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Sri Lanka’s Blockchain Bank KYC Platform to Enter Development ‘Shortly’: Central Bank

The Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing of bank users’ ID information. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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Austrian Government Funds Development of Blockchain-Based COVID-19 App

The Austrian government is taking a considered approach to COVID-19 tech solutions after an initial rush to get some kind of contact tracing app out the door. The nation’s second wave of projects now includes blockchain. Announced Wednesday, the country’s Federal Ministry for Digital and Economic Affairs awarded a €60,000 ($67,600)

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Bolstering Privacy: Human Rights Foundation Donates $50K Toward Bitcoin Mixing Development

On June 10, 2020, the Human Rights Foundation (HRF) launched a fund that is dedicated to the development of tools that make the Bitcoin network “more private, decentralized, and resilient.” HRF’s initial gift of $50,000 will be given to the UK-based developer, Chris Belcher, who has been working on

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Blockchain Development Firm Raises Nearly $28M in Funding

Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption.The Japanese version of Cryptox reported on May 28 that LayerX raised the funds from venture capital firms JAFCO, ANRI, and Yahoo Group. JAFCO board member, Keisuke Miyoshi, commented:“Corona has exposed various

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China’s Congress Proposes Blockchain Development Fund

National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since May 22. The National People’s Congress, or

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Industry at a Crossroads, Crypto Enters Fourth Phase of Development

The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments

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Cardano Development Company to Join Hyperledger Project & W3C

IOHK, the company charged with the development of Cardano (ADA) will be joining the Hyperledger Project and W3C.Cardano founder and CEO and co-founder of IOHK, Charles Hoskison, in a recent Cryptox interview, confirmed that the company will be joining the two organizations.Will help with bidding processHoskinson believes that IOHK will

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