Connect with us

Blockchain

IBM Pilots Blockchain Solution For Primary Teachers’ Pensions in Bangladesh

Avatar

Published

on

IBM has announced an initiative to build a distributed ledger technology, or DLT, based architecture to underpin the digital pension system for Bangladeshi primary school teachers.

The proof-of-concept comprises a permissioned network of teachers and other stakeholders powered by the IBM Blockchain Platform, with pension information uploaded to the blockchain to ensure tamper-resistant record-keeping and offer security assurances to teachers participating in GBB’s e-pension system.

The pilot is being conducted in partnership with the Bangladesh Computer Council, BCC, a government overseeing IT policy in the country.

IBM’s blockchain platform is slated to host the live version of the digital pension infrastructure.

Bangladeshi govt modernizes pensions with DLT

“We believe blockchain will increase confidence in the e-pension system by ensuring that payouts are based on accurate and authentic information,” said BCC’s executive director, Parthapratim Deb. 

Deb predicted that the pilot will inspire further blockchain initiatives from the Bangladeshi government, stating: “Its success will likely encourage other agencies to explore applications for our core blockchain platform, furthering BCC’s mission of transforming governmental digital services.”

The pilot was proposed by developers representing the Bangladesh National Digital Architecture team, or BNDA, with the BNDA having previously built an e-governance framework to standardize the delivery of digital services across Bangladeshi government agencies.

IBM expands blockchain operations in Bangladesh

IBM has launched a number of blockchain initiatives in Bangladesh over the past 12 months, partnering with both public and private entities.to modernize many of the systems underpinning the organization of Bangladeshi society.

In December, IBM collaborated with local firm IPDC Finance Limited to launch the country’s first DLT-based supply chain financing platform, Orjon

Three months prior, the country’s Ministry of IT selected IBM as the technology partner for establishing a digital technology research hub in Bangladesh’s capital city, Dhaka. The facility is intended to expedite innovation in breakthrough technologies including blockchain, artificial intelligence, and big data.

Source: https://cointelegraph.com/news/ibm-pilots-blockchain-solution-for-primary-teachers-pensions-in-bangladesh

Blockchain

Billionaire Mike Novogratz Builds Bitcoin Position on Prescience

The sentiment in the crypto community has shifted now that the bulls are back in charge. With the bitcoin price trading within striking distance of $12,000, investors know from experience that this could be just the beginning of another major rally. Billionaire investor Mike Novogratz seems to think so. The Galaxy Digital chief tweeted to […]

The post Billionaire Mike Novogratz Builds Bitcoin Position on Prescience appeared first on BeInCrypto.

Avatar

Published

on

The sentiment in the crypto community has shifted now that the bulls are back in charge. With the bitcoin price trading within striking distance of $12,000, investors know from experience that this could be just the beginning of another major rally.

Billionaire investor Mike Novogratz seems to think so. The Galaxy Digital chief tweeted to BeInCrypto that he added to his bitcoin position on Oct. 19, a decision made on prescience leading into a rally on Oct. 20.

And it’s what he had to say about where the BTC price is headed that could give investors a chance to capitalize on the momentum.

Novogratz expects that once bitcoin takes out $12K, not only does it move higher from there but it will do so quickly. He points to the fundamentals, including “too much demand from new participants,” as the catalyst. Novogratz told BeInCrypto,

Advertisement

Continue reading below

Bitcoin’s Rough Resistance

The $12K level is an important threshold for several reasons. Many consider it tough resistance and the BTC price has not been able to overcome it of late. Recent sessions have seen it remain stuck between the $10,000 and $11,000 area.

Once bitcoin manages to reattain this milestone, the last time of which was August 2020, pundits argue it could be off to the races again.

Bitcoin bull Ivan on Tech, who posts daily videos on YouTube where he has more than 260,000 subscribers, has been giving the play-by-play. He pointed out on Oct. 20 that the bitcoin price actually went straight to $12,000 but got rejected there, which according to him is “all according to plan.”

Once the bitcoin price successfully breaks this level, Ivan on Tech is expecting big things, exclaiming in a tweet,

“Bitcoin will break $20,000 like a massive BOSS.”

The entire crypto community is likely glued to their screens to see if history repeats and the bitcoin price rallies to the moon.

Source: https://beincrypto.com/billionaire-mike-novogratz-builds-bitcoin-position-on-prescience/

Continue Reading

Blockchain

Latvian Financial Watchdog Issues Crypto Fraud Warnings

Latvia’s  Financial and Capital Market Commission (FCMC) has issued a notice to investors to refrain from indulging in malicious digital currency platforms and fake opportunities. The regulator also listed some “signs of fraud” to help individuals identify these deceptive practices. In an official statement published by the FCMC, investors were urged to stay vigilant against […]

The post Latvian Financial Watchdog Issues Crypto Fraud Warnings appeared first on BeInCrypto.

Avatar

Published

on

Latvia’s  Financial and Capital Market Commission (FCMC) has issued a notice to investors to refrain from indulging in malicious digital currency platforms and fake opportunities.

The regulator also listed some “signs of fraud” to help individuals identify these deceptive practices.

In an official statement published by the FCMC, investors were urged to stay vigilant against the growing number of investment opportunities that target individuals across different channels.

According to the FCMC, cryptocurrencies, and associated platforms within Latvia function with a lower degree of regulation when compared to many other financial markets. It claims this makes attacks more prevalent in the country.

The regulators also mentioned that these attacks might be difficult to detect at first because they oftentimes use “the names and images of renowned companies.”

Advertisement

Continue reading below

Uptick in Fraud

Many online advertisements used for fraud purposes lead unsuspecting victims to fancy websites that give them a false sense of security.

The FCMC noted that online fraudsters are constantly on the watch for new ways to extort money from potential victims and that they will often contact investors via email or other popular social media platforms, and even sometimes by phone.

The scammers normally try to mislead investors into buying currencies that don’t exist, refuse withdrawals, or demand that they pay exorbitant amounts for transfers of funds.

The FCMC has welcomed residents to check with the watchdog in order to verify the legitimacy of any platforms or services before actually investing any money. The regulator also listed verified financial service providers on its website.

Source: https://beincrypto.com/latvian-financial-watchdog-issues-crypto-fraud-warnings/

Continue Reading

Blockchain

Upgraded XMR Becomes Best Performer Among Top 15 Coins: Analysis

The upgraded XMR coin becomes the best performer among the top 15 coins by market capitalization as we are reading more in our latest monero news. The privacy-focused cryptocurrency became the best performing coin among the top 15 tokens by market cap after it launched the network update over the past week. The upgraded XMR […]

Avatar

Published

on

ADVERTISEMENT

The upgraded XMR coin becomes the best performer among the top 15 coins by market capitalization as we are reading more in our latest monero news.

The privacy-focused cryptocurrency became the best performing coin among the top 15 tokens by market cap after it launched the network update over the past week. The upgraded XMR ranked 14th by market cap and trades at $127, increasing by 5% in the day, trimming the weekly losses to less than 4%. At the same time, other major coins from the top 15 which are less than 3% in a day. XMR increased today after a slight reaction to the expected update which was launched on Saturday.

Initially announced in August 2020, Monero’s latest Oxygen Orion update brings some more important improvements to the network at a time when the regulators are getting increasingly worried about the privacy coins. The latest update brings the so-called compact linkable spontaneous anonymous group feature.

coinpaprika
Source coinpaprika.com

As per the Monero blog, the CLSAG update allowed smaller and tighter transactions and will also reduce the transaction size by about 25%. This will also improve the transaction times by 10% and will bolster privacy with Dandelion ++ which is a feature that aims to protect users’ IP addresses. The latest update release comes not too long after another speed and security-centric upgrade named Nitrogen Nebula was launched which was one of the many upgrades that went live in the past few months.

ADVERTISEMENT

Right before the release, Monero enjoyed an increase in price and moved up by about 35% in a month and 125% in a year while the US Department of Justice released a new report that explains the risks of end-to-end encryption along with the US Internal Revenue Service which declared war on privacy coins, offering a bounty of about $625,000 to crack Monero’s privacy code.

Monero approaches key resistance, xmr, privacy

Now, Monero scales up to 20 times while compared to the other upgrades, there will be no change to Monero’s mining algorithm was frequently modified to disadvantage the ASIC miners. The project’s upgrade from 2019 included RandomX which means that the network no longer needs changing to its mining algorithm for ASIC resistance. Though not directly related to the upgrade the development of the community project is progressing. The community developers have been working on the atomic swap which allows users to exchange Monero for other coins. The proposal for the project has reached full funding as of late.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/monero-news/upgraded-xmr-becomes-best-performer-among-top-15-coins-analysis/

Continue Reading
Esports2 hours ago

Rep. Alexandria Ocasio-Cortez’s Among Us stream peaks at over 400,000 concurrent viewers

Aerospace3 hours ago

Space Force stands up operations command in Colorado Springs

Esports3 hours ago

Hikaru Nakamura challenges President Barack Obama to a game of chess

Esports3 hours ago

PUBG Mobile reveals first virtual band, Power4

Esports4 hours ago

Lee Sin added to League of Legends: Wild Rift

Esports4 hours ago

How to use the AR Mapping features in Pokémon Go

Esports5 hours ago

Hundreds of Twitch partners have received DMCA takedown warnings

Esports5 hours ago

Haksal retires from professional Overwatch

Energy5 hours ago

CO.R.D.A.R Valsesia adopt innovative Israeli wastewater data solution to reduce water degradation in the Italian Alps

Techcrunch5 hours ago

Political strategist turned tech investor Bradley Tusk on SPACs as a tool for VCs

Esports5 hours ago

Armada or Mang0: Super Smash Bros. Melee community debates best player ever

Energy5 hours ago

Commencement of Cash Tender Offer for Ascent Resources Utica Holdings, LLC’s and ARU Finance Corporation’s 9.00% Senior Notes due 2027

Techcrunch5 hours ago

Watch GM unveil the $80,000 GMC Hummer EV right here

Energy5 hours ago

Entrada de Pedidos da Indústrias Romi atinge R$313,4 milhões, crescimento de 65,5% em relação ao 3T19

Gaming6 hours ago

AOC aims to get out the vote by streaming Among Us with pokimane and HasanAbi

Energy6 hours ago

Berkeley Lab Building Efficiency Campaign Drives $95M in Annual Energy Savings

Automotive6 hours ago

Feast your eyes on the all-new, all-electric GMC Hummer EV

Techcrunch6 hours ago

GMC reveals the Hummer EV: 1,000 HP, 350 mile range, and 0-60 in ‘around 3 seconds’

Esports7 hours ago

Riot lays out buffs, nerfs, and other changes coming in League Patch 10.22

Aerospace7 hours ago

NASA’s OSIRIS-REx spacecraft lands on asteroid in bid to collect samples

Aerospace7 hours ago

OSIRIS-REx touches down on asteroid

Esports8 hours ago

Everything we know about Verizon’s Wild Rift Invitational

Esports8 hours ago

AZR open to European offers

Fintech8 hours ago

Unblu Teams Up with Celero, LUKB to Boost Digital Customer Engagement

Aerospace8 hours ago

Lockheed Martin executives commend ULA for fighting back against SpaceX

Finland
Esports8 hours ago

FunPlus Phoenix in talks to sign GODSENT roster

Energy9 hours ago

Hycroft Appoints Stanton Rideout As Executive Vice President & Chief Financial Officer

Aerospace9 hours ago

Op-ed | Space Force should break the mold in recruiting and retaining talent

Energy9 hours ago

GWS Tool Group Announces Acquisition of STF Precision (STF)

Energy9 hours ago

Global Print and Apply Labeling and Labeling Equipment Market Outlook to 2027

Energy10 hours ago

Algonquin Power & Utilities Corp. Announces Dates for Third Quarter 2020 Financial Results and Conference Call

Energy10 hours ago

Lida Resources Unaware of Any Material Change

Energy10 hours ago

$32.1 Billion Worldwide Liquid-Immersed Transformers Industry to 2027 – Impact of COVID-19 on the Market

Aerospace11 hours ago

Bipartisan group of lawmakers launches House Space Force Caucus

Aerospace11 hours ago

Live coverage: OSIRIS-REx makes touch and go landing on asteroid

Fintech12 hours ago

Moxtra, Digital Transformation, and the Marketing Mindset

Energy12 hours ago

American Electric Power Receives First NAPPC Pollinator Electric Power Award

Denmark
Esports12 hours ago

Official: MAD Lions complete lineup with refrezh and HooXi

Energy12 hours ago

Garrett Announces Acquisition

Russia
Esports12 hours ago

forZe take down NAVI in IEM New York CIS

Trending