Continental Unveils Demo Earning App for Blockchain-Based Car Platform

Automotive supplier Continental is providing a demonstration of its data monetization platform with an earning app for sharing car parking data. Automotive supplier Continental has unveiled an application called Earn As You Drive, which uses blockchain technology to monetize car user information. Parking space data for digital currency Forbes reported the news on Aug. 29. Per the report, Continental has partnered with tech firm Hewlett Packard Enterprise and open source network provider Crossbar.io to create Earn As You Drive. This application reportedly lets drivers opt in to earn digital currency…

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1.4 Million Brazilian Point-of-Sale Devices to Support Crypto Payments

Cielo, the largest credit card processing company in Brazil, recently announced support for cryptocurrency payments on its point-of-sale devices. Cielo, the largest payment processing provider in Brazil, has unveiled support for Bitcoin (BTC) and cryptocurrency purchases on its point-of-sale (PoS) devices. Crypto payments via QR codes Cointelegraph Brazil reported the news on Aug. 30. According to the report, users can make crypto payments through Cielo PoS devices via QR codes. The PoS machines generate QR codes for payment, and the customer can then use a smartphone in order to scan…

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South Korean ArtBloc to Sell David Hockney Paintings via Blockchain

South Korean art-focused project ArtBloc to conduct a fractionalized ownership sale of artwork by British painter David Hockney. South Korean art-focused blockchain project ArtBloc will conduct a fractionalized ownership sale of two paintings by popular British painter David Hockney. ArtBloc launch commemoration ArtBloc plans to host a special event introducing the blockchain-enabled fractionalized ownership sale of two of David Hockney’s paintings in Seoul on Sept. 19, local outlet KoreaTechDesk reported on Aug. 29. “Hockney Night with ArtBloc” will also function as ArtBloc’s launch party, where art enthusiasts will be able…

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Contradicting Reports Emphasize The Rise And Fall Cryptojacking

Following reports that the alleged Capital One hacker was using servers to mine crypto, cryptojacking is on the tip of the space’s tongue. Unfortunately, there seems to be a bit of confusion as to how prevalent cryptojacking is, with a recently released study from McAfee Labs and information from the cybersecurity firm Bad Packets suggesting malicious miners are both on the rise and experiencing a downward trend.

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20 Tether Transactions Flip Their Omni Equivalent Tether Dominance in the East and Plans for a Digital Yuan Called CNHT Bitfinex shareholder…

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Jaguar Uses Iota in Proof-of-Concept Demo for Tracing Car Energy

In a proof of concept demonstration, a Jaguar I-Pace uses Iota’s DLT to track and display the car’s energy source and usage to the public. Distributed ledger technology (DLT) company Iota partners with auto manufacturer Jaguar Land Rover for a proof-of-concept (PoC) demonstration for tracing car energy with DLT. Tracking energy source and usage Iota announced the news in an official blog post on Aug. 30. Per the announcement, Iota is partnering with Jaguar Land Rover and French energy R&D center Engie Lab Crigen for the demonstration. The demonstration aims…

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Bitwala Launches Mobile App for Bitcoin Banking

Bitwala, a blockchain banking service based in Germany, has launched a mobile application that lets users open a German bank account with an integrated bitcoin wallet on their smartphones. “Berlin-based Bitwala enables customers in more than 30 European countries to buy, sell, and store bitcoin,” according to a press release shared with Bitcoin Magazine. “The current accounts are hosted by solarisBank, a Berlin-based tech platform with a German banking license, and are supervised by the Federal Financial Supervisory Authority (BaFin).” The app is available on both Android and iOS platforms. …

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Unconfirmed: Boeing Joins IBM on Hedera Hashgraph’s Governing Council

American aircraft giant Boeing is joining the governing council of enterprise-focused decentralized network Hedera Hashgraph, according to Coindesk. Major global aerospace manufacturer Boeing has reportedly joined the governing council of enterprise-focused decentralized network Hedera Hashgraph. Ten members so far The American aircraft giant is the 10th firm in the list of Hedera’s governing council members, including tech giant IBM, Japanese financial holding company Nomura Holdings, Indian telecom Tata Communications and financial services firm FIS Global, Coindesk reported on Aug. 29.  According to the report, Boeing has not officially confirmed the…

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Why Did Bitcoin Price Drop Below $10K and What Do We Look for Next?

$9,100 is the last line in the sand for Bitcoin price after a rough week and with future movements uncertain. Well, Bitcoin (BTC) decided to take the bearish path, or maybe larger players that shape the market made the choice for it. The ascension from the narrowing pennant proved to be a fakeout and a tweezer top at $10,278 was followed by a sharp reversal all the way to the bottom of the larger bull pennant that Bitcoin has traded in since topping out at $13,800 on June 26th.  The…

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