Blockchain
United Kingdom’s Unicorn unveils blockchain services for all industries
Blockchain has proven to be more than just a hype with a survey suggesting that as much as 10 percent of the global GDP could be stored on blockchain by 2025. Riding on this trend, UK technology company Unicorn is aiming to use its technology to further promote blockchain to different industries.
“Unicorn’s technology will be an innovative step into Industry 4.0 and we will create a blockchain technology revolution that will comprehensively bring a positive impact to all areas and businesses in countries that Unicorn is targeting.” Said Kim Waddoup, CEO of Unicorn.
Unicorn Surf: A secure and speedy network
At the core of Unicorn’s business is the Unicorn Surf network which is operated by blockchain technology. The network is split into two to optimize speed and ensure the highest level of security. It is regularly upgraded to meet the needs of individuals and businesses. To optimize speed, Unicorn also applies data stratification to ensure data remains secure while transferring at top speed. For example, if data hasn’t been processed within two to three seconds, Unicorn’s second network will join into accelerate the processing speed.
To adopt smart contracts to industries beyond finance, Unicorn is utilizing the Hybrid Smart Contract with fundamental technical solutions to adapt various economic activities.
Unicorn provides blockchain education
Apart from providing blockchain technology services, Unicorn also strives to further promote this blooming technology. To each region Unicorn expands its operations to, the company will establish a legal entity or form a cooperation with local partners to support and research the use of blockchain technology. At the same time, the team will enhance the community education of this technology.
Unicorn helps businesses adapt to blockchain technology
For businesses, Unicorn provides the Business Gateway solution which enables easy connectivity for enterprises when accessing a blockchain technology platform. This also helps businesses handle operations such as raising capital, issuing bonds and stocks, marketing campaigns, managing human resources, and operating production processes.
Unic Brain is the first artificial intelligence platform built on blockchain technology used for education and training development. Automatically solving complex business models, this platform is expected to create core changes in this technology over the next decades and rival Google.
Unic Chain, meanwhile, is a global ecosystem of traditional businesses that applies blockchain technology and artificial intelligence to their operation model. Unicorn partners with different technology companies and online platforms to offer one-stop solution to clients. The partners include:
- Google for using the processing system of map data
- Facebook for processing the users’ data
- Booking.com to learn about travel habits and behaviors
- Grab for shipping operations in different countries
- Ones-mart.net which is a startup that creates an e-commerce supermarket chain between buyers and sellers around the world
Unicorn provides the highest level of security
To ensure safe and reliable storage and transfer of data, Unicorn utilizes the ID Verify Platform which provides multi-domain traceability and requires authentication by a third-party network. In the e-commerce industry, this system is used to verify sellers’ data to determine they are real and trustworthy. In addition, all transactions are recorded for the buyer community to evaluate the sellers. This ID Verify Platform is also utilized to reduce other complex verification procedures.
Looking forward, Unicorn is looking to unveil the technical whitepaper of Unicorn Surf in November. Unicorn Fintech Company in the United Kingdom is responsible for promoting the company’s technology worldwide.
In August 2020, the Unic Traceverify, an origin traceability platform will be launched. Targeting the commerce and agriculture sectors, this platform will provide transparency in product origin and transactions.
SOURCE Unicorn
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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