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Posts Tagged ‘World’

Christie’s Auction House Leads Art World in Blockchain Tech

Christie’s recently announced the introduction of a system for recording art transactions on blockchain. The decision is just the latest example of how the tech is catching on inside of the art world. Leading auction house Christie’s announced a new system utilizing blockchain to encrypt the registration of art transactions for a November sale. The company…

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World Bank Group Chief Says Blockchain Has ‘Huge Potential’ After Bond Success

The president of the World Bank has said Blockchain holds “huge potential” and that “embracing technology” is essential to it meeting its aims. Kim: World Bank ‘Not Keeping Up’ Speaking at the joint annual meetings event with the International Monetary Fund (IMF) this week, World Bank president Jim Yong Kim mentioned both cryptocurrency and distributed-ledger…

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FOAM Is Live: Decentralized World Map Launches on Ethereum

One of the year’s most hotly anticipated blockchain applications is now live. FOAM, which aims to build a reliable, resilient world map using smart contract technology, announced that the decentralized application (dapp) has launched on the ethereum blockchain and is already “seeing the first users populate the map.” Speaking to CoinDesk in June, FOAM co-founder…

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Dogecoin Now ‘Envy of the Crypto World’ As ICOs Dumped $30M ETH Last Week

Altcoin markets are witnessing upheaval September 11 as Ethereum (ETH) sees major sell-offs from ICOs and Dogecoin generates altcoins’ second-biggest transaction volumes. Dogecoin ‘Envy Of The Crypto World’ Data uploaded to Twitter by cryptocurrency researcher Kevin Rooke shows the abrupt rise of DOGE 00 after developers released the coin’s long-awaited Ethereum bridge beta September 5.…

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IBM Debuts Stellar-Powered ‘Blockchain World Wire’ Payments System

IBM is taking its long-in-the-works blockchain-based payment system out of beta, with the launch of a new product called Blockchain World Wire. Aimed at institutions and harnessing the stellar blockchain network, Big Blue says its new financial rail “can simultaneously clear and settle cross-border payments in near real-time.” Similar to other blockchain-based payment networks such as Ripple,…

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Blockchain Tech Looks Promising for Luxury Appraisal World

Among the luxury goods market, there are a number of issues that arise when it comes to buyers and sellers. From receiving accurate appraisals to spotting counterfeit products, blockchain tech has the potential to transform the luxury goods world. On Friday, Forbes noted the difficulty associated with pinning down the exact price of luxury goods like designer…

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How Venezuela Came to Be One of the Biggest Markets for Crypto in the World

Venezuela has been living with hyperinflation since at least 2014. Its national currency — the Venezuelan bolívar — hit an official inflation rate of 57.3 percent in February 2014, while independent currency analysts were reporting that, by that September, the real inflation rate had already topped 100 percent. In other words, the bolívar (VEF) was…

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World Bank Unpacks Launch of ‘BONDI’ Bond With Australia’s CBA

It’s been close to 10 years since Bitcoin came into existence, and in that time, major financial institutions have slowly come to grips with blockchain technology and cryptocurrencies. Some have taken to the industry quicker than others, and some have outright turned their backs on the thought of using or investing in cryptocurrencies. However, the…

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World Bank’s Blockchain Bond Experiment Raises $81 Million

The World Bank has exceeded its $73 million goal for its upcoming blockchain bond by $8 million, according to a new announcement. As previously reported by CoinDesk, Australia’s Commonwealth Bank (CommBank) intends to settle the bond, dubbed bond-i (for blockchain operated new debt instrument), on Tuesday, marking the first time the World Bank settles a…

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