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Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System

Shinhan Card, South Korea’s top credit card company, has been granted a patent for a blockchain payment system. As reported by The Korea Times on Monday, the Shinhan Financial Group affiliate said it has developed a “world-first” service based on blockchain technology that offers credit card functionality, including setting spending limits, making monthly installments and payments to …

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Safety Without Silos: Why Businesses Will Learn to Love Public Ethereum

John Wolpert leads Web3Studio, a unit of ConsenSys. Before joining ConsenSys in 2017, he served as the global product executive for IBM Blockchain and co-founder of Hyperledger. In 2015, the Ethereum public mainnet launched, followed by a raft of private blockchain offerings targeting the enterprise. This opened the floodgates on companies prioritizing collaboration, funding long-overdue …

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Blockstream Launches Atomic Swaps on Liquid Bitcoin Sidechain

Blockstream has created an “experimental” tool that makes it easier for users to trade “trustlessly” between tokens launched on its Liquid sidechain. Dubbed Liquid Swap Tool, the platform uses “atomic swaps,” a cryptographic technology that already serves as backbone for newer decentralized exchanges currently in development. The motivation for these types of transactions is that …

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Huobi to Target Decentralized Finance With New Public Blockchain

Huobi Group is building a public blockchain specifically designed for use cases within decentralized finance (DeFi). In a press release Tuesday, the blockchain services firm and cryptocurrency exchange operator, said the planned offering – for now dubbed Huobi Finance Chain – will allow financial institutions, businesses and exchanges to launch their own blockchains, tokenized assets and DeFi …

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Russia’s Largest Bank Is Quitting Central Bank’s Blockchain Project

The Takeaway Masterchain, a blockchain project backed by Russia’s central bank, is falling behind on its goals two years after inception. Sberbank, the leading bank in Russia, is unsatisfied with the system’s speed, security and overall efficiency after testing it. The bank is looking to shift its work to other enterprise platforms, Sberbank’s blockchain lab …

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Metronome Now Lets Users Move Tokens Between Blockchains

MET token holders now have the option to choose their blockchain, a feature that was first announced a year ago at launch but only rolled out last week. The developers of the Metronome project announced activation of the cryptocurrency’s cross-blockchain capability following successful test transfers of MET tokens from the ethereum blockchain to the ethereum …

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Monero and Zcash Conferences Showcase Their Differences (And Links)

Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation. Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety …

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Facebook’s Libra Crypto Code Draws Critiques and Clones

The early-access code for Facebook’s Libra cryptocurrency hit GitHub two weeks ago — and in that time, critics and would-be trollers have taken aim at the project. Spun-up by the social media giant and presently managed by the non-profit Libra Association, the project on GitHub has been saved or “starred” by close to 10,000 users, …

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Why Ethereum’s Privacy Matters and What’s Being Built to Support It

Mixers. Computational data layers. Zero-knowledge proofs: these are just a few of the technologies being leveraged to enhance privacy on the ethereum blockchain. Privacy for a public blockchain network is a bit of an oxymoron, given that, by nature of the technology’s design, data must be shared and widely distributed on the network in order …

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