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Akon, 45, is building a new futuristic cryptocurrency city in Senegal . Residents of this city will use and pay exclusively for a cryptocurrency called AKoin. According to an American singer of Senegalese descent, the new cryptocity will be built on 2,000 acres of land and is located near the capital of Senegal, a 5-minute drive from the new international airport. While the city’s project is still under development, it could take decades to build. The first phase of construction began in March last year, the second is scheduled to begin by 2025. The life of the city will revolve around a cryptocurrency called AKoin , the launch of which is scheduled for early July this year. Users will be able to buy goods using AKoin directly from their smartphones, which theoretically will stimulate cryptocurrency and financial stability in the urban infrastructure. Akon admits that he does not delve into the technical details of the project, but focuses more on the big...

Venezuela begins selling oil for Petro tokens. Venezuelan President Nicolas Maduro announced the start of sales of Venezuelan oil for the national cryptocurrency Petro . The president said that not only oil, but also Venezuelan steel, iron and aluminum will be shipped for Petro. Later, Venezuelan gold will be added to this list. Nicolas Maduro has already signed a decree on the sale of 4.5 million barrels of oil produced by the state-owned company Petroleos de Venezuela SA for Petro cryptocurrency. Speaking to the Constituent National Assembly, Maduro said that soon all transactions for the sale of oil will be carried out in the national cryptocurrency. Launched in February 2018, the Petro coin is provided by Venezuelan gold and oil. The Venezuelan government assures that the currency is provided with a huge oil reserve and is actively promoting the use of the national cryptocurrency as an alternative to the US dollar. Maduro claims that the Petro coi...

Samsung will develop artificial intelligence for the benefit of people. Samsung joined the Partnership on Artificial Intelligence for the Benefit of People and Society (PAI), which was created in 2016 for the joint work of public, scientific and IT organizations in the development of artificial intelligence technologies. Samsung continues to develop its program of products and services for a convenient “networked lifestyle” (Connected living). The company is opening new centers of artificial intelligence , working on the creation of new technologies, and now has joined the Partnership on Artificial Intelligence for the Benefit of People and Society, a platform for discussions, research and the creation of best practices in the field of AI technologies . PAI was established in 2016 and is an industry technology consortium that conducts research, development and promotes artificial intelligence technologies in society. Currently, the organization includes more than 70 par...

Africa Blockchain Institute to open blockchain school in Rwanda. The Africa Blockchain Institute (ABI) announced that in 2020 it will open the first blockchain school in Rwanda with five new courses for local developers, industry professionals and officials. ABI Executive Director Kayode Babarinde explained that the courses will focus on the basics of distributed ledger technology and the use of blockchain in the corporate industry, as well as in marketing and law. Babarind noted that before the school was opened in Rwanda, an experimental course was conducted in Ghana in order to receive feedback from “students” and to know their further wishes. Based on the experience of the participants in this pilot course, the curriculum of the Rwandan school had to be reviewed and necessary changes added. Kayode Babarinda also emphasized that the support of Norbert Haguma, Chairman of the Blockchain DLT Rwanda Association, has become a key factor in opening a school i...

You’ve probably heard about blockchain technology through cryptocurrency, but did you know that blockchain technology is expected to revolutionize industries like real estate and banking? Blockchain is one of the most revolutionary technologies of the last few decades. And it is only getting started. Blockchain is one of the most disruptive technologies in recent times. It seems it is set to disrupt and revolutionize many industries in the next few years. If the future is truly decentralized, then the blockchain will undoubtedly be at the heart of this future . In the end, the concept and ideas of decentralization were born thanks to the advent of the blockchain. Banking Banking (and financial services) is perhaps the priority when it comes to the use of blockchain in established industries . Such concepts as commissions, time spent, bureaucracy, fraud, etc. are traditionally associated with the banking industry. And the blockchain proposes to eliminate these stereoty...

The fashion industry, like many other retail sectors, is currently considering the countless opportunities provided by blockchain technology to find sustainable solutions for its business. The first edition of the Circular Fashion Summit which took place in Pari s, in which industry participants discussed how blockchain can bring the most benefit to the fashion industry. But what exactly is blockchain technology, you ask? This is a decentralized distributed ledger in which transactions are stored sequentially . In short, it is a technical tool that allows companies to store and transmit information throughout their supply chain — from manufacturers to distributors, with complete transparency and security. In the retail sector, blockchain is often translated into a QR code , which is subsequently assigned to each item of clothing — a code that can track the complete history of the item of clothing. Thus, each wool yarn could potentially be associated with the name of the a...

Blockchain seems to be the best solution to get rid of fakes . The use of distributed registry technology in the fashion industry can save genuine brands and designers from the intrusive attention of fake manufacturers. Many projects are now considering the use of technology in the fashion industry to provide transparency, security and authenticity to both designers and end users. One such project harnessing the potential of blockchain technology is Curate . Curate was created with the intention of providing users with easy access to exclusive and unique fashion products by small and large retailers and designers. This is a decentralized style finder app that rewards users for contributing to the platform with cryptocurrencies such as ETH, BTC and its own CUR8 token. Brands and retailers such as LV, Zara, Gucci, Prada and Amazon have become partners with Curate to take advantage of the blockchain technology used by the platform. The technology helps brands protect cus...

Blockchain  — the Biggest Breakthrough in Healthcare in 50 Years. Blockchain technology is typically associated with cryptocurrencies, but it can also be applied to new industries — one of which is the medical field. The technology is being explored as a way to create a shared network of healthcare data , and could hold the key to the future of electronic medical records. New technology is the future of the healthcare industry. While many types of digital technology have transformed the industry, blockchain is one of the biggest breakthroughs in at least half a century. It will shape the industry in everything from protecting medical records, offering better patient packages and streamlining billing. That’s what Massachusetts General Hospital is hoping, for instance, with the partnership announced this past month with MediBloc , a Korean blockchain startup . The aim is to pilot new DLT-based storage and exchange mechanisms that complement, rather than supplant, its...

Souvenir coin For collectors, you can order a decorative coin, for example, on AliExpress. The coin itself has no value, so you can present it as a comic gift. Another option is to attach a wallet address to the coin, to which you can transfer any amount, and a private key for access. Then transfer any amount from your wallet to the generated address. It remains only to print QR codes for access to the wallet with a gift and stick it on a souvenir coin. Bitcoin Futures A way for extremely advanced and wealthy investors. On December 10, 2017, the Chicago exchange Cboe Global Markets for the first time in history began trading futures. Through a broker, you can now buy a contract with a deadline. The obvious disadvantages are the complexity of the purchase and the high cost, since the unit of the contract is one bitcoin. SMS gift If you do not want to be wise at all, you can simply send a message to the recipient with congratulations and a request to send his wall...

New crypto-exposed professional investment funds are arising and they will be based on strategies in the future. If you are a professional investor or an assimilated investor, it could be an interesting topic. French asset management company Napoleon has launched a new fund linked to the Chicago-based Mercantile Exchange (CME) bitcoin futures calculated in traditional currency. Napoleon Bitcoin Fund is aimed at large institutional investors, and the minimum contribution in it is 100,000 euros. The tool is promoted by the company as an “ideal” means of diversification and optimization of the risk-return ratio in portfolios. “The fund is designed to reproduce bitcoin movements through futures of the Chicago Mercantile Exchange, which avoids the need to store and evaluate bitcoin,” the company said. The fund is regulated by the French Financial Markets Authority (AMF ). Napoleon President Stefan Ifra said the launch of the fund was “the culmination of negotiations with the...

The Correos agreement is not the only new initiative to use blockchain to mitigate corporations environmental impact. Other Spanish companies such as energy start-up Greenb2e also have tokenization projects for the use of renewable energy. In particular, this project seeks to promote ecological practices for companies. Another Spanish project launched December this year has the backing of Spain’s largest department store chain El Corte Inglés, in partnership with the Energías de Portugal (EDP) group . Through this project, both entities will certify the use of renewable energy in El Corte Inglés stores , starting with a pilot in the towns of Malaga, Seville, and Cádiz. This is also not Spain’s only pledge to incorporate emerging technology into its infrastructure. In July 2018, more than 130 deputies of Spain’s Popular Party drafted a bill proposing the  implementation of blockchain technology to make government administration more transparent and efficien...

The majority of the world’s population learned what bitcoin is. And this amazing cryptocurrency has become extremely popular. The Internet is full of instructions for buying and getting started with cryptocurrency . And we, together with the team of CupoNation online code service, tell us how to give Bitcoin as a present. Why bitcoin? What is bitcoin, where is it taken and what can be done with it? Where can I get bitcoin and how can I use it? Firstly, the gift will definitely be remembered for a long time. Most likely, your friends or relatives will receive cryptocurrency for the first time on New Year . So, this is a great gift for those who “already have everything.” Secondly, bitcoin is not only an unusual gift, but also a profitable investment . According to RBC, the first Bitcoin billionaire Cameron Winklevoss predicts cryptocurrency 20-fold growth in the future. Thirdly, you yourself can determine the value of the gift. We share bitcoin and do not have ...

The US Securities and Exchange Commission (SEC) has issued permission to launch an investment fund for bitcoin, which will be managed by Stone Ridge. SEC Reviewing Bitwise ETF Application Again. The new fund will invest exclusively in bitcoin futures, calculated in fiat currency, which will solve regulatory issues regarding market manipulations. According to the application, the fund is suitable for institutional investors with long-term plans and is “closed-type non-diversified investment company”. The shares of the fund will not be placed on any exchanges, and only institutional investors will have access to them. Moreover, shares cannot be sold or bought on a daily basis, however, periodically, investors will be able to sell part of their shares back to the fund. The value of the shares will be $ 10 apiece. As noted by the director of the SEC Investment Management Division Dalia Blass, the fund is distinguished by the fact that futures are calculated in f...