LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council

LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations. Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera …

Pandemic Highlights Inefficient Systems: Blockchain Can Help

The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT). In email correspondence with Cointelegraph, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the systems that underpin the …

Global Central Banking Think Tank Launches Digital Monetary Institute

The Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month. The Institute intends to build bridges between the worlds of digital currencies and traditional banking, and has a focus on payment instruments in wholesale and …

Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency. Crypto-native microchip It all began when IOHK, the company charged with the development of Cardano (ADA), …

Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency. Crypto-native microchip It all began when IOHK, the company charged with the development of Cardano (ADA), …

No, ISIS Does Not Have $300M in a Bitcoin ‘War Chest’

Blockchain forensics firm Chainalysis has published a report debunking a number of popular narratives surrounding the use of crypto to finance terrorism. The report emphasizes the harm of false reporting in spreading misinformation and damaging the reputation of firms operating with virtual currencies. As “a trusted investigative partner to governments around the world, preventing terrorists …

Many People Know About DeFi, But Few of Them Use It

Cryptocurrency price aggregator CoinGecko conducted a survey with almost 700 of its users to learn more about the trends in decentralized finance (DeFi). The report, published on May 20, highlights that many cryptocurrency users heard about DeFi and some of its better known projects, but few of these are actually using it. Out of its …