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South Korea’s Central Bank Launches Central Bank Digital Currency Pilot Program in Case of Future Necessity
South Korea’s central bank recently announced that it has launched a pilot program assessing the issuance of a central bank digital currency (CBDC). The Bank of Korea has stated that there are no immediate plans to launch a CBDC, however, the pilot program will allow the central bank to be prepared in the future if the changing market conditions require its issuance.
How Do Hackers Use Excel Files to Compromise Your Computers?
We do not recommend users to open excel (especially excel files among other office format files) from an unknown source. Hacker can gain full control of your computer, including the access of all files, screenshots, your web camera and all information typed by your keyboard!
China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot
The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list. The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot.
COINNEWSEXTRA AND GLOBAL POLICY HOUSE TO HOST FIRST UNPRECEDENTED CBDC CONFERENCE IN AFRICA
One of the best gift possessed by humans is the ability to adapt to change. Little did we know that the global COVID-19 pandemic was going to deprive us of our regular mode of living, here we are today with several months of stay at home with many organisations and people pivoting into the digital economy. The immense impact of the COVID-19 pandemic has severely affected the whole world with developments changing frequently. However, digital innovations and technology solutions have been deployed to respond urgently to these changes, This has led to a notable increase in demand for online transactions, resulting in a significant shift from cash to digital payment methods.
CNBC Mad Money Host Jim Cramer From Skeptic to Bitcoin Bull
CNBC’s Mad Money host Jim Cramer thinks a major shift in safe-haven assets is on its way and believes Bitcoin and crypto will be the choice of the next generation.
Elon Musk Confirms Russian Bitcoin Ransomware Attack Targeting Tesla, FBI to the Rescue
Elon Musk confirmed that Tesla was recently targeted in a ransomware attack set to extort $1 million in Bitcoin from the car manufacturing giant.
Five Russian Banks Ready to Lead Russia's CBDC Pilot Test
Five Russian Banks will participate in the pilot test for the Bank of Russia’s proposed Digital Rubble following the release of its public consultation report.
Ethereum Express Establishes Two Pilot Projects Encompassing Over 48,000 Users
Ethereum Express (EEX), a community-driven decentralized ecosystem, has revealed the launching of two pilot projects that will comprise of more than 48,000 users. These initiatives are utilizing the Proof-of-Authority-based Ethereum Express blockchain to boost the productivity of their business procedures.
Former CEO of Overstock Patrick Byrne Charged for Security Fraud
Former CEO of overstock.com, Patrick Byrne and former CFO Greg Iverson have been charged for securities fraud regarding the payout of dividends.
PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions
China’s digital yuan pilot testing in four of its cities has recorded a sum of nearly $300 million (two billion yuan) in transactions according to the People’s Bank of China's Head.
IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.
What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?
BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are enshrined in complexity. Blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing.