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IBM CTO Tells US Congressmen ‘Let’s Get Government Ready for Blockchain’

IBM and members of the U.S. Congressional Blockchain Caucus discussed the use of blockchain for ID systems, payments, and supply chains during a meeting today, September 24, according to a press call attended by Cointelegraph. IBM recently published a report entitled “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” made in collaboration with the U.S. ...

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Andreessen Horowitz Invests $15 Million in Stablecoin Firm MakerDAO

American venture capital fund Andreessen Horowitz has invested $15 million into blockchain startup MakerDAO (MKR), according to an announcement published September 24. MakerDAO is the firm which stands behind Ethereum-based stablecoin Dai (DAI) and its accompanying decentralized credit system. DAI is pledged to U.S. dollars but collateralized by Ethereum (ETH). DAI users can generate the stable coin by locking up ...

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Walmart Requires Certain Produce Suppliers to Deploy Blockchain Technology

U.S. retail giant Walmart and its division Sam’s Club, a membership-only retail warehouse club, will require suppliers of leafy greens to implement a farm-to-store tracking system based on blockchain tech, Reuters reported September 24. The end-to-end traceability system is based on distributed ledger technology (DLT) developed by computing giant IBM. According to the report, Walmart will require suppliers to implement ...

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Crypto Industry Reps, Lawmakers, Venture Capitalists to Discuss Regulatory Landscape

Representatives from U.S.-based financial giants and cryptocurrency startups will meet with Washington lawmakers this Tuesday to discuss the regulatory landscape, CNBC reported September 24. The roundtable dubbed “Legislating Certainty for Cryptocurrencies” will reportedly be hosted by Rep. Warren Davidson (R-Ohio). The attendees will address the issue of policy-making regarding the new asset class in the run-up to the introduction of ...

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South American Crypto Exchange Buda.com Seeks Help of Colombian President for Reopening

South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts “for the lack ...

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 24

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Since 2013, Bitcoin has seen a sharp rally in the last quarter of every ...

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Bitcoin Investors and Speculators Maintained Their Positions Over Summer

Bitcoin (BTC) investors and speculators held their positions over the summer, while markets seem to have become more stable overall, according to a new study by Chainalysis published September 24. The data presented in the report was compiled using the concept of standardized monetary aggregates. Specifically, the analysts categorized coins from the most liquid (coins used for speculation and transactions) ...

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Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

Thailand’s fourth largest bank, Kasikornbank, has recently joined the blockchain-based Visa B2B Connect program for cross-border payments, local newspaper The Nation reported Thursday, September 20. According to The Nation, Kasikornbank is the “first” bank in the country to use the technology, setting the stage for a more widespread use of blockchain in the country’s banking sector. Suripong Tantiyanon, Visa’s country ...

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Bank of America Files New Patent for Multiple Digital Signatures on a Distributed System

The U.S.’s second-largest bank, Bank of America (BofA), has filed a new patent for adapting multiple digital signatures in a distributed network, according to a U.S. Patent and Trademark Office (USPTO) filing published September 18. The new patent proposes a system for managing data communication from Internet-connected devices. The document underlines that “the invention provides automated determination of which devices ...

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Spain to Develop Blockchain Tech Application for Transparency in Forestry Industry

The Spanish Ministry of Agriculture, Fisheries and Food plans to apply blockchain technology to develop the forestry industry, local news outlet EuropaPress reported September 21. The operating group, entitled ChainWood, aims to improve the traceability and efficiency of the wood supply in Spain by implementing blockchain technology in industry logistics. ChainWood is a group of eight partners from different Spanish ...

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