Volvo Adopts Oracle’s Blockchain for Its Supply Chain — Here’s Why

Cointelegraph takes an in-depth look into why Volvo is using blockchain to provide global traceability of cobalt that is used in its electric vehicle batteries. Volvo Cars announced last week that it is using Oracle’s blockchain platform to trace cobalt, one of the main components in electric car batteries. Following the unveiling of the company’s first fully electric car, the XC40 Recharge, Volvo has come up with a new business strategy that includes introducing an electric vehicle every year through 2025. “Cobalt is at the heart of electric vehicle batteries,…

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Can Cryptocurrency Create a New Niche in Music Streaming?

Can crypto and distributed ledger technology help improve the music industry? The music streaming industry has come a long way since the old days of Napster and the first-ever downloadable music. The new technology that was the internet, combined with faster download speeds, made music sharing possible. Since those early days, regulations and structure have provided a way for companies to monetize digital content while protecting it and putting new technology to work. As the industry evolved, a few major platforms exploded into the market. These early growth leaders received…

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Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD

Canadian blockchain research firm Blockchain Venture Capital Inc. has launched CUSD stablecoin that is backed 1:1 to the U.S. dollar. Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11. The new USD-anchored stablecoin comes four months after the firm launched CADT, a stablecoin initiative pegged to Canada’s national fiat currency. CUSD is pegged 1:1 to USD As reported, BVCI debuted CADT stablecoin in conjunction with last Canada Day on July 1.…

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Banker Who Called Bitcoin ‘Evil Spawn’ Heads BIS Digital Currency Hub

Benoît Cœuré will take on a further digital currency-related role, having already led a group researching stablecoins. A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation.  In a press release on Nov. 11, the BIS confirmed Benoît Cœuré would begin chairing the Innovation Hub from January 15, 2020.  BIS eyes impact of “critical trends” “The Hub’s mandate is to identify, and develop in-depth insights into critical trends in technology affecting central banking; develop…

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Bitcoin Wallet Reviews: What’s the Best Hardware Wallet on the Market?

Hardware wallets are small and portable devices which empower users to manage the keys to their bitcoin in a way that combines security with convenience. Essentially, they serve as an extra layer of protection which stands against malevolent attacks that may happen on infected computers.  Further Reading: What Are Bitcoin Wallets If you’re HODLing your bitcoin, then you can resort to cheaper and more convenient cold storage options (like a computer that never gets connected to the internet, a USB flash drive, a paper wallet, some form of bearer item…

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Bitcoin ‘Is Not Real,’ Says Former European Central Bank Chief

Bitcoin lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Bitcoin (BTC) lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Chinese news outlet South China Morning Post reported on Nov. 10 that Trichet made remarks at Caixin’s conference in Beijing. “I am strongly against Bitcoin” During the event, Trichet also expressed doubt that cryptocurrencies could ever become the future of money. He said that Bitcoin lacks the…

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HCM Capital Expects China’s Digital Currency to Launch in 2-3 Months

China’s digital currency will launch in two to three months, said founding managing partner of HCM Capital Jack Lee. Founding managing partner of HCM Capital, the private equity arm of electronics manufacturer Foxconn, Jack Lee, says China’s Central Bank Digital Currency (CBDC) is ready and expects it to launch in two to three months.  During an interview with CNBC published on Nov. 11, Lee also suggested that the People’s Bank of China (PBoC) will use the new currency to further strengthen its oversight over capital flows.  China’s digital currency is…

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China’s State-Run Media: Bitcoin Is Blockchain’s First Success

The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin as “the first successful application of blockchain technology.” The official Chinese state-run Xinhua News Agency has published a report recognizing Bitcoin  (BTC) as “the first successful application of blockchain technology.”  Published today, Nov. 11, the coverage is exceptional given China’s abiding hardline stance against decentralized cryptocurrencies, as epitomized by Beijing’s historic September 2017 blanket ban on crypto exchanges and initial coin offerings.  Even-handed exposure The Xinhua article is broadly positive and detailed in its coverage of Bitcoin…

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Flippening Predicted by Bobby Lee: Bitcoin Will Replace Gold

The co-founder and CEO of BTC China Bobby Lee, recently stated that bitcoin will surpass the market cap of gold and will be worth more than $1 million. #Gold is at about $8 trillion today, which is 50x the worth of #Bitcoin.I predict the #flippening will happen within 9 years and $BTC will shoot up past USD $500,000.And with all of the money printing that’s happening globally, $BTC will actually very likely be over $1 million! https://t.co/hbqGze38k5 — Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 10, 2019…

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Bitcoin Mining Difficulty Sees Biggest 2019 Drop as Hash Rate Spikes

Difficulty readjustment shows Bitcoin network stabilizing itself as mixed price action continues, but miner interest remains as hash rate rises. Bitcoin (BTC) mining difficulty adjusted downwards more than at any time since its 2018 price low on Nov. 8, data shows.  As noted by entrepreneur and cryptocurrency commentator Alistair Milne on Monday, difficulty fell by around 7% after the network’s latest readjustment.  Difficulty reveals Bitcoin network maneuvering Mining difficulty refers to the effort required for miners to solve the equations necessary to validate transactions on the Bitcoin network. A higher…

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