Crypto News & Blog

European Central Bank
European Central Bank Says “It’s Possible” for a private payment system for CBDC 1024 500 Crypto Rand Group

European Central Bank Says “It’s Possible” for a private payment system for CBDC

Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy. Per the report dubbed “Exploring anonymity in central bank digital currencies,” the European System of Central Banks (ESCB) established a proof-of-concept (PoC) for anonymity in CBDCs, which came…

Nike Ethereum
Nike Tokenizing Sneakers on Ethereum Blockchain 1024 500 Crypto Rand Group

Nike Tokenizing Sneakers on Ethereum Blockchain

Footwear giant Nike patented shoes that are tokenized as a non-fungible token (NFT) on the Ethereum blockchain, dubbed CryptoKicks. The patent — dated Dec. 10 — describes a digital asset for footwear and ways to use it. One implementation of the Nike technology described in the document is an Ethereum ERC721 or ERC1155 token used…

Bitcoin TikTok
Bitcoin Video Buzzing on TikTok 1024 500 Crypto Rand Group

Bitcoin Video Buzzing on TikTok

Short-video sharing app TikTok has recorded its first viral Bitcoin-related video as the firm’s owner reportedly launched a blockchain venture. Posted by TikTok personality The Wolf of Bitcoins, the video depicts a room in a house apparently equipped with dozens of cryptocurrency mining hardware units. The video displays a short caption, “this is why GPU…

IoT Blockchain
75%+ Of the IoT Companies Want to Use Blockchain 1024 500 Crypto Rand Group

75%+ Of the IoT Companies Want to Use Blockchain

While there are still few large-scale use cases of blockchain, the Internet of Things (IoT) industry turns out to be “a sweet spot” for the adoption of such technologies.  Avivah Litan, an IT industry analyst at Gartner, said in a survey, said that“75 [percent] of the Internet of Things technology adopters in the U.S. have…

Blockchain Game Alliance
AMD Joining the Blockchain Game Alliance 1024 500 Crypto Rand Group

AMD Joining the Blockchain Game Alliance

United States transnational IT firm Advanced Micro Devices (AMD) has joined the Blockchain Game Alliance (here)and forged two new partnerships to help advance the technology’s use in the industry. A Dec. 12 press release revealed that the chip manufacturing giant is partnering with blockchain technology providers Robot Cache and ULTRA — both of whom are…

e-franc
Swiss Government Shutting the E-Franc idea down 1024 500 Crypto Rand Group

Swiss Government Shutting the E-Franc idea down

The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss e-franc, for now. According to a Dec. 13 press release published on the Federal Council’s website, the Federal Council approved a report exploring the opportunities and risks of issuing a digital form of the country’s national currency, the franc.  Following…

Dark Web
Dark Web Hydra Launching an ICO 1024 500 Crypto Rand Group

Dark Web Hydra Launching an ICO

Infamous Russian dark web marketplace Hydra is seeking to raise $146 million by selling tokens for Bitcoin, CoinDesk reports. Funds generated by Hydra’s initial coin offering (ICO), which is reportedly scheduled to begin December 16, will supposedly be used to expand operations to a global scale. According to CoinDesk, which cites an investment document hosted…

Medical Data
Securing US Medical Data on the Blockchain 1024 500 Crypto Rand Group

Securing US Medical Data on the Blockchain

Anthem, the second-largest health insurance company in the United States, plans to use blockchain technology to secure medical data of all 40 million members over the next three years. On Dec. 12, Forbes reported that Anthem plans to use blockchain technology to give patients secure access to their medical data, while also giving them the…

Binance Paxful
Binance x Paxful, 167 New Fiat Pairs 1024 500 Crypto Rand Group

Binance x Paxful, 167 New Fiat Pairs

Major cryptocurrency exchange Binance announced a partnership with peer-to-peer (P2P) crypto trading platform Paxful with the aim to enable the P2P platform as a Binance fiat gateway. According to a press release on Dec. 12, Binance users will now be able to use Paxful to buy Bitcoin with 167 various fiat currencies. Supported fiat currencies…

ING Bank
ING Bank Want its Clients to Store Crypto 1024 500 Crypto Rand Group

ING Bank Want its Clients to Store Crypto

Major Dutch bank ING is developing technology so that its clients can safely store digital assets like cryptocurrencies, Reuters reports citing sources familiar with the matter. The firm then told reporters it sees “increasing opportunities” surrounding digital assets, both asset-backed and native security tokens. ING noted a focus on providing a compliant way to access…

BitMex Lawsuit
BitMex Facing a $300 Million Lawsuit 1024 500 Crypto Rand Group

BitMex Facing a $300 Million Lawsuit

Major crypto exchange BitMEX and its co-founder and CEO Arthur Hayes just got into another problem. The company and its CEO are now being sued for USD 300 million by Frank Amato, a former JPMorgan Chase commodity derivatives trader, and RGB Coin Ltd., who claim to have been the first seed investor of BitMEX in…

Napoleon Bitcoin Fund
New French Regulated Napoleon Bitcoin Fund 1024 500 Crypto Rand Group

New French Regulated Napoleon Bitcoin Fund

Paris-based asset management firm Napoleon AM announced the launch of a regulated Bitcoin fund, the Napoleon Bitcoin Fund. The company announced in a press release that the fund was created on Nov. 8 and is a specialized professional fund under French law. The company claims that its product is one of the first regulated vehicles…

Twitter Bluesky
Twitter Launching Bluesky, New Social Media Standard 1024 500 Crypto Rand Group

Twitter Launching Bluesky, New Social Media Standard

Twitter has just launched a new project, bluesky, aimed at developing a “decentralized standard for social media.” “Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of…

electronic ID
Blockchain-Powered Electronic ID launching in Shenzen 1024 500 Crypto Rand Group

Blockchain-Powered Electronic ID launching in Shenzen

Per news agency Xinhua and media outlet the Global Times, local authorities in Shenzhen have launched a blockchain-powered electronic ID platform compatible with 24 forms of identification and certification. Residents can access the platform via a mobile app, which operators say is “encrypted, traceable and tamper-proof.” As China gears up for a major blockchain drive,…

First Provider For China
Tencent, First Provider For China’s National Blockchain Consortium 1024 500 Crypto Rand Group

Tencent, First Provider For China’s National Blockchain Consortium

WeBank, a digital bank that makes loans to small businesses and individuals, has become the first technical infrastructure provider for China’s blockchain network.  The Shenzhen-based company will provide the Blockchain-Based Service Network (BSN) with its patented open consortium chain FISCO BCOS, according to a Chinese state media report.  Rather than a single blockchain, the consortium…