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On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry.Since establishing
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Sichuan and Inner Mongolia are two regions that recently announced their first cases using blockchain-stored evidence, local media reports. See related article: How blockchain technology is shaking up courtrooms in Asia Fast facts The court used the contract to examine the plaintiff’s and defendant’s evidence and reached its judgment with no objection from
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Russia continued to pound the Ukraine capital Kyiv and other major cities, which faced humanitarian crises the likes of which have not been seen in Europe for decades. On Tuesday, the U.K. removed Russia from its most favored trade status. Most favored trade status, a principle established by the World
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Chatter about the Saudis accepting yuan instead of dollars has been ongoing for several years, but recent events have brought new urgency to the matter. Source
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Welcome to The Daily Forkast – March 7, 2022 – presented by Angie Lau. Coming up on today’s show: Could regulation be a watch word at China’s Two Sessions? And as the invasion of Ukraine continues, Singapore announces sanctions on Russia. And finally, Web 3 company Everstake’s CEO speaks on the foundation of
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India, the world’s largest democracy, may make its tax policy clearer by tweaking the definition of crypto or virtual digital assets. According to a report by CNBC TV-18, the Indian government is likely to tweak the definition to clarify that only cryptocurrencies, crypto tokens, NFTs and vouchers fall under the
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The China bitcoin mining ban that took place mid-last year was no doubt a heavy blow to the space. It saw the hash rate from the region which was once termed the mining capital of the world crumble to almost zero as miners had to shut down their operations. The
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Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining
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At the time of publication, bitcoin was trading below $37,500, down about 2% over the past 24 hours. Ether, the second-largest crypto by market cap, was changing hands below $2,600, down about 1% during the same period. A number of altcoins had a good day with Terra's luna up about
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