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Societe Generale Issues a Security Token on the Tezos Blockchain

The third-largest bank in France, as well as one of the leading banks in the whole world, Societe Generale, has issued its first structured product as a security token. The bank has chosen Tezos’ blockchain as the underlying network. Following the first covered bond security token issuance for 100 million euros on Ethereum’s blockchain back in April 2019, Societe Generale issued its first structured product as a security token registered on the Tezos public blockchain. According to a press release shared with CryptoPotato, the securities have been fully subscribed by Societe Generale Assurances. Per the release, the “transaction completes a new step…

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Akon Wishes He Kept Bitcoins Gifted in 2014 and Reveals Akon City’s Progress (Exclusive Interview)

The popular Senegalese-American singer, rapper, songwriter, and record producer, Akon, shocked the world a few years back by announcing revolutionary plans to build a real-life Wakanda city in Senegal. The idea was to run entirely on renewable energy and be powered by Akon’s own cryptocurrency – Akoin. The ambitious endeavor garnered the world’s attention, and despite some challenges, recent reports indicated that the entire project should be completed within the next several years. CryptoPotato had the opportunity to interview the musician and mastermind of the project and two of the key individuals behind the ambitious Akon city idea: Lynn Liss,…

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11% Of Business In Spain Use Blockchain Technology, Report

The use of decentralized technologies is growing in Spain, and we are not just talking about cryptocurrencies but blockchain in general, especially for enterprise purposes. From municipalities and public universities to corporations and industries, more and more businesses are adopting the blockchain in one way or another, increasing the ecosystem’s diversity and activity. According to a report by business consulting firm IDC Spain, about 46% of large companies in Spain are in favor of incorporating blockchain and cryptographic technologies to increase their security. The Use of Blockchain Technologies is Growing in Spain The report, “State of the Art of Blockchain…

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How 4 Undergrads Are Using Crypto to Solve Two Of Nigeria’s Major Financial Problems

Four young students in Nigeria decided to ride the cryptocurrency wave and harness this technology’s potential to build a better future for their country. Ben Eluan and Osezele Orukpe were two university students who, like many in Nigeria, shared an interest in cryptocurrencies. It is not surprising; interest in technology careers and courses has been on the rise in the region, and the use of Bitcoin has reached record numbers, to the point of taking a prominent place in national politics. Crypto Remittances: A Potential Gold Mine Eluan and Orukpe found a golden opportunity in the country’s financial situation: Nigeria’s…

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Jack Dorsey’s Square Creates A Non-Profit To Fight Cryptocurrency Patent Trolls

Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA). Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls. Square Creates COPA According to Square’s announcement, COPA aims to stop companies within the cryptocurrency ecosystem from “locking up” valuable and useful technologies in patents. The company outlined that this growing concern of what it calls “patent lockup” could “stifle innovation and adoption from Bitcoin to the most obscure cryptocurrency.” “COPA is an industry-wide innovation to the patent equivalent to…

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U.S. Set to Compete with China on Global Blockchain Dominance

China may be seeing more competition in the global blockchain scene with the U.S. government making moves to improve the country’s competitiveness in emerging technologies. US-China Tussle Goes Blockchain The U.S. Congress is reportedly set to consider a new bill targeted at blockchain. According to Forbes, a bipartisan piece of legislation titled the “American Competitiveness Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Akon City Begins Construction In Early 2021: Real-Life Wakanda

Akon City, also referred to as the “real-life Wakanda,” will begin construction in early 2021, said the popular singer, producer, and mastermind behind the project – Akon. He even hinted plans of franchising the concept in other nations in Africa. Akon City Construction Starts In Several Months Initially announced in mid-2018, Akon City gained mass attention because of its revolutionary idea to be a smart city running entirely on renewable energy and powered by Akon’s own cryptocurrency – Akoin. Although project critics quickly dismantled the idea claiming that the celebrity is just attempting to draw attention to himself, the futuristic…

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Singapore Exchange and HSBC Come Together on a $300M Blockchain Bond Issuance

A joint venture between the British multinational investment bank HSBC, Singapore Exchange (SGX), and state-owned investment company Temasek has completed its first digital bond issuance of $300 million worth of corporate bonds on SGX’s digital asset platform by employing blockchain technology. $300M Of Corporate Bonds Replicated Digitally With DLT The collaboration between the three entities, which began in 2019, has provided the first successful usage of SGX’s digital asset issuance, depository, and servicing platform. According to a report from today, the trio replicated S$400 million (nearly $300 million) worth of 5.5-year public bonds from the large rice, cotton, and coffee…

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Cryptocurrency Will Reportedly Power Finance in Independent California Post ‘Calexit’

Inspired by Brexit, a group called Yes California is leading the charge for separation of California from the United States. And it seems, cryptocurrency will form the backbone of the financial system in the independent country of California. California To Ditch The US For Freedom, & The US Dollar For Crypto According to the latest update on California’s supposed exit from the American mainland, a blockchain-based crypto asset will lay the financial foundation of ‘Calexit’. Calexit campaign founders have appointed Alastair Caithness, founder and CEO of Ziyen Energy, to action the same. As the official cryptocurrency advisor to Yes California,…

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Chainalysis: Cryptocurrency Plays an Important Role in Venezuela’s Economy

The use of cryptocurrencies in Venezuela has thrived over the years, and although they may not be the revolution that many expected, they have managed to fit into the financial thinking of the people there more strongly than in other countries. The status of crypto and blockchain technology in the country has evolved significantly. A recent report by the blockchain forensics firm Chainalysis concluded that the South American country’s financial crisis catalyzed a greater interest and openness among the people to become involved with crypto. Under these circumstances, cryptocurrency has taken on an important role in Venezuela’s economy,” says the…

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South Korean City To Issue Blockchain-Based Payments Aimed At The Elderly

One of the significantly technologically developed cities in South Korea is aiming to expand its payments programs through digital gift certificates based on blockchain technology. One of the goals is to educate the elderly on contactless payments. Giving The Elderly A More Simplified Payment Process According to a recent news report, the new establishment of South Korean Seongnam city would be accessible through a mobile app. The main idea is reaching out to its elderly residents and getting them to understand a genuinely simplified payment process via blockchain technology. During the last years, the city has established itself as a…

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Walmart Adopts Crypto: Shoppers Can Now Earn Crypto-Back

StormX, the blockchain-based rewards platform that helps users earn crypto, has scored a significant coup by onboarding retailing giant Walmart. Having already sealed deals with the likes of Microsoft, Nike, Adidas, eBay, Target, Dell, and Samsung, StormX is taking things up a notch by enabling 4% ‘Cryptoback’ on all Walmart purchases. In fact, shoppers can earn as much as 14% if they reach Super-user tier on the app. Consumer Thirst for Cryptoback Based in Seoul, StormX launched its crypto-cashback program for mobile shoppers back in April following the success of Honey, a deal-finding browser add-on which sold to PayPal for…

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Bluzelle & Elrond Partner to Leverage Scalable Blockchain Technology for dApps

Elrond and Bluzelle have inked a partnership that will see decentralized apps (dApps) on the Elrond mainnet running on the latter’s tamper-proof scalability data layer. The move likely forms an important partnership in the quest for enabling greater usability for dApps within the context of the current Web 3.0 development. Decentralized file storage continues to be an important aspect of Web 3.0 with protocols requiring more agile data layers than those provided by traditional services. The semantic aspect of Web 3.0 is one of the developing new processes in the emerging tech sector along with other pursuits like artificial intelligence…

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Vechain (VET) Rolls Out Blockchain-Based Food Safety Solution

VeChain is upping its visibility in the global food traceability scene with the release of its market-ready blockchain food safety solution based on the network’s legacy decentralized ledger technology (DLT) platform. With the COVID-19 pandemic causing systemic shocks to the supply chains around the world, market participants are turning towards DLT services for more robustRead MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Coca Cola Taps Ethereum Blockchain for Supply Chain Management

The Coke One North America (CONA) aims to utilize Ethereum’s Baseline Protocol in a new project to manage supply chains across different bottling suppliers. Coca Cola to Create Botting Harbor with Ethereum-based Network According to a report from Monday (August 3, 2020), CONA established a project called “Coca-Cola Bottling Harbor,” which will leverage the Baseline Protocol. The use of the protocol will ensure that transactions are private and stored on the Ethereum blockchain. The project is an extension of the earlier Hyperledger-based platform used to handle inter-organizational supply chain management for bottling companies. In this new iteration of the system,…

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Enjin Cyborg Quest: Gaming Competition with $50,000 Prize Pot

Blockchain-based gaming platform Enjin (ENJ) has partnered with SwissBorg for a cross-platform gaming competition with a total prize of $50,000. The event will see players competing across eight different titles in a “Ready Player One” style contest. Blockchain is becoming an integral part of the ongoing developments in the gaming industry. Stakeholders say the novel tech provides players with the opportunity to passport value from game environments to financial markets thus providing a platform for tokenizing the entertainment value of these games. Enjin Cyborg Quest will Involve Eight Games Enjin announced the news of its partnership with SwissBorg via a…

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ESPN To Launch Online Gaming Platform With Bitcoin Payments

ESPN Global has recently developed an online gaming platform with blockchain technology. The E-Sports Programming Network’s gaming environment will allow users to compete with each other in a variety of game battles and tournaments, where they’ll be able to win money. Players Can Make Payments Via Bitcoin According to a news report, the upcoming platform will give users the chance to get a premium membership, which will allow them to play slots, plus early access to the latest and most anticipated online games. ESPN’s new gaming environment is in a pre-launch phase. When finally active it will allow players to make…

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Proof of Steak: IOHK Partners with BeefChain for Blockchain Food Traceability Solution

IOHK, project developers of the Cardano (ADA) blockchain project, has partnered with Wyoming-based BeefChain to leverage blockchain food traceability for the benefit of ranchers and consumers alike. Protecting Ranchers and Consumers with Blockchain Appearing at the Cardano 2020 virtual event, Jerry Fragiskatos, chief commercial officer (CCO) at IOHK announced the collaboration between the two companies.Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Proof of Steak: IOHK Partners with BeefChain for Blockchain Food Traceability Solution

IOHK, project developers of the Cardano (ADA) blockchain project, has partnered with Wyoming-based BeefChain to leverage blockchain food traceability for the benefit of ranchers and consumers alike. Protecting Ranchers and Consumers with Blockchain Appearing at the Cardano 2020 virtual event, Jerry Fragiskatos, chief commercial officer (CCO) at IOHK announced the collaboration between the two companies.Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Another Crypto Project Featured on Samsung Galaxy Smartphones

After adding Stellar to its Samsung Blockchain Keystore, the tech mogul has also featured another cryptocurrency project under its kit. Namely, this is the Decentraland Marketplace application that has already been added to Samsung’s Blockchain Wallet, as per a recent report. Decentraland Joins Samsung Blockchain Wallet According to an official announcement, the smartphone giant Samsung, who’s attempting to further the adoption of blockchain technology, has involved the popular project Decentraland as its largest game and Non-Fungible Token (NFT) project. The report reads that the Decentraland Marketplace is already added to the Samsung Blockchain Wallet, and it’s available on Samsung smartphones,…

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