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US President Joe Biden to Sign Executive Order on Crypto this Week
U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week. Authorities would be expected to develop policies to enable the U.S. government to work with foreign powers to regulate crypto and its trade across international borders.
J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments
JPMorgan Chase has set the ball rolling by deploying its digital currency, the JPM Coin, for commercial purposes creating a new blockchain business unit dubbed Onyx.
China’s First National Level Blockchain Cross-Border Financial System Goes Live
China Guangfa Bank (CGB), a major Chinese bank, has officially launched the blockchain-based cross-border financial service platform on June 15, with the guidance of the Guangdong Branch of the State Administration of Foreign Exchange.
Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade
China's Ant Group established a blockchain-enabled smart contract platform Trusple to assist small and medium enterprises (SMEs) for cross-border trades.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Orderly Network Pulls $20M Funding to Develop DEX Protocol
Orderly Network, a Decentralized Exchange (DEX) protocol incubated by NEAR and Woo Network has raised $20 million in venture capital funding.
Marathon Digital Admits to Mining an Invalid Bitcoin Block
Marathon Digital Holdings encountered a setback as it mined an invalid block on the Bitcoin network due to an internal bug amidst an operational optimization experiment. The company acknowledged the error and praised Bitcoin's self-corrective security measures.
Blockchain-based Distribution Protocol TravelX Raises $10m in Seed Round
TravelX, a company focused on the use of blockchain technology for distribution in the travel industry, has raised $10 million in a seed round led by Borderless Capital.
Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers
Smart contracts and blockchain play more of a key role in the economic and social growth of modern society. For example, Thailand’s Bank of Ayudhya demonstrates how the use of blockchain technology leverages cross-border funds transfers.
Seven Key Takeaways You Need to Know About Central Bank Digital Currencies
Why are Central Bank Digital Currencies (CBDCs) important? Do we really need them? What are the implications? How will they be designed? Here are seven key takeaways you need to know.
US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development
The US National Institute of Standards and Technology (NIST) has launched the Artificial Intelligence Safety Institute Consortium to promote safe AI development and responsible use, inviting organizations to collaborate on identifying proven safety techniques by December 4, 2023.
Ripple Rolls Out On-Demand Liquidity Solutions in Sweden and France
To render seamless and real-time cross-border payments, Ripple, a leader in blockchain and crypto enterprise solutions, has established On-Demand Liquidity (ODL) solutions in France and Sweden.