Markets Crash After Reports That Binance’s Shanghai Office Closed in Crypto Crackdown

Chinese authorities have reportedly raided and shut down the Shanghai offices of leading cryptocurrency exchange Binance.  Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees reportedly worked out of the Shanghai location. Binance has not responded to Cointelegraph’s requests […]

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Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters

Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are ready for immediate commercialization to serve as a “liquid, physical, material backing” for the Petro.  The president announced the […]

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Dutch Soccer Assn. Trials Blockchain App at EU Championship Qualifying Match

The Royal Dutch Football Association (KNVB) trialed a new blockchain-based ticketing app during yesterday’s Netherlands-Estonia European Championship qualifying match. The news was reported by Ajax Life, a fanzine associated with the top tier Dutch football club AFC Ajax, on Nov. 19. Replacing tickets with an app Yesterday’s match was hosted at the Johan Cruijff Arena […]

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French Cybercrime Division Uses Smart Contacts on Tezos Blockchain

The French Armies and Gendarmerie’s Information and Public Relations Center has validated judicial expenses incurred during investigations on the Tezos (XTZ) blockchain. A press release published on Nov. 20 notes that the Gendarmerie’s cybercrime division (C3N) used the system to buy cryptocurrency from Europol-allocated funds and cover its operational costs with those assets. Blockchain ensures […]

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Two European Salmon Producers Use IBM’s Blockchain Platform to Track Supply Chain

Salmon farming company Cermaq and smoked salmon producer Labeyrie began using IBM’s cloud blockchain technology to trace their product supply chains. Cermaq announced the development in a Nov. 20 press release, revealing that it cooperated with Labeyrie and IBM’s blockchain platform IBM Food Trust to enable customers to get information about the salmon value chain. […]

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