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Amazon registers cryptocurrency domain names

In the world of technology and commerce, Amazon is an undisputed giant, and now it looks as though it’s set to expand its empire yet again with a potential move into the cryptocurrency sphere. With the behemoth having just secured three domain names relating to cryptocurrency, speculation is, unsurprisingly, rife, though it was only last month that the vice-president of Amazon Pay Patrick Gauthier publicly stated that the company had no plans to begin accepting the currency, due to a lack of demand. Yet the domain names are hardly subtle: amazonethereum.com, amazoncryptocurrency.com and amazoncryptocurrencies.com. Having registered for them on Tuesday...

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A new member for the Enterprise Ethereum Alliance

The largest bank by assets in Russia - Sberbank - has joined the Enterprise Ethereum Alliance, the largest blockchain consortium in the world. Enterprise Ethereum Alliance (EEA) was originally founded by a group of 30 members, and is a group of companies, corporations, tech startups and governments working to grow through open-source Ethereum technology. The consortium's inception was in February 2016, and now welcomes its newest member, Sberbank, into a list of over 150 members from both public and private sectors.  Even as far back as 2015, Sberbank stated its plans to develop blockchain solutions with international collaborators, revealing a...

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Ethereum's post-Byzantium records

Have you noticed how your Ethereum transactions seem to be going through faster after the blockchain’s hard fork on Monday? The upgrade, named Byzantium, was the first part of Ethereum’s Metropolis development phase, and one of the improvements it introduces, is the time it takes to mine a block in Ethereum. Before Byzantium it took around 30 seconds to mine a block, known as block time, and this is now down to about 14 seconds. This means better transaction throughput, less congestion (although big ICO/TGEs happening over a short time period will still be felt) and generally a faster network....

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The Legal Industry Is Using Ethereum-Based Smart Contracts

The legal industry is turning to Ethereum smart contracts, as they have great potential to increase efficiency. This is because they are completely self-enforcing. By that, it means that only once certain and specific terms are met, will the contract follow through with its instructions. There are good and bad sides to this – great care must be taken when the contract is created, as smart contracts will always run exactly as they are written. It is because of this that they are becoming so appealing, and that many legal firms are turning to them over traditional legal contracts. In...

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Ethereum Is Taking Over South Korea

South Korea is quickly evolving into an Ethereum powerhouse, despite only recently announcing a ban on domestic ICO’s. South Korea is currently the world’s second largest Ethereum exchange market, and is evolving into a Ethereum powerhouse, thanks to a rapidly growing number of active developments, domestic projects and communities. So, in terms of trading volumes, liquidity and activity, it really is taking over! South Korean government ban ICO’s This news has come after the South Korean governments and its financial regulator, The Financial Services Commission (FSC) revealed the plans to ban domestic ICO’s, or Initial Coin Offerings. It saw the...

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