On March 27, it was reported that a Russian billionaire named Vladimir Potanin is in the process of launching a cryptocurrency based on palladium. Potanin is the CEO of a company called MMC Norilsk Nickel PJSC, which mines and smelts both palladium and nickel. He wants to launch a number…
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99Crypto
Cryptocurrency May Be Spreading to Vietnam via Swiss Influence
According to a published March 22nd press release, Swiss blockchain company KRONN Ventures AG has signed a memorandum of understanding (MOU) with Linh Thanh Group, Vietnam’s biggest distribution company, to start a cryptocurrency exchange. Their collaboration is meant to make the production of digital currency and the creation of…
Follow These Important Blockchain and Digital Currency Updates This Week
On March 26th, AdWeek reported that The Hershey Company has joined the AdLedger, a blockchain-based association. This marks the first time that the American chocolate giant joins a blockchain form of advertising. MadHive started as a blockchain company and eventually joined Tegna and IBM to found AdLedger. The blockchain consortium…
Bermuda's Leniency Toward Cryptocurrencies May Soon Change With New Rules
David Burt, the Premier of Bermuda, argues that a situation similar to QuadrigaCX couldn’t have happened in Bermuda due to the country’s current legislation regarding cryptocurrencies. These statements were made during an interview on Fortune’s “Balancing the Ledger” program on March 25th. Burt issued his comments about…
Digital Currency Tether Changes Reserve Policy
It is being reported that Tether has changed the way it provides surety for its tokens. Many users have noted these changes on Tether's website, adding further controversy for the stablecoin. Tether is a digital currency that is different than most others, such as Bitcoin. Instead of its…
DOA Vote Increased Stability Fee for DAI Stablecoin
The stability fee for Maker’s DAI Stablecoin has been raised by 4 percent due to a vote by Decentralized Autonomous Organization (DAO) users. DAI stablecoin is the first decentralized stablecoin on Ethereum (ETH). What's notable about it is that it automatically responds to market changes to stabilize…