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Tag Archives: Costs

ClinTex Lowering New Medicine Costs Through Blockchain Technology

Clinical trials are a crucial step in getting any new medical advancement approved for assisting the public, but it can also be one of the most consuming steps, in terms of both time and money. ClinText looks to change this through its CTi platform, which will use blockchain technology and machine learning to improve the quality and efficiency of pharmaceutical ...

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Summer’s Cryptocurrency Fraud Costs £2 Million in Losses

The UK’s national policing lead for fraud has revealed figures wherein victims have reported 203 instances of cryptocurrency fraud totaling a little over £2 million ($2.54 million) in losses. In an announcement published this on August 10, Action Fraud – the UK’s national fraud and cybercrime reporting center – warned the public of fraudsters pushing ‘get rich quick’ investment schemes ...

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ASKfm’s ICO Publicity Stunt Costs a Man His Life

Despite having announced an ICO and a potential transformation into a decentralized ledger, ASKfm felt there still wasn’t enough attention on it, which could potentially hurt its chances of hitting its fundraising targets. It therefore embarked on a particularly daring publicity stunt. The Q&A social media platform sponsored four Ukrainian climbers who would climb the tallest mountain in the world, ...

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if Implemented Right, Blockchain Will Dramatically Reduce Costs for Banks

Blockchain technology has the potential to revolutionize transaction banking according to a study by major global management consultancy firm Bain & Company, Cointelegraph auf Deutsch reports today, June 14. According to Bain, “transaction banking revenues tend to be less volatile than other types of banking revenues, and bankers can cross-sell products, which is critical for client loyalty.” Bain concludes in ...

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Company to Open Mining Centers in Unused Buildings Across Swiss Alps to Reduce Energy Costs

A company believes it has found a way to reduce the impact that blockchain-driven businesses and mining for cryptocurrencies have on the environment: open specialist facilities in the Swiss Alps. According to Swiss Alps Energy AG – or SAE for short – the energy-intensive nature of mining is one of the biggest issues facing the blockchain community today. Meanwhile, thousands ...

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Kraken to Suspend Trading in Japan due to Rising Costs and Low Volume

Japan is a very important country to cryptocurrency companies. With its open-minded regulation and positive approach to cryptocurrencies, there are a lot of benefits to this region. Surprisingly, the Kraken trading platform is ceasing its service in Japan very soon. This sudden decision is the direct result of rising costs associated with offering services to local customers. Kraken is Exiting ...

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Crypto Exchange Giant Kraken Quits Japan Citing Rising Costs: Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. US-based cryptocurrency exchange Kraken will reportedly shutter its trading services in Japan due to rising business costs. Referencing an emailed statement from Kraken, Bloomberg is reporting that the San Francisco-based exchange operator is closing ‘all of its services’ in Japan with a tentative planned exit in ...

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Samsung Eyes Blockchain Technology to Reduce Supply Chain Overhead Costs

Blockchain technology is making inroads in many different industries. Samsung, a global technology leader, is now keeping a close eye on this technology. The company plans to incorporate distributed ledgers to manage its global supply network. Samsung also shows a keen interest in manufacturing cryptocurrency mining equipment. The Impact of Blockchain Technology Cryptocurrencies have introduced the world to how blockchain ...

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CNET’s Halsey Minor Utilizes Unused Computing Energy and Blockchain Tech to Reduce Video Broadcasting Costs – The Merkle

Producing and distributing video is anything but cheap. As blockchain technology is hailed as the go-to solution for a host of today’s technological problems, decentralization mania couldn’t have come at a better time for video. Why? Because the enormous amount of energy required to store, compute, encode, network and stream video is massive. Halsey Minor, the CEO of the VideoCoin Network, has ...

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