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Use Cases & Verticals


A U.S. cryptocurrency exchange is reporting dramatic increases in trading of tether (USDT), the controversial stablecoin that lost its dollar peg this week, and one of the new alternatives. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT “have increased by over 10x over the last two days,” a company spokesperson …

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Cobo, a Beijing-based cryptocurrency wallet startup, has closed a $13 million Series A funding round in its bid to expand its services overseas. The company announced the latest equity financing on Wednesday, which is backed by Danhua Venture Capital, the NEO Foundation and Wu Capital, a China-based family office and limited partner in funds created …

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This post was originally published here Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to …

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Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according …

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Amazon Web Services’ (AWS) China division is partnering with public blockchain project Qtum. The partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization, making it the 29th largest cryptocurrency, to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers. Revealed exclusively to CoinDesk, the partnership will allow AWS …

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This post was originally published here The market is starting to differentiate between stablecoins, even though these cryptocurrencies are all designed to trade 1-to-1 with fiat. Several U.S. dollar-pegged cryptocurrencies are now trading either significantly higher or significantly lower than the greenback, reflecting investors’ perceptions of their relative risk. Given that stablecoins are typically used …

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The market is starting to differentiate between stablecoins, even though these cryptocurrencies are all designed to trade 1-to-1 with fiat. Several U.S. dollar-pegged cryptocurrencies are now trading either significantly higher or significantly lower than the greenback, reflecting investors’ perceptions of their relative risk. Given that stablecoins are typically used as on-ramps for investors looking to …

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A second stablecoin has broken its peg with the U.S. dollar – except this one’s soaring well above a buck, not tanking below it. According to data from CoinMarketCap, the Gemini exchange-issued Gemini dollar (GUSD) saw its price hit an all-time high of $1.19 Tuesday after first breaking its dollar peg on Monday, when it …

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A subsidiary of Abu Dhabi Ports has partnered with Belgium’s Port of Antwerp for a blockchain pilot aimed to facilitate international trade. The proof-of-concept (PoC) trial will be conducted by Maqta Gateway using its own blockchain platform, Silsal, which was launched in June to address inefficiencies in the shipping industry and better connect importers and exporters. According to …

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The Ethereum Foundation just awarded nearly $3 million in grants to a number of blockchain startups and developers as part of its ongoing grant program. In a blog post Monday, the Ethereum Foundation Grants Team released its fourth wave of grants. All told, $2.86 million was awarded to 20 different individuals or groups for work …

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KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled …

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Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line. In a white paper posted this week, the software giant says it intends to develop two products designed to give consumers greater control of their personal data – long the Holy Grail of many technologists in the blockchain space and …

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This post was originally published here Advocacy versus skepticism. “Dr. Doom” versus “Captain Coin.” Whatever you want to call it, two divergent viewpoints on the topic of cryptocurrency collided before a group of U.S senators on Thursday. Economist Nouriel Roubini – famous for predicting the 2008 financial crisis testified about the blockchain and crypto ecosystems …

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Advocacy versus skepticism. “Dr. Doom” versus “Captain Coin.” Whatever you want to call it, two divergent viewpoints on the topic of cryptocurrency collided before a group of U.S senators on Thursday. Economist Nouriel Roubini – famous for predicting the 2008 financial crisis testified about the blockchain and crypto ecosystems before the U.S. Senate Committee on …

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Famed economist Nouriel Roubini plans to strike a fiery tone on cryptocurrency and blockchain before a group of U.S. senators on Thursday. Roubini will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs alongside Coin Center director of research Peter Van Valkenburgh in a hearing entitled “Exploring the Cryptocurrency and Blockchain Ecosystem.” …

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The U.S. Customs and Border Protection (CBP) plans to evaluate its foray into blockchain technology by the end of the year. Members of a government advisory group, the Commercial Customs Operations Advisory Committee (COAC), met on October 3 to advocate for regulatory reform around different trade-focused areas, with “emerging technologies” coming up as a point …

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Blockchain startup Citizens Reserve is partnering with enterprise software startup Blockdaemon to more rapidly deploy nodes. Announced Wednesday, the partnership is aimed at helping Citizens Reserve, lead by a team of former Deloitte blockchain employees, and its clients more quickly deploy nodes using tools developed by Blockdaemon, enabling users to more easily join the former’s SUKU …

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Mastercard has won a patent for a proposed system that, if created, would allow for the launch of different kinds of blockchains – including those that support multiple currencies. Published Tuesday by the U.S. Patent and Trademark Office, the patent explains that a group or company may need to store different types of transaction information …

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Business media giant Forbes is moving to the blockchain. The company, which operates a daily news web portal and prints a bi-weekly magazine, is moving its content to a distributed ledger-based platform provided by Civil, according to a blog post from Civil co-founder Matt Coolidge on Tuesday. As part of the partnership, Forbes will begin archiving aspects of …

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. As anger has grown over the power wielded by internet gatekeepers such as Facebook and …

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