Archive for  January 2020

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The director-general of the National Bank of Cambodia confirmed that peer-to-peer payment and money transfer platform dubbed ‘Project Bakong’ was launched on a trial basis in July and is already supported by 11 banks even before it becomes operational in a few months. The aim is to have the “quasi-form of a central bank digital currency (CBDC)” function as the national payment gateway for the country.

Most traders, when asked by an economist on a Twitter poll feel that bitcoin rally is only getting started and its price will double this year. Over the last couple of weeks, bitcoin has been slaying bears and disbelievers. On Tuesday, bitcoin printed a fresh 2020 high of $8,903.20.

In June, the largest initial coin offering (ICO) company announced their plans to launch a Facebook rival that would run on the EOS mainnet. However, plans have changed – “There’s no strong indication of what their plans are exactly, but if they are looking for a public EOSIO chain to integrate with Voice I expect Telos would be their top choice,” Douglas Horn, spokesman for Block.One wrote.

The securities regulator in Canada, the CSA issued new guidance regarding crypto trades. The main goal was to clarify when crypto trades may fall outside of the country’s current securities laws, as the laws are not covering all instances in which cryptocurrencies can be used.

The Swiss cryptocurrency bank is seeking 100 million Swiss Franks in fresh capital, just under six months after securing a banking license to provide financial products to the cryptocurrency industry. Potential investors include a mix of financial institutions, family offices, and individuals.

The computing giant will operate a signing node for GoChain’s blockchain network using “first-of-its-kind” liquid immersion cooling technology in a data center, according to official announcement by GoChain. The cooling technology was developed by Midas Green Technology, and GoChain claims that the new innovation is less energy-consuming than conventional air-based temperature control methods.

The Japanese blockchain developer plans to test a waste plastic treatment solution in Kinshasa, DR Congo, per Kankyo. The Reuters reports that Number One Solutions plans to tokenize recycling incentives, and will look to expand the scope of its project throughout the nation in 2021.

Samsung’s IT services subsidiary Samsung SDS is set to “target the American market” with its portfolio of blockchain solutions. The company is now exhibiting at CES 2020 in Las Vegas, and they are targeting global growth as its main goal for 2020, hoping to catch American companies’ eyes with a blockchain-powered automotive parts management platform co-developed with the IT branch of India’s Mahindra and American software developer Pegasystems.

The Japanese cryptocurrency exchange announced a launch of beta version of a new crypto staking service. According to Coin Post, the exchange will offer the service for the Lisk token, but is hopeful of expanding to other currencies should the beta prove a success.

Because of disputes regarding limitations to local crypto exchanges, the Constitutional Court will open a public plea period this January 16. The hearings will reveal public attitudes and intentions to trade cryptocurrencies, reported the Korean outlet Tokenpost.