The recent headlines on our DC Forecasts crypto news site show that blockchain is more and more present in the news. As of lately, the Department of Energy (DOE) of the United States has announced a $4.8 million worth program that will fund university research of technologies including blockchain.
According to the official announcement, the funding will be led by the department’s office of fossil energy and the projects eligible for funding include the ones researching emerging technologies such as “blockchain and decentralized, peer-to-peer [P2P] internet protocols” that secure data from fossil power generation sensors.
The developed systems would be used to process data from the sensors and the other unspecified information flows within the sensor networks for fossil-based power generation systems.
The DOE also said that it “anticipates selecting up to 12 projects” in order to receive the funding allocation.
However, this is not the first attempt to fund the research of tech including blockchain. In December 2018, the Spanish renewable energy company Acciona Energia also announced the deployance of blockchain tech to trace electricity generation.
In the same month, there was also news about South Korea’s government and its plans to spend $3.5 million to set up a blockchain-based virtual power plant in the country’s second most populated city, Bausan.
Russia Is Not Planning To Buy $10 Billion In Bitcoin
“This statement has no common sense. The Russian Federation — like any other country in the world — is simply not ready to combine its traditional financial system with cryptocurrencies.”Sidorenko reacted to the fake news reports from Telegraph where it was noted that Russia wants to invest $10 billion in bitcoin in order to mitigate the economic impact that is brought up from the US sanctions. The rumors emerged on Twitter where a particular user wrote that Kremlin has no choice but to invest in bitcoin and that it is the only way to avoid the harsh sanctions by President Trump. Ginko posted on Twitter and his post went viral after Telegraph wrote a story about it and lots of other websites just added their own touch to it. Ginko is known to the public for making such shocking tweets and comments after once saying that sham investment adviser Bernie Madoff is the real Satoshi Nakamoto. However, Sidorenko said that Ginko’s comments are absurd:
“Even if Russia wants to place its cryptocurrency assets now, it simply cannot do this. We do not have any mechanisms that would allow us to introduce a system: where these assets would be stored, which authorities would be responsible for it, which would be responsible for abuses and stuff.”However, according to Tota Kaliaskarova, the director of macroeconomic policy with the Eurasian Economic Union says that crypto could have a huge impact on the Eurasian economy.
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- Russia Is Not Planning To Buy $10 Billion In Bitcoin
- Huobi Re-Launched As Fully Licensed Platform In Japan
- $1 Billion In Transactions Reported For 2018 By BitPay
- Third Audit Attestation Of USDC Stablecoin Reserves Released By Circle
- 21-Year Old Accused Of Stealing More Than $24 Million Worth Of Crypto
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