App

Thailand has been very supportive of the development and application of blockchain technology in recent years. Its Energy Ministry is now launching fresh research to ascertain the use of blockchain technology in its palm oil sector.

On April 24, The governor of Kentucky endorsed a six-member Blockchain Technology Working Group charged with the responsibility of examining the applicability of blockchain technology for safeguarding the various utility sectors including electricity, water, telecom, and more.

The Agricultural Bank of China (ABC), one of China’s state-owned banks released something which appeared to be the beta version of the anticipated Central Bank Digital Currency (CBDC) after a screenshot of the app was widely circulated on WeChat, the country’s equivalence of Facebook.

On April 10, HTC disclosed a plan to support its flagship blockchain phone, EXODUS 1s, with a Monero mining feature. This signifies a start of mobile mining, which holds a promise to bring power costs down and make cryptocurrency mining more decentralized.

On March 3, China's Hunan Province announced the establishment of the Hunan Blockchain Industrial Park relying on Loudi Wanbao New District, marking the first provincial blockchain park in Hunan.

The SEC recently responded to Wilshire Phoenix’s Application for the approval of a proposed rule change to launch a Bitcoin ETF. SEC rejected the citing insufficiently weak strategies for combating major common  financial crimes such as Market manipulation and Money laundering.

The US SEC has finally revealed it’s long awaited position on the bid filed by Wilshire Phoenix for a Bitcoin ETF. Wilshire Phoenix filed its application for a Bitcoin Exchange Traded Fund in mid 2019, but SEC only responded to it recently. The financial regulator cited fraud concerns as the major reason for rejecting the ETF application.

Blockchain is one of the most highly requested digital professional skills of 2020 according to LinkedIn. Emerged for the first time in 2009 with the dawn and emergence of cryptocurrencies, blockchain technology has created the backbone of a new type of Internet, expanding its areas of application.

Blockchain initiatives could get a 3-year immunity or grace period from U.S. securities laws to create distributed systems. As per the latest Safe Harbor application by Hester Peirce, U.S. SEC Commissioner.