The entire cryptocurrency capitalization dropped 😂 who cares? We're still making profits..
1 81 hours ago
🆕 @sesociocom lanzó #InvestoLand, la red global de inversiones descentralizadas.
Funciona por contratos inteligentes de la red #Ethereum y proporciona una alternativa segura, transparente y rápida a las inversiones tradicionales. Leé la nota completa en Cripto247.com
Blockchain in space = A big deal! A lot of this is done under the radar, and not everyone understands how big a deal this technology is. Now it can succeed or fail, but there is major innovation going on right now. 3-5 years from now we could see massive changes in our day to day lives. 🛰🚀🌌 #Repost@thecryptograph
Blockchain development firm Blockstream has expanded its satellite service and is now broadcasting the Bitcoin (BTC) blockchain to all of Earth’s major land masses, Forbes reported Dec. 17.
The wider coverage — which comes via the addition of a fifth leased satellite — brings potential internet-free Bitcoin transactions and information sharing to crypto users in the Asia Pacific region. The satellite service, still in beta, had hitherto already been available across Africa, Europe, South and North America.
Blockstream has also reportedly launched a new application programming interface (API), which allows lets the satellites be used to exchange encrypted messages and pay for them using micropayments on the Lightning Network. Blockstream CSO Samson Mow contextualized the move, saying, “Bitcoin has always been about uncensorable money, and now we have uncensorable communications as well.” As Forbes outlines, the ambitious Bitcoin space initiative aims to free crypto usage from dependency on access to the internet and make the security of the Bitcoin network maximally robust.
President Donald Trump has appointed Mick Mulvaney acting White House of Staff. Mulvaney is pro-Bitcoin and has mentioned this during several speeches. During Congress in 2016, Mulvaney said that blockchain and cryptocurrencies could change our current financial system, among other areas.
Follow our page @crypto.post for Cryptocurrency/Blockchain news
The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17.
The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at entrant banks. UBF’s chairman, Abdul Aziz Al Ghurair, claimed that the discussed initiative represents an effort to create and maintain a “thriving banking ecosystem.”
Participants also discussed issues pertaining to the country’s national digital transformation program and Emiratization — a government employment initiative to place its citizens in roles in the public and private sectors.
Aref Al Ramli, chairperson of UBF’s Digital Banking Committee, presented a blockchain-based study that explores the benefits of digitizing various processes within member banks via distributed ledger technology (DLT). The study has outlined a number of blockchain applications by banking institutions, including cross-border payments, compliance reporting, customer onboarding, and others.
Al Ghurair said that emerging technologies are “continuing to shape customer needs and expectations,” putting banking industry participants “at the forefront of innovations.” He also claimed that new technologies like blockchain can assist banks in creating new revenue streams, “which will in turn drive sustained business growth.”
In late November, the governmental AI and Blockchain Joint Working Group hosted an annual meeting that concluded with the launch of two initiatives intending to boost blockchain and artificial intelligence (AI) development. At the meeting, participants considered strategies to attract foreign investments and build a necessary infrastructure by using AI and blockchain.