Indian IT giant Tech Mahindra, in association with Idealabs, has launched a strategic initiative to enhance the blockchain skillset and know-how of thousands of engineering students and tech professionals across the country. This, according to a report by Telangana Today, June 1, 2020. Aiming to Develop a Strong Blockchain Force In a bid to equip aspiring tech professionals
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Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm. The partnership, announced on June 1, will help Binance’s Korea branch remain compliant with Anti-Money Laundering (AML) regulations resulting from the Financial  Action Task Force’s (FATF) Travel Rule. Coinfirm provides a blockchain-agnostic AML platform
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Bitcoin’s buyers and sellers engaged in a heated battle yesterday just prior to the cryptocurrency’s critical monthly close This led it to see heightened volatility, with bulls prevailing over bears Buyers were able to propel the cryptocurrency above a massive monthly resistance level that has been holding strong throughout part of 2019 and all of
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The Matic Network mainnet was launched on May 31, 2020, after 2.5 years in development.  Marking an important milestone, the release of the first version of the network’s mainnet also triggers the second phase. The Betav2 and Alpha mainnets have now been retired. Matic Network and Interoperability The Matic Network is a Layer-2 blockchain scaling
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As they inch closer to their public mainnet, OmiseGO on June 1, 2020, announced their rebranding to the OMG Network for clarity and distinction. To accompany the name change, they have released a new logo and “few illustrations” to coherently convey the simplicity of their solutions. Development and Diversity The decision, the project said through
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Ever since the Bitcoin halving on May 11th, investors have been fearing a widespread “miner capitulation.” A miner capitulation is an event in the cryptocurrency market when many miners of BTC become unprofitable. This often happens due to one of three things: 1) price correction, 2) a network difficulty adjustment or 3) a block reward
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India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting
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“Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many societal strands, including endeavors of profit, community initiatives and far-reaching government policies. When navigating uncharted territory, such
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The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other
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Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with Chainalysis already providing its Know Your Transaction (KYT) services for ZebPay’s operations in Singapore. “We wanted to build a
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In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of
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