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Lagos, South Africa and New York
Monday, June 1, 2020

Blockchain breaks into Kenya’s $20 Billion Informal Economy

Janeffer Wacheke’s fresh-vegetable stall in Nairobi uses technology that’s helping crack a problem Kenyan banks have so far failed to solve -- measuring the creditworthiness of traders in the country’s $20 billion informal economy. The 40-year-old mother of two is among hundreds of small-scale...

Crypto Wealth Sinks $45 Billion in One Week

By Andrea Tan and Blake Schmidt Virtual currencies are falling despite Blockchain Week hype Bitcoin drops below $8,000 for first time in more than a month So much for the Blockchain Week bounce. With thousands of cryptocurrency diehards swarming into Manhattan for this week’s Consensus 2018...

Oracle tragets Nigerian Expansion with Blockchain Products

Oracle Corp. will unveil its blockchain software starting this month to help government of Nigeria, which has sought to document customs and import duties on blockchain. The US based company is joining the growing list of companies offering products that use the digital-ledger technology...

HTC just announced the world’s first blockchain phone

HTC is about to unveil a flagship phone that nobody will want to buy, the U12 handset the company teased using iPhone 6 parts not too long ago. But it turns out that, on its road to what appears to be inevitable doom, HTC...

Big Banks are Investing Heavily in Blockchain and Crypto: $364 Billion Investment Firm

Steve Chiavarone, a portfolio manager at Federated Investors, a US-based investment firm that oversees $364 billion in customer assets, stated that blockchain technology will drive the fourth industrial revolution, echoing the stance of many large-scale investors and politicians, including Seoul mayor Park Won-soon. “When you...

Facebook reportedly plans to launch its own cryptocurrency

With an eye towards payments on the social media platform Facebook is reportedly planning to launch its own cryptocurrency, according to a report from Cheddar’s Alex Heath. Currently, there isn’t too much detail, but the company is said to be specifically focused on using cryptocurrency specifically...

Paxful Eyes African Expansion with Launch of Nigerian Blockchain Incubator Hub

Peer-to-Peer Bitcoin Marketplace also Appoints a Regional Director of Africa Paxful, a global leader in peer-to-peer bitcoin technology, today announced that it will build a blockchain technology incubation hub in Lagos, Nigeria, as part of its growing investment in Africa. The hub will launch in...

Why Mark Zuckerberg just put some of his best execs on blockchain

Facebook says David Marcus, head of Messenger, is starting a small blockchain group. Mark Zuckerberg said in January he was interested in studying cryptocurrencies. Other projects like Telegram are setting out to create distributed social networks. Mark Zuckerberg is highly adept at addressing Facebook's greatest threats. He spent...

JPMorgan Tests the Waters for Debt Issuance on a Blockchain

For a bank that has distanced itself from cryptocurrencies, JPMorgan is sure fond of the blockchain. The biggest US bank based on assets joined forces with the National Bank of Canada, among others, to develop an application based on its Quorum technology for debt issuance...

Retail Investors See an Opportunity in Bitcoin Despite Price Decline

The bitcoin price has been on a decline since January, and analysts believe the mid-term correction of bitcoin was caused by the massive sell-off by Fortress and Mt. Gox trustee. Still, retail investors are seeing a good opportunity to enter the cryptocurrency market. Institutional Demand Throughout...