The Switzerland parliament has greenlighted legislation to update the nation’s existing corporate and financial laws to incorporate cryptocurrency and the underlying distributed ledger technology (DLT), according to reports on September 11,2020. Swiss Makes Way for Blockchain to Succeed While Switzerland already maintains a reputation as one of the most friendly regions for bitcoin (BTC), altcoins
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UpBots is the all-in-one trading platform that enables traders to trade cryptocurrencies, DeFi, forex, and commodities, manually or with bots. They recently announced that their IEO will be taking place on the FTX exchange on the 14th of September, 2020, as part of their ongoing efforts to raise fresh capital. The capital raised will facilitate
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The piloting of Russia’s Federal e-voting system on Waves Enterprise Chain is live ahead of the State Duma election set for Sep 13. Waves Enterprise and Rostelecom Joining Hands Through a tweet on Sep 11 by Sasha Ivanov, the CEO, the notification is a fulfillment of what was announced three weeks ago. It is also
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Yearn Finance, one of the most-used yield aggregator pools, launched its stable coin debt product yesterday that allows users to take out tokenized debt loans, as per a release. StableCredit comes to Yearn For the uninitiated, Yearn Finance automates yield-maximizing profit switching opportunities for liquidity providers and yield farmers. It pools together liquidity from users,
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As digital currencies take root, the EU plans to set up a body of watchdogs comprising national and European authorities to oversee what they term as “significant development in the crypto scene” as per a recent cryptocurrency draft proposal submitted to the European Commission, reports EURACTIV on Sep 10. The EU Cryptocurrency Draft Proposal The new regulation comes
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The bug could have eroded Bitcoin’s credibility as the premier cryptocurrency. “Severe” Bitcoin Bug Secretly Patched According to a report by Coindesk, a previously undisclosed vulnerability in the Bitcoin Core software could have enabled hackers to compromise the network’s famed security, allowing them to steal funds, delay on-chain settlements and even split the network. The
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The IOTA Foundation-led and EU-Funded project, CityxChange, is business-ready according to a research finding published by the European Commission on Sep 9. Innovation Radar to the European Commission: CityxChange is Business Ready The initiative which runs till October 2023 aims to create a “decentralized and cost-efficient energy trading platform” for a sustainable urban environment by 2050 focuses
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Parity Technologies, the parent company behind the popular Web 3.0 Foundation project, Polkadot, has secured a partnership with Trace Alliance, as announced in an official blog post on OriginTrail on September 9. This partnership exhibits a major milestone in achieving the goal of creating a blockchain-agnostic internet. About the Partnership Polkadot is well known for
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VeChain (VET) and its partner, DNV GL has announced the launch of VeTrust, a new COVID-19 risk self-assessment solution for hotels in China, according to a blog post on September 9, 2020. VeChain Launches VeTrust As business activities gradually return to all sectors of the global economy amid the devastating coronavirus pandemic, VeChain and DNV
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Blockchain consortium Hyperledger has revealed in a tweet on September 9 2020 the addition of EMURGO and eight other tech firms into its ecosystem. The onboarding of new members is expected to foster blockchain adoption in different sectors. EMURGO, Visa Lead List of New Members The notable new additions include EMURGO the commercial arm of
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