Blockchain

Founder Reveals How Radical Upgrade Could Challenge Bitcoin By Ethereum
Blockchain

Founder Reveals How Radical Upgrade Could Challenge Bitcoin By Ethereum

According to Ethereum co-founder, Vitalik Buterin, the Ethereum blockchain will destroy ether tokens. He practically means that radical upgrade could challenge bitcoin by ethereum. Ethereum's upgrade called EIP-1559 is processing towards ethereum 2.0, overtaking the current transaction fee system. The users will send the fee amount directly to the network instead of the miners. These fees received then will be burned, resulting in less ether supply. "If bitcoin and its availability is sound money, then if you have a lowering availability, does that make ethereum ultrasound money," asked Vitalik. "Sound money" refers to the stability of the currency and utility in terms of value. However, Buterin mocked off the question as a "joke" he went on to explain that there's a distinct pos...
Blockchain In Drug Procurement At Hospitals
Blockchain, news

Blockchain In Drug Procurement At Hospitals

Next year, central and state government hospitals may be able to get an assurance of the authenticity and quality of medicines procured in big numbers using the Government e-Marketplace (GeM). This happened because the portal provides blockchain in drug procurement at hospitals. Medicines can be traced from the point of supply to their final customer, according to the chief executive officer. “We have successfully tested this in a Proof of Concept (PoC) in the UP Medical Supply Corporation and the Director-General of Armed Forces Medical Services. The following week will have proper documentation” said GeM CEO Talleen Kumar during a media briefing Wednesday. “We will float that and, in a transparent bidding process, we will bring in a system integrator to develop a blockchain as ...
FM’s Views On Crypto Trading Norms In India
Bitcoins, Blockchain, news

FM’s Views On Crypto Trading Norms In India

The cryptocurrency industry in India is relieved at Union finance minister Nirmala Sitharaman’s comments that the government will take a “calibrated" approach to crypto trading norms in the country. The minister said “negotiations and discussions" are going on with the Reserve Bank of India (RBI) on how to regulate cryptocurrency in India. “Obviously, the RBI will take a call on what kind of official currency, cryptocurrency will have to be planned and how it has to be regulated," she said in an interview with CNBC TV18 on Saturday. “The finance minister’s stance on ‘considering a calibrated approach’ is an encouraging sign. We are a 100-plus staff company with some of the best talents emerging out of some of the premier institutes of India like the Indian Institutes of...
China Declares War on Crypto Mining; Bitcoin Rises
Bitcoins, Blockchain

China Declares War on Crypto Mining; Bitcoin Rises

China declares war on crypto mining and eradicates all the projects by April. Inner Mongolians of China will take further steps to cancel this power-hungry practice. According to Inner Mongolia Development and Reform Commission's website, banned new digital coin projects. This draft came into the public eye on February 25. The region now aims to cut emissions per unit of gross domestic product by 3% this year and control incremental growth of energy consumption at about 5 million tons of standard coal, according to the draft plan.   Chinese officials first outlined proposals in 2018 to discourage crypto-mining -- the computing process that makes transactions with virtual currencies possible but consumes vast amounts of power. Inner Mongolia, which is clustered with ...
Identity of Satoshi Could Harm Crypto Market
Bitcoins, Blockchain

Identity of Satoshi Could Harm Crypto Market

Bitcoin hit an all-time high as the market value reached $1 trillion. Everyone knows it is started by an unknown group of people under the name of Satoshi Nakamoto. Cryptocurrency exchange Coinbase has issued an IPO filing with a concern. If the inventor of bitcoin is revealed, the crypto market of Bitcoin and Ethereum can go down. However, not to get fooled by the name, Satoshi can't be Japanese. According to reports by Independent.co.uk, he holds 1.1 million of the total bitcoin market. Moreover, his existence is believed to have a socio-economic impact. In 2008, a white paper titled, Bitcoin: A peer-to-peer electronic cash system, by an anonymous. Therefore, there have been many failed attempts to unveil Santoshi's identity. The crypto market saw a hike in Bitcoin's price after El...
Cryptocurrency Qoin Terminated From Australia
Bitcoins, Blockchain

Cryptocurrency Qoin Terminated From Australia

Blockchain Australia has rejected the membership of its cryptocurrency Qoin. Qoin has nearly 28000 validated merchants. Blockchain Australia issued a statement that Qoin "has been asked to remove the Blockchain Australia logo and name in use of any promotional activity". Blockchain Australia represents almost 70 organizations working in digital currency. Organizations like Victoria's Department of Economic Development, Jobs, Transport and Resources. Qoin's chief marketing officer, Andrew Baker expressed his disappointment with the regulation. But they do not want any disciplinary action to affect trade. Andrew said, "we are licensed to do what we do, we do it within the means of law".   Blockchain Technology Benefits To Be Exploited: Reserve Bank Of India   Concer...
Blockchain Technology Benefits To Be Exploited: RBI
Blockchain, news

Blockchain Technology Benefits To Be Exploited: RBI

RBI Governor Shaktikanta Das, on Wednesday, expressed his concern over the impact of cryptocurrencies. They are feared that cryptocurrency may have on the financial stability of the country. Blockchain technology is still supported. In an interview, he voiced out the major concerns related to cryptocurrencies. RBI has already filed a petition for the ban to the government. It is under consideration and they will soon make a decision with the involvement of the government and parliament. He clearly stated that; blockchain technology is different. Therefore, the government is planning to make the best use of it in the coming future. But crypto has concerns over the financial stability angle and reported the same to the officials. Blockchain Stocks to invest other than crypto However...
Crypto Ban: Future of Digital Currency in India?
Bitcoins, Blockchain

Crypto Ban: Future of Digital Currency in India?

We all heard Bitcoin has recently touched its all-time high of $54,000. It made a historic move after a leading electric carmaker company proposed to buy $1.5 billion in Bitcoin. They also made the announcement of accepting the currency as a mode of payment. After such a huge wave in the investment market, India is still in a muddle. There are rumors of banning cryptocurrencies by the government and launching an official digital currency. Many legal experts and investors don't consider the crypto ban a wise decision. Why Crypto Ban? The government is insufficient in terms of regulation and recognition, hence making the future of cryptocurrency vague. The central government revealed that it will introduce a new bill on cryptocurrencies. The Cryptocurrency and Regulation of Official Digita...
Blockchain Stocks To Invest Other Than Crypto
Blockchain, news

Blockchain Stocks To Invest Other Than Crypto

Crypto is tricky. I’m not 100% certain what the future of cryptos holds, I’m much more confident in the belief that the decentralized distributed public ledger system will carry on. Not only that, the blockchain stocks will spark additional innovations in the world of fintech. Crypto has made its mark in the investment market. Hence, the innovation lies in blockchain technology.  Let's go through an example: Transfer through a bank wire is a slow and expensive process. Moreover, countries with robust economic infrastructure have difficulty accepting bank transactions. To combat that we need an alternative which is fast and cheap. And to date, blockchain stocks is the only technology to put the proposal upfront. Blockchain & Cryptocurrency: IEEE Virtual Conference 2021 Addition...
IEEE Will Run Virtual Conference on 3-6 May 2021
Blockchain, Business

IEEE Will Run Virtual Conference on 3-6 May 2021

The ICBI 2021 Organizing Committee, with the support of IEEE, has been changing guidelines since the outbreak of the pandemic. According to the committee, they have been keeping all the required safety and well-being measurements. The organizing committee will hold this international event on Blockchain and Cryptocurrency virtually. There is full support on step by step process of organizing by IEEE. They thank all the technical community for their patience and contribution. Like every year, the IEEE conference could not be conducted physically. But the assurance has been made about the quality of the research and content to be experienced in the virtual meeting. ICBC 2021 is the third installment of the IEEE Communications Society (ComSoc) sponsored conference on Blockchain and Cryp...