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1. The Export-Import Bank of China (China Exim Bank) has completed its first exchange payment using a blockchain platform, marking another milestone in the country’s efforts to “seize the opportunity” of the emerging technology. In the latest implementation, the Xiamen branch of China Exim Bank used the state-owned cross-border financial blockchain platform to facilitate a foreign exchange payment to Xiamen Shipbuilding Industry Co., reports Sina Finance, making it the first policy bank in the country to handle such a transaction. Read Full on The Daily Hodl
2. With the new year Illinois became the latest state to recognize smart contracts and other blockchain-based records as legal instruments. These contracts are now admissible as evidence in court, recognized as a viable alternative to paper-based records and statutorily exempt from local taxation. It shields the blockchain industry from local government interference, meaning cities and towns cannot impose taxes and regulations or require licensing or permits on blockchain systems or those who use them. Read Full on CoinDesk
3. The proposal for Taproot, a long-anticipated technological change to bitcoin, is “nearly ready" according to developers – a notable update that comes nearly two years after its introduction. First unveiled by Bitcoin Core developer Greg Maxwell in January 2018, Taproot offers a new degree of privacy by making all transactions – no matter how complicated – appear the same to observers of blockchain data with its significant implications for scaling, fungibility and script innovation. Read Full on The Block
4. Binance Research, the research and development platform from Binance crypto exchange, has released a fresh report on the state of the decentralized (DeFi) financial ecosystem. As per report, DeFi contributed significantly to the growth of the Ethereum ecosystem, as the number of active projects (projects having over 50 daily users) that built their decentralized applications (dApps) on the network nearly doubled last year. Ethereum DeFi ecosystem reportedly attracted between 40,000 and 60,000 unique users monthly. Read Full on binance
5. The Port of Salalah, Oman’s largest port, handling a record number of 4 million shipping containers per year has joined TradeLens, the blockchain-based supply chain platform by shipping giant Maersk and IBM. The addition of the Port of Salalah puts TradeLens at more than 90 ports and terminals, with over 150 participants in total on the platform. The port joins TradeLens as part of its digital initiative to enhance customer experience while ensuring a global, transparent standard for collaboration with other entities in the supply chain ecosystem. Read Full on Cointelegraph
6. There has been much talk in the last few months about blockchain adoption in Asia. However, the entire continent is behind when it comes to Bitcoin ATMs. As of January 2020, the United States is the leader in Bitcoin ATMs. The United States alone has 4274 ATMs which represent 66.2% of all cryptocurrency ATMs globally, North America has 4,992 or 77.3%. In the past year, 2,351 new Bitcoin ATMs have been installed globally. That’s an increase of over 50% in just the past year. Whereas Asia has just 133 Bitcoin ATMs. Read Full on BeInCrypto
7. Samsung Electronics' blockchain smartphones, such as Galaxy S10, are set to feature Elrond project’s gaming app “Battle of Elrond.” Europe-based Elrond said that the gaming app is scheduled to get launched in Q1 of this year. “Battle of Elrond is a mobile multiplayer game. Players earn ERD [Elrond’s native token] for defeating their enemies,” Beniamin Mincu, founder and CEO of Elrond added that the game will be “exclusively” available via the Samsung Galaxy Store for smartphones with native blockchain capabilities will support the app. Read Full on The Block
8. The People’s Bank of China (PBoC), the country’s central bank, has said that the “top-level” design of its digital currency has been completed. The central bank announced the development in a new paper, saying that the “top-level design, standard formulation, functional research and development” has been completed, Sina Finance reported Friday. The next steps are to follow the principles of stability, security and control, said Mu Changchun, the head of the digital currency research institute at the PBoC. Read Full on The Block