There is no doubt that when it comes to applying modern technology, Austria remains to be the leader in all of Europe. As such, it is able to make the all-around welfare of its people much better. Interestingly, the idea of making cities “smart” and digital play a crucial role in the transformation of all public goods and services.
Cryptocurrency Market Updates
The US-based major cryptocurrency exchange Coinbase issued a press release on May 17 that its Coinbase Earn program was now open to the public in more than 100 countries.
The e-commerce giant Amazon has been granted a patent for a PoW (Proof-of-Work) cryptographic system. The patent was first filed in December 2016, and was finally granted by the USPTO (United States Patent and Trademark Office) on Tuesday, May 16.
The Chief Executive Officer of Polychain Capital Olaf Carlson-Wee stated that Facebook should build its rumored stablecoin on a public blockchain. Carlson-Wee made this statement during the panel discussion called To the Moon and Back at the Consensus 2019 conference.
According to local news reports, Facebook has hired 2 of Coinbase’s veterans for its compliance division this month. At least one of them will be involved with the company’s blockchain initiatives.
According to a press release on May 13, Uphold, the US-based payments startup will be using French cryptocurrency hardware maker Ledger’s technology to improve security on its platform.
The Chief Executive Officer of Binance, Changpeng Zhao announced that the cryptocurrency exchange planned to complete resume withdrawals and deposits by Tuesday, May 14. The announcement was made during an update on May 12.
The Ethereum Foundation has revealed its plans on how to spend its $30 million resources. Apparently, it will be used on its ecosystem development, which will reportedly cover the next 12 months. Aya Miyaguchi, the executive director of the foundation, announced the plan during the ConsenSys-organized Ethereal Summit.
According to a press release issued by crypto securities company Curv on May 10, it has partnered with Munich Re, an insurance company to get $50 million in insurance coverage.
According to documents released on May 9, the US SEC (Securities and Exchange Commission), the American financial regulator, is reviewing a new application for a Bitcoin (BTC) and Ethereum (ETH) exchange traded fund (ETF).