Austrian regulators say crypto scams are the most reported forms of investment fraud in the country ahead of the usual suspects like stock or gold schemes. Authorities in the country are trying to firm up virtual currency regulations to combat the menace of such criminal activities while regulated trading in…
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Anthonia Isichei
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February 2, 2021 Blockchain
Emirates, a major airline based in the United Arab Emirates (UAE), is testing a blockchain mobile app developed by GE Digital Aviation to make it easier for passengers to adhere to COVID-19 travel requirements.
Blockchain Solution Provides Easy COVID-19 Test Experience
Emirates announced the news of the trial process via a press release on Sunday ( Jan. 31, 2021). According to the UAE airline, the blockchain mobile app would enable its passengers to carry out COVID-19 PCR tests at discounted prices.
The blockchain solution called TrustOne, was developed by GE Digital in collaboration with the food traceability company TE Food, back in June 2020. The app was created in response to the COVID-19 pandemic, and seeks to enable robust health screening of airline staff and passengers, as well as trace the cleaning of aircrafts.
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Anthonia Isichei
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February 1, 2021 DeFi
Hashmasks, the latest non-fungible token (NFT) rave already seems to be drawing attention as the project has raised almost $10 million in only four days of its limited-edition “cards” being on sale. Meanwhile, one of the already acquired digital collectibles has already been resold for more than $126,000 on the NFT marketplace OpenSea as collectors rush to acquire the new piece of NFT memorabilia.
Over 15,000 Hashmasks Already Sold
According to the Hashmasks website, 15,333 NFTs have already been sold to collectors for a combined total of about 7,666 ETH. This figure amounts to almost $10 million based on the current spot price of Ether on the market.
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Anthonia Isichei
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January 28, 2021 Blockchain
SIA, a major Italian payment company and a subsidiary of CDP Equity, has collaborated with fintech firm Wizkey to offer blockchain-based credit trading.
Blockchain Technology for Credit Trading
According to a press release on Tuesday (Jan. 26, 2021), SIA announced the launch of a new initiative in partnership with Wizkey that would enable financial institutions such as banks, financial operators, and funds, to trade credits, including non-performing loans (NPL) using blockchain technology.
Part of the features of the new credit trading platform will see every credit portfolio with its permanent data room, with the use of blockchain technology ensuring that data and history are authentic, while preventing asymmetry risks.
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Anthonia Isichei
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January 27, 2021 Blockchain
Blockchain-based tokenized agriculture is providing some relief for farmers in Argentina battling with a collapsing Peso. Crypto and blockchain adoption appears to be gaining ground in the country as the economic condition continues to worsen.
Agro-backed Tokens Offering a Hedge Against Inflation for Argentinian Farmers
According to
Forbes, farmers in Argentina are turning to blockchain and tokenized assets to counter the effects of rising inflation exacerbated by the ongoing coronavirus pandemic. Indeed, the agricultural sector is one of the adoption areas for the novel tech in several countries around the world.