Australia to Build Blockchain-based Smart Legal Contracts with IBM

An independent Australian federal government agency CSIRO’s (Commonwealth Scientific and Industrial Research Organisation) research arm Data61, has formed a consortium with law firm Herbert Smith Freehills and tech giant IBM to build Australia’s first cross-industry, large-scale, digital platform to enable Australian businesses to collaborate using blockchain-based smart legal contracts. The …

Bitcoin Adoption Just Got Real in Ukraine, Fruits & Vegetables Up for Sale in Cryptos

Bitcoin adoption is constantly increasing as according to the latest development, the Bessarabian market in Ukraine’s capital Kiev now allows people to buy fruits and vegetables in Bitcoin and other cryptos through the crypto payment processor, Paytomat that support 11 cryptocurrencies. Now buy groceries with multiple cryptocurrencies This is what …

You Can Now Trade Multiple Cryptocurrencies on Yahoo Finance

Investors can now buy and sell multiple cryptocurrencies directly on Yahoo Finance, the popular finance platform that previously focused solely on traditional forex and capital markets. Now, Yahoo Finance users can actively trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) without having to leave the platform. Upon …

Bitcoin Accepted Everywhere: Square Wins Patent for Cryptocurrency Payment Network

Digital payments firm Square has won a patent for a payment network that allows merchants to accept payments in any currency, including bitcoin or another cryptocurrency. Square Wins Patent for Crypto Payment Network Public documents published on Aug. 21 show that the U.S. Patent & Trademark Office (USPTO) has approved …

Coinbase Survey Reveals High Interest in Cryptocurrency at Universities

A recent study conducted by Coinbase shows that university students have demonstrated a keen interest in taking courses related to blockchain technology and cryptocurrency, in addition to roughly 18% stating they own at least some cryptocurrency. The nationwide survey, which was completed by 675 students, shows that 21 of the …

Reddit co-founder: Why I’m betting on bitcoin despite its volatility

The last 12 months have been a whirlwind for Alexis Ohanian. The 35-year-old co-founder of Reddit, now owned by Condé Nast, announced in February he was stepping away from his day-to-day duties at the popular news aggregator and discussion site to focus on the venture capital firm, Initialized Capital. “I’ve …

SEC rejects bitcoin ETFs from Proshares and Direxion

The SEC has again disapproved several proposals for a bitcoin ETF. The latest rejection involves two ETFs filed by ProShares that would track bitcoin futures contracts, another from GraniteShares, and five leveraged and inverse ETFs from Direxion. This follows on the heels of the SEC’s rejection of the Winklevloss ETF …

Bitcoin-Friendly Square Cash is Now More Popular Than Venmo

Data from app research firm Sensor Tower and Nomura Instinet have revealed that cumulative downloads of Square’s Cash App have surpassed that of its rival, Paypal’s Venmo, per a Bloomberg report. Square’s Cash App now has a cumulative total download of 33.5 million, which exceeds Venmo’s 32.9 million for the …

Capital One Wants to Authenticate Users on a Blockchain

Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security …

110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger …