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Bakkt's Strategic Expansion Leads to Significant Revenue Growth Amid Crypto Market Recovery
Bakkt Holdings forecasts a substantial revenue increase and a 70% decline in operating cash flow usage for FY 2024, following a robust year of strategic advancements.
BIS Conference Addresses Cybersecurity in Central Bank Digital Currencies (CBDC)
Agustín Carstens, General Manager of the Bank for International Settlements, highlighted the importance of cybersecurity for central bank digital currencies (CBDCs) during a conference in Basel, Switzerland, emphasizing the need for secure, user-friendly, and adaptable systems.
CFTC Report Underscores DeFi Risks and Calls for Action
The CFTC report on DeFi underscores significant risks to the U.S. financial system, national security, and consumer protection, emphasizing the need for increased understanding, regulation, and collaboration in the sector.
China and Singapore establish task force for green finance cooperation
China and Singapore have formed a task force to collaborate on green and transition finance initiatives. The China-Singapore Green Finance Taskforce (GFTF) will focus on developing financial standards, products, and technologies to support a low-carbon future in the region. The task force will also facilitate greater public-private sector collaboration and strengthen sustainability bond market connectivity.
Microsoft's 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth
Microsoft's significant investment in the UK's AI infrastructure is expected to significantly enhance the country's technology sector and its global AI standing.
ChatGPT in Finance: A New Era of Ethical Considerations and Solutions
ChatGPT is revolutionizing the finance sector, bringing innovative applications and ethical challenges. This article explores its uses, the ethical concerns it raises, and potential solutions for a responsible future in finance.
Blockchain Technology and the Gig Economy Will Propel Better Work Choices with more Flexibility
According to a report commissioned by Appjobs and Vinter, blockchain technology and the gig economy’s growth will reshape how people live and work in the future.
Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce
Microsoft and AFL-CIO's partnership marks a significant step in integrating AI into the workforce, focusing on worker education, labor rights, policy influence, and ensuring AI meets workers' needs.
Bitcoin Surges as US Inflation Rises
The price of Bitcoin surged over $26,000 as the US Department of Labor reported a 0.4% increase in the Consumer Price Index (CPI) for February 2023, with inflation rising by 6% over the last year. The cryptocurrency markets reacted positively to the news, with both Bitcoin and Ether experiencing price surges.
MIT Study Challenges AI Job Displacement Fears
MIT's study reveals that human labor remains more cost-effective than AI in most job roles, especially in tasks requiring visual processing, challenging rapid AI-driven job displacement fears.
Ethereum Team Leader Critiques University's Apathy Towards Crypto Education
Ethereum head, Péter Szilágyi, expressed frustration over his alma mater's lack of interest in blockchain technology, contrasting with global demand for blockchain education driven by major corporations and student interests.
BlockSec Launches Phalcon Fork for Collaborative Testing on Ethereum Mainnet
Blockchain security firm BlockSec has launched Phalcon Fork, a toolkit that enables collaborative testing on private chains forked from arbitrary transaction positions and block numbers on the Ethereum mainnet. The toolkit offers greater control over testing, analysis, and debugging on testnets, with features such as snapshots and a faucet for acquiring free fork network Ether. The Phalcon Fork user manual touts advantages over traditional solutions such as Goerli, including retaining services and states from the mainnet and maintaining full control over block information.
Jack Grealish and Oliver Heldens Debut Musical Collaboration with Exclusive DJ Set in OKX Collective Metaverse
OKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed by Manchester City star Jack Grealish and legendary DJ Oliver Heldens in its OKX Collective metaverse.
Polygon MATIC Launches Solution Provider Network (SPN) for Seamless Developer Collaboration
Polygon has launched the Solution Provider Network (SPN) to facilitate real-time connections between developers and essential infrastructure like oracles, bridges, RPC providers, and wallets, enhancing visibility and credibility within the Polygon ecosystem.
Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.
The Sandbox, FlickPlay Collaborate to Accelerate Interoperability in Metaverse
With the metaverse expected to be worth between $8 trillion and $13 trillion by 2030, virtual world gaming platforms The Sandbox and FlickPlay have joined hands to enhance its adoption by offering players a blockchain asset.
WEF Report Warns of AI and Quantum Computing Risks
The WEF 2024 report warns of the negative impacts of AI and the risks of quantum computing, including misinformation, labor market disruptions, security concerns, and ethical issues in healthcare and geopolitics. The report calls for increased regulation and public awareness of AI.
US Labor Department Urges Caution over Crypto Investment in 401k Retirement Plans
Cryptocurrency is approaching ERISA plans, but the U.S. labour department is taking notice and expressing concern.
Japanese Multinational’s Blockchain App Taps India’s Tech Talent Pool Neglected By Trump’s Visa Ban
NEC Corporation, a Japanese multinational information technology and electronics company, has partnered Persol Career, a job-hunting firm, to pilot its blockchain app to help corporate Japan recruit Indian tech engineers. Nearly 2000 Indians are expected to be hired via the app in the next three years,
Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines
The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.
How Can Blockchain Technology End Labour Market Woes?
In its usual bid to take over the technology ecosystem, blockchain technology can be instrumental in the fight against unemployment through a creative aggregation of data for easy verification. This is revealed in a research report published on June 8 and sponsored by the American Council on Education.
Mina Stones to Propel Ethical Mining in Africa via Credits Blockchain
Mina Stones, a pioneer of Handcrafted African Fine Jewelry, seeks to avert the unethical mining problem in Africa by using Credits blockchain to alter the present gemstones supply chain.
Former HKEX Executive: Will HkbitEX Issue Its First STO Project Next Year?
On a forum, the Chief Development Officer of HKbitEX said that she hoped the company would issue its first security token offering (STO) project in 2021.
Reasons Why Bitcoin May Fall to the $40,000 Level
According to Glassnode, institutions and investors holding a large amount of Bitcoin reduced their holdings by 140,000 Bitcoins in February, which is equivalent to a reduction of 67.2 tenths since the beginning of this month.
4 Reasons Why Bitcoin Surged to $58,000
The Bitcoin price has shown green bullish candlesticks for the past 7 trading days. There are four reasons that can serve to explain why BTC's price is surging.
Dell Uses VMware’s Blockchain Solutions to Track Recycled Packaging Materials
Waste management is one of the main challenges after global warming, which affects the natural environment. Dell is committed to developing solutions to enable better waste management. Recently, Dell partners with VMware to track recycled packaging materials using blockchain.
Tata Motors Seeks Blockchain-Enabled Automotive Solutions via TACNet 2.0
Tata Motors seeks to get blockchain-based solutions through a program deemed TACNet 2.0.
Red Cross to Help Disaster-Riddled Communities in Kenya via Blockchain
Red Cross is eyeing to use blockchain-backed “local currencies” to help revitalize poor communities and establish a thriving economy on the foundation of smooth trades. As a result, the Red Cross societies of Kenya, Norway, Denmark, will be partnering to steer this initiative.
World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector
The World Economic Forum (WEF) touts blockchain technology as the vaccine and game-changer needed to ensure things run smoothly in the global seafood supply chain irrespective of future disruptions. This is based on the fact that the coronavirus (COVID-19) pandemic has laid the bare knuckles of the inefficiencies and challenges faced by the seafood industry.
Hypervine Pilots Blockchain-Enabled Satellite Data Project to Curb Climate Impact of Mining Sector
Hypervine, a blockchain construction company based in Glasgow, Scotland, has revealed the kicking off of a blockchain-powered project that will utilize satellite data to boost efficiency in the mining industry. Expressly, it will be funded by the European Space Agency (ESA).