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Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group
Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.
World Economic Forum Warns Leaders to Brace for Long-Lasting Global Recession as Cybercrimes Surge
The World Economic Forum (WEF) suggested that leaders around the world need to do more to ensure a quicker and more sustainable recovery for the global economy caused by the COVID-19 pandemic. Amongst the 350 top risk professionals in the world surveyed, these risk managers expect a prolonged global recession, as a number of areas of concern were identified in the report compiled by the Forum’s Global Risks Advisory Board, Marsh & McLennan Companies Inc, and Zurich Insurance Group.
Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign
Chinese internet giant Tencent will use of blockchain technology in its annual internet charity campaign dubbed “99 Giving Day.”
Allied Market Research: Blockchain Identity Management Will be a $11.46 Billion Market by 2026
Allied Market Research, a US-based research and advisory company, has reported that the worldwide blockchain identity management sector will escalate to $11.46 billion by 2026 from $107 million recorded in 2018. This will represent a compound annual growth rate (CAGR) of 79.2% because blockchain is touted to offer an immutable, interoperable, and unified infrastructure needed in the storage of digital identities.
Bitcoin and Cryptocurrency Websites Take a Hit as Security Giant Cloudflare Suffers Major Internet Outage
Website security company Cloudflare underwent connectivity problems on Sunday, taking down a dozen of cryptocurrency websites with it.
NexChange Interview Series: Alicia Garcia-Herrero, Part 2
“Digital assets are the future. We just need time to get there.”
Microsoft Bitcoin-Based Identity Tool Launches Beta Version
Microsoft’s decentralized identity (DID) tool, ION which is based on the Bitcoin blockchain, launched a beta version on bitcoin's mainnet on Wednesday.
Can Blockchain Strengthen the Internet of Things (IoT)?
IoT and Blockchain are two disruptive technologies leveraged for numerous technological innovations across multiple industries, but how do they complement each other?
“New FATF regulations will bite next year” NexChange Interview Series with Adam Vaziri, CEO of Blockpass, Part 1
Sign up for Block O2O event “STO: Blockchain Powered Next-level Fintech” on Nov 5th 2019 and get to listen to Adam and Blockpass team’s vision of STO operational hurdles and solution – in person!
China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS
Hyperledger Fabric, Ethereum, EOS, ChainSQL, WeBank’s FISCO BCOS, and Baidu’s Xuperchain are also planned to be added to the “ecosystem play,” and “internet environment,” as explained by Zhiguang Shan, the Chairman of the BSN’s Development Association. This network of blockchains will be available for those who are interested to take part in it, including small to medium-sized businesses.
Banks in Brazil Set to Introduce New Payment System to Rival Cryptocurrency
The central bank of Brazil is looking to provide a 24-hour payment system with a speed capacity of 10 seconds via the use of mobile apps, internet banking, and ATMs. Code named PIX, it is set to directly rival the use of cryptocurrency in the country.
US Congress Encouraged to Regulate Crypto Sector Under Bank Secrecy Act
A Washington DC-based strategic advisory firm, the Financial Integrity Network (FIN), pushed the United States Congress to regulate firms in the cryptocurrency sector under the Bank Secrecy Act (BSA).
