Top 5 news of the blockchain industry

Greetings, friends! We continue to tell you about the latest news and events of the blockchain world. Read today’s digest to stay up to date.

Bank of America reveals new blockchain patent

Bank of America wants to patent a system using blockchain technology to improve cash handling. BoA explains there remain communication difficulties in aspects of cash handling duties across banks’ huge operations, and suggests blockchain could help ease these.

In many instances, however, it may be difficult to integrate such cash handling devices with technical infrastructure that supports banking operations and other operations while also optimizing the efficient and effective technical operations of the cash handling devices and various related computer systems.

UN partnership to roll out blockchain-based services

The United Nations Office on Drugs and Crime will reportedly partner with blockchain-based telemedicine and telepsychology firm to expand free basic healthcare services across Eastern Africa. Up until now, the company has reportedly operated in 20 countries, most recently opening an office in the United States. Its data and healthcare service ecosystem uses an ERC20-compatible token dubbed “MTC,” which is currently tradable on several crypto exchanges, such as Singapore-based Coinbene and Kucoin.

According to statistics on the company website, over 130,000 users have to date used its telemedicine services and almost 70,000 have used its, “Emotions,” telepsychology platform.

Japan’s Mizuho Financial Group to launch yen-pegged stablecoin

Mizuho Financial Group, which is one of the largest financial institutions in the world and the second-largest financial services group in Japan, is reportedly launching its own yen-pegged stablecoin in March 2019 in a bid to promote cashless payments at Japanese retailers.

This new as yet unnamed stablecoin is the result of the J-Coin project, which was announced in December 2017 by Yasuhiro Sato, who was President of MHFG at the time.

India might legalize cryptocurrency

In a recent update, an interdisciplinary committee set up by the government is now in favor of legalizing and regulating cryptocurrencies rather than putting an outright ban shunning them from the economy.

We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalized with strong riders. Deliberations are on. We will have more clarity soon.

South Korean criminals use privacy crypto ‘DarkCoin’ for drug trades

Nine people from South Korea were arrested by the authorities on the charge of selling drugs for cryptocurrencies. Criminals were selling drugs using the crypto “DarkCoin,” a cryptocurrency that provides increased transaction anonymity and privacy to their users.

The accused made a whopping 100,000 won ($88,700) through drug trades in DarkCoin.

Thank you for attention!

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