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💲24h Vol: $173 B
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1. Boeing Uses Blockchain to Track and Sell Aerospace Parts
Aerospace giants Boeing has partnered with multinational aerospace conglomerate Honeywell to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology. The partnership was revealed at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the general manager of Honeywell, stated that the parts were uploaded to the GoDirect Trade marketplace last weekend. Read Full on forbes.
2. Retail Demand May Force to Approve Bitcoin ETF
Several investment firm executives have debated the likelihood of the U.S. Securities and Exchange Commission (SEC) licensing a U.S.-based Bitcoin (BTC) exchange-traded fund (ETF). Chris Hempstead, the director of institutional business development at ETF and hedge fund provider IndexIQ, predicts that a Bitcoin ETF will come as retail demand for the product grows. Hempstead further predicts cryptocurrency products will become regulated as the sector matures. Read Full on cnbc.
3. Report: Only 1% of Transaction in Crypto Was Illicit
According to Chainalysis’ March 5th webinar, over $1 trillion worth of cryptocurrency transactions took place in 2019 with only 1.1% of them being illicit. Overall, as crypto adoption keeps on growing and the number of use cases for cryptocurrency expands, illicit transactions on a percentage basis, keep diminishing; implying that the industry today is much healthier than in the early days when much of the volume was driven by darknet markets. Read Full on Cointelegraph.
4. Nippon Express Developing Blockchain Transport Network
The Japan-based logistics company will be working with Accenture and Intel to develop a transport network that utilizes blockchain. Nippon Express plans to invest up to 100 billion yen approximately one billion USD into a blockchain-based transportation network for pharmaceuticals. The Tokyo-based company intends to develop its own line of drugs starting in 2021, which will require real-time tracking of products through warehouses and status updates for quality control teams. Read Full on Cointelegraph.
5. Brave Browser Surpasses 4 Million Daily Active Users
Crypto-powered privacy-centered web browser Brave's co-founder and CEO, Brendan Eich announced that the browser’s user base had increased to 12.2 million every month. Further, the browser also has a healthy figure of four million daily active users. The browser has continued to grow its user base since the end of 2019. Browser finished 2019 with 11.2 million monthly active users, up from 8.7 MAU in October 2019. Read Full on twitter.
6. China’s Central Bank to Inject $4.7M into Blockchain Trade Platform
The People’s Bank of China (PBoC) has secured $4.7 million in funding from China’s central government for its blockchain trade finance platform. The platform is intended to facilitate transfers and create an untamperable ledger for secure information sharing between businesses and government departments. By mid-January, it was estimated that the platform had processed $12.4 billion worth of transactions for the 38 banks and nearly 1,900 firms that have signed up to use the platform. Read Full on Cointelegraph.
7. Bitcoin Proponent Jack Dorsey to Remain Twitter CEO
Vocal Bitcoin proponent Jack Dorsey will remain at the helm of social media giant Twitter. Recently, Elliott Management founder Paul Singer attempted to oust the eccentric billionaire. The 'vulture capitalist' was displeased with the CEO's pro-crypto stance. Instead of focusing on running Twitter he claimed the CEO was diverting his attention to Square Crypto, the subsidiary of financial service provider Square that is also owned by Dorsey. Read Full on cnbc.
8. Bitcoin Upcoming Halving To Trigger Next Bull Run, Says Joff Paradise
After every 210,000 blocks, Bitcoin goes through a process called “halving.” This mechanism was integrated into the protocol by Satoshi Nakamoto himself. As next bitcoin halving approching near and estimated to occure in mid May 2020, Joff Paradise, renowned Bitcoin entrepreuer suggested that we can see bull run in crypto market and Bitcoin price likely touch more than $10k again. He advised everyone to HODL or to buy Bitcoin at lower rates before halving. Read Full on Cryptocurrency Guide.