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Blockchain Will Make The Biggest Difference In Developing Countries

Investment bank Exotix believes that blockchain technology will make the biggest difference in emerging countries. Paul Domjan, who is the global head of research, analytics and data at the bank discussed that although this is likely to happen on a step by step basis, that certain technologies have the ability to skip steps, giving a solution to the problem much quicker than before. He used the rapid increase in smartphone usage as an example of this. In a developed country, the chances of having a fixed telephone line is pretty much a given; however, this simply is not the case...

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Coincheck To Reimburse $424million To Its Customers

Japanese crypto exchange Coincheck was hacked a few days ago, which saw over 58 billion yen of NEM coins stolen. This is equivalent to over $533million USD, and forced the exchange to shut down all withdrawals except for Bitcoin. Yet, just this week, Coincheck announced that it would be reimbursing its customers approximately $425million to those who had been affected by the hack. This is out of the ordinary, as usually when a cryptocurrency exchange is hacked, users lose money and just have to accept it. The recent hack was a particularly large one, but the fact that the exchange...

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The Best Alternatives To Bitcoin

Whilst Bitcoin is still one of the most popular cryptocurrency’s in the world, it has also faced its fair share of high profile criticism. Knowing which cryptocurrency to invest in can be difficult, so if you don’t want to invest in Bitcoin, here are some of the best alternatives. Ethereum: Ethereum had an impressive 2017. At the beginning of last year, its worth was just single digits, but fast-forward to the end of the year and it was worth more than $1,200. In early 2018, Ethereum was doing more than four times the number of Bitcoin transactions per day, at...

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How Blockchain Is Being Used To Help Migrants

Billionaire investor George Soros is working to ease the global refugee crisis using blockchain technology. He spoke at the World Economic Forum in Davos, speaking about how underpinning cryptocurrencies can play an important role in immigration. He said; “Blockchain technology can be put to positive use. And we use it actually in helping migrants to communicate with their families and to keep their money safe and to carry it with them.” However, it was not immediately clear how Soros planned on using the technology for these purposes. Blockchains are able to keep a secure record of all the transactions, whether...

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3 Blockchain Stars To Watch In 2018

Amber Baldet: She is the executive director of JP Morgan’s Blockchain Center of Excellence, and is incredibly influential in the crypto world. She boasts that her secret super power is connecting enterprise players with hackers, cryptocurrency innovators and rogue developers, who are roaming the open sources outlands of experimental technology. As well as this, she is the driving force behind, Quorum, a blockchain platform, which is used by international corporations and banks, in order to explore the same technical factors that make crypto so interesting. Vitalik Buterin He is the creator of the huge virtual currency, Ethereum, and is arguably...

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