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Nestlé Rises to DLT Challenge, Expands IBM Food Trust Blockchain Tool to Coffee

News Global implementation of blockchain technology in the food industry continues to grow as the world’s biggest food and beverage company, Nestlé, doesn’t put its blockchain efforts on hold. On April 6, Nestlé announced that the company is expanding its long-running IBM Food Trust blockchain tec..

Sweden’s Central Bank Wants to Host Innovation Hub for Digital Currencies

News The Riksbank, Sweden’s central bank that started testing its own central bank digital currency (CBDC) in February, wants to host the digital currency innovation hub by the Bank for International Settlements (BIS). Officially announcing the news on March 6, the Riksbank noted that in order for..

Hive Expands Ether Mining by 20%, Not Worried by Proof-of-Stake

Interview Cryptocurrency mining company Hive Blockchain Technologies announced a two-phase plan to expand its Ether (ETH) mining operations at the company’s flagship GPU-based facility in Sweden by more than 20%. In a press release, Hive describes the current moment as “an opportune time” to expan..

Swedish Foreign Minister Urges Ukraine to Investigate $70 Million Bitcoin Fraud

News The Swedish government is reacting to an alleged Bitcoin fraud scheme that targeted vulnerable people in Sweden, Australia, New Zealand and the U.K. Ukrainian officials were informed of the allegations in a meeting on March 2, according to an Organized Crime and Corruption Reporting report pu..

Getting Into the Financial Services Revolution With Alex Tapscott

Review When the United States Treasury said on Feb. 13 that it would seek to enact new regulations governing cryptocurrencies, the price of Bitcoin (BTC) fell by almost 2% within an hour. But Alex Tapscott, for one, thinks it unlikely that the U.S. government will squash Bitcoin, as some fear. As ..

Sweden Is Testing Its New Central Bank Digital Currency

News The country of Sweden has begun testing an e-krona, bringing it that much closer to the proper release of a central bank digital currency (CBDC). The pilot program will be in operation for one year, until February 2021. If and when the e-krona formally launches for use by the public, the idea..

Latest news

Central Bank Digital Currencies Will Not Affect Bitcoin

With greater interest by central banks around the world to create digital versions of sovereign fiat currencies, there are some concerns about how this...

Venezuela is Serious About Building Up Bitcoin Reserves

Holding reserves in currencies and investment commodities is something that nearly all central banks practice. The United States Federal Reserve, for example, keeps ample...

Cryptocurrency Market Surging on Fundamental Developments

The world of digital currency trading posted very solid transaction volumes on May 8 as Bitcoin returned to its highly anticipated $10,000 level. The...

South Korea is Preparing for a Sovereign Cryptocurrency Future

Over the next two years, the central bank of South Korea will be working on a blockchain project that would create a digital version...

How Blockchain Applications Are Being Used During the COVID-19 Pandemic

A couple of major blockchain development conferences have been canceled, and the cryptocurrency markets are feeling the economic impact of the coronavirus pandemic, but...
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