN and high-performance yet affordable air quality sensors developed by a major research institute, Planetwatch decentralizes, incentivizes and gamifies air quality monitoring. Planetwatch is going to deploy dense, low-cost air quality monitoring networks delivering real-time data and building the first global immutable ledger for historical air quality data.

Algorand puts air quality test results on a blockchain.

The DeFi-focused blockchain firm is teaming up with PlanetWatch to create an immutable record of global air quality test results

Decentralized finance-focused blockchain firm Algorand has teamed up with French start-up PlanetWatch to put global air quality test results on a blockchain.

A company spun off from the French physics lab CERN, PlanetWatch will use “internet of things” connected sensors to monitor and record air pollution data.

PlanetWatch called current air-quality monitoring “inadequate due to no real-time data reporting” in a release. Noting that the World Bank has labeled air pollution the fourth largest health risk in the world, the company said its goal is to ensure that when air pollution rises to dangerous levels, timely warnings are immediately available on a mobile app to “endangered populations.”

In addition to using Algorand’s open-source, permissionless blockchain to quickly disseminate and permanently record pollution readings, PlanetWatch plans to use it to reward volunteers who maintain or even carry pollution sensors with them. Participants will receive Planet utility tokens for contributing data.

“The missing link in air quality monitoring is a high-density, low-cost sensor network, delivering real-time data,” said Claudio Parrinello, CEO of PlanetWatch, in the statement. “Historically, air pollution is monitored through large, expensive scientific instruments installed in a small number of locations, with data not being published in real-time.”

Energy efficiency counts

Parrinello added that Algorand’s energy-efficient blockchain protocol was a factor in choosing to partner with the firm.

“Algorand’s protocol was built by the team to be energy conscious with minimal processing power needed to achieve consensus in its innovative pure proof-of-stake approach,” said W. Sean Ford, COO of Algorand. “The eco-friendliness of the Algorand network makes for a natural partnership with PlanetWatch to help global populations access transparent, reliable information about air quality in their locations.”

Energy-intensive proof-of-work mining practices have given Bitcoin in particular a bad name, said Ford. A 2019 study by the University of Cambridge estimated that Bitcoin mining uses as much energy as Switzerland. (That reputation may be overblown, other studies suggest.)

But there’s always a silver lining. “This data has vast commercial and scientific value as air quality pollution will become more prevalent in the coming decades,” Parrinello said.

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The Nasdaq Stock Exchange is considering launching bitcoin futures.

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The Nasdaq Stock Exchange is considering launching bitcoin futures. This was announced by the CEO of the exchange Aden Friedman in Davos.

CEO Adena Friedman said to Bloomberg that Nasdaq is still considering a variant of launching the Bitcoin futures product.

During the interview at Bloomberg given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning” market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up.

Two Main Reasons Nasdaq Will Consider Regarding Bitcoin Futures

After observing the market conditions, Nasdaq wants to bring up a viable solution that will be different from the competitors. This is a wise move, which is what good business gurus (like Guy Kawasaki, Richard Branson or Barry Feldman) typically advise to do. If you’re going to conquer some marker, make sure that your offer is substantially different from the ones given by the other ventures, shops, restaurants, crypto exchanges, etc.

The second major consideration is that the exchange has no certificate. They need to obtain the papers allowing them to be a futures exchange. And they want to do it via the current NFX license that is already in their possession. Friedman said that cryptocurrencies are not evil, that they could change society. She noted that cryptocurrencies have a deep impact on the global economy. Adena is unsure whether the blockchain hype will provoke something hardcore enough to facilitate large amounts of payments:

“DIGITAL CURRENCIES AND CRYPTOCURRENCIES WILL HAVE A ROLE IN THE GLOBAL ECONOMY. THE QUESTION IS WILL THEY MATURE TO A STATE THAT IS USED FOR THE TRANSFER OF GOODS.”

Strange that she says it in such away. Because many of the cryptocurrencies already transfer colossal amounts of goods from country to country. The WSJ was reporting in November 2017 that Nasdaq is working with Cantor Fitzgerald. They wanted to bring up the futures product. It supposed to arrive until the second half of 2018. But later, apparently, the investors ran away from the falling price of the still so volatile BTC. At the same time, many other firms came up with similar solutions, including the Intercontinental Exchange (ICE) and Chicago Mercantile Exchange, and won.

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What are the conditions in Armenia for the blockchain business ?

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Armenia can become a very powerful ecosystem or a hub for blockchain technology, Henry Arslanyan, the first Asian teacher of the FinTech course at the University of Hong Kong, told reporters today in Yerevan.

Henry Arslanyan said there is a great interest now in blockchain technology. In his words, these technologies and the crypto technology market can be very useful to many young people, startups and technology companies in Armenia not only in terms of Armenia, but also in terms of entering the world market.

He said although blockchain is a new technology, there are startups in Armenia that work in this area, and an increase in the number of such companies is very important.

“The blockchain in Armenia is still at an early stage and the ecosystem is very small, but at the world level, many leaders and experts are Armenians who specialize in this industry, and this potential can be used as well,” Arslanyan said.

According to him, the capabilities of the blockchain can be used to improve the economic development of the country.

He said many countries today are trying to solve legislative and tax issues, but now it is much more important for this sector around the world to have technologies and highly qualified personnel and an ecosystem rather than a favorable tax legislation.

He stressed that in Armenia there are a lot of personnel in the technological and research sphere, there are the Central Bank and the government that are trusted by the population, as well as a strong and developed banking system.

In Armenia, all conditions have been created for the comfortable conduct of the blockchain business. Georgy Galoyan, head of Nooor Blockchain Armenia startup business, said this in an interview with LetKnow News.

“In connection with the velvet revolution that took place in 2018, Armenia became overnight one of the most promising countries for the development of any business, including blockchain,” he noted.

At the same time, the expert drew attention to the fact that the situation changed for the better only after the change of power.

“There is nothing better than a newly elected government, which puts the progress and development of the country, and not personal interests, as it happens in most CIS countries,” he added.

It is worth noting that part of the Ripple code was written in Armenia. In addition, Armenia leads in the number of women in the blockchain sphere. Also, one of the largest mining farms in the world was launched in Armenia.

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Cricket Club Lancashire uses blockchain to sell tickets

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The United Kingdom’s Lancashire Cricket Club will trade tickets for all national and international fixtures at Emirates Old Trafford in 2020 by a blockchain-based platform.

The management of the English cricket club Lancashire Cricket Club announced plans to use the blockchain-based system developed by the TIXnGO startup to sell tickets.

According to the club’s management, blockchain will simplify the process of buying and reselling tickets, making it completely transparent. In addition, each ticket will be unique and impossible to fake. The development of the platform lasted about 18 months, and last year the system was successfully tested.

The platform has been collectively developed with Lancashire’s ticketing service provider, SecuTis, and was favorably examined during the 2019 season.

Excluding fraudulent tickets.

By using the platform, the club aims to decrease fake tickets and trail ticket distribution amongst its supporters. Lancashire’s head of ticketing and digital systems, Jonathon Nuttall, declared that the club became the principal in the sport to utilize the new blockchain secure mobile ticket technology, and continued:

“During the 2019 season, over 80% of tickets bought at Emirates Old Trafford have been made online, compared to less than 50% in 2018 so it’s vitally important that we continue to improve the digital ticking technologies to ensure we make things as easy, and as enjoyable, as possible for those supporters booking with us.”

David Hornby, UK MD of SecuTix, stated that “blockchain technology addresses many of the ticketing issues that both sports organizations and fans alike face. TIXnGO creates a unique, encrypted ticket for smartphones that is completely traceable, removes the risk of counterfeit tickets, and simplifies the process of transferring or reselling tickets for the customer.”

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Hawaii Senate Files Bill Allows Banks Offer Cryptocurrency Custodial Services Hawaii crypto custody.

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Five lawmakers in Hawaii, a state in the US, have proposed a bill that could enable banks to hold and manage digital assets in their custody. The bill, Senate Bill (S.B.) 2594 was introduced last week and has passed its first reading.

Once approved, the legislation would make it legal for Hawaiian banks to hold digital assets such as “virtual currencies, digital securities, open blockchain tokens and digital consumer assets” on behalf of their customers.

Part of the SB2594 put forward to the authorization of law courts to hear claims concerning digital assets. Hence, if passed, would equally enable Hawaiian courts to handle digital asset-related cases.

The development is coming at a good time as it could turn things around for crypto-related businesses in the state, given that, Hawaii has been among the regions with stringent requirements for crypto firms.

For instance, Coinbase, one of the leading crypto exchanges had to stop its operations in the state, due to a mandate by the state’s Division of Financial Institutions in 2017, asking crypto-licensed businesses to hold cash reserves that are equal to customers’ crypto holdings in their custody.

The bill, however, has a tendency to level up the path for cryptocurrencies,and digital assets in general, as it would probably reinforce the steps by banks in providing support for these assets.

Nonetheless, banks will have to maintain reserves like a trusted company, according to the document citing section 412:8–202, which states:

Every trust company shall have on hand at all times in actual money of the United States an amount equal to at least twelve per cent of all agency credit balances payable on demand and accounts payable, plus at least five per cent of all agency credit balances payable on time; provided that such reserve may be deposited payable on demand in banks and other trust companies approved by the commissioner or maybe cash in the vaults of the trust company.

Several lawmakers of the US state of Hawaii immediately proposed allowing local banks to store “digital securities”, “virtual assets” and other “open blockchain tokens.”

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Tether launches gold stablecoin XAU ₮ tied to gold.

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This week, the crypto market saw a major development after the world’s largest stablecoin provider, Tether Ltd announced the launch of its highly-anticipated Tether Gold (XAU₮) token. Tether currently dominates the stablecoin market with a market cap of over $4.6 billion. Now, the firm seeks to transform the gold-backed token arena in much the same way.

News first broke via a post from Tether’s management team. In the post, the firm spoke on Tether’s proven track record for product innovation in the sector. Also, developers discussed the new XAU₮ token and its functionality. Specifically, the post clarified that XAU₮ represents ownership of one troy fine ounce of physical gold on a specific gold bar.

Tether Gold (XAU₮)

As part of the Tether Gold strategy, executives decided it was better to maintain direct control over the physical gold storage. As such, the gold represented by XAU₮ resides in a high-security vault in the country of Switzerland. The post explains that users don’t have to fear the loss of their physically-tethered gold because the vault incorporates best in class security systems coupled with advanced anti-threat measures.

Tether Gold via Company Website

In order to make this monumental task a reality, Tether chose to partner with long-time precious metals trader TG Commodities Limited. For their part, this UK-licensed firm provided the gold for tokenization. Notably, TG Commodities Limited is managed by one of the UK’s largest landowners, the Parduman K Gupta family. Consequently, the decision to work with TG commodities adds additional credibility to the entire concept.

Tether Gold (XAU₮) Tokens

Interestingly, Tether decided to go with a multi-blockchain approach to the market. Currently, XAU₮ tokens are to release in two different coding formats. XAU₮ is available in both ERC-20 tokens on the Ethereum (ETH) blockchain and TRC-20 tokens that live on the TRON network. Importantly, both types of XAU₮ are compatible with the current batch of Tether (USDT) wallets. In this way, XAU₮ tokens can transfer to any supported on-chain address without issues.

Tether Gold (XAU₮) Strategy

As part of Tethers XAU₮ unveiling, the firm made a couple of other important announcements regarding the token. Firstly, XAU₮ is to be the only gold-backed token to not charge custody fees. Notably, this decision improves the profitability of the token. Also, XAU₮ investors get access to a 24-hour dedicated customer support team. As it stands today, developers have not listed what exchanges will support XAU₮. However, developers did invite any interested exchanges to reach out for more details on how to list the token in the future.

Tether Gets Golden

Tether once changed the cryptomarkets forever, and now, it looks as if the firm is ready to do it again. It will be interesting to see exactly how Tether manages and audit this latest venture. In the past, the firm has run into issues regarding its Tether stablecoin accounting practices. Hopefully, the firm learned from those mistakes. For now, the entire crypto community awaits the launch of this unique gold-backed stablecoin.

The Tether project announced the launch of the new Tether Gold token (XAU ₮), tied to gold, which has already begun to be traded on theBitfinex cryptocurrency exchange.

According to the management, the Tether Gold token provides the right to own one troy ounce of pure gold bullion; today the stablecoin cost is about $ 1,550. Tether Gold is presented as an ERC-20 and TRC20 standard token, and is released on the Ethereum and Tron blockchains.

The gold that the tokens are provided with is in the Swiss vault. Tether does not plan to charge customers a fee for storing the precious metal and directly control it, which will differ from its competitors.

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Japanese lawmakers will offer digital yen.

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Japan ruling party lawmakers to float idea of issuing digital currency.

TOKYO (Reuters) — A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook’s Libra and China’s drive to create a digital yuan.

The digital currency could be a joint initiative between the government and private companies that would put Japan in tune with global changes in financial technology, Norihiro Nakayama, parliamentary vice minister for foreign affairs, told Reuters.

The group, led by party heavyweight and former economy minister Akira Amari, plans to submit its proposal to the government as early as next month, Nakayama said.

While Japan is unlikely to issue digital currencies any time soon due to technical and legal hurdles, the move comes in the wake of a decision by the Bank of Japan to join six other central banks to share expertise on doing so in the future.

In a sign of increased attention on digital currencies in political circles, Prime Minister Shinzo Abe told parliament that the government will work with the BOJ in studying digital currencies and find ways to enhance the yen’s convenience as a settlement means.

Facebook’s push to launch its Libra cryptocurrency has prodded central banks to quicken the pace at which they look at issuing digital currencies.

Some Japanese lawmakers have voiced concern over Beijing’s move as an attempt to expand the yuan’s use as a settlement currency in emerging economies. Former BOJ board member Takahide Kiuchi, however, said China and Japan have different reasons to consider issuing digital currencies. For China, the motivation is to enhance the yuan’s clout in the global community; for Japan, it would be to change the country’s cash-loving culture, he said.

“The BOJ probably won’t want to do anything that would stifle private-sector innovation. The best way could be to issue a hybrid-type digital currency that is operated and issued by private firms, with the central bank’s involvement,” he said.

Members of the ruling Liberal Democratic Party of Japan plan to offer the country the issue of its own digital currency. According to Reuters, about 70 MPs from the party believe that the digital yen is necessary to counter the upcoming launches of Libra stable coin and China’s digital currency.

According to Norihiro Nakayama, Deputy Foreign Minister, the initiative to keep Japan at the forefront of innovative technology will be a joint project between the government and the private sector.

The first step in achieving this goal will be the study of the concept of Japanese state cryptocurrency. The ruling party is led by former Minister of Economy, Trade and Industry Akira Amari, who is reported to present a cryptocurrency plan for the government next month.

This initiative is contrary to the opinion of the country’s central bank. In July last year, an official representative of the Bank of Japan ruled out the use of cryptocurrencies of the central bank, because for this the country would need to abandon the use of cash. In addition, in December, the head of the Central Bank Haruhiko Kuroda (Haruhiko Kuroda) said that the country has no demand for state digital currency.

Nevertheless, the Central Bank of the country, apparently, continues to keep abreast. Earlier this week, the central banks of Canada, the United Kingdom, Japan, Sweden and Switzerland, the European Central Bank (ECB) and the Bank for International Settlements (BIS) created a task force to jointly research state digital currencies.

In addition, according to Reuters, Prime Minister Shinzo Abe (Shinzo Abe) said in parliament that the government will work with the Bank of Japan to study digital currencies and ways to improve the effectiveness of the yen as a means of settlement.

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Iranian government issues over 1000 cryptocurrency mining licenses

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The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away.

1,000+ Licenses Granted to Miners

An official with Iran’s ICT Guild Organization, Amir Hossein Saeedi Naeini, has revealed the state of the country’s cryptocurrency mining industry, the Financial Tribune reported Friday. In an interview with Ibena publication, he said that cryptocurrency mining is a new industry but many people have been attracted to it in Iran. Noting that miners need to obtain a license, he shared:

The Ministry of Industry, Mine and Trade has issued more than 1,000 licenses for cryptocurrency mining in the country.

The official further elaborated, “Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economy,” the news outlet detailed.

Major Challenge — Electricity Cost

Amir Hossein Saeedi Naeini believes that the cryptocurrency mining industry has the potential to help the Iranian economy. However, he explained that the cost of electricity is a major challenge for crypto miners in Iran. While “A number of large and industrial farming mines have been set up,” the official told the news outlet:

High electricity tariffs plus stringent regulations have made the sector less appealing for small investors.

He opined, “the operating conditions in this industry should not be such that only large capitalists enter the cryptocurrency mining market but that all miners can operate,” emphasizing that modifying the electricity rates and terms could boost the crypto mining industry and generate more revenue.

Whether you’re a crypto newbie or a crypto pro, you’ll want to check out Knowledge Base, Tools & Resources and Blockchain Finance content. We’re committed to providing education and support for our community. 

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Explore Airlines that Accept Bitcoin Payments.

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Bitcoin’s growing acceptance all over the world, primarily in the tourism industry, has been pushing the airline industry to accept payments in bitcoin. Below is a list of airlines that are allowing clients to pay in virtual currencies:

Destinia.com

Source: Destinia.com

The Spanish travel agency, Destinia.com, is one of the new players which has recently started accepting bitcoins for payment. The company has made an addition of the new payment option through BitPay, which is one of the well-known cryptocurrency-related payment processors. Currently, Destinia.com offers a wide catalog range with over 190,000 hotels available to the customers.

CheapAir.com

In 2013, CheapAir.com was one of the first online travel agencies to accept bitcoin payments. They have now gone a step further and made the announcement that it will be also accepting Litecoin, BCH, and Dash as payment options. This will enable travelers to make payment using these cryptocurrencies while booking for flights and hotels.

airBaltic

Latvian airline airBaltic was one of the first airlines to accept bitcoins as payment from its customers, and offers over 60 destinations located across Europe, Middle East, and Russia.

LOT Polish Airlines

LOT Polish Airlines also accepts bitcoins for payment and it can be used to pay for flights to and from over 60 destinations.

Peach Aviation

Japanese budget airline, Peach Aviation, started accepting Bitcoin in late 2017 for all its discount flights across northern Asia.

Abitsky.com

Abitsky.com, which offers flights across continental Europe, also now accepts payment via bitcoins.

XcelTrip

One more interesting platform for booking hotels & flights is XcelTrip — Next-Gen Blockchain powered Travel Platform which is built to disrupt the trillion-dollar travel industry.

It boasts of features which are set to democratize crypto use-cases. Book with crypto at more than 1.5 million hotels & over 400 airlines, more being added. XcelTrip App is now

downloadable on both iOS and Android devices. It is a crypto-payment enabled solution to help you book various holidays, vacations, hotels and flights booking across the world using Bitcoin,Ethereum, Litecoin, Dash, Verge, KAU, Binance Coin and our very own, utility token XcelToken Plus (XLAB). We are constantly adding new tokens such as Bitcoin Cash, Ripple, Tron and others. What are you waiting for? Book trips using XcelTrip today! User can use their cryptocurrency to travel throughout the world with XcelTrip.

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Blockchain in Supply chain industry and Intellectual property.

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Supply chain

Supply chains are a complex industry. There can be hundreds of stages in global supply chains — cargo ships, trains, warehouses, etc. And a distributed digital registry can be incredibly valuable here.

The blockchain has practical applications in ensuring transparency, contracts, tracking and payments throughout the supply chain. For example, each participant in the supply chain may have access to the details of the previous block and other relevant information.

Big players like Walmart are already using blockchain in their supply chain and are reaping the rewards.

Intellectual property

Theft of original creations and / or ideas is common throughout the world. People constantly use intellectual property for personal and commercial purposes, and the creators are in no hurry to seek legal protection. Why? They will need to provide evidence, such as a patent, trademark, or copyright to a publicly accessible creation, which will take time and money.

Digital registry technology can help protect intellectual property. Thanks to the immutable and safe blockchain system with timestamps, you can record your discovery or creation in the digital registry. This can serve as an ideal proof in case of legal issues.

Thus, the blockchain will prevent digital thieves from cheating and stealing intellectual property.

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ConsenSys will develop a blockchain platform for agribusiness

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Covantis blockchain initiative, launched by global agricultural companies likeCargill, has chosen ConsenSys as its main partner.

According to a press release, as part of the partnership, ConsenSys will develop a platform based on the Ethereum blockchainto digitize post-trade document workflows, as well as to ensure efficiency and cost savings when working with international supply chains in agricultural activities.

The Covantis initiative was formed in October 2018, when the four largest global agricultural holdings joined together to digitize their trading operations using blockchain and Artificial Intelligence technologies.

It is expected that the Covantis platform will be launched this year and ConsenSys will help accelerate the launch of the system. According to a press release, the initial goal of the platform will be to accelerate the processing, as well as the sale and supply of grain and vegetable oil.

“ConsenSys presented preliminary projects that show excellent knowledge of the subject area and experience in using blockchain to translate processes in the trade finance industry. We are confident that this partnership will allow us to build a truly first-class product that provides unrivaled functionality, security and privacy,” said Covantis CEO Stefano Rettore.

The four largest agricultural companies Archer Daniels Midland Company, Bunge, Cargill and Louis Dreyfus, plan to use blockchain technology and artificial intelligence development for global grain sales.

The Ethiopian government also signed a memorandum of understanding with the Cardano cryptocurrency startup. The agreement provides for the use of blockchain technology by Ethiopian developers in the country’s agro-industrial sector.

In addition, the Russian company Direct Pharm launched a blockchain platform of the same name for those who produce grain or other agricultural products and want to sell it.

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Industries that blockchain can revolutionize: Healthcare, Education, Cybersecurity.

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Healthcare

Blockchain can save lives. It may be said loudly, but it really has that potential.

Firstly, the use of blockchain in medical supply chains can prevent the sale of fake drugs. All legal pharmaceutical companies and pharmacies can be registered on a common blockchain with access to their databases. Thanks to the transparency and immutability of the blockchain, fraud can be detected if the numbers do not match.

Blockchain can also save lives in hospitals. If you create a global blockchain with medical data for all patients that will be available to legitimate doctors, this will save lives in emergency cases. Moreover, based on the patient’s history, you can choose the perfect medicine for him.

In addition, health insurance companies can also prevent fraudulent claims.

Education

Online education and distance learning is already a reality, and blockchain can help take the next step.

Thanks to the blockchain, all the data on the education of each person, as well as his achievements and skills, can be made available to institutions and students. These records will be unchangeable, transparent and verifiable, which will allow institutions and organizations to select the right people and weed out impostors.

Moreover, it will help institutes and students in collaboration. In this way, blockchain can help wherever someone needs to be tested. It also promotes learning anywhere in the world.

Cybersecurity

The blockchain offers decentralized storage solutions, which means that it is not stored on any particular server. Although registry blocks are publicly available, advanced cryptography keeps sensitive data safe from hackers.

This concept allows you to protect the Internet of things, private messages, etc. from cyber threats.

As we could see Blockchain is capable of revolutionizing any industry that deals with transactions, data transfer and security. The above are the industries that he can revolutionize in the first place, thanks to such characteristics as immutability, cryptography and decentralization.

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Chinese blockchain companies raised about $ 3.5 billion last year.

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The Chinese investment platform Rhino Data, in collaboration with the pro-government publication Xinhua Finance, presented a report on investments in the blockchain industry in 2019. This is stated on the official website of the company.

How blockchain helps protect copyright and fight piracy.

In this segment, in the Chinese blockchain space, analysts managed to count 245 investment transactions totaling about $ 3.5 billion. Both values ​​fell by about 50% compared to 2018, but turned out to be significantly higher than in 2017. It is expected that the recently taken course by the Chinese leadership on the development of the blockchain will have a positive impact on the results of the current year.

Over time, there has been a decline in investment in projects at an early stage of development — in the total volume of investments, they accounted for 43%. In the second half of the year, strategic investments and acquisitions of third-party companies were more in demand.

The most popular areas for investment were blockchain news resources, market data platforms, exchanges, and decentralized financial services (DeFi). The companies that received the largest volumes of financing included exchanges (Bitfinex, which allegedly raised $ 1 billion through the sale of LEO tokens), representatives of the mining industry (Canaan, which successfully carried out an IPO in the USA) and financial platforms on the blockchain. It is noteworthy that companies outside these sectors are still unlikely to offer a product that would interest investors.

China has recently been trying to introduce blockchain in various fields. Anhui Province of China will use blockchain to optimize business. Authorities announced plans to use new technologies, including blockchain and artificial intelligence, to optimize the business environment and provide public services.

Also, in the Chinese city of Kunming, a car rental machine appeared that authorizes the user by scanning his face. The system is developed on the basis of the blockchain and allows you to quickly rent a car.

And the State Intellectual Property Office of China has revised its leadership and clarified patent examination procedures for new technologies.

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XcelPay’s mission is to make the daunting cryptocurrency market accessible to everyone, accelerate adoption of blockchain technology and democratize ownership of cryptocurrencies.

Uzbekistan will create a national mining pool.

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Uzbekistanannounced the creation of a single national mining pool and the state cryptocurrency exchange.

The National Project Management Agency (NAPM), the government body under the President of Uzbekistan, has unveiled its plans for the development of the digital economy for 2020.

In order to increase the efficiency of electricity use, state control and ensure transparency of crypto mining, NAPM offers miners to consolidate production in a single center. Miners will be offered preferential electricity tariffs and the ability to sell cryptocurrencies on the country’s first licensed cryptocurrency exchange.

According to regulators, the national mining pool and managed crypto-exchange will help to remove Uzbek miners from the shadow economy and make the cryptocurrency market as transparent as possible.

Earlier, Uzbekistan legalized cryptocurrency operations and introduced mandatory licensing of crypto exchanges, which attracted many private miners and crypto enthusiasts to the country. To ensure that energy companies do not incur losses, NAPM decided to increase the tariffs for miners three times.

At the end of last year, the regulator also tightened the rules for cryptocurrency users and limited the trading of crypto assets on its territory, trying to take the crypto industry under full state control.

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XcelPay Wallet is a merchant POS, digital payment wallet and crypto payment gateway. XcelPay Wallet is integrated into an easy to use, crypto wallet that is empowered for both mobile and tablet use, makes sure that transferring and receiving payments in crypto is a secure process. XcelPay Wallet aims to cut out undesirable middlemen, bank/card transaction fees, currency conversion fees that produce a negative effect on the retailer’s and consumer’s margins. The Wallet allows you to top-up mobile phone plans with Ethereum and Bitcoin.

Binance has allocated funds to combat the epidemic of coronavirus.

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Binance has allocated funds to combat the epidemic of coronavirus

The largest cryptographic site, Binance, has led a charity initiative in support of victims of the Chinese coronavirus, which began to spread around the world from Wuhan.

CEO Binance, in a tweet published on January 25, said the company was ready to provide “10 million yuan ($ 1.4 million) to fight coronavirus in China.”

Changpeng Zhao noted that it is not possible to transfer crypto assets directly to victims in Wuhan. Therefore, the company will allocate funds for the purchase of medicines and personal protective equipment.

The Binance team has been working with logistics and e-commerce companies over the past few days to arrange deliveries to a closed city. The company has already placed an order for seventy thousand medical masks, as they are in short supply in the region. The issue of delivery to an infected city is still open.

Other cryptocurrencies have also begun a charity fundraiser to purchase medical supplies for the epicenter of the disease. Blockchain Krypital is creating a donation system in stablecoin Tether (USDT) and Ethereum. The company also attracts volunteers for the purchase of materials, their sorting and transportation.

According to the latest data, hospitals in Wuhan are crowded due to the large number of patients and those who believe that they are sick with coronavirus. Independent videos posted on social media suggest that there is a shortage of medical masks and other protective materials, as well as too few doctors.

Meanwhile, BitGive Foundation, the world’s first non-profit organization powered by blockchain and Bitcoin, recently named Bitcoin as the most charity-friendly currency. Bitcoin has the ability to facilitate remote and private transactions that are not only affordable but also executed in real-time to ensure instant settlements.

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Rapper Akon to build a cryptocurrency town in Africa

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Akon, 45, is building a new futuristic cryptocurrency city in Senegal. Residents of this city will use and pay exclusively for a cryptocurrency called AKoin.

According to an American singer of Senegalese descent, the new cryptocity will be built on 2,000 acres of land and is located near the capital of Senegal, a 5-minute drive from the new international airport.

While the city’s project is still under development, it could take decades to build. The first phase of construction began in March last year, the second is scheduled to begin by 2025.

The life of the city will revolve around a cryptocurrency called AKoin, the launch of which is scheduled for early July this year. Users will be able to buy goods using AKoin directly from their smartphones, which theoretically will stimulate cryptocurrency and financial stability in the urban infrastructure.

Akon admits that he does not delve into the technical details of the project, but focuses more on the big picture.

XcelPay Wallet

If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

Consumers have the flexibility to store, send and receive cryptos from around the world.

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Blockchain can revolutionize Banking and Real estate industries.

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You’ve probably heard aboutblockchain technology through cryptocurrency, but did you know that blockchain technology is expected to revolutionize industries like real estate and banking?

Blockchain is one of the most revolutionary technologies of the last few decades. And it is only getting started. Blockchain is one of the most disruptive technologies in recent times. It seems it is set to disrupt and revolutionize many industries in the next few years.

If the future is truly decentralized, then the blockchain will undoubtedly be at the heart of this future. In the end, the concept and ideas of decentralization were born thanks to the advent of the blockchain.

Banking

Banking (and financial services) is perhaps the priority when it comes to the use of blockchain in established industries. Such concepts as commissions, time spent, bureaucracy, fraud, etc. are traditionally associated with the banking industry. And the blockchain proposes to eliminate these stereotypes.

Fee for transfers, fees for international transactions, exchange rates and the time required for the money to appear on the account of the counterparty are just some of the obstacles that end users do not like. Cryptocurrencies such as Bitcoin are able to eliminate central control in such cases. Thanks to Bitcoin or any other currency of the “decentralized registry for payments”, you can transfer millions of dollars anywhere with a minimum commission and very quickly.

For example, Ashton Kutcher made an instant transaction of almost $ 4 million using Ripple on the air. Other significant parts of the banking industry, such as clearing and settlement, loans and borrowings, trade finance, etc.can also benefit from the use of blockchain.

Real estate

Real estate is probably the most noteworthy asset class that can revolutionize blockchain.

With the help of the blockchain, one can overcome the traditional obstacles in real estate, such as accessibility only for people with high incomes, lack of transparency, lack of liquidity, commissions of realtors and banks, speed of transactions, fraud, etc.

Blockchain is a decentralized and secure sequence of immutable records with timestamps. This means that if someone puts up for sale their proven property, then anyone can find out the details about the owner, that is, fraud is impossible.

Smart contracts eliminate intermediaries such as banks, lawyers, and realtors. And this means a reduction in costs of 3–5%. In addition, the use of blockchain is also accompanied by banking benefits, such as speed and unlimited transactions.

Another advantage of the blockchain for both parties is tokenization. A low-income buyer can own a share in real estate, which means that the seller will receive cash immediately, without waiting for someone to buy the whole property.

Blockchain technologies are poised to transform the real estate industry by drastically reducing fraud, reducing paper waste, minimizing mistakes, increasing transparency, aggregating information, allowing for better and more integrated records of title chain and creating eye-watering profits for the companies that can implement this blockchain metamorphosis.

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How brands in the fashion world can use blockchain technology.

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The fashion industry, like many other retail sectors, is currently considering the countless opportunities provided by blockchain technology to find sustainable solutions for its business. The first edition of the Circular Fashion Summit which took place in Paris, in which industry participants discussed how blockchain can bring the most benefit to the fashion industry.

But what exactly is blockchain technology, you ask? This is a decentralized distributed ledger in which transactions are stored sequentially. In short, it is a technical tool that allows companies to store and transmit information throughout their supply chain — from manufacturers to distributors, with complete transparency and security. In the retail sector, blockchain is often translated into a QR code, which is subsequently assigned to each item of clothing — a code that can track the complete history of the item of clothing.

Thus, each wool yarn could potentially be associated with the name of the alpaca sheep from which it originated.

“One of our guides to sustainable development is the strategy we developed under the name Crafting Tomorrow’s Luxury. Looking to the future until 2025, we set ambitious goals that we want to achieve — the biggest goal is to reduce our environmental profits and losses by 40 percent, ”said Kristin Gulay, senior manager for sustainable innovation at Kering Group. “Having the current programs and strategies that we have, we are confident that we can go 20 percent, but for the remaining 20 percent we really need innovative and technical solutions for this. We also have an ambitious goal — to ensure 100% traceability of our key raw materials to the farm level, ”she added, referring to the growing research and implementation of Kering’s high-end blockchain technology. For its part, Kering’s most significant competitor, the LVMH group, is also currently applying blockchain technology to nearly 60 of its brands and plans to add additional features, such as protecting intellectual property and preventing advertising fraud.

Thus, when it comes to the fashion industry, blockchain can help luxury brands promote and test the ethical manufacturing process from A to Z, while confirming the authenticity and sustainability of their products. In other words, blockchain technology can help ensure supply chain transparency, protect intellectual property, and improve data sharing.

It is likely that luxury conglomerates that have the means to invest in this tool will find it easier to incorporate blockchain into their business and study its effectiveness in the long run. Independent brands — or even fast-growing brands that still have a very complex and opaque, mostly unethical business practice — will be uphill. However, their transition is crucial for the revolution in the global fashion supply chain. Whether the blockchain will allow to lead this change and fulfill its promises is still unknown.

In a market full of fakes, identifying the original is not easy. This is especially true of today’s fashion markets. Join Crypto Community today! Download XcelPay Wallet app and explore all advantages of Blockchain Technology. Bitcoin wallet for Android and IOS is becoming more and more popular. More people have started using XcelPay in different countries. XcelPay Wallet app, now available on IOS and Android app stores.

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How Louis Vuitton, Gucci, and Prada Can Use Blockchain Technology.

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Blockchain seems to be the best solution to get rid of fakes. The use of distributed registry technology in the fashion industry can save genuine brands and designers from the intrusive attention of fake manufacturers. Many projects are now considering the use of technology in the fashion industry to provide transparency, security and authenticity to both designers and end users. One such project harnessing the potential of blockchain technology is Curate.

Curate was created with the intention of providing users with easy access to exclusive and unique fashion products by small and large retailers and designers. This is a decentralized style finder app that rewards users for contributing to the platform with cryptocurrencies such as ETH, BTC and its own CUR8 token.

Brands and retailers such as LV, Zara, Gucci, Prada and Amazon have become partners with Curate to take advantage of the blockchain technology used by the platform. The technology helps brands protect customers from fraud and the risk of buying a fake thanks to the integrated system of remote radio frequency identification (RFID).

Users can verify the authenticity and originality of purchased products by scanning RFID tags attached to the material. You can use the mobile phone’s camera to scan tags and get the history of the material. This unique option not only helps customers buy genuine brands, but also protects the reputation of brands from damage caused by fakes.

The history of the material also helps consumers who are reluctant to buy environmentally friendly clothing. The platform also helps designers, both small and large, gain recognition and fame based on user ratings and votes.

Blockchain has become a savior for both small designers and large brands. He is able to solve the problems of the fashion industry and protect consumers from fakes. Projects integrating blockchain into the fashion industry will be very useful in countries such as India, where counterfeit products account for most of the market.

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Explore new use cases for Blockchain in Electronic Health Records

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Blockchain — the Biggest Breakthrough in Healthcare in 50 Years.

Blockchain technology is typically associated with cryptocurrencies, but it can also be applied to new industries — one of which is the medical field. The technology is being explored as a way to create a shared network of healthcare data, and could hold the key to the future of electronic medical records.

New technology is the future of the healthcare industry. While many types of digital technology have transformed the industry, blockchain is one of the biggest breakthroughs in at least half a century. It will shape the industry in everything from protecting medical records, offering better patient packages and streamlining billing.

That’s what Massachusetts General Hospital is hoping, for instance, with the partnership announced this past month with MediBloc, a Korean blockchain startup. The aim is to pilot new DLT-based storage and exchange mechanisms that complement, rather than supplant, its existing electronic health record.

The hospital plans to “explore potentials of blockchain technology to provide secure solutions for health information exchange,” said Synho Do, director of MGH’s Laboratory of Medical Imaging and Computation.

How Medical Records can be protected?

Blockchain provides a better way to store, share and protect sensitive information. Australia and Estonia are already using blockchain to manage health data as well as broker transactions among healthcare providers, patients and insurers.

To be clear, blockchain likely won’t replace electronic health records. The computational intensity of the encryption only allows a handful of transactions to be completed each second. Most electronic health record systems process thousands of transactions per second.

But blockchain is not meant to be a database; it’s meant to serve as a ledger of data integrity. The technology can be used for proof-of-work, integrity and auditing.

Blockchain can prove that medical records are unmodified and complete. It can also document what procedures were done and when. Ultimately, blockchain can help improve patient care while also reducing medical errors that can lead to medical malpractice lawsuits. Blockchain ensures the integrity of medical records, providing absolute proof that the medical record cannot be changed.

The technology can also record patient consent for sharing information. Parties seeking to exchange medical data about a patient can refer to the blockchain for permission.

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How to make unique present using Bitcoin?

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Souvenir coin

For collectors, you can order a decorative coin, for example, on AliExpress. The coin itself has no value, so you can present it as a comic gift. Another option is to attach a wallet address to the coin, to which you can transfer any amount, and a private key for access. Then transfer any amount from your wallet to the generated address. It remains only to print QR codes for access to the wallet with a gift and stick it on a souvenir coin.

Bitcoin Futures

A way for extremely advanced and wealthy investors. On December 10, 2017, the Chicago exchange Cboe Global Markets for the first time in history began trading futures. Through a broker, you can now buy a contract with a deadline. The obvious disadvantages are the complexity of the purchase and the high cost, since the unit of the contract is one bitcoin.

SMS gift

If you do not want to be wise at all, you can simply send a message to the recipient with congratulations and a request to send his wallet number for transfer. Then it remains only to transfer the necessary number of bitcoins from your account and wait for the words of gratitude.

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Crypto-exposed professional investment French funds.

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New crypto-exposed professional investment funds are arising and they will be based on strategies in the future. If you are a professional investor or an assimilated investor, it could be an interesting topic.

French asset management company Napoleon has launched a new fund linked to the Chicago-based Mercantile Exchange (CME) bitcoin futures calculated in traditional currency.

Napoleon Bitcoin Fund is aimed at large institutional investors, and the minimum contribution in it is 100,000 euros. The tool is promoted by the company as an “ideal” means of diversification and optimization of the risk-return ratio in portfolios.

“The fund is designed to reproduce bitcoin movements through futures of the Chicago Mercantile Exchange, which avoids the need to store and evaluate bitcoin,” the company said.The fund is regulated by the French Financial Markets Authority (AMF). Napoleon President Stefan Ifra said the launch of the fund was “the culmination of negotiations with the regulator and partners regarding the creation of a real alternative for professional investors.”

The French investment firm Financière d’Uzès will act as custodian of the assets of the fund, and PwC’s Big Four consulting company as its auditor.

Currently, only investors in the French market can access the fund, but Napoleon plans to introduce it in other countries in the near future. Next year, she expects to bring additional cryptocurrency derivatives to the market. So, in the first quarter it is planned to launch a bitcoin fund, which will allow you to take only long positions in cryptocurrency.

Earlier on November 5, the Chicago Mercantile Exchange experienced a sharp drop in BTC / USD futures. As noted, quotes closed the gap formed at the end of October (when the next session opens significantly higher or lower than the previous close, — ed.).

Meanwhile, the Central Bank of France proposes to create a blockchain-based settlement system in the Eurozone, in which the euro will mix faster and at lower cost.

Recall that the CME Group is going to add the opportunity to trade bitcoin options on January 13, 2020.

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Uses of blockchain in environmental initiatives in Spain.

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The Correos agreement is not the only new initiative to use blockchain to mitigate corporations environmental impact. Other Spanish companies such as energy start-up Greenb2e also have tokenization projects for the use of renewable energy. In particular, this project seeks to promote ecological practices for companies.

Another Spanish project launched December this year has the backing of Spain’s largest department store chainEl Corte Inglés, in partnership with the Energías de Portugal (EDP) group. Through this project, both entities will certify the use of renewable energy in El Corte Inglés stores, starting with a pilot in the towns of Malaga, Seville, and Cádiz.

This is also not Spain’s only pledge to incorporate emerging technology into its infrastructure. In July 2018, more than 130 deputies of Spain’s Popular Party drafted a bill proposing the implementation of blockchain technology to make government administration more transparent and efficient.

The post Spanish postal service Correos will offset CO2 emissions with blockchain appeared first on Coin Rivet.

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How to give Bitcoin as a present?

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The majority of the world’s population learned what bitcoin is. And this amazing cryptocurrency has become extremely popular. The Internet is full of instructions for buying and getting started with cryptocurrency. And we, together with the team of CupoNation online code service, tell us how to give Bitcoin as a present.

Why bitcoin?

What is bitcoin, where is it taken and what can be done with it? Where can I get bitcoin and how can I use it?

Firstly, the gift will definitely be remembered for a long time. Most likely, your friends or relatives will receive cryptocurrency for the first time on New Year. So, this is a great gift for those who “already have everything.”

Secondly, bitcoin is not only an unusual gift, but also a profitable investment. According to RBC, the first Bitcoin billionaire Cameron Winklevoss predicts cryptocurrency 20-fold growth in the future.

Thirdly, you yourself can determine the value of the gift. We share bitcoin and do not have to spend thousands of dollars to buy.

For example, you can give a beautiful amount of bitcoins with the symbol of the coming year: 0.2020, 0.02021, and so on, depending on your budget. You can also choose the date of birth of the recipient of the gift or a memorable event — the choice is yours. Next, we will tell you how to present Bitcoin as a gift.

Gift Certificate

One of the easiest and most beautiful ways to donate bitcoin using services such as bit4coin. All that is needed is to choose the face value of the certificate certificate of 25, 50 or 100 euros and fill out all the fields of the application. After payment is made, a gift certificate will be sent to the specified address. The recipient can easily exchange the certificate for bitcoins at the rate on the date of exchange

Paper wallet

This method is one of the safest since the wallet is literally printed on paper. You can create an empty wallet and replenish it with any amount you want to donate. After generating the Bitcoin address, you can choose the design of the picture on which the address and access key to the wallet will be printed. On the back of the postcard there is an instruction for using bitcoin. Then it remains only to print the picture, put it according to the instructions, write congratulations, and the gift is ready!

Gadget wallet

There are a number of special USB wallets, the most famous of which are TREZOR andLEDGER Nano S. Both devices can be bought on the manufacturers’ official websites. It is necessary to install official software on the gadget in order to create a bitcoin wallet, set a PIN code and configure seeds (a set of words to restore access if the device is broken or lost). You can transfer any gift amount to the generated address of the bitcoin wallet. Next, beautifully pack the gadget and do not forget to tell the recipient a pin code and seeds. Access to the wallet is possible only with a physical device, so this method is great for sending and receiving bitcoins safely.

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SEC approved the launch of an investment Bitcoin fund

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The US Securities and Exchange Commission(SEC) has issued permission to launch an investment fund for bitcoin, which will be managed by Stone Ridge.

SEC Reviewing Bitwise ETF Application Again.

The new fund will invest exclusively in bitcoin futures, calculated in fiat currency, which will solve regulatory issues regarding market manipulations. According to the application, the fund is suitable for institutional investors with long-term plans and is “closed-type non-diversified investment company”.

The shares of the fund will not be placed on any exchanges, and only institutional investors will have access to them. Moreover, shares cannot be sold or bought on a daily basis, however, periodically, investors will be able to sell part of their shares back to the fund. The value of the shares will be $ 10 apiece.

As noted by the director of the SEC Investment Management Division Dalia Blass, the fund is distinguished by the fact that futures are calculated in fiat currency, which reduces the risks of manipulation. In addition, the inability to trade stocks on a daily basis provides protection against a lack of liquidity, so the value of stocks will be fairly stable.

Earlier, New York Digital Investment Group (NYDIG) received permission from the SEC to launch a fund focused on bitcoin futures and institutional customer service.

SEC also allowed the startup Ember Fund to arrange a “sale” of shares.

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XcelPay Payment Gateway

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Napoleon Bitcoin Fund

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With enough locations accepting crypto and with a way for the merchant to easily exchange it into the local currency, customers can use crypto as an alternative which enables them to preserve the value of their financial assets. In this, crypto can provide one more option that can make difficult conditions a bit easier. It enables people to help out one another, and this is what crypto should be all about.

Napoleon AM: a unique regulated Asset Manager crypto focused. Napoleon Asset Management (NAPOLEON AM) is an asset manager, regulated in France by the AMF. First of all, it specializes in quantitative investment strategies applied to underlying assets exposed to crypto assets, among which Bitcoin and Ethereum.

Napoleon AM Crypto Investment Funds

“Napoleon Bitcoin Fund” is a French regulated fund giving a crypto exposure. It is a FPS (“Fonds Professionel Spécialisé” or specialized professional funds) reserved to professional investors and assimilated investors (investors ready to invest more than 100k €). It gives access to Bitcoin performance through synthetic replication and a daily liquidity. As a FPS, it is not authorized by the AMF. Indeed, in the case of specialized professional funds, operating rules are laid down in the prospectus. But, if you are a professional investor, you can ask for its prospectus, its rules, its KIID or more details by asking here.

XcelPay Wallet

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The Spanish public postal service Correos y Telégrafos de España will start using the Climate Trade blockchain platform.

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Spanish port uses IBM and Maersk blockchain platform. Thanks to a close partnership with Acciona, Correos will use carbon credits from projects hosted on the platform to offset CO2 emissions. A statement was made during the COP25 World Climate Summit in Madrid.

Startup Climate Blockchain Initiatives has developed the Valencia-based Climate Trade platform to offset CO2 emissions through environmental projects that sell their carbon credits directly to polluting companies. Acciona will provide carbon credits to Acciona Energy and the Spanish postal service.

The platform is based on a decentralized distributed registry that eliminates the need for third-party transaction management, making them cheaper, faster, and more transparent. Previously, such transactions required double counting.

Earlier, the Swiss post together with the state-owned company Swisscom set about creating a blockchain platform for digitizing business processes.

Also, U.S. Post UPS will launch a blockchain supply tracking platform. Using the platform, sellers will be able to download detailed product information, distribute orders, track product returns, process payments, and analyze sales and market conditions.

At the same time, the largest stock exchange Bolsa de Madrid decided to introduce blockchain in Spain. Testing the system showed “a reduction in the total execution time of all processes by more than 80%.”

Spain’s Correos will offset its carbon emissions through ClimateTrade

With the World Climate Summit in Madrid in full swing, member nations are stepping up their pledges to offset their carbon footprints.

However, with more than half the population of Spain breathing in polluted air, this Mediterranean country is hardly at the forefront of fighting climate change. Spain’s Correos will offset its carbon emissions through ClimateTrade.

Correos y Telégrafos de España State Society, commonly known as Correos, announced during the Summit that it will use a blockchain to offset its carbon footprint created by its shipping and postal services.

The move came about thanks to an agreement between Correos and the Climate Blockchain Initiative, creator of ClimateTrade. ClimateTrade is a blockchain that issues the Climate Coin token to compensate its clients ’carbon footprint. The tokens generated by Correos will go to Acciona, a Spanish environmental company that manages multiple carbon dioxide (CO2) emission reduction projects.

How does the ClimateTrade blockchain work?

Through ClimateTrade, environmental mitigation projects register and sell their credits to polluting companies to offset their carbon emissions.

This means that every time a company sends any merchandise or packaging through Correos, the national postal service compensates it with contributions to environmental projects registered in the ClimateTrade blockchain.

Francisco Benedito, CEO of ClimateTrade, stated that among the advantages of using a blockchain for this type of initiative is the ability to track the funds with greater transparency.

He added that prior to the introduction of blockchain tech, previously used carbon credits “could be resold”. This meant that projects combating climate change often did not receive the necessary funds and new initiatives were cut. Blockchain technology provides the guarantee that funds are correctly channelled into the right projects.

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ICC will reduce harmful emissions using blockchain

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The International Chamber of Commerce (ICC), in partnership with blockchain companies Perlin and AirCarbon, will work to reduce carbon emissions in commercial aviation.

Tokens help reduce greenhouse gas emissions.

ICC said the partnership will provide $ 40 billion for climate projects in the aviation industry. The organizations decided to launch the scheme at the United Nations Climate Change Conference in Madrid.

“We strive to ensure that all large companies deal with climate issues, supporting research, development and implementation of solutions based on digital technologies. As part of the partnership, technological capabilities will be used to accelerate innovation in reducing carbon emissions,” said ICC Secretary General John W.H. Denton (John W.H. Denton).

ICC will help spread AirCarbon’s carbon credits solution. The solution is a blockchain-based trading network for the Carbon Compensation and Reduction System for International Aviation (CORSIA).

Earlier, ICC undertook to modernize the supply chain processes for member companies, making them more traceable and transparent, also implementing the Perlin blockchain.

In the summer, Binance hosted the Perlin Network IEO project.

Perlin used $ 330 million in BNB tokens to participate in the IEO project. Perlin managed to beat all previous records of the Binance Launchpad on the total assets of BNB.

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Hardware wallet maker Ledger announced that it will add support for the Tezos cryptocurrency (XTZ)

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Hardware wallet maker Ledger announced that it will add support for the Tezos cryptocurrency (XTZ) and the possibility of staking it into the Ledger Live app. This was reported on the Ledger website.

Ledger

Ledger Live is used by Ledger wallet owners to manage cryptocurrency assets and allows you to check your account balance, as well as send and receive tokens without having to disclose private keys.

“Ledger aims to combine security with impeccable experience. The Tezos announcement of support is part of this mission. Ledger Live simplifies the use of cryptocurrencies, while Ledger hardware wallets provide a high level of security. Ledger Live users can now create and import Tezos accounts, stake in XTZ and passively earn rewards,” said Pascal Gautier, Ledger CEO.

A little later, Ledger released a new version of its desktop application Ledger Live. In Ledger Live 1.9.1, the following interface languages ​​became available to users: Russian, French, Spanish, Korean, Chinese, and Japanese.

In turn, the American payment startup Uphold announced plans to implement the Ledger Vault custodian solution developed by Ledger.

Recall, Tezos Southeast Asia (TSA) announced a strategic partnership with Singapore-based blockchain accelerator Tribe Accelerator to launch a joint training program.

Use our XcelPay Wallet in order to see all advantages of Blockchain Technologies!

XcelPay Wallet is a merchant POS, digital payment wallet and crypto payment gateway which is integrated into an easy to use crypto wallet that is empowered for both mobile and tablet use, makes sure that transferring and receiving payments in crypto is a secure process. XcelPay Wallet aims to cut out undesirable middlemen, bank/card transaction fees, currency conversion fees that produce a negative effect on the retailer’s and consumer’s margins. The Wallet allows you to top-up mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum and Bitcoin and other Cryptocurrencies.

Japanese energy company uses blockchain to improve trade

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The Japanese energy companyKansai Electric Power will begin testing a blockchain-based system for trading renewable energy with the participation of the Australian cryptocurrency firm Power Ledger.

The Ministry of Economy, Trade and Industry of Japan decided to continue the sale of certificates for non-fossil fuels (NFV), which indicate the amount of energy received from renewable sources.

NFVs allow you to check which power plants contribute to the preservation of the environment and the development of environmentally friendly industries, along with the usual certificates confirming the generation of electricity using renewable energy sources (REC).

In this way, Kansai Electric Power will use the Power Ledger platform to track, trade and calculate the energy generated by solar systems.

The blockchain will allow you to track certificates throughout their validity period, reducing the likelihood of their reuse. In addition, energy producers can sell its surplus on the platform, and consumers can purchase green energy at a low price.

In addition, Kansai Electric Power customers will be able to present a certificate in the event of claims from the non-profit organizations Climate Group and the Carbon Disclosure Project (CDP) leading the RE100 environmental initiative. Earlier, the Australian company Power Ledger (POWR), engaged in the development of energy trading software and distributed ledger (DLT), announced the first blockchain-based p2p block testing.

Power Ledger later partnered with Powerclub, an energy trading company, to deploy its technology inSouth Australia.

The Indian state of Uttar Pradesh will also begin testing a solar energy trading project with Power Ledger.

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If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

Consumers have the flexibility to store, send and receive cryptos from around the world.

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SolarisBank Launches Custodial Cryptocurrency Platform

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German FinTech banking provider, solarisBank, today announced the launch of a new custodial platform for digital assets. As with the company’s digital banking products, the platform is API-accessible, and integrates into its partner’s own websites and apps.

FULLY LICENSED DIGITAL ASSET SOLUTION

The new platform is run as a subsidiary of solarisBank, called solaris Digital Assets GmbH. However the custodial solution integrates fully with the rest of the solarisBank digital banking suite. SolarisBank is fully licensed and regulated in the German market, and the API-accessible nature of its platform means that partner companies can benefit from this when creating their own solutions.

Essentially, partners can concentrate on building web and app-based front-ends which connect to the solaris APIs behind the scenes. Thereby they can remain secure and complaint, without having to design, build, and license their own custodial solutions.

BALANCING SECURITY AND ACCESSIBILITY

Of course the eternal balancing act for digital asset custodial solutions is that of security against accessibility. Solaris addresses this by storing private keys on a distributed cluster of hardware security modules, connected to a digital bookkeeping system.

It claims that this keeps assets out of the reach of malicious agents but instantly accessible to end users. Any asset-transfer initiates a multi-validation process, and a compliance engine also monitors transactions for suspicious activity. Solaris hopes that this API-accessible custody solution spurs digital asset adoption amongst the wider general public.

LEADING EUROPE’S DIGITAL BANKING CHARGE

SolarisBank has been instrumental in driving digital asset infrastructure in Europe. In September it partnered with theStuttgart stock exchange to provide fully regulated trading of bitcoin, ether, XRP and Litecoin.

Earlier this year, it also enabled crypto-banking service, Bitwala, to offer fully fledged crypto bank accounts and debit cards, through its digital banking API. It also powered Bitbond’s first regulated security token offering (STO) in the German market.

SolarisBank, a Berlin-based fintech company, has announced the launch of a custodial platform for digital assets. The service is accessible through the API and integrate into websites, as well as into the applications of the company’s partners.

German banks may be allowed to trade bitcoins

According to a statement, the new platform is managed by a subsidiary of Solaris Digital Assets GmbH. Moreover, the solution is fully integrated with other banking services for SolarisBank’s digital assets. Note that the company is fully licensed and regulated in the German market.

According to SolarisBank, thanks to the new platform, the company’s partners will be able to focus on creating web interfaces and applications that connect to the Solaris API. They will be able to use the custodial solution without endangering their operations and without spending money on developing their own custodial services.

SolarisBank provides security for the custodial platform by storing private keys in a distributed cluster of hardware security modules connected to a digital accounting system.

The company claims that this makes assets inaccessible to third-party malicious manipulations and provides instant access to them for end users. Any transfer of assets initiates a multiple audit process, and a regulatory compliance mechanism monitors transactions for suspicious activity.

Previously, SolarisBank offered its services to crypto companies. Blockchain cryptocurrency and technology companies from the European Economic Area (EEA) can now conduct business through a fully licensed bank.

Note that German banks were allowed to trade cryptocurrencies. The corresponding bill was officially adopted by the German Parliament on Friday, November 29, and will enter into force on January 1, 2020.

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French Central Bank Pushes for Adoption of Blockchain

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Bank of France announced plans to test digital currencies in 2020. According to François Villeroy, Governor of the Bank of France, they are looking forward to begin experiments and to cast a call for projects by the end of March in 2020.

The French Central Bank is pushing for the adoption of the blockchain and distributed ledger technologies (DLT)-based solutions and tokenization to facilitate fast and safe cross-border payment. According to the bank’s first deputy governor Denis Beau, the EU needs to leverage the existing technologies with the blockchain to move euros quickly.

Speaking on Nov 21 during the AFME Annual Capital Markets Technology and Innovation Conference, Beu pointed out that France is considering testing a central bank digital currency (CBDC). He noted that the eurozone should give a CBDC a chance to avoid the existence of disorderly approaches.

Why the EU Should Give Blockchain a Shot?

He noted that DLT would be a viable solution for cross border transactions since current systems compel residents of the EU to wait for long before transactions can go through.

The official, however, pointed out that adopting new technologies is not a ride in the park since there are several challenges to expect. In modalities of settlement, he noted that disorderly approaches and heterogeneous adaptations of market infrastructures are a possible challenge.

France on the Forefront of Blockchain Adoption

Across the EU zone, the French central bank has been at the forefront of advocating for DLT. In October, the institution launched a search for a blockchain analyst to help in designing a digital currency implementation program. Additionally, it was the first bank to set up a blockchain registry system.

Previously, Beu is on record calling for a global approach when it comes to cryptocurrency regulations. He urged central banks to consider the idea of experimenting with their digital assets.

Annual conferences have been taking place across the globe in Singapore, Los Angeles, and in Europe to discuss blockchain technology and cryptocurrency. A key topic on everyone’s agenda seems to be mass adoption.

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How to give Bitcoin for the New Year: ideas for an original gift

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New Year’s holidays — this is the time to surprise family people. If you don’t know how, then XcelPay Wallet recommends giving you the most discussed Bitcoin cryptocurrency in the world. Well, what else would we advise?

We bet that the question arose in your head: “How to do this if the cryptocurrency does not have a physical image?” Here we are also prepared, therefore, catch three ways to give Bitcoin on New Year 2020, which no one else knows about.

Gift preparation

Preparing Bitcoin for delivery is the same in three ways.

Any gift looks interesting in a festive package. We will also pack Bitcoin, but the carrier will be the only colorful wrapping paper. It is in it, and more precisely on it, that we will present BTC or a part of it.

If the person to whom you are going to give such an unusual gift has a digital wallet, then everything is easy — just transfer money to it. But if it is not there, then you will need to start it. How to do this, we describe in the ways. Well, let’s get started.

Method number 1: Bitcoin on a piece of paper

To implement this method, the Bitcoin Paper Wallet service will help, which is just the same for creating a paper wallet. You can create a wallet layout on your own resource: choose the style and language in which the information will be written. You can decorate a paper wallet, but not necessarily, with holographic stickers.After a little creativity, the resulting image must be printed on a printer. Note that you must print so that the image is on both sides of the paper. “Go” to the exchange to buy BTC and immediately transfer them to the wallet, the address of which we recommend to copy first.

Method number 2: Bitcoin on a flash drive

First of all, to implement this method, you need to buy a flash drive for storing bitcoins. Pay attention to bitcoin flash drives, such as: Trezor, Ledger Nano S or Digital Bitbox.

A flash drive can be packaged to your taste, for example in a small beautiful box. And do not forget to add a small note in which the password for the wallet will be indicated.

Method number 3: Bitcoin on the phone

In fact, absolutely any device with the Android, iOS, BlackBerry or Windows operating system is suitable for storing Bitcoin and other cryptocurrencies.

Buy a smartphone. It’s very good if you know which mobile device the close one wants.

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Nike patented the sneaker tokenization mechanism.

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Nike, an American sports shoes and apparel company, has patented the mechanism for representing sneakers as non-interchangeable (NFT) tokens on the Ethereum blockchain.

A patent issued by Nike describes the CryptoKicks digital asset, in the form of an ERC721 or ERC1155 token, which can be used to authenticate a company’s products.

The token is “unlocked” at the time of purchase of the sneakers by matching the 10-digit identification code with the owner’s identification code.

“Future and current owners can buy and sell digital assets through one or more blockchain registries in a decentralized computing system. For example, a user may purchase a new pair of sought-after sneakers from a verified vendor who can provide a confirmation record. Having received a box with the sneakers purchased, the user will scan the barcode through the application on his smartphone, ”the document says.

The invented Nike system is also proposed to be used to account for the total number of running shoes on the market. In case of sale, a digital token can be transferred to the new owner along with the shoes.

“Using a digital asset, a buyer can safely transfer and sell a material pair of shoes, store digital shoes in a cryptocurrency wallet or other digital container on the blockchain,“ cross ”digital shoes with other digital shoes, obtaining“ offspring ”. On the basis of the rules acceptable to the manufacturer, he can get a new pair of shoes in material form, made to order, ”the message says.

“When a consumer buys a genuine pair of shoes a digital representation of a show may be generated, linked with the consumer, and assigned a cryptographic token, where the digital shoe and cryptographic token collectively represent a ‘CryptoKick,’” the patent reads.

When sneakers are sold to someone else, ownership can be transferred by trading both real shoe and/or associated digital assets. These digital assets can be stored in what’s being called a “Digital Locker,” a cryptocurrency wallet type app.

But there’s more. It seems someone at Nike has been playing CryptoKitties, as owners of “CryptoKicks” will be able to “intermingle or breed the digital shoe with another digital shoe to create ‘shoe offspring’ and have the offspring made as a new, tangible pair of shoes.”

The original patent application was filed back in April so some of these details won’t come as a surprise to some.

Nike previously registered the Cryptokicks trademark in the United States as part of its “wide range of blockchain-related services.”

In turn, the AI ​​created its own version of advertising for Nike. French advertiser Jean-Baptiste Le Divelek created a neural network and trained it on Nike ad campaigns in recent years.

The legendary boxer Mike Tyson decided to create a blockchain platform for athletes. The platform will use blockchain technology to create conditions that will help fighters in their quest to achieve success.

XcelPay Wallet

If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

Consumers have the flexibility to store, send and receive cryptos from around the world.

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It is a secure blockchain wallet offering users total peace of mind. Popular ways to spend cryptocurrency in different countries is using XcelPay Wallet. It provides security for your cryptos assets and your transactions. Bitcoin wallet for Android and IOS is becoming more and more popular. More people have started using XcelPay in different countries. XcelPay Wallet app, now available on IOS and Android app stores.

Crypto friendly Countries

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Countries with positive regulation of cryptocurrencies — this category can conditionally include all countries in which state authorities have already begun active work to determine the legal status of cryptocurrencies, or have already successfully completed such work.

Switzerland

Source: Unsplash.com

The Swiss Financial Market Oversight Office (FINMA) is at the forefront when it comes to clarity related to crypto regulation and ICO support. Mark Bernegger, a finance expert in Switzerland, as well as a cryptocurrency entrepreneur and adviser to Swiss RealCoin, claims that the country has traditionally been a haven for funds.

This is partly due to more open laws in the finance industry and a sustainable culture that guarantees confidentiality to customers of Swiss banks. Bernegger notes that Switzerland has “thought” about cryptocurrencies as part of overall money management and is “preparing for a changing economy.”

The area around the city of Zug in north-central Switzerland has become known as the “Crypto Valley” since the Ethereum ICO was organized there in 2014. The region has one of the most active ecosystems for cryptocurrency entrepreneurs, developers and investors.

Swiss Minister of Economics announced his desire to turn Switzerland into Kryptonation, and an already active ecosystem is now growing beyond its borders, while several companies and government agencies across the country are working on conceptual ones, and an economic zone for blockchain has recently opened in Zurich projects.

Israel

Source: Unsplash.com

Discussions are ongoing in Israel regarding digital currencies as lawmakers seek ways to protect investors. Although the Israeli banking system does not particularly contribute to the development of a bitcoin-oriented business. A local miner sued Igud Bank, the country’s sixth largest bank, after it suspended the transfer of funds from exchanges. Leumi Bank, the country’s second largest lender, tried to stop the activities of local exchanges, but the district courts, as well as the country’s Supreme Court, intervened. This is certainly a major victory for the local cryptocurrency industry.

In addition, recent reports indicate that the country’s central bank, the Bank of Israel, has been considering introducing a digital state currency for several months. According to the Jerusalem Post, “a digital shekel will record every transaction on a mobile phone and make tax evasion more difficult. The digital shekel, if it is destined to appear, will be identical in value to the physical currency.

On the technological front, startup culture in Israel is ahead of the general market. Roy Meir, co-founder and vice president of business development at WeMark, notes that blockchain technology is in demand by many of the approximately 300 multinational research centers operating in Israel.

He claims that a small Middle Eastern country, often referred to as a “startup country,” is quickly becoming the center of development for blockchain technology.

“Scientists and engineers, many of whom are former employees of the country’s elite intelligence units, support the demand for technology, complemented by an ever-growing number of startups and a favorable ecosystem.”

Germany

Source: Unsplash.com

The capital of Germany, Berlin, is perhaps one of the most cryptocurrency-friendly cities in the European Union. It was named the capital of bitcoin in 2013 by the British Guardian and continues to occupy this position. Currently, using Bitcoin, you can buy an apartment in the city, book a vacation, eat and drink in various trendy local restaurants.

Thomas Schouten, a leading marketing specialist for the Lisk blockchain platform, notes that the company works with contractors in Berlin with headquarters in Switzerland. According to him, Berlin offers a good environment for startups with wide opportunities for attracting employees and a vibrant culture. In addition, the Germans, like their government, are without prejudice to the blockchain.

This is underlined by the fact that Germany became the first country to accept bitcoin as a currency in 2014. Similarly, board members of the central bank of Germany called for the efficient and proper regulation of cryptocurrency markets. Joachim Warmiling noted the need for international cooperation on this issue.

Thus, effective regulation of virtual currencies will be achieved only thanks to the maximum possible international cooperation, since the regulatory power of individual states is clearly limited.

To this end, various officials of the central bank of Germany participated in the discussion of development opportunities for the sector throughout the region, including through the creation of a European partnership in the field of blockchain technologies.

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XcelPay Wallet is the best Crypto Wallet!

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Don’t wait too long, join the Crypto Community today, use Crypto Currency with XcelPay Wallet! XcelPay Wallet is a merchant POS, digital payment wallet and crypto payment gateway. With XcelPay, cryptocurrency account users can make payments across the globe by using several cryptocurrencies. For instance, XcelPay can be used to make or receive payment in XcelToken Plus, Bitcoin, Ethereum, and many other ERC20 tokens.

You can use XcelPay Wallet and enjoy the advantage — top-up your local mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum and Bitcoin. Our XcelPay Wallet is integrated into an easy to use, crypto wallet that is empowered for both mobile and tablet use, makes sure that transferring and receiving payments in crypto is a secure process. XcelPay Wallet aims to cut out undesirable middlemen, bank/card transaction fees, currency conversion fees that produce a negative effect on the retailer’s and consumer’s margins.

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds.

In the past few years, Bitcoin has been gaining popularity with investors and retailers alike. The original cryptocurrency might be a great store of value, but it can (and should) also be used in a multitude of places to purchase goods and services. The fundamental use case of Bitcoin is to be able to transfer money in a totally transparent and censorship-resistant way. And companies that accept Bitcoin know this.

Businesses and individuals have been searching for a universal currency that allows fast transfers with negligible fees. Bitcoin has been the answer to these problems, as its increasing value over time has been appreciated by businesses and individuals alike.

This is why the number of companies that accept Bitcoin as payment has been steadily increasing throughout the years.

Which Websites Accept Bitcoin for Payment in 2019?

Fast forward almost nine years and bitcoin is now accepted by dozens of companies and retailers across the globe. Some companies have temporarily accepted bitcoin in the past, (anyone remember KFC Canada’s infamous Bitcoin Bucket?), while others are still accepting bitcoin as payment to this day. More businesses and merchants are adding bitcoin as an accepted payment method all the time. So, who is accepting bitcoin as payment in 2019? Let’s find out. Here is our definitive list of companies/organizations that accept bitcoin for payment in 2019: Charities and nonprofits, Computer and gaming, Dating, Education, Food, Financial services, General shopping and retailers, News and information sites, Political organizations, Sports and Travel.

The Lithuanian marathon uses cryptocurrencies to reward its runners.

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More than 15,000 runners ran through the streets of the capital of Lithuania. Four thousand of these runners used the Lympo Run blockchain application to track their race, and earned on this cryptocurrency.

The creators of the Lympo Run fitness app has partnered with the organizers of the marathon in Vilnius, sponsoring a sporting event and offering runners an app to earn cryptocurrencies.

The founder and head of the company, Ada Jonushe, wrote about this startup on his Medium blog:

“It is very inspiring when you see that people like the application and they receive rewards for achieving goals. We still have many tasks ahead, but it was really a great start and a major milestone in the history of Lympo.”

Lympo has set itself the goal of creating a three-component ecosystem: users will be able to track their workouts, receive currency — LYM tokens as a reward for achieving sports goals;

Tokens can be spent on the purchase of goods and services on the Lympo trading platform;

The collected performance data is used to improve related services.

Similar business models exist in the world that seek to combine fitness tracking and crypto world. These are SweatCoin, Fitcoin and FitBlox. Lympo will face a tough battle for consumers, the most influential athlete according to Forbes, tennis player Caroline Wozniacki, has become the “international ambassador” of Lympo blockchain startup

LH-CRYPTO launches a crypto broker and runs a marathon!

In the near future, LH-CRYPTO, which successfully completed the ICO in January 2018 and raised more than $ 10 million dollars, is launching a crypto broker platform. The launch of the platform is waiting not only for project investors, but also for private traders who understand that brokers offer a wider and more convenient set of trading tools than cryptocurrency exchanges. In its social networks, the project retains the intrigue before launch, promising investors something very interesting!

One of the main advantages of a crypto broker is that it allows traders to earn on changing the rate of cryptocurrencies. It doesn’t matter whether the price of a coin is rubbed or falls, the main thing is that it is in motion! An asset rises in price — a trader takes long positions, becomes cheaper — shorts.

In addition, the broker allows the trader to make operations on the exchange at the expense of credit funds provided to the trader by the broker under the guarantee of a certain deposit.

But even such a convenient exchange trading tool can be useless if you do not follow simple but very important rules. Moreover, a good trader never works with just one asset.

Cryptocurrencies are sinking — we are switching to fiat, fiat in the sideways — we are going to the stock market. But the most important thing is the understanding that the success of a trader depends not only on what he does, but where. People who know how to count money will never get in touch with sites that hang in the most interesting place or from which someone can steal something.

But it’s one thing when a broker replenishes its arsenal with crypto tools so as not to fall out a trend, and quite another, when the broker initially specialized in crypto trading, opening for the crypto trader all currently known as from one crypto account. Agree, this is a fundamentally different approach. The first such broker will be LH-CRYPTO, and before launching the broker, the company, together with the TRADEGURU project, is conducting a training marathon!

Source:  DELFI.EN

The marathon is free for everyone. This event will bring many benefits to beginners and provide some valuable knowledge about new tools to already experienced professionals, because this is not just an opportunity to try the broker’s functionality — during the marathon, all its participants will be able to get advice from leading traders, and in the final, the gurus will help participants to sort out the most popular mistakes.

Cryptocurrency is worldwide and it’s up to you whether you accept this fact or not, but choose your best Cryptocurrency Wallet today! — Download XcelPay Wallet and explore XcelPay Merchant POSand XcelPay Payment Gateway. XcelPay Wallet it is a secure blockchain wallet offering users total peace of mind. Popular ways to spend cryptocurrency in different countries is using XcelPay Wallet. It provides security for your cryptos assets and your transactions. Bitcoin wallet for Android and IOS is becoming more and more popular. More people have started using XcelPay in different countries. XcelPay Wallet app, now available on IOS and Android app stores. Try it today! XcelPay Wallet is an easy to use payment solution that provides security for your cryptos assets and your transactions. You can download the latest version of XcelPay Wallet 2.0.28 with new interactive UI and wallet recovery with ETH private key.

Five ways in which crypto can help high-inflation countries.

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1. Crypto as an alternative to banking

Some high-inflation countries have a low percentage of banked population, but a significant mobile phone spread. In these countries, mobile phones are effective substitutes for computers and one’s phone can also become one’s bank. Crypto could act as an alternative and complement to the banking system, which is often slow and limited. P2P crypto transfers are a lot faster, cheaper and can take place without intermediaries.

2. Crypto as a donation

In times of crises, people from other countries are often ready to help, but access to material or financial help from abroad can be difficult as the banking and other systems take time and do not function properly. With crypto, access to donations is a lot faster. Furthermore, aid and donations are entering a new era with the transparency of blockchain.

3. Crypto as a remittance

Sending money abroad by family and friends to those living in high-inflation and poor countries is one of the most important ways of helping out their economies. Indeed, many people choose to leave their countries of origin to work abroad and help those back home. However, receiving this help is difficult as locations where the funds can be collected are often remote and scarce. With a mobile phone network, however, these things become much simpler, especially if an infrastructure is put in place where people can also spend the crypto funds received.

4. Crypto as an alternative for merchants

One of the factors that has impeded the use of crypto everywhere in the world is the lack of physical (offline) locations where people could spend it. Mobile phones make receiving easy, but there should be a lot more effort made to enable offline shops and service providers to accept crypto. Crypto is associated with complex technology, but over the last few years, solutions have appeared both for the user (buyer) and the merchant sides. Elipay, for instance, offers simple integration into a store’s POS through ERP providers, Elipay web POS or online store POS. In this, increasing the number of crypto-friendly offline locations will represent an extremely important part of our work.

5. Crypto as an alternative payment for customers

With enough locations accepting crypto and with a way for the merchant to easily exchange it into the local currency, customers can use crypto as an alternative which enables them to preserve the value of their financial assets. In this, crypto can provide one more option that can make difficult conditions a bit easier. It enables people to help out one another, and this is what crypto should be all about.

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Countries creating a favorable ecosystem for cryptocurrencies.

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Countries with positive regulation of cryptocurrencies — this category can conditionally include all countries in which state authorities have already begun active work to determine the legal status of cryptocurrencies, or have already successfully completed such work.

Blockchain is a distributed database that stores information about all transactions of system participants in the form of a “block chain”. Access to the registry is available to all users of the blockchain, acting as a collective notary, which confirms the truth of the information in the database. Blockchain can be used for financial transactions, user identification, the creation of cybersecurity technologies, etc.

A crypto wallet is the first step to using bitcoins or crypto. When you are travelling, do not forget to replenish your mobile tariff plan on XcelPay Wallet

XcelPay Wallet allows you to top-up mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum and Bitcoin

Regardless of the fundamental features of cryptocurrency technology, such as Bitcoin, Ethereum, Ripple, Cardano or EOS, digital currencies cannot be stopped by state borders. You can mine them anywhere and trade them around the world.

However, not all countries are equally friendly towards a growing asset class. Some states offer favorable taxation for cryptocurrency companies, while others introduce relatively simple rules.

Some of them encourage digital currencies as an alternative to money, and some even consider launching their own altcoins. In some countries, there are many initiatives aimed at developing business in the field of cryptocurrency systems and innovations in the field of blockchain.

The following are seven countries building cryptocurrency-friendly systems. We do not advertise any of these countries. But the level of effort that these regional centers are making is noteworthy. The next breakthrough in this sector is likely to occur as a result of entrepreneurial activity in one of these countries.

Japan

Among Asian countries, Japan seems to have decided to become a leader in supporting digital currencies. It is certainly ahead of China, known for its restrictive policies, which over the past few years has strengthened the regulation of both ICOs and cryptocurrency exchange trading.

The alias of the Bitcoin developer (or development team) is Satoshi Nakamoto, and perhaps Japan will be in the forefront of building a digital asset-friendly system.

The association, called the ICO Business Research Group, includes representatives of the legislature, academics, bankers, and the CEO of the world’s largest bitFlyer exchange. According to government research, legislation will allow potentially profitable ICOs and exchanges to continue to work, while at the same time providing the government with a deeper understanding and transparency in these actions.

Venezuela

The oil-rich, but debt-ridden South American nation sparked controversy and ridicule when it launched its own digital currency, backed by oil reserves, in February, Petro. According to CNN, President Maduro said that “the token, which operates on the basis of the NEM blockchain, has raised more than $ 5 billion in the first month.” Experts suggest that his statements may not be true.

However, at the end of April there was news that Venezuela offered India a 30% discount on oil when paying for Petro.

Although many are skeptical of both the currency itself and the efforts of the Venezuelan government to integrate cryptocurrency into its failed economy, there are some experts who see the merits of trying to build confidence in digital currency. David Garcia, SVP Managing Director and partner at the Ripio Credit Network, notes that Latin America is in transition.

The region has been hit hard by corruption, economic crises, and suffers from high inflation and rapid currency devaluation. This is especially true for Venezuela, but may also characterize other Latin American countries. According to Garcia, in order to move these countries in a positive direction, innovative ideas and solutions, such as blockchain and cryptocurrencies, are a necessary solution.

Sweden

Sweden became the first country to allow the trading of two Bitcoin exchange-traded index bonds in Europe in 2015 through XBT Providers. Bitcoin Tracker One XBT (which is traded in Swedish krona) and Bitcoin Tracker EUR XBT Provider are traded on the Swedish Nordic NASDAQ.

Since its launch, XBT has released versions for Denmark, Finland, Estonia and Latvia. As of early December 2017, the Cointelegraph has announced that Swedish ETNs “exceed 80% of US ETFs.” In mid-January, CNBC noted that Swedish funds raised $ 1.3 billion.

In addition, the Central Bank of Sweden is considering creating a digital currency called “e-krona” in light of the fact that Sweden has become the first non-cash society in the world. However, the country’s banking sector is backing down. Hans Lindberg, executive director of the Swedish Bankers Association, said in an interview on April 17: “When it comes to electronic money, there are already a lot of them. There are bank cards, credit cards and other digital solutions. The best option for Riksbank would be wholesale. ”

However, HSBC economist James Pomeroy believes Sweden will be the first country in the world to issue electronic currency, which could happen in the next few years. Venezuela may have stepped forward on a government-run — launch, but a Scandinavian country with its stronger economy and reliable regulatory authorities can still break out on this front, as it continues to lead the digital currency segment in Europe.

Slovenia is home of the first crypto-friendly malls.

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Slovenia is a country in Central Europe with a population of about 2 million people and a strong, developed economy. This is the richest Slavic nation, judging by the GDP per capita.

If you are traveling to Slovenia — try XcelPay Wallet — an easy to use payment solution that provides security for your cryptos assets and your transactions. You can download the latest version of XcelPay Wallet 2.0.28 with new interactive UI and wallet recovery with ETH private key.

As a member of the eurozone, Slovenia uses the euro. The economy is mainly based on services and the quality of life there is rated 14th in the world.

The largest international exchange Bitstamp was founded in Slovenia in 2011. Slovenia has a large hydroelectric power station, and NiceHash, a well-known cloud mining service, runs from there. As in Estonia, Finland and Lithuania, the Slovenian government very much welcomes cryptocurrency.

Crypto-friendly malls

Located in the center of the country’s capital, Ljubljana, the BTC City shopping mall of the same name will be transformed into a completely Bitcoin-friendly environment where every store and enterprise will accept cryptocurrencies and operate using blockchain technology. The 1,558,398-square-foot complex, which was built in 1954 as a repository and logistics center, became a commercial shopping area by the mid-1990s.

Today, it is completely transforming itself as the largest shopping center in the country, with more than 500 stores, as well as several tourist enterprises, including a luxury hotel and casino, a multiplex cinema, a water park and an office park Crystal Palace — the house for the tallest building in Slovenia.

Slovenian Prime Minister Miro Kerar recently visited the center, where he was offered a cup of coffee bought by Secretary of State Tadei Slapnik using cryptocurrencies. Representatives of BTC City published a statement on the visit of the Prime Minister, which was partially read;

The BTC company, which owns and operates BTC City, wants to see the center become the first of its kind in the world, where visitors and consumers of business partners interact in an ecosystem that supports cryptocurrency. The company seeks to integrate all modern technologies into space using cryptocurrencies and blockchain, as well as introducing artificial intelligence, virtual reality, augmented reality and machine learning.

Attractions include the largest mining installation.

Fintech startup Eligma has created a unique cryptocurrency transaction system for BTC City called Elipay. The system should be tested by mid-June, but most retailers already use cryptocurrency trading systems. In addition to shops and restaurants that accept cryptocurrency, the entire complex will have one-way crypto ATMs, as well as the brain center of the blockchain, as well as what the complex executives call the world’s largest cryptocurrency installation in Slovenia.

As a kind of statement, the BTC Company made this statement regarding the main objectives of the city of BTC;

“The development of BTC City in the city of bitcoins is an important step towards implementing an open-minded BTC strategy that provides its customers and business partners the freedom and choice regarding their purchases using new payment methods.”

Choose your best Cryptocurrency Wallet today! — Download XcelPay Wallet and explore XcelPay Merchant POS and XcelPay Payment Gateway. XcelPay Wallet it is a secure blockchain wallet offering users total peace of mind. Popular ways to spend cryptocurrency in different countries is using XcelPay Wallet. It provides security for your cryptos assets and your transactions. Bitcoin wallet for Android and IOS is becoming more and more popular. More people have started using XcelPay in different countries. XcelPay Wallet app, now available on IOS and Android app stores.

Cryptocurrencies in high inflation countries.

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High inflation occurs due to a variety of reasons that are different for each country, but there are common points that can be recognized in all of them. The traditional foundations of the national economy are at least partially broken; this disrupts the goods production and supply as well as the financial and commercial currents. Therefore, the prices increase while the most frequently used means of exchange — the national currency — keeps losing value.

Since crypto does not exist in physical form and does not rely on traditional financial and other institutions, it can be one way of making the situation a bit easier by offering an alternative transaction system. The mission of crypto is to go beyond national and physical obstacles, serving the benefit of humanity as a whole. In high-inflation countries, crypto can serve as one of the bridges until the national economy is at a stable level. Here are some ways in which crypto can make a valuable contribution if internet and mobile networks are available.

Cryptocurrency is worldwide and it’s up to you whether you accept this fact or no, but choose your best Cryptocurrency Wallet today! — Download XcelPay Wallet and explore XcelPay Merchant POS and XcelPay Payment Gateway. XcelPay Wallet it is a secure blockchain wallet offering users total peace of mind. Popular ways to spend cryptocurrency in different countries is using XcelPay Wallet. It provides security for your cryptos assets and your transactions. Bitcoin wallet for Android and IOS is becoming more and more popular.

In some countries of South America, economic shocks occurred that caused the depreciation of national currencies and, as a result, hyperinflation. These states depend on the export of goods that are purchased in US dollars and euros. To reduce the impact of currency appreciation, the governments of these countries decided to use cryptocurrencies as a means of payment.

The rapidly depreciating national currency of Venezuela bolivar provokes an increase in demand for various cryptocurrencies among the population. The most common in this country is Dash. More than 3,000 companies use this altcoin as a means of payment.

Venezuela also released the world’s first national cryptocurrency Petro. With its help, the government plans to receive funds for exported oil bypassing US sanctions. In addition to the oil trade, the Venezuelan government proposes to use this coin as part of the Bolivarian Alliance of Peoples, which includes a dozen countries in Latin America. Ordinary entrepreneurs and residents of this country use digital currencies to circumvent economic restrictions.

If government plans for the use of cryptocurrencies pass with varying success, then for the population, the use of cryptocurrencies is a way out of a difficult economic situation.

Argentina is a leader in Bitcoin retail sales. The reason is the same as in Venezuela — long-term hyperinflation. There is the fastest growing bitcoin ATM market in the world. According to forecasts, the number of such devices in the country by the end of 2019 will exceed 2000, and their introduction, according to the government, will allow overcoming the negative consequences of hyperinflation.

After banning the use of bank cards to pay for a taxi by the Argentinean Uber, this system began to accept bitcoins. Also, thanks to the Alto Viaje service and the Latin American exchange Bitex, it has become possible to replenish the SUBE card, which is used to pay for travel by public transport.

For the countries of Latin America, a special cryptocurrency ApperCoin was developed. For payments with its help, just install a special application on your smartphone. A distinctive feature is the absence of a commission and the high speed of transactions (an average of 10 seconds). Some retailers offer up to 40% discounts on this cryptocurrency.

More people have started using XcelPay Wallet in different countries. XcelPay Wallet app, now available on IOS and Android app stores. Try it today! XcelPay Wallet is an easy to use payment solution that provides security for your cryptos assets and your transactions. You can download the latest version of XcelPay Wallet 2.0.28 with new interactive UI and wallet recovery with ETH private key.

Blockchain can help to solve the environmental problems of the planet.

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New research by theWorld Economic Forum(WEF) has identified over 65 ways blockchain tech can be used to address some of the most urgent environmental challenges facing the planet.

Such networks could range from decentralizing management of natural resources like energy and water, to creating supply chains that help promote greater sustainability. They could also provide new funding mechanisms for raising the vast sums of money expected to be required to deliver “low-carbon and sustainable”.

As CoinDesk has reported, blockchain projects are already addressing issues such as the sustainability of tuna stocks by tracking fish from origin to the high-street store, or exploring ways to reduce greenhouse gas emissions and boosting solar power projects via distributed trading.

You probably know that crypto wallet is the first step to using bitcoins or crypto. When you travel, do not forget to replenish your mobile tariff plan on XcelPay Wallet which allows you to top-up mobile phone plans with 900 different carrier services and in 160 countries, with Ethereum and Bitcoin.

The research breaks down the areas that blockchain tech could positively impact into six sections: climate change, biodiversity and conservation, oceans, water security, clean air, weather and disaster resilience — each subdivided into more precise areas that could be targeted.

While blockchain use cases in disrupting finance have largely been the focus of enterprises and investors, Celine Herweijer, a partner at PwC UK, said:

“There is an opportunity for fresh ideas to harness this nascent technology to help deliver big gains for our environment. From transparent and trusted clean and ethical supply chains, to incentivising sustainable consumption and production, or underpinning the much needed transition to low carbon decentralized energy, water and mobility systems. ”

According to the report of the World Economic Forum (WEF), blockchain can be used to solve the “most urgent” environmental problems that the planet faces. The document says that a distributed accounting system can help address climate change, biodiversity and water scarcity.

Can Blockchain Save the World?

The World Economic Forum (WEF) has prepared a report on how blockchain can be used to protect the planet’s environment.

The building block (chain) for a better planet is part of a series of articles on the effects of new technologies and how they impact global society. Other reports in the collection are devoted to Internet of Things (IoT), virtual reality and artificial intelligence. The document is a collaboration between the international accounting firm PwC and the American Stanford Forest Institute for the Environment.

The report indicates that the planet is in the midst of “unprecedented changes in ecological systems.” This was caused by the rapid growth of economic activity since the mid-twentieth century.

WEF argues that such conditions provide a clear opportunity to use blockchain and other technological innovations to deal with six of the most pressing environmental dangers associated with life on Earth. These are: climate change, natural disasters, biodiversity loss, ocean degradation, air pollution and water scarcity.

The report also says that the opportunities provided by blockchain technology can allow the monetization of value, which is “currently implemented (but not implemented) in ecological systems”. The authors further argue that technology can fill such a “market gap”.

The WEF is closely monitoring to ensure that such changes do not occur on their own. Rather, they should be implemented through collaboration between different actors. These include politicians and technologists. The Group believes that such joint efforts, with the assistance of advanced technologies, can “create a revolution in the field of sustainable development”.

WEF is a nonprofit organization based in Switzerland. The analytical center seeks to bring together “leading political, business and other leaders of society to form global, regional and sectoral programs.” They include more than 2,000 enterprises and political leaders. Many meet every January in Davos, Switzerland. This year, events, blockchains and cryptocurrencies were one of the most heatedly discussed topics.

The new generation of smartphones Samsung Galaxy S20 will support cryptocurrencies and tokens.

Cryptocurrency support is not a selling point for Samsung’s new Galaxy S20

During the Unpacked event on February 11, 2020, Samsung announced a new generation of smartphones called the Galaxy S20 — specializing in providing advanced cameras, 5G technology and the ability to store cryptocurrencies of a friend.

However, unlike previous Samsung phones such as the Galaxy S10s. The Galaxy S20 doesn’t seem to care about promoting Blockchain and cryptocurrency. Although they previously advertised their phones with Blockchain, they announced supported cryptocurrencies and eventually added bitcoins. But this time, Samsung hardly mentioned either cryptocurrency or blockchain.

Source: Samsung

However, the reason is not that the hype around cryptocurrency is slowing. It seems that phone makers are gradually feeling blockchain ads and cryptocurrency technologies. Most people are interested in the other features provided by the S20. Theoretically, each smartphone is compatible with cryptocurrency and Blockchain technology. Therefore, these functions are now considered normal for the phone.

In other cases, Samsung seems to be working with Tron to bring Blockchain technology to more people. However, the details of this partnership were not disclosed.

It is interesting to note how Samsung’s new Galaxy S20 has a secure processor. This processor is designed to protect personal information, including the private key of the Blockchain. The only link available on the Samsung official website is that S20 phones will contain a security processor designed to protect the PIN code, password, pattern and Blockchain private key.

In addition, there is no more detailed information about the Blockchain technology built into the phone, which coins are supported, and how many applications will be able to access cryptocurrency support.

However, we can first look at the phones to find the answer. The S10s has a secure cover for storing private keys held by Samsung Knox. He connects to the Samsung Blockchain Keystore application, which is used to view the balance and send money. Given that the S20 also contains Knox, perhaps he will continue to use the same system.

Source: Samsung

The world’s largest smartphone maker Samsung has confirmed that support for cryptocurrencies, including BTC, ETH and ERC20 tokens, has been added to the new Galaxy S20 line of smartphones.

Samsung has reported on the Samsung website that the new generation of Galaxy S20 smartphones will include a proprietary application that enables users to store private keys for BTC, ETH and ERC20 tokens.

“We have created a secure processor designed to protect your PIN, password, template and private keys. Combined with the Knox platform, security is embedded in every part of your phone, from hardware to software. In this way, personal data remains confidential. ”

Samsung first introduced Blockchain Keystore in early 2019. The cryptocurrency application is available to Samsung device users in the USA, Canada, South Korea, Great Britain, Germany, Switzerland, Spain, Portugal, Sweden, Austria, Finland, Denmark, Norway and Iceland.

The market for smartphones with blockchain support continues to grow. In November 2019, HTC announced that it would release a special version of the Exodus blockchain smartphone with Binance Chain support, and earlier the company released the Exodus 1S blockchain smartphone with the ability to launch a full Bitcoin node.

In September last year, startup Pundi X announced the imminent launch of the BOB blockchain smartphone, and in the same month it was reported that LG was also preparing to release a smartphone for the blockchain. However, these two devices have not yet entered the market.