Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics By Cointelegraph


Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games.

People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But that money actually ends up in the pockets of anonymous scammers.

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Cardano Partners With South African Blockchain Alliance To Boost Adoption By Cointelegraph


Cardano Partners With South African Blockchain Alliance To Boost Adoption

The Foundation announced a partnership with the South African National Blockchain Alliance (SANBA) on April 7. The partnership endeavors to explore further ways to strengthen technology’s adoption throughout South Africa.

According to the official announcement, Cardano will use blockchain technology to boost socio-economic growth in South Africa. The Foundation believes such a partnership will help them to achieve their goal of increasing blockchain adoption across the region.

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Zoom Data Scandal Shows Blockchain May Be the Future of Communications By Cointelegraph


Zoom Data Scandal Shows Blockchain May Be the Future of Communications

As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned.

Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking in the system. Following the sudden balloon in daily users, it was discovered last week that thousands of personal Zoom videos have been left viewable on the open web.

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Blockchain Traceability Overtakes Payments Among Major Corporations By Cointelegraph


Blockchain Traceability Overtakes Payments Among Major Corporations

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50.

The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with annual revenue in excess of $1 billion in annual revenue.

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IBM Praises CEO For Playing a Significant Role in Blockchain Development By Cointelegraph


IBM Praises CEO For Playing a Significant Role in Blockchain Development

In a letter to the shareholders, IBM (NYSE:) has acknowledged that one of the main achievements of the new CEO is the expansion of its blockchain business.

The document notes that its technology portfolio is “built for the future”, with blockchain being one of the technologies underpinning this belief. It denotes IBM as:

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BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership By Cointelegraph


BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership

Digital identity solutions are on the rise as consumers seek security and accessibility in a digitized world. A new report from 360iResearch shows that the global digital identity market is expected to have reached about $37 Million by the end of 2025. As COVID-19 continues to wreak havoc, this number could grow even larger.

Unsurprisingly, the trillion-dollar banking industry has already expressed interest in digital identity solutions. For example, Everest, a blockchain-based digital payments provider, has recently formed a partnership with BRI Remittance, a subsidiary of one of Indonesia’s largest banks. Everest has been collaborating with BRI to offer bank users a blockchain-based digital commerce platform that will allow Indonesians and Europeans to easily exchange value across international borders.

Related: Blockchain Digital ID — Putting People in Control of Their Data

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Virtual Blockchain Week Is A Virus-Proof Crypto Conference By Cointelegraph


Virtual Blockchain Week Is A Virus-Proof Crypto Conference

It’s just the kind of event that these sequestered, hunkered-down times call for.

With COVID-19 still wreaking havoc on any plans to get more than ten people in a room together, Virtual Blockchain Week is a weeklong conference taking place completely online, and it just so happens that Cointelegraph is the primary media partner for the event.

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Binance Academy Launches Blockchain Accelerator in China By Cointelegraph


Binance Academy Launches Blockchain Accelerator in China

Binance Academy, the educational arm of leading crypto exchange Binance, announced the establishment of a blockchain research institute in Shanghai on March 30.

The Lingang Blockchain Technology and Industry Research Institute is intended to operate as a think-tank and talent hub for distributed ledger technology (DLT) innovation in China.

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Self-Proclaimed World’s Lightest Blockchain Rolls Out Phase Three of Its Testnet By Cointelegraph


Self-Proclaimed World’s Lightest Blockchain Rolls Out Phase Three of Its Testnet

A new cryptocurrency ecosystem claiming to be “the world’s lightest blockchain” has ostensibly grown to become one of the largest layer 1 testnets by peer count in the industry.

Speaking Cointelegraph on March 24, the developers behind Coda Protocol said that phase three of the network’s testnet launch has now drawn over 400 users — with 300 users signing up to stake, and 143 maximum concurrent users.

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Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes By Cointelegraph


Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes

Amid regulatory uncertainty for cryptocurrencies in Russia, a federal ministry introduced legislation that would legalize crypto and blockchain within a special regulatory environment.

The Ministry of Economic Development of the Russian Federation has reportedly prepared a draft law that would allow the testing of cryptocurrency and blockchain developments within a special regulatory sandbox.

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