tech
Microsoft’s Bill Gates on Big Tech Antitrust Hearing – Government Scrunity Inevitable with Tech Success
Bill Gates discussed the antitrust hearing opposing US congress and Big Tech - Amazon, Apple, Facebook, and Google (Alphabet) - and gave his input.
Tech Mahindra Leverages IBM Blockchain For New Entertainment Royalties Platform
Indian multinational tech company, Tech Mahindra has announced the launch of a blockchain-based platform aimed at preserving the rights of video content generated by content creators and producers.
Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership
Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.
Will Distributed Ledger Technology Revolutionize Education?
Since the establishment of blockchain and its deliverance of many opportunities for with disruptive potentials, the question at the back of many minds have been numerous, this article is focused on answering some of those pressing questions.
Iran Government Offers Up To 20% Reward To Anyone Who Exposes Illicit Cryptocurrency Mining In The Country
Iran just offered a reward to anyone who exposes illicit cryptocurrency mining in the country.
Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.
EU Parliament Passes Cybersecurity Legislation for Crypto and Fintech Firms
The European Parliament has passed a bill titled Digital Operational Resilience Act (DORA) addressing the cybersecurity of crypto and fintech companies.
Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.
‘Big Four’ Tech Amazon, Google, Apple & Facebook Grilled During US Antitrust Hearing
In an antitrust hearing with the Judiciary Committee of US Congress, the CEOs of Amazon, Apple, Facebook and Google testified, as a continuation of an unfinished legal conversation with lawmakers.
Trump Signs TikTok Executive Order and Seeks to Clean the Free World's Networks of China State Tech Espionage
United States President Trump has issued two executive orders against Chinese social media apps TikTok and WeChat, which are suspected of sharing US citizens’ data with the Chinese Communist Party.
Basel Committee on Banking Supervision Seeks Advice on Designing Prudential Treatment for Crypto-assets
Basel Committee on Banking Supervision publishes paper going over the design for prudential treatment for crypto assets. The paper goes over areas such as risks of crypto-asset exposures, capital, and liquidity requirements, and general considerations for the prudential treatment.
Hong Kong to Unveil Virtual Assets-Related Policy Statement on Upcoming Fintech Week
The Hong Kong Special Administrative Region's government will release the plans for the development of virtual assets in the city during FinTech Week by the end of this month.
Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit
A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.
US Judge Blocks Trump Administration’s Ban on TikTok Downloads
A federal US judge granted an injunction request against the Trump Administration’s order to ban TikTok downloads across all US app stores.
Director of FinCEN Affirms That Cryptocurrency Industry Is in Line With Agency Regulations
The director of FinCEN (Financial Crimes Enforcement Network) Kenneth. A Blanco believes that the cryptocurrency industry is starting to fall in place with the agency’s regulations on money transmission services.
Bank of Lithuania Calls For Uniform Regulation for Digital Financial Innovation Across Europe
Bank of Lithuania, Lietuvos Bankas, has proposed uniform regulations throughout the European Union in response to the European Commission’s consultations for the development of the digitalization of financial services in Europe.
US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?
As the antitrust hearing with tech giants Amazon, Apple, Facebook, and Google (Alphabet) continues, the question of whether decentralization will subsequently rise as a result of the legal tech-policy hearing has been brought up.
South Korea Declares Andong City as Blockchain Free-Trade Zone to Boost Medical Hemp Production
The South Korean government has designated Andong City as a free trade zone for hemp production, leveraging a blockchain network.
Japan’s Financial Services Agency Has Officially Chosen a New Commissioner, Himono
Japan's Financial Services Agency (FSA) confirmed its plans for hiring Ryozo Himono as the new commissioner of the financial watchdog group.
Telegram Resists the SEC Court Order to Reveal Financial Details of 2018 ICO
Telegram’s blockchain launch of TON faces delays as the recent court order by US Lawmakers requires the company to hand over documentation regarding the spending of their raised funds via ICO.
US Legislators Approve Digital Taxonomy and American COMPETE Blockchain Bills in Tech Race with China
US lawmakers approved the American COMPETE Act and the Digital Taxonomy Act, in an active race against China the blockchain and technological sector.
100 Million: You Can Apply Swiss New FinTech licence Permitting to Accept Public Deposits of Up to 100 Million Next Year
From 2019, interested parties can apply for the new FinTech licence. The Swiss Financial Market Supervisory Authority FINMA is responsible for granting this licence. It has published guidelines aimed at simplifying the application process.
SEC Charges App Developer Abra for Unregistered Security-Based Swaps
Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.
UK Tax Authority Updates Its Guidelines for Crypto Taxation
HMRC updates its guidelines for crypto – taxation, relating to both individuals and businesses. The new guidelines explicitly state that crypto-currencies are not considered as ‘money.’
Cisco Partners with SingularityNET to Decentralize Artificial Intelligence with Blockchain
Tech conglomerate Cisco and decentralized artificial intelligence (AI) firm SingularityNET have reached a partnership to develop a decentralized Artificial General Intelligence (AGI) project. The ambitious project aims to create more advanced AI technologies that will soon be able to exceed human abilities to learn and perform new tasks.
DelMonte Adopts Blockchain-Powered Traceability Solutions for Quality Assurance
To render innovative and best-in-class solutions to its products and services, Fresh Del Monte Produce has invested in Jordanian and UK-based startup Decapolis for blockchain-enabled traceability solutions.
Government of India to Deploy Blockchain Technology at a National Level
The Indian government is eyeing the blockchain technology since it has a huge potential of being applied in various sectors such as banking, cybersecurity, education, and governance: securing the future of their economic development and growth. This strategic plan was made known in response to a question in the Lok Sabha as reported by the Indian Times on Nov. 27.
Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027
Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. This uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties.
BaaS to Boost Blockchain Adoption in the Healthcare Market, Study Shows
The enhanced adoption of blockchain as a service (BaaS) is anticipated to boost the blockchain in the healthcare market, according to a report by Research and Markets.
Manchester United Selects Blockchain Firm Tezos as Technical Partner
Manchester United has inked a multi-year deal with Tezos as its training kit sponsor, indicating it is one of the sustainable, reliable, and advanced blockchains providers.
Japan Rural Dwellers to Experience the Use of Blockchain in Property Acquisitions
A new platform has shown through trial methods that Japanese real estate fund was more efficient, transparent, and compliant with the use of digital securities and blockchain technology.
The Federal Council of Switzerland Opts For Better and Fair Blockchain Regulations
The Federal Council of Switzerland has opted for better and fair regulations for blockchain and distributed ledger technology (DLT) in the country, which is believed will minimize risk, increase legal certainty and abort blockages, which will prevent the possible applications of blockchain/distributed ledger technology.
Leading Asian Fintech Company WeLab Completes the Largest Ever Fintech Fundraising in China
Leading fintech company, WeLab announced on Dec. 12 that it has raised US$156 million in Series C of strategic financing, becoming the largest fintech fundraising in China so far. WeLab was one of the first virtual banks established in Hong Kong, after receiving a virtual banking license from Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA) in April 2019.
Blockchain Tech Expected to Facilitate Logistics Market Growth to $71.96B by 2026
Blockchain technology is expected to be a major trend fueling the logistics market growth, according to a report by Technavio, a global technology research and advisory company.
Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security
Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. The partnership is expected to boost Peertec’s infrastructure security using blockchain technology. The safety of its GDAC cryptocurrency exchange and services is also expected to be strengthened.
China Establishes First-Ever Blockchain Zone in Central Province of Hunan
The first provincial blockchain zone has been established in China, in the central Chinese province of Hunan. The “Wanbao” blockchain zone is located in the city of Loudi, marking the first blockchain zone in China, according to a local Chinese report.
Financial Stability on The Brink of Instability Due to Bigtech Companies
FSB Worries that the development of BigTech Companies and their growing user community may cause the disintegration of banks amongst other mainstream financial systems.
Green Bay Fintech Firm Sequoir Developing Crypto Technology to Fill ‘Capability Gap’ for Banks
Sequoir envisions cryptocurrency trades and payments will be done using bank apps.
Social Factors Influencing the Adoption of Blockchain Technology
Some factors could be necessary to drive the increase in the use of Blockchain technology are trust in what it has to offer and the level of awareness of this technology among people.
Ripple Customers to Seamlessly Interact via RippleNet Home
RippleNet Home, an innovative product by Ripple, is set to revolutionize the way customers partner and connect on this platform. This product will also benefit companies as they will be able to get real-time insights about the performance and payment flows.
Australian Securities Exchange Partners with VMware to Go Blockchain in 2021
A recent press release shows a new agreement with the NYSE listed companies namely VMware and Digital Asset holding and the ASX for the replacement of the CHESS system by 2021.
Canada to Become the Global Leader in the Blockchain Industry, Report Indicates
In a recently published report by the Canadian Chamber of Digital Commerce showed that Canadians in the blockchain industry are amongst the highest-earning salaries in the country. The report also noted that Canadian blockchain companies want more legal clarity, to understand where their government stands regarding regulation in Canada.
First in the World? Lithuania Central Bank Approved Blockchain-based Digital Collectible
Implementing a unique new idea will be the Bank of Lithuania in introducing the world’s first blockchain – based digital coin collectible.
EPC Blockchain among 16 Startups Selected to Join EY Incubator
Big four accounting firm Ernst & Young (EY) has selected 16 early-stage startups to join its EY Foundry Cohort 5 program to propel disruptive solutions in four areas.
China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides
Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.
Tech Experts Urge Regulators to be Sceptical on Digital Currencies Innovation
A group of technology innovators has sent a letter to the United States Congressional Leadership, Committee Chairs, and ranking members, urging them to take a sceptical approach to cryptocurrency innovations.
US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy
United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.
Ping An of China’s Blockchain Unit Chooses US over Hong Kong for IPO
Chinese insurance giant, Ping An Insurance’s financial technology arm, OneConnect is leaning towards choosing New York over Hong Kong for its initial public offering (IPO) this year in mid-November.
Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time
In her view, Edith Yeung, fund manager, and partner at Proof of Capital, a blockchain-based venture capital fund, presumed that the Chinese Government could launch their digital currency, virtual yuan, in no distant time, assumably, within the next six to twelve months.
5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest
At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.
Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026
The global blockchain IoT market is expected to offer a revenue of $5.802 billion by 2026, driven by factors like IoT being increasingly implemented by mand end-use industries worldwide.
Multi-Grammy Winning Singer Akon Planned to Launch Akoin on Stella Network
More updates on Akoincity as Akon’s cryptocurrency project will be available on a newly release whitepaper. Akoin will be launched on Stella Lumens (XLM). Will this trigger massive cryptocurrency adoption in Africa?
The Top Dapps to Consider Using in 2020
DApps are a significant shift from traditional apps, majorly due to the underlying principle of decentralization, which drives the whole lifecycle. While traditional apps are controlled by centralized authority, DApps run on a decentralized blockchain. Now, let’s look at some of the top useful DApps that consumers should consider using.
Will Distributed Ledger Technology and Cryptocurrencies Ever Lead to the Extinction of Banks?
In the world we live in today, virtually every sector of human activities have begun to experience one form of digitisation or another, and the Banking sector happens to be one of the sectors at the forefront of this evolution.
Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report
Since blockchain and artificial intelligence are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, a study suggests.
The Future of the Financial Sector Will Rely on Blockchain, Says Singapore’s Fintech Chief
Sopnendu Mohanty, the Chief Fintech Officer of the Monetary Authority of Singapore (MAS) spoke at a panel at Blockshow Asia 2019 held at the Marina Bay Sands Convention Center last week. In his panel on the topic of: “All that fintech with a layer of blockchain,” he explains the MAS’ role for blockchain adoption in Singapore and in Asia.
PayPal Will Give Jack Dorsey’s Square a Run for its Cryptocurrency
Payments giant PayPal looks set to roll out cryptocurrency sales services for its 305 million users.
GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns
Global Shipping Business Network (GSBN) has adopted blockchain technology to speed up pilot transactions by unifying the consent collection and sharing of shipping data with financial institutions.
Will Blockchain Make Shipping more Efficient in the Future?
Shipping in some cases is not restricted to the transportation of cargo by ships, but it refers to the transportation of items by mail of any means, the form of transportation could be air, road or train, but the most used form is transportation by sea.
First Blockchain National Currency Platform Ready for Central Banks’ CBDC Issuance
The blockchain national currency platform issued by blockchain company Apollo Fintech was finalized and completed on August 12.
Libra Faces Competition as Celo Foundation Hands Out First Grants Expanding the Use of its Platform
Libra has been facing some competition as the Celo Foundation has awarded its first grants of $700,000 in total to 13 projects that expand the use of its platform.
"I Knew Owning Bitcoin Was a Bad Idea," Claims Peter Schiff After Losing Access to His Bitcoin Wallet
"I knew to own Bitcoin was a bad idea, I just never realized it was this bad!" exclaims Peter Schiff, after losing access to his bitcoin wallet and his password being invalidated. The crypto – the community has offered help, but it would seem the BTC has been lost for good.
R3's Marco Polo Network Welcomes First Indian Corporate as Asia Serves as a Key Area of Growth
The Marco Polo Network announced on Thursday that India’s leading provider of digital transformation, Tech Mahindra became the first corporate in India to join the R3’s open-source blockchain-based Marco Polo Network for facilitating cross-border transactions.
Bank of America Announces Blockchain Job Openings
Bank of America the second-largest bank in the United States recently announced various blockchain job openings. This shows its intention to considerably adopt blockchain technology.
Amun AG Obtained Approval from Swedish Regulator for ETP Offerings in EU
Swiss crypto firm, Amun AG granted permission to market its exchange-traded products to several retails' clients within the EU. Cointelegraph has reported that this will help in expanding Switzerland's crypto offerings both globally and domestically.
Game Developers Have Increasing Interest in Blockchain and NFTs Products, says Stratis Survey
A new survey report shows a sizeable number of respondents agreeing that blockchain technology will become prevalent in video gaming within the next two years.
China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant
Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.
Turkish Government Announces Plans for National Blockchain Infrastructure
The Ministry of Industry and Technology of the Turkish Government announced its plan for a national blockchain infrastructure used in public administration on Sept. 18 in Ankara.
Worldline and Ingenico Will Merge Creating FinTech Payments Super Giant
French fintech giants, Ingenico and Worldline are merging in a deal worth €7.8 billion to create the fourth largest company in the global financial technologies sector.
The World Economic Forum Highlighted Blockchain and Digitization to Address COVID-19 Supply Chain Disruption
The World Economic Forum (WEF) published a report on the importance of blockchain in supply chain disruption amid the coronavirus pandemic. Although the report suggested that blockchain may not be able to support the damage caused by the impact of COVID-19 directly, it may help with supply chain visibility.
NFT Mania Grips The Market As Hashmasks Emerge
While Bitcoin’s market capitalization passed $1 trillion for the first time ever on Feb.19, the Non Fungible Token (NFT) market has been growing at a pace like never before as well. A NFT is a special kind of crypto token which represents a wide range of tangible and intangible items from sports cards or collectibles, art and even real estate.
It is the Season of Giving! Binance Charity is Giving Back with TravelBit's Partnership
Christmas is here! And to add to the season of giving, Binance partners with TravelBit to allow travelers booking through their website, to donate to the Binance Lunch for Children.
Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm
According to a market research report availed by P&S Intelligence, a business intelligence consulting services firm, the worldwide blockchain devices market was worth $0.3 billion in 2019 but is expected to surpass $23.5 billion by 2030.
US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.
Coinbase Takes a Step Further into the Japanese Crypto Market
Coinbase has been licensed in Japan since 2019, and has registered as second-class members of the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory organization for the crypto industry in Japan.
Avo Receives First Virtual General Insurer License in Hong Kong
Hong Kong’s Insurance Authority (IA) announced on Tuesday that it has granted the first authorization for virtual general insurance under Fast Track. The license was granted to Avo, a local insurtech company providing products like health and travel insurance.
Blockchain's Adoption & Capabilities Increase against Fraud in Public Finance Sector
Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, according to HashCash Consultants CEO Raj Chowdhury.
SAP and GS1 to Establish Blockchain Prototype to Enhance Road Safety
SAP and GS1 have created a blockchain prototype intended at the digitization of tire retread activities for better road safety. Notably, the blockchain network deployed will be instrumental in tracking tires’ life-cycle.
How Blockchain Technology is Shaping Digital Advertisements
There are thousands of ads everywhere, in our phones, applications, websites, there is hardly anywhere you would turn to (digitally) today without bumping into an ad, even when using ad blockers. According to Forbes, an average person is exposed to about 4,000 to 10,000 digital ads every day. They aren’t cheap; the standard ads we see every day on our phones cost billions.
IEOs are Overhyped? Research Shows That Most IEO Projects are not Profitable
Replacing ICO’s is the IEO business model, although a report by Blockshow Capital suggests that it may not be the most profitable investment. In retrospect, Binance has proven to be the best platform to yield profitable returns.
Veratad Technologies Pairs with Blockchain-ID Ltd to Developing Authentication Tool on Algorand
Authentication solutions provider Veratad Technologies has partnered with UK-based Blockchain-ID Ltd to jointly develop BlockchainIDme, an authentication tool on the Algorand blockchain.
Coca-Cola Bottlers Acquires SAP’s Blockchain Technology to Streamline Soda Supply Chain Processes
The current breaking news indicates that Coca-Cola bottlers now is rolling out SAP’s blockchain to make its supply chain more efficient and transparent.
Malaysia’s Largest Bank Signs Blockchain Partnership for Remittance
The largest bank in Malaysia Maybank partnered with the National Bank of Cambodia to sign MoU for cross-border remittance using NBC’s blockchain-based Bakong payment system.
ACCESS Becomes World’s First Organization to Deploy Blockchain Voting in Annual General Meeting
The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS), a non-profit organization for the cryptocurrency and blockchain sector in Singapore, has set the ball rolling as the first institution across the globe to utilize blockchain technology for an Annual General Meeting (AGM).
India’s Tea Board Contemplates Using Blockchain to Stamp Out Tea Adulteration
India’s Tea Board seeks to mitigate the problem of tea adulteration by using blockchain technology as this will enhance consumers’ experience, as well as preserve the reputation of the Indian tea. Moreover, the consumption of tea in this nation will be boosted through an improved experience.
Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance
Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services.
MediLiVes Healthcare Platform Launches App
MediLiVes, the innovative healthcare platform based on AI and Blockchain technology, is to launch its App on Saturday 16th November in London. MediLiVes is disrupting the USD 10 million diagnostic industry by partnering medical practitioners and patients on a single digital platform.
Algorand Blockchain Network Now Certified for Sharia Compliant Financing
The Algorand Foundation announced that its blockchain network has now been certified as Sharia compliant for the inclusion of Islamic financial markets.
Bangladesh Sends Graduates Abroad for Blockchain Training with IT Fund
Bangladesh has expressed its intentions to send 100 new graduates for Blockchain training in Japan and India according to reports by Bangladesh’s English-language newspaper The Daily Star on Aug 4.
Cryptocurrency Adoption Is Growing, But US Needs To Adopt A Solid Blockchain Policy
In order to be ahead of other countries in the ever-growing industry of blockchain, the US needs to come up with an enforceable and consistent blockchain policy.
Alternatives of USDT Gained Wider Merchant Access including Microsoft
Currently, BitPay supports Bitcoin, Bitcoin Cash, and Ether Payments. As of recent, the blockchain payment processor will now accept Circle USD, Gemini Dollar, and Paxos Standard Token.
The Coffee Board of India Views Blockchain-Driven Platform as the Holy Grail
At least 30,000 coffee farmers have signed up for a blockchain-driven electronic-market platform since it was launched by the Coffee Board of India (CBoI) in March
DEVITA Goes Live on Polygon for Equitable Healthcare and Speedy Data Transmission
To maximize healthcare operations and processes through the latest innovations in NFT and decentralized identification (DID) technologies, DEVITA has joined the Polygon network.
FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus
PayPal, Square and Intuit have received the government’s approval to take part in the US Small Business Administration’s (SBA) Paycheck Protection Program which was established in response to the COVID-19 pandemic triggered global financial crisis.
Dubai Sees Crypto as Stepping Stone Towards Global Tech Hub
Dubai is reaping the dividends of new tech investments because it has laid the ground for a post-pandemic boom through a business-friendly and low taxes environment.
Top 5 Evolving Cryptocurrency Startups That Are Revolutionizing The Future of Fintech
Tremendous evolution in cryptocurrency startups provides to be revolutionary in the Fintech industry now and in upcoming years.
Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology
The Nanshan government of Shenzhen, in the southern Guangdong province in China, has recently announced an agreement with electronics giant Huawei Technologies to establish an information technology center, accelerating the application of technologies including blockchain, artificial intelligence in the district.
Western Union Makes Offer to Acquire Cross-Border Payments Firm MoneyGram
Financial giant, Western Union is in discussions to acquire cross-border payments company MoneyGram according to an anonymous source close to the deal.
Determinism: The Philosophy of Blockchain
Determinism, free will, and blockchain? What do these seemingly disparate concepts have in common? A lot, as it turns out.
CFTC FinTech Research Wing Welcomes Innovators to Discuss with Regulators With its New Office Hours
LabCFTC, the United States Commodity Futures Trading Commission’s FinTech research wing, is planning to host office hours during the New York FinTech Week.
Google Pairs with Coinbase to Spur Web3 Innovations, Offer Crypto Payments for Cloud Services
Google has teamed up with crypto exchange Coinbase to allow some of its clients to pay for cloud services using cryptocurrencies.
Techlinker Asia Partners with TripleA to Remit Payments in Crypto
Tech talent and HR consultancy, Techlinker Asia has partnered with TripleA to allow clients to remit payments in cryptocurrencies or stablecoins.
Ex-Cambridge Analytica Employee Confident that Blockchain Can Help Protect Personal Data
Brittany Kaiser, the Cambridge Analytica scandal whistleblower discussed in an interview at the World Economic Forum that blockchain technology could be an important tool to address data protection issues.
How This Startup’s Blockchain Technology Applications in Estonia Verifies Online Identities
There are so many problems in the world. I’m sure you can name them. But here is another one: online identity fraud, which is rampant these days. It’s common, threatening everyone doing business online, especially businesses involving their activities in banking/financial services, online payment services, real estate, insurance, travel, and online market industries. Now, let's take a look at how this Estonian startup utilizes blockchain technology to help protect businesses and their clients from online identity fraud.
Feds Suspect US Unemployment Systems Attacked by Fraudsters, Leading to Losses in the Hundreds of Millions of Dollars
According to federal authorities in the US, a group of international cybercriminals has been reportedly attacking the US unemployment systems, funneling millions of dollars in payments that were intended to support the detrimental effects the coronavirus pandemic had on the economy. With the number of infections in the US growing at an appalling rate, so far 1.5 million American citizens have been infected, with over 90,000 related deaths. The unemployment crisis in the country has surpassed the rate since the Great Depression, as the official US unemployment rate is at its highest in recorded history, at an alarming 14.7 percent. The New York Times obtained a memo from the US Secret Service, indicating that the fraud scheme was coming from a “well-organized Nigerian fraud ring,” and could result in the loss of hundreds of millions of dollars in the American financial system.
Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention
During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work.
Global Blockchain Technology Market in BFSI Sector Expected to Hit $4.02B by 2026
The global blockchain technology market in the banking, financial services, and insurance (BFSI) sector is expected to hit $4.02 billion by 2026 thanks to a surge in FinTech spending, according to ReportLinker.
China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.
Worldcoin (WLD) Advances Privacy with Personal Custody for Iris-Scanned IDs
Worldcoin introduces Personal Custody, enhancing user control over biometric data generated via iris-scanning orbs for secure ID verification.
Visa Unveils Innovative Web3 Loyalty Program with SmartMedia Technologies
Visa teams up with SmartMedia Technologies to launch a pioneering Web3 Loyalty Engagement Solution, revolutionizing customer loyalty with gamified, immersive experiences and digital wallets.
Ripple and Onafriq Forge Alliance for Blockchain-Enabled Payments in Africa
Ripple and Onafriq are collaborating to introduce blockchain-powered cross-border payments, aiming to improve transaction efficiency and financial inclusion in Africa, the GCC, the UK, and Australia.
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
Blockchain-Focused Fund COSIMO X Acquires Seven-Figure Funding from RIT
COSIMO Ventures, an investment firm situated in Boston and Dublin, recently announced that the Rochester Institute of Technology (RIT) has endorsed them with a seven-figure investment.
US Crypto Crackdown Could Push Industry to Hong Kong
Paris-based Kaiko's CEO, Ambre Soubiran, has suggested that the recent US crackdown on cryptocurrency regulation could lead to a shift in the industry's center of gravity towards Hong Kong, which has been more favorable towards crypto. The Hong Kong government has been rolling out progressive regulation to support crypto and fintech firms in 2023, with over 80 virtual asset-related firms expressing interest in setting up shop there.
Robinhood to Participate at J.P. Morgan Global Technology, Media and Communications Conference 2024
Robinhood Markets, Inc. will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024.
Core Scientific to Present at 19th Annual Needham Tech & Media Conference
Core Scientific's CEO, Adam Sullivan, is set to present at the 19th Annual Needham Technology, Media, & Consumer Conference.
A16z: Discord's Evolution into a Developer Platform
An overview of Discord's journey from a gaming platform to a developer platform.
Europe Embraces Instant Payments: Ripple Insights
Europe is experiencing an accelerated shift towards instant payments, with entities like the EC striving to build a resilient financial infrastructure.
Ripple (XRP): Latin America Shifts Towards Crypto Amidst Cash Ditch
Latin America embraces digital payments, with a notable shift towards cryptocurrency due to post-COVID comfort with online experiences and unsettling inflationary issues.
Leading Security Founders Discuss Potential of Generative AI
Security startup founders share insights on the use and threats of generative AI in the tech industry.
EOS Network Launches Antelope Spring Beta-1 on Testnet
The EOS Network Foundation unveils its Antelope Spring Beta-1 on the testnet, marking a significant leap forward in their blockchain technology.
NVIDIA Triumphs at COMPUTEX Best Choice Awards 2024
NVIDIA wins big at COMPUTEX 2024 with awards for AI Enterprise, GH200 Superchip, and Spectrum-X.
Mistral AI Unveils Non-Production License to Foster Openness and Sustainable Growth
Mistral AI launches Non-Production License to balance innovation and business growth.
Oracle Defends Healthcare Modernization Efforts Amid Criticism from Business Insider
Oracle counters Business Insider's criticism of its healthcare modernization efforts for veterans.
Google Unveils New AI Innovations: Gemini 1.5 Pro, Imagen 3, and More
Google introduces advanced AI technologies including Gemini 1.5 Pro and Imagen 3, enhancing user interaction and creativity.
Anthropic Welcomes Jay Kreps to Board of Directors
Jay Kreps joins Anthropic's Board, bringing expertise in tech growth.
Top Myths About Artificial General Intelligence (AGI) Debunked
Unraveling misconceptions about Artificial General Intelligence (AGI), its development timeline, learning capabilities, and potential impact.
NVIDIA and Leading Computer Manufacturers Collaborate on AI Factories and Data Centers
NVIDIA partners with top computer manufacturers to build AI factories and data centers, driving the next generation of AI advancements.
Industry Leaders Embrace NVIDIA Isaac for AI-Powered Robotics Development
NVIDIA Isaac robotics platform sees adoption by industry leaders like BYD Electronics, Siemens, and Intrinsic.
NVIDIA ACE Brings Lifelike Digital Humans to Developers
NVIDIA ACE, using generative AI, is now available for developers.
Anthropic's Claude AI Now Available in Canada
Claude AI is now accessible in Canada via multiple platforms.
NVIDIA Unveils New RTX-Powered AI Hardware and Software at COMPUTEX 2024
NVIDIA introduces RTX AI laptops, enhanced video tools, and open-source modding platforms at COMPUTEX 2024.
The Path to Artificial General Intelligence (AGI): A Closer Look
Exploring the concept and transformative potential of Artificial General Intelligence (AGI).
AI Technology Restores Voice for Former Spirit Airlines CEO Ben Baldanza
AI technology restores Ben Baldanza’s communication abilities post-ALS diagnosis
AI Solutions Revolutionize Health-Care Scheduling Amid Workforce Challenges
AI tools enhance efficiency in healthcare scheduling, providing more time for patient care.
Meta's Llama Enhances AI-Powered Study Buddy for Students
Meta's Llama enhances FoondaMate, an AI-powered study buddy, providing students with conversational support on WhatsApp and Messenger.
Torchy’s Tacos Enhances Operations with Oracle Simphony Cloud POS
Torchy’s Tacos implements Oracle Simphony Cloud POS to unify operations and improve guest experiences.
Pioneering DRAM Chip Inventor Bob Dennard Passes Away at 91
Bob Dennard, inventor of DRAM, passes away at 91, leaving a legacy that reshaped modern computing.
Stability AI Highlights Innovations at Computex Taipei, Announces Stable Diffusion 3
Stability AI reveals Stable Diffusion 3 at Computex Taipei, alongside major tech announcements from AMD, Intel, and Nvidia.
Developers Harness Technology to Tackle Global Emergencies
Communities of developers are leveraging technology to address global emergencies, from wildfires to refugee support.
Neural Radiance Fields (NeRFs) Revolutionize 3D Modeling from 2D Images
NeRFs leverage AI to convert 2D images into hyperrealistic 3D models, potentially transforming digital imagery.
GitHub Reports Minimal Service Disruption in May 2024
GitHub reports one incident in May 2024 causing degraded performance.
OpenAI and Apple Forge Partnership to Integrate ChatGPT
OpenAI and Apple announce a collaboration to integrate ChatGPT into Apple platforms.
Jason Lau Discusses Innovations Shaping the Future of Crypto on Chainalysis Podcast
OKX's Jason Lau highlights tech innovations and regulatory insights shaping the future of crypto.
Nordic Service Partners Leverages Oracle Cloud to Enhance KFC Operations
NSP integrates Oracle Simphony Cloud POS to boost KFC operations.
Oracle Cloud Empowers Restaurants with Advanced POS Solutions
Restaurants enhance operations and customer experiences with Oracle Simphony Cloud POS.
Anthropic Explores Challenges and Methods in AI Red Teaming
Anthropic discusses insights and challenges in AI red teaming, aiming for standardized practices.
WriterDuet Integrates Leonardo's AI to Revolutionize Screenwriting
WriterDuet uses Leonardo.AI's generative technology to enhance screenwriting with AI-powered visuals and trailers.
NVIDIA Introduces Five New Free Technical Courses for Developers
NVIDIA launches five new free technical courses for developers to enhance their skills in AI and accelerated computing.
NVIDIA and Stanford Collaborate to Develop Lightweight XR Glasses Using AI
NVIDIA and Stanford create AI-driven lightweight XR glasses, revolutionizing optical design.
Top 10 Uses of Streaming Speech-to-Text Technology Today
Discover how streaming speech-to-text technology is revolutionizing various industries.
NVIDIA CEO Jensen Huang Encourages Caltech Graduates to Embrace Unconventional Paths
NVIDIA CEO Jensen Huang urges Caltech grads to explore unconventional paths and view setbacks as opportunities.
BounceBit and Free Tech Partner to Enhance Cross-Chain Transactions for BBTC and BBUSD
BounceBit teams up with Free Tech to enhance cross-chain transactions for BBTC and BBUSD, improving user experience with swift and secure transfers.
NVIDIA Introduces AI-Driven Supply Chain Management with NIM Technology
NVIDIA unveils AI-powered solutions to enhance supply chain efficiency using NIM technology, integrating LLM, NeMo Retriever, and cuOpt.
Deep Learning Models Fall Short of Achieving True AGI, SingularityNET (AGIX) Reports
Despite advancements, current deep learning models struggle to achieve the comprehensive capabilities needed for artificial general intelligence (AGI), according to SingularityNET (AGIX).
Character.AI Enhances AI Inference Efficiency, Reduces Costs by 33X
Character.AI announces significant breakthroughs in AI inference technology, reducing serving costs by 33 times since launch, making LLMs more scalable and cost-effective.
Ripple (XRP)'s Study Reveals Key Insights into Payment Reconciliation Challenges
Ripple (XRP)'s research identifies common pain points in payment reconciliation, emphasizing the need for data accuracy, efficient reporting, and better user experience.
OpenAI Introduces Holistic Approach to Content Moderation with New NLP System
OpenAI unveils a comprehensive natural language processing system aimed at enhancing real-world content moderation.
OpenAI Introduces Consistency Model to Improve Generation Speed
OpenAI unveils the Consistency Model, promising faster generation in image, audio, and video fields by overcoming limitations of traditional diffusion models.
IOTA Announces Major Leadership Changes to Drive Future Growth
IOTA Foundation reshuffles leadership, appointing Dr. Navin Ramachandran to the Supervisory Board and Dr. Christoph Strnadl to head Technology Adoption.
OpenAI Introduces Innovative Sales Prospecting Tool
OpenAI unveils a groundbreaking sales prospecting tool aimed at revolutionizing the sales industry through advanced AI capabilities.
Meta Launches Dedicated AI Blog to Share Latest Innovations
Meta has introduced a new blog focused on artificial intelligence, offering updates on the latest advancements and projects in the AI field.
Anthropic Unveils Claude 3.5 Sonnet: Advancing AI Capabilities
Anthropic introduces Claude 3.5 Sonnet, setting new industry benchmarks for intelligence, speed, and cost-effectiveness.
Infer.so and ElevenLabs Unveil Groundbreaking Multimodal AI Voice Bot
Infer.so partners with ElevenLabs to create the world's first multimodal AI voice bot, revolutionizing industries like e-commerce and fintech with lifelike voice interactions.
NetSuite Introduces SuiteSuccess Healthcare Edition to Boost Efficiency and Patient Care
NetSuite launches SuiteSuccess Healthcare Edition to streamline processes, enhance decision-making, and support HIPAA compliance.
Thon Hotels Adopts Oracle Cloud for Enhanced Operations and Growth
Thon Hotels has migrated to Oracle's OPERA Cloud platform to streamline operations and improve guest services across its portfolio.
Google Expands AI Tools to Support Students and Educators Globally
Google unveils AI-powered tools for students and educators, including Gemini, expanding to over 100 countries to enhance classroom experiences.
Google Unveils New AI Tools for Workspace for Education
Google announces the introduction of AI tools like Gemini for Google Workspace for Education, aiming to enhance learning and safety for teen students.
NVIDIA: EvolutionaryScale Unveils ESM3 Generative AI Model for Protein Design
EvolutionaryScale launches ESM3, an advanced AI model for protein design, leveraging NVIDIA's H100 GPUs to accelerate biological research.
HKMA Hosts Seminar on Banking Sector Support for SMEs
The HKMA, along with key banking associations, hosted a seminar to discuss support measures for SMEs, benefiting around 7,000 businesses with over HK$15 billion in credit.
Elwood Technologies Partners with Wintermute to Enhance Digital Asset Liquidity
Elwood Technologies integrates Wintermute to boost digital asset trading experience and deepen liquidity for institutional clients.
Sui Blockchain Founders Showcase Expertise Under Pressure at Red Bull Racing Simulator
Sui blockchain's founders answer technical questions while driving high-speed laps at the Sui Basecamp event, showcasing their expertise under pressure.
Oracle Recognized as Leader in Three 2024 Gartner Magic Quadrant Reports
Oracle has been named a Leader in the 2024 Gartner Magic Quadrant for Transportation Management Systems, Supply Chain Planning Solutions, and Warehouse Management Systems.
LangChain Introduces LangGraph v0.1 and LangGraph Cloud for Scalable AI Agent Deployment
LangChain announces the release of LangGraph v0.1 and LangGraph Cloud, providing tools for scalable and reliable AI agent deployment.
Artificial General Intelligence (AGI) Nearer Than Expected, Experts Say
Experts suggest AGI could be achieved in 3-8 years, driven by rapid technological advancements and global collaboration.
Chainlink (LINK) Announces Block Magic Hackathon Winners
Chainlink (LINK) reveals the winners of its Block Magic Hackathon, awarding over $500K in prizes to innovative projects.
NVIDIA's GauGAN: Pioneering the Generative AI Landscape
NVIDIA's GauGAN demo has set the stage for a new wave of generative AI applications, transforming creative workflows with photorealistic image generation.
Navigating Autonomy in AGI Systems: Balancing Capability and Responsibility
Exploring the balance between autonomy and capability in Artificial General Intelligence (AGI) systems, and its implications on safety, ethics, and human collaboration.
WordSmith Enhances Legal AI Operations with LangSmith Integration
WordSmith leverages LangSmith for prototyping, debugging, and evaluating LLM performance, enhancing operations for in-house legal teams.
Exploring AGI Creativity: How AI Mimics Human Innovation
Delving into how AGI can mimic human creativity, examining AI's limitations and potential in replicating human-like innovation.
IBM Research Enhances AI Fairness and Accountability
IBM Research is developing technologies to increase the transparency, fairness, and accountability of high-risk AI systems.
Zengo Wallet Integrates THORChain for Low-Fee, Secure Self-Custodial Swaps
Zengo Wallet launches an in-wallet swap solution powered by THORChain, offering low-fee and secure self-custodial swaps for users.
Emerging Trends in Human-AI Collaboration: A Glimpse into the Future
Exploring potential trends in human-AI collaboration, from AI-driven creativity to smart cities, as AI systems continue to advance.
Prover-Verifier Games Enhance Clarity of Language Model Outputs
OpenAI introduces Prover-Verifier Games to improve the clarity and legibility of language model outputs, potentially transforming AI communication.
Together AI Unveils Inference Engine 2.0 with Turbo and Lite Endpoints
Together AI launches Inference Engine 2.0, offering Turbo and Lite endpoints for enhanced performance, quality, and cost-efficiency.
Character.AI Introduces Character Calls for Seamless Voice Conversations
Character.AI launches Character Calls, allowing users to have two-way voice conversations with AI characters, enhancing user interaction and personalization.
ElevenLabs' AI Narration Boosts Audiobook Sales for Bestselling Author Leeanna Morgan
ElevenLabs' AI voice technology aids bestselling author Leeanna Morgan in converting her novels into audiobooks, significantly boosting sales.
Women in Southeast Asia Leverage AI and Tech Skills for New Career Opportunities
Microsoft's AI and digital skilling programs are empowering women across Southeast Asia, opening doors to new career opportunities.
Telegram Introduces Mini App Bar and Boosts Monetization for Creators
Telegram's June update includes a Mini App Bar, paid media for content creators, and enhanced story search features.
LangChain: Understanding Cognitive Architecture in AI Systems
Explore the concept of cognitive architecture in AI, outlining various levels of autonomy and their applications in LLM-driven systems.
NVIDIA Powers Las Vegas Sphere with Cutting-Edge Display Technology
NVIDIA's advanced GPUs and networking solutions power the Las Vegas Sphere, delivering unmatched immersive experiences with high-resolution displays.
IBM Quantum Advances with Scalable Error-Corrected Systems
IBM Quantum is progressing towards practical quantum advantage with scalable, error-corrected systems, focusing on mitigating noisy qubits.
IOTA Foundation Explores DAG Technology to Overcome Blockchain Limitations
The IOTA Foundation's 'Beyond the Chain' workshop at Trinity College Dublin delved into how DAG technology can solve blockchain inefficiencies.
ElevenLabs Unveils Turbo v2.5: Enhanced Text-to-Speech in 32 Languages
ElevenLabs launches Turbo v2.5, offering low-latency text-to-speech in 32 languages, including new support for Vietnamese, Hungarian, and Norwegian.
NVIDIA Introduces Instant RM for Rapid and Differentiable Radio Maps
NVIDIA's Instant RM offers high-performance, differentiable radio maps, significantly accelerating wireless network optimization using advanced ray tracing technologies.
ElevenLabs Launches AI-Powered Reader App on Android
ElevenLabs introduces its AI-powered Reader App on Android, offering high-quality voice narration for texts. Available now in the US, UK, and Canada.
Special Olympics Embraces Tech Evolution Led by Athletes
Special Olympics athletes are spearheading a tech transformation to enhance inclusivity and streamline operations, leveraging tools like Microsoft Dynamics 365.
OpenAI Introduces SearchGPT Prototype for Enhanced AI Search Features
OpenAI launches SearchGPT, a new AI search prototype aimed at delivering fast and accurate responses with clear and relevant sources.
Meta Llama Boosts Conversational Abilities of AI Study Buddy on WhatsApp and Messenger
Meta AI's new enhancement allows students to receive conversational help with schoolwork via WhatsApp and Messenger.
Arcade Enhances Interactive Demos with ElevenLabs’ AI Voice Technology
Arcade integrates ElevenLabs to offer AI-driven voiceovers, doubling usage and enriching customer experiences with multilingual support.
Georgia Tech’s AI Makerspace Prepares Future Workforce with Advanced AI Training
Georgia Tech's AI Makerspace equips students with cutting-edge AI skills, preparing them for the future workforce, according to NVIDIA's AI Podcast.
Meta Unveils Llama 3.1: Enhanced AI Models with Multilingual Support
Meta introduces Llama 3.1, featuring expanded context length and support across eight languages, including the pioneering 405B open-source AI model.
ElevenLabs Enhances Dubbing API with Increased File Upload Limits
ElevenLabs has upgraded its Dubbing API, raising the file upload limit from 500MB to 1GB and extending the duration from 45 minutes to 2.5 hours.
Pantera Capital Explores Democratizing Negotiation in Latest Article
Pantera Capital discusses the impact of democratizing negotiation within the financial sector, emphasizing the role of technology and innovation in their latest article.
ElevenLabs Expands Language Support to Include Hungarian, Vietnamese, and Norwegian
ElevenLabs announces the addition of Hungarian, Vietnamese, and Norwegian to its language support, now totaling 32 languages, enhancing audio creation capabilities.
NVIDIA NIM Microservices Revolutionize AI Model Deployment
NVIDIA NIM microservices are accelerating AI application development across various industries, offering optimized solutions for speech, translation, retrieval, digital biology, and more.
Exploring the Advances in Automatic Speech Recognition (ASR) Technology
Discover the latest advancements in Automatic Speech Recognition (ASR), including efficiency improvements and key considerations for choosing the best Speech-to-Text solutions.
New AI Tool Enhances Video Accessibility for Blind and Low-Vision Users
An innovative AI system, SPICA, revolutionizes video accessibility for blind and low-vision users with interactive, layered audio descriptions.
HKMA and Cyberport Unveil GenA.I. Sandbox to Propel A.I. in Finance
The HKMA and Cyberport launch the GenA.I. Sandbox to foster responsible A.I. innovation in the financial sector.
Google's Gemini AI Transforms Android Experience
Google introduces Gemini AI to enhance Android's functionality with a focus on privacy and on-device processing.
Canaan Inc. to Participate in Rosenblatt's Technology Summit on AI and Bitcoin Mining
Canaan Inc. announces participation in Rosenblatt's 4th Annual Technology Summit, focusing on AI and Bitcoin mining ASICs.
Figure Launches Advanced Humanoid Robot Leveraging NVIDIA AI for Autonomous Tasks
Figure has unveiled its next-gen Figure 02 humanoid robot, utilizing NVIDIA Omniverse and GPUs for enhanced AI capabilities and autonomous operations.
The Strategic Importance of Customer Success Teams in AI Product Implementation
Discover how technical customer success and support teams play a critical role in winning and retaining customers, especially in the AI industry.
Pixel Watch 3 Introduces AI-Driven Features for Better Health and Convenience
Google's Pixel Watch 3 leverages AI for advanced health tracking, call management, and emergency detection.
Google Unveils AI-Enhanced Pixel 9 and Pixel 9 Pro Fold at Made by Google 2024
Google's 2024 event highlights AI advancements in Gemini, Android, and new Pixel devices including Pixel 9 and Pixel 9 Pro Fold.
Grok-2 AI Models Introduced by x.ai, Offering Advanced Capabilities
x.ai launches Grok-2 and Grok-2 mini, advanced AI models with text and vision understanding, available for premium users and developers.
Character.AI Introduces Prompt Poet to Revolutionize Prompt Design
Character.AI unveils Prompt Poet, a tool designed to streamline prompt design for developers and non-technical users, enhancing AI interactions.
SFC and Exchange Announce Changes to Specialist Tech Companies and de-SPAC Transactions Requirements
The SFC and Exchange have jointly announced modifications to the requirements for specialist technology companies and de-SPAC transactions.
Adept Unveils Advanced AI Agents with Multimodal Capabilities
Adept introduces AI agents powered by Adept Workflow Language (AWL) to streamline complex web interactions and enterprise automations.
Examining the Costs of AI Video Generation Platforms: A Comprehensive Breakdown
Analyze the costs of AI video generation platforms like Leonardo.AI, DeepAI, and InVideo. Learn about plans, features, and pricing to make an informed choice.
Understanding the Cost of AI Image Generation Apps: A Detailed Guide
Explore the pricing, features, and subscription plans of top AI image generation apps like Craiyon, Leonardo.Ai, and DeepAI.
IBM Research Unveils Advanced AI Hardware Innovations
IBM Research is developing cutting-edge devices and architectures to meet the increasing processing demands of AI.
Anthropic's Artifacts Now Available to All Claude.ai Users
Anthropic announces the general availability of Artifacts for all Claude.ai users across Free, Pro, and Team plans, enhancing creative collaboration.
Smart Ways Students Are Leveraging AI to Enhance Learning
Explore how students are using AI to enhance learning, with insights from parents and teachers on responsible AI usage.
ElevenLabs Unveils AI-Generated Sound Effects Library
ElevenLabs has launched a community library of AI-generated sound effects, featuring 38 categories for users to explore.
Fabless Chip Designers Revolutionizing the Semiconductor Industry
Fabless semiconductor companies focus on design and innovation, offering agility and scalability in a competitive market. Discover their impact on the industry.
TEAL Introduces Training-Free Activation Sparsity to Boost LLM Efficiency
TEAL offers a training-free approach to activation sparsity, significantly enhancing the efficiency of large language models (LLMs) with minimal degradation.
IBM Research Leverages Quantum Computing and AI for Accelerated Discovery
IBM Research is integrating quantum computing, AI, and hybrid cloud to expedite solutions for today's pressing problems.
Gemini Introduces New Features to Enhance Student Learning
Gemini's new features aim to help students study smarter with resources like OpenStax. Available for students 18 years and older.
Startup Revolutionizes Retrieval-Augmented Generation for Enterprises with RAG 2.0
Contextual AI's RAG 2.0 platform offers 10x better parameter accuracy and performance, enhancing enterprise solutions by integrating real-time data retrieval.
Comprehensive Guide to Speech-to-Text Technology
Explore the complete guide to speech-to-text technology, including what it is, how it works, types of engines, benefits, and applications.
Blockchain Poised to Modernize Payment Solutions
Blockchain technology is set to revolutionize the payment industry by offering faster, cheaper, and more efficient solutions for cross-border transactions, according to BinanceResearch.
NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing
NVIDIA's new Regularized Newton-Raphson Inversion (RNRI) method offers rapid and accurate real-time image editing based on text prompts.
ElevenLabs and Shapes Introduce AI Friends with Voice Interaction on Discord
ElevenLabs collaborates with Shapes to bring voice interaction to AI friends on Discord, enhancing user experience and customization.
Stellar (XLM) Highlights Blockchain's Humanitarian Impact at Point Zero Forum
Stellar (XLM)'s Candace Kelly discussed blockchain compliance and humanitarian aid at the Point Zero Forum, showcasing the real-world applications of the Stellar network.
Understanding Bandwidth, Throughput, and Speed in Tech
Explore the differences between bandwidth, throughput, and speed in technology, as explained by Gala News.
BCW Technologies: Key Player in Polygon (MATIC) PoS Validation
BCW Technologies, a prominent Polygon (MATIC) PoS validator, discusses their infrastructure, mission, and vision in the latest Spotlight Quest series.
AI Revolutionizes Customer Service Across Multiple Industries
AI-powered customer service tools are transforming industries by enhancing agent productivity, automating interactions, and improving customer satisfaction.
Exploring the Advancements and Applications of Speech Recognition Technology
Discover the latest advancements, benefits, and applications of speech recognition technology, including how to choose the right API for your needs.
NVIDIA Explores Generative AI Models for Enhanced Circuit Design
NVIDIA leverages generative AI models to optimize circuit design, showcasing significant improvements in efficiency and performance.
Blockchain Tech Breakthroughs and Their Impact on Various Industries
Explore how blockchain innovations like AMMs, DAOs, and zero-knowledge proofs are transforming industries beyond crypto, as discussed in a16z crypto's latest podcast.
ASIC Arms Race Continues Unabated with No End in Sight
The ongoing depreciation challenge faced by ASIC owners as technological advancements in mining equipment persist, according to CoinShares.
Etherfuse Launches Mexican Stablebond on Solana (SOL) Blockchain
Etherfuse introduces a Mexican Stablebond on the Solana (SOL) blockchain, aiming to revolutionize financial inclusion and democratize financial systems.
HKMA Initiates Phase 2 of e-HKD Pilot Programme to Explore Digital Money Innovations
The Hong Kong Monetary Authority (HKMA) launches Phase 2 of the e-HKD Pilot Programme, expanding Project e-HKD to investigate new digital money forms.
Google TV Introduces New Updates Including Smart Home Controls and Streamer
Google TV rolls out updates with new features such as smart home controls and a new Google TV Streamer, available starting September 24.
Celestia Foundation Secures $100M to Advance Modular Blockchain Technology
Celestia Foundation raises $100 million led by Bain Capital Crypto, aiming to scale modular blockchain technology. The funding will boost its rollup ecosystem and data throughput.
SingularityNET (AGIX) Updates Progress in Decentralized AI Platform Development
SingularityNET (AGIX)'s biweekly update highlights significant advancements in its Decentralized AI Platform, covering core components like Daemon, Publisher, and SDKs.
Brazilian Startup RadarFit Leverages AI to Promote Healthy Habits
RadarFit, a Brazilian wellness app, uses AI and gamification to encourage healthy habits, impacting employee wellness positively.
ElevenLabs Leads the Arabic Text-to-Speech Market
ElevenLabs emerges as the top choice for Arabic text-to-speech solutions, offering superior voice quality and advanced customization features.
Hitachi Rail Leverages NVIDIA AI for Enhanced Real-Time Railway Analysis
Hitachi Rail integrates NVIDIA AI technology to reduce maintenance costs, improve transit reliability, and enhance real-time railway analysis.
NVIDIA Collaborates with U.S. Tech Leaders to Revolutionize Industries with AI
NVIDIA partners with U.S. tech giants like AT&T and Lowe's to deploy AI solutions across various sectors, enhancing productivity and innovation.
NVIDIA Advances Surgical Robotics with AI-Driven Simulation and Digital Twin Technology
NVIDIA enhances surgical robotics through AI-driven simulation and digital twin technology, aiming to improve surgical outcomes and democratize healthcare access.
NVIDIA and Lenovo Unveil New AI Initiatives for Supercharged Productivity
NVIDIA CEO Jensen Huang and Lenovo CEO Yuanqing Yang announce a new AI platform at Lenovo Tech World 2024, aiming to enhance enterprise productivity with advanced AI solutions.
Leveraging AI for Efficient Meeting Transcript Summarization
Discover how AI technology can transform meeting transcript summarization, enhancing productivity and collaboration in virtual meetings through advanced AI models and tools.
Clearbot Revolutionizes Water Cleanup with Autonomous AI Technology
Clearbot, founded by Hong Kong graduates, uses NVIDIA Jetson technology for autonomous, efficient waterway cleanup, tackling ocean pollution with AI-driven boats.
GitHub Launches New Initiative to Support Nonprofit Organizations
GitHub introduces a new portal offering exclusive discounts and resources for nonprofits to enhance their technological capabilities and drive social impact.
Telegram Introduces Gifts and Verification Platform Enhancements
Telegram unveils new features, including a gift-sending option and a verification platform for businesses. Enhanced reporting and video chat functionalities are also introduced.
Why Speech AI Should Be a Priority for Your 2025 Business Strategy
Speech AI is revolutionizing industries by transforming how businesses interact with customers and process information. Discover why incorporating it into your roadmap is essential for staying competitive.
Bitfinex Lists NYM Token to Enhance Digital Privacy
Bitfinex announces the listing of NYM, a privacy-focused token from Nym Technologies, enhancing online security through decentralized mixnet technology.
Understanding Nym Tech (NYM): A Decentralized Privacy Solution
Nym Tech is a decentralized, privacy-focused project utilizing a mixnet to secure digital privacy through encryption and tokenized incentives. Discover how NYM tokens support its privacy infrastructure.
NVIDIA AI Summit Highlights Safety in Autonomous Driving Technology
Experts at the NVIDIA AI Summit in Washington D.C. discussed the safety standards and technological innovations shaping the future of autonomous vehicles.
Neuromodulation Advances with NVIDIA Jetson in Brain Disease Treatment
NVIDIA Jetson enhances brain disease treatment through Brain-Machine Interactive Neuromodulation, offering real-time neural decoding and stimulation for conditions like epilepsy and Parkinson’s.
Anthropic Unveils Claude 3.5 Sonnet and Haiku Models with New Computer Use Feature
Anthropic introduces Claude 3.5 Sonnet and Haiku models, featuring improved AI capabilities and a public beta for computer use, enhancing coding and tool use tasks.
AI's Impact on Product Strategies: Insights from 2024 Report
Discover how AI is influencing product strategies in 2024, based on insights from over 200 industry leaders, as highlighted in AssemblyAI's latest report.
NVIDIA Partners with Indian IT Giants to Propel AI Adoption
NVIDIA collaborates with Infosys, TCS, Tech Mahindra, and Wipro to accelerate AI adoption in India, creating jobs and training developers for the AI era.
Claude 3.5 Sonnet: Enhancing AI with Computer Interaction Capabilities
Anthropic's Claude 3.5 Sonnet advances AI by emulating human computer interactions, unlocking new applications. This development marks a significant breakthrough in AI progress, according to Anthropic.
NVIDIA's Multi-Agent AI Advances Sound-to-Text Innovations
NVIDIA's groundbreaking multi-agent AI system enhances sound-to-text technology, boosting performance in the DCASE 2024 AAC Challenge with multi-encoder fusion and GPU-accelerated processing.
Character.AI Enhances Safety Measures with New Features for User Protection
Character.AI introduces new safety measures, including features for minors and proactive character moderation, to enhance user security and maintain an engaging platform experience.
Exploring the Synergy Between Cryptocurrency and AI: A New Technological Frontier
The integration of cryptocurrency and AI promises transformative changes in the digital economy, enhancing accessibility, transparency, and paving the way for the 'Agentic Web'.
NVIDIA CEO Advocates for India's Autonomous AI Development
NVIDIA CEO Jensen Huang emphasizes India's potential in AI, urging the country to build its own AI infrastructure to leverage its data and talent.
Blender Cycles Joins Render Network's Closed Beta for Decentralized Rendering
Blender Cycles has been integrated into the Render Network's closed beta, offering decentralized GPU rendering to millions of artists. This marks a significant step in expanding Render's multi-render capabilities.
ElevenLabs Reaches $1 Million Milestone in Voice Library Payouts
ElevenLabs has announced a significant achievement, surpassing $1 million in payouts to voice actors since February, marking a notable milestone in the growth of its Voice Library.
AI Devices Revolutionize Wolf Conservation in Yellowstone
AI-powered devices by Grizzly Systems are deployed in Yellowstone to track wolves, aiding conservationists in understanding behavior and protecting livestock. The technology uses advanced neural networks and NVIDIA GPUs.
AMD Ryzen AI 300 Series Enhances Llama.cpp Performance in Consumer Applications
AMD's Ryzen AI 300 series processors are boosting the performance of Llama.cpp in consumer applications, enhancing throughput and latency for language models.
Top AI-Powered Transcript Summarizers: A Comprehensive Guide
Explore the seven leading AI-powered transcript summarizers, examining their features, accuracy, pricing, and compatibility to help you choose the best tool for your needs.
xAI Launches API for Grok Model Access
xAI introduces its API, granting developers access to the Grok foundation models. The API is compatible with OpenAI's and Anthropic's, easing migration.
HKMA and BIS Conclude International Financial Conference on Emerging Technologies
The Hong Kong Monetary Authority and BIS co-host an international conference focusing on emerging technologies in finance, attracting key stakeholders globally.
BTFS Protocol v3.1.0 Mainnet Launches with Enhanced Security Features
BTFS Protocol v3.1.0 Mainnet introduces key security upgrades including password verification and feature removal to streamline user experience, according to BitTorrent Inc.
AlixPartners and Chainalysis Forge Partnership to Enhance Crypto Forensic Services
AlixPartners partners with Chainalysis to boost forensic investigations and compliance services in the digital asset sector, leveraging advanced blockchain technology.
AI Model Revolutionizes Breast Cancer Metastasis Detection Without Surgery
A groundbreaking AI model developed by UT Southwestern Medical Center researchers can detect breast cancer metastasis without surgery, using advanced MRI analysis.
Universal-2: Revolutionizing Speech Recognition with Advanced Accuracy
Universal-2 enhances speech-to-text accuracy by addressing real-world demands, focusing on structured data and critical details over traditional Word Error Rate metrics.
AI-Powered 3D Visualization Enhances Breast Cancer Surgery
SimBioSys introduces AI-driven 3D imaging technology to improve breast cancer surgeries, offering detailed tumor visualizations to aid surgical planning and treatment decisions.
Sortition in Modern Governance: Tech Giants Explore Lottery-Based Decision Making
Explore the revival of 'sortition,' an ancient practice of governance by lottery, now gaining interest among tech and AI companies like Meta, OpenAI, and Anthropic.
FLock.io and Animoca Brands Partner to Enhance Decentralized AI Development
FLock.io partners with Animoca Brands to develop AI models using blockchain technology, focusing on privacy-preserving, decentralized applications in the Web3 ecosystem.
NVIDIA Unveils AI Blueprint for Video Search and Summarization
NVIDIA introduces a new AI Blueprint enabling industries to develop visual agents for video analysis, enhancing productivity and safety across various sectors.
Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.
El Salvador Eliminates Taxes on Technology Innovations
El Salvador has eliminated all income, property, and capital gains taxes on technology innovations, including software programming, coding, apps and AI development, as well as computing and communications hardware manufacturing. This move supports the country's ongoing efforts to expedite technological development, including the establishment of the National Bitcoin Office (ONBTC) to conduct joint initiatives with Bitcoin entrepreneurs and companies.
KPMG: Fintech Funding Fades in 2023
The global fintech market experienced its most challenging year since 2017, with investments dropping to $113.7 billion. Singapore's AI fintech sector saw a 77% increase in funding.
UN Research Unveils Bitcoin's Environmental Toll Beyond Carbon Emissions
A UN study reveals Bitcoin mining's significant environmental impact, including carbon emissions, water and land damage, and heavy reliance on fossil fuels. It calls for urgent regulatory and technological interventions to promote a sustainable digital currency ecosystem.
Blockchain Identity Management Market to Hit $17.81B by 2030
The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR).
Investors Rally to Support Silicon Valley Bank Amidst Possible Closure
Over 125 venture capitalists and investors, including Sequoia Capital and General Catalyst, have pledged their support for Silicon Valley Bank (SVB) as the 40-year-old banking institution winds down its operations. The investors signed a statement in an effort to cushion the impact of the bank's possible closure and limit the fallout on tech companies that rely on SVB for funding and banking services.
Virginia Tech Study Reveals Geographic Biases in ChatGPT's Environmental Justice Information
Virginia Tech study reveals ChatGPT's limitations in providing local-specific info on environmental justice, highlighting geographic biases.
Chainlink Unveils Constellation: A Grand Hackathon Event
Chainlink announces its largest hackathon, Constellation, from November 8 to December 10, 2023, with a $350,000 prize pool across seven core tracks. This event follows the trajectory of growth from Chainlink's inaugural hackathon in 2020. The hackathon is open to Web3 engineers of all experience levels and covers a broad spectrum of blockchain applications. It not only serves as a competition but a learning platform offering extensive educational resources and technical support to participants.
Tencent Unveils Top Ten Tech Trends for 2024
Tencent Research Institute's report on 2024's top technology trends highlights quantum computing, high-performance chips, AI-driven industry development, sustainable computing, IoT, cloud computing, and more, signifying transformative impacts across industries.
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.
Animoca Brands Cuts Metaverse Fund Target to $800M
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.
Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
European Commission Unveils Strategy to Lead Web 4.0 and Virtual Worlds
A new strategy for Web 4.0 and virtual worlds has been unveiled by the European Commission in an effort to steer the next technological revolution and guarantee a safe, open, and welcoming online environment for individuals, organizations, and government agencies across the EU.
BondbloX Secures $6M in Series B Funding Led by Beacon Venture Capital
Singapore-based FinTech company BondEvalue has raised $6 million in a Series B funding round, led by Beacon Venture Capital and supported by MassMutual Ventures and Citigroup. The funding will expand BondbloX Bond Exchange, a distributed ledger technology that democratizes bond market access through fractional and full-size trading.
Alex Gladstein Fights Government Corruption
Human Rights Foundation CSO Alex Gladstein thinks Bitcoin can improve democracy and combat state corruption by restricting government and institutional authority.
Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.
Goldman Sachs Predicts Booming Blockchain Asset Trading in Coming Years
Goldman Sachs predicts a substantial increase in blockchain-based asset trading in the next 1-2 years, indicating a transformative shift in financial markets and growing interest in digital assets.
Regulating the Metaverse: BIS's Call for Unity
BIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.
Thai Political Party Proposes Digital Currency Stimulus
The Pheu Thai Party in Thailand plans to give all Thai residents over the age of 16 a stipend of $300 in digital currency if the party wins the next election. The initiative aims to stimulate the local economy using blockchain technology.
OKX Faces Allegations of Restrictive Practices in ICE Coin Listing
OKX, a leading crypto exchange, faces allegations of unfair trading practices following its listing of the ICE coin. Despite technological advancements and a growing global presence, these accusations put the company's commitment to transparency and user trust to the test.
Over 1 Million Applicants Join Nigeria's 3MTT AI Program
Nigeria's 3MTT program, led by Bosun Tijani, is attracting over one million applicants, demonstrating the country's commitment to AI education and fostering a technologically skilled workforce.
FTC Investigates Big Tech's AI Investments
The US FTC is conducting a thorough investigation into the partnerships and investments between tech giants like Alphabet, Amazon, Microsoft, and AI startups like OpenAI and Anthropic, focusing on their impact on market competition and innovation.
BC Technology Group Shares Drop 30%, Company Clarifies OSL Sale Rumor
BC Technology Group Limited refutes rumors of considering selling its virtual asset trading platform, OSL, following a Bloomberg report, amidst a significant drop in its share prices on 17 October 2023. The company clarified there's no ongoing negotiation or consideration regarding the OSL sale, urging investors to exercise caution.
Federal Reserve's Bowman Discusses Digital Currency Innovations Amid CBDC Debate
Federal Reserve Governor Michelle Bowman, in a discussion at Harvard Law School, explored the evolving digital payment landscape, touching on CBDC, stablecoins, and the necessity for a robust regulatory framework. While recognizing the potential of digital assets, she emphasized a cautious approach, underscoring the importance of continued research and international collaboration to navigate the digital transformation responsibly.
Bloomberg Partners with Elwood Technologies to Aid Institutional Crypto Adoption
To enable financial institutions and investment managers to govern their crypto investments seamlessly, Bloomberg has partnered with global fintech company Elwood Technologies.
Global Microfinance Market Projected to Reach $506 Billion by 2030
The global microfinance market, valued at $200 billion in 2022, is expected to grow to $506 billion by 2030, according to a new report by ResearchAndMarkets.com. The market is set to expand at a CAGR of 12.3% from 2022 to 2030. Microenterprises are identified as a vital growth driver for Microfinance Institutions (MFIs). The report also highlights the role of emerging technologies like AI and blockchain in shaping the industry.
U.S. Seizes $1.4M in Tether Linked to Tech Support Scam Targeting Elderly
The U.S. Attorney's Office in Chicago has seized approximately $1.4 million in Tether (USDT) linked to an alleged tech support scam that primarily targeted elderly victims across the United States.
Elon Musk Warns of AI Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
Shanghai, China, Launches a Comprehensive Technical Initiative for the Metaverse (2023-2025)
The Shanghai Municipal Science and Technology Commission announced today the release of its "Shanghai Metaverse Key Technology R&D Plan (2023-2025)".
Tether Intervenes on Terrorism Funding, Freezing 32 Cryptocurrency Addresses
Tether has frozen 32 cryptocurrency addresses tied to terrorism funding in Israel and Ukraine, manifesting the growing partnership between crypto firms and global law enforcement to combat digital-financed crime.
Craig S Wright Challenges Cypherpunk Interpretation of Bitcoin
Dr. Craig S Wright criticizes the cypherpunk movement for misinterpreting Bitcoin's goals, emphasizing on Twitter and his blog the importance of legal frameworks in cyberspace. He highlights the growing global regulations due to cybercrime, and explores blockchain technology's potential and the necessity of legal adherence for its evolution across various sectors.
Digital Asset Investments Surge to $117 Million
Last week, digital asset investment products experienced record inflows and volumes.
China intensifies focus on blockchain despite cryptocurrency stance
China's Ministry of Industry and Information Technology aims to improve its blockchain technology standards by 2025, calling for public opinion on the draft guidelines. Blockchain is listed as a target industry for growth in the country's 5-year plan.
ARK Invest and 21Shares Launch Innovative Digital Asset ETF Suite
ARK Invest and 21Shares have launched a suite of digital asset ETFs, combining crypto-specific insights with traditional investment indicators, focusing on Bitcoin and Ether futures.
Boosting Trade Efficiency: XRPL's fixReducedOffersV1 Upgrade
The XRPL's fixReducedOffersV1 amendment, which has achieved 80% consensus, is in a two-week activation countdown, enhancing DEX functionality and addressing reduced offers in order books.
Polkadot Reports Q3 Growth: New Parachains, Staking Metrics, and Technical Upgrades
Polkadot's ecosystem saw significant expansion in Q3 2023, with the addition of five new parachains, a rise in staking metrics, and major technical upgrades. The total volume of staked DOT increased to 663 million, and the platform recorded more than 190 million on-chain events. The quarter also saw the introduction of native USDC and a 20% quarter-on-quarter rise in XCM messages.
Zodia Custody and Parity Technologies Forge Strategic Partnership for Polkadot Ecosystem
Zodia Custody has partnered with Parity Technologies to enhance institutional access to the Polkadot ecosystem, a pioneering blockspace network. The partnership will provide custody services, staking DOT, and bridging the gap between traditional finance and digital assets. Zodia Custody will also support the ecosystem's sustained evolution through research and development, promoting global initiatives associated with Parity and Polkadot.
FIFA Club World Cup 2023 Partners with Modex for Exclusive NFT Collection Launch
FIFA Club World Cup 2023™ combines football and digital tech with FIFA+ Collect's exclusive NFT series, partnering with Modex to enhance fan engagement and memorabilia experience.
DLT in Capital Markets: A Strategic Assessment of Opportunities and Risks - A Report by the Global Financial Markets Association
The Global Financial Markets Association (GFMA) has released a comprehensive report examining the opportunities and challenges presented by Distributed Ledger Technology (DLT), including DLT-based Securities and associated activities across the securities lifecycle.
Fidelity Investments Adds More Than 12,000 New Jobs to Meet Customer Interest in Growing Areas Like Crypto
To address customer demands in growing areas like cryptocurrency and direct indexing, Fidelity Investments has created more than 12,000 job offerings to shape the future of financial services.
How Triffic is Gamifying Advertising for Local Businesses
Entering the world of cryptocurrency can be a daunting prospect for newcomers, with several practical and psychological barriers to overcome. Most people who’ve heard of Bitcoin are aware of its notorious volatility, and in some cases, of negative headlines associated with cryptocurrencies, such as the risk of hacks and losing private keys.
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.
Hub71+ Digital Assets Initiative Aims to Advance Web3-Based innovations
Hub71 will invest $2 billion in Web3 startups in Abu Dhabi.
HKMA Initiates Stablecoin Issuer Sandbox Program
The HKMA has announced the launch of a stablecoin issuer sandbox, a step forward for fintech innovation in Hong Kong, aligning with regulatory oversight.
Superstate Gains $14m in Series A Led by Distributed Global and CoinFund
Superstate, an innovative asset management firm, has secured a $14 million Series A financing round, aiming to expand its team and launch private funds for institutional investors.
Bitdeer and NVIDIA Partner to Launch AI Cloud Service in Asia
Bitdeer Technologies Group and NVIDIA are set to launch Bitdeer AI Cloud in Asia, utilizing NVIDIA DGX SuperPOD technology, to meet the growing demand for AI computing power in the cloud PaaS market.
German Crypto Firm USI Tech Founder Charged in $150 Million Fraud Scheme
Horst Jicha, founder of USI Tech, has been charged with defrauding investors of $150 million in a fraudulent crypto scheme, marking a significant development in regulatory action against crypto-related crimes.
Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit
Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.
LocalBitcoins Seller Charged by US Homeland Security for Money Laundering
Kenneth Rhule, a localBitcoins seller is charged by the US Homeland Security for conducting an unlicensed money transmitting business. Rhule can face up to forty years in prison on account of fraudulent activity alongside illegal marijuana production and distribution.
Nigeria Plans to Regulate Digital Asset Platforms
Nigeria’s SEC is considering new regulations for digital asset platforms, allowing licensed digital exchanges to list tokens backed by certain assets. Cryptocurrencies like Bitcoin and Ether will not be among those assets. Nigeria aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers. Crypto exchanges will not be registered until the central bank provides clear regulations.
China's Guangdong Province Aims to Lead in Quality and Innovation by Embracing Blockchain and AI Technologies
In a recent move, the Guangdong Provincial Party Committee and Provincial Government have issued the "Outline for Building Guangdong Province as a Strong Quality-driven Province," outlining their vision to enhance the leading role of industrial clusters in terms of quality.
Friend.tech Faces Data Leak and Security Concerns
Friend.tech gains traction with endorsements like Garry Tan of Y Combinator. However, security and data leak concerns advise caution for potential users
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
European Commission Launches Research Unit to Investigate Algorithms Used by Big Tech
The European Commission has launched a new research unit called the European Centre for Algorithmic Transparency (ECAT) to investigate the impact of algorithms used by prominent online platforms and search engines such as Facebook and Google. The team will analyze and evaluate the AI-backed algorithms used by Big Tech firms to identify and address any potential risks posed by these platforms.
Huawei Cloud Introduces Advanced Web 3.0 Services to Enhance Hong Kong's Digital Landscape
Huawei Cloud launched Web 3.0 services in Hong Kong on Aug. 16, 2023. The TechWave event showcased blockchain innovations and aimed to boost the region's digital economy and Web 3.0 ecosystem.
Vietnam to Propel Blockchain Training for Enhanced Competitiveness
To gain an upper hand in the blockchain sector, Vietnam is in high gear to boost human resources in this sector
Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.
Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.
Alpaca Debuts Private Equity Real Estate
Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.
South Korea's FSC to Submit Two Crypto-Related Acts to National Assembly
According to Newsis on July 13, the People's Power Party and the Financial Services Commission of South Korea are planning to submit amendments to the Electronic Securities Act and the Capital Market Act to the National Assembly within this month.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Interchain Foundation to Spend $40 Million on Cosmos Ecosystem Development
The ICF supports adoption initiatives like Interchain Builders and Interchain NFTs while emphasizing core development.
Why Switzerland is Fast Becoming a Global Hub for Blockchain Industry
Switzerland is fast adopting innovation and blockchain and is positioned to create a huge impact on other economies.
Extraterrestrial Evidence: A 15-Year Scientific Wager
Astrobiologist Schulze-Makuch and planetary scientist Ian Crawford predict technological extraterrestrial life within 15 years, highlighting rapid space exploration advancements and cosmic significance.
UK Government Explores IP Challenges in Emergent Metaverse Ecosystems
A new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses.
Dutch Government Invests Heavily in AI to Compete Globally
The Dutch government has allocated €204.5 million ($222.07 million) for AI development, signaling a robust commitment to advancing the Netherlands' position in the global AI landscape and adhering to the EU's AI Act.
Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets
The U.S. is contemplating tightening restrictions to prevent Chinese firms from accessing American AI chips via overseas outlets, reinforcing its stance on curbing China's AI military advancements. The move comes amid existing challenges in enforcing export controls, with the new rules expected to broaden the scope of restrictions on the AI chip market.
Philippine Firm Paytaca Raises PHP7.5 Million to Expand Bitcoin Cash Adoption
Paytaca said that it raised PHP7.5 million pesos in a private crowdfunding round that gives the company a new valuation.
Nansen CEO Predicts Six Key Trends in Crypto
Nansen.ai CEO, Alex Svanevik, outlined six pivotal crypto trends on Twitter, emphasizing the synergy of fintech and crypto, DeFi's potential in gambling, the growing relevance of real-world assets like T-bills, the impending rise of Web3 gaming, SocialFi's development, and Physical NFTs' retail integration. The thread also welcomed community input, reflecting on other emerging trends like blockchain in fantasy sports.
Hydrogen Technology Corporation Settles Crypto Manipulation Lawsuit
Hydrogen Technology Corporation and its former CEO, Michael Ross Kane, have settled a lawsuit brought against them by the Securities and Exchange Commission (SEC) for alleged cryptocurrency price manipulation. The settlement requires the firm and Kane to pay $2.8 million in remedies and penalties. The SEC alleged that Kane used Hydrogen's market maker, Moonwalkers Trading Limited, to manipulate the volume and price of its ERC-20 token, Hydro (HYDRO).
Trump Warns of AI and Deepfake Dangers in Fox Business Interview
Former President Donald Trump criticized AI and deepfake technology, stating they pose significant risks and require urgent action to mitigate potential conflict and misinformation, emphasizing the complexities of regulating AI and ensuring ethical use.
Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.
Stars Arena Recovers Majority of Stolen Crypto
Stars Arena, a Web3 social media platform, has recovered about 90% of the 266,104 AVAX stolen in a security breach on October 7, 2023, following a settlement with the exploiter. The platform received 239,493 AVAX back, while awarding a 27,610 AVAX bounty to the individual. Post-recovery, Stars Arena is enhancing its security measures, including auditing a new smart contract to safeguard against future exploits.
FinTech Figure Launches Cryptocurrency Mortgage Products
Figure now enables customers to leverage cryptocurrencies to purchase real estate.
Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud
Nigeria Police Force arrests politician Wilfred Bonse for over 200 million Naira financial fraud at Patricia Technologies, three for romance scam, and USDT recovery in cryptocurrency fraud.
Saudi's $250M Tech Innovation Boost with Hashgraph (HBAR)
The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions.
Mercedes-Benz and Volkswagen Unveil Cutting-Edge Voice Assistants at CES 2024
Mercedes-Benz and Volkswagen showcase advanced voice assistant technology at CES 2024, including Mercedes' 'Dialogue Partner' and Volkswagen's ChatGPT integration, enhancing user experience and safety in vehicles with AI-driven innovations.
Crypto.com Joins Hands with Xfers to Enhance Cryptocurrency Adoption in Singapore
At the ongoing Singapore Fintech Festival, Crypto.com has revealed its collaboration with Xfers, a Singapore-based payment processing portal. By December 2019, the partnership seeks to permit Crypto.com users to purchase and sell crypto, such as Ripple, Ethereum and Litcoin, among others in SGD.
MahaDAO Shares Details of Staking Program That Delivers 40% APY
MahaDAO, the crypto collateralization and valuecoin minting protocol, is to launch a staking program for its native governance token. Holders of MAHA, which was issued to the community in an Initial DEX Offering (IDO) last week, will be able to stake their assets for a 90-day period and earn a yield of close to 40%.
Ethics of Web3 Discussed at Paris Blockchain Week
The second day of Paris Blockchain Week 2023 featured a panel discussion on the Ethics of Web3. The panelists agreed that ethical frameworks often lag behind technology and that innovation comes before any ethical standards are implemented. They highlighted the upcoming Markets in Crypto-Assets framework in the European Union as an example of turning ethics into law to protect people and innovation.
Microsoft Unveils Free Copilot AI App for Android, Featuring GPT-4 and Challenging Paid Alternatives
Microsoft's Copilot AI app for Android, incorporating GPT-4, challenges paid alternatives with advanced text and image capabilities, enhancing the Microsoft ecosystem and preparing for an iOS version.
Siemens Issues World's First Blockchain Bond
Siemens claims that "releasing the bond on a blockchain provides a variety of advantages compared to prior approaches," including removing banks as middlemen.
Tachyum's Prodigy Processors: A Game-Changer for Blockchain in Banking and FinTech
Tachyum, a leading tech company, has recently published a paper titled "Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy", which highlights the potential of Prodigy to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain's energy consumption.
SSV Network Founder Drafted; Assurance of Continued Operations Given
The leadership of SSV Network, amidst a war crisis, shared personal experiences and reassured the community of ongoing operations. Founder Alon Muroch described the ground situation as a "massacre" after being drafted, while A. Matthias emphasized team unity and continued work towards delivering a robust Distributed Validator Technology (DVT) network. The scenario highlighted the resilience of decentralized blockchain networks in maintaining operational integrity under challenging circumstances.
Elon Musk Warns of AI’s Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
Revolut faces issues with 2021 annual report
UK-based fintech Revolut, known for its crypto-friendly services, experienced issues with its annual report for 2021, despite reporting its first-ever full year of profit. Independent auditors confirmed the report’s accuracy, but noted certain qualifications related to the report.
Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate
Dr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.
Decoding Paradigm's Vision: Cryptocurrency as the Next Tech Revolution
Paradigm's perspective on cryptocurrency emphasizes its potential to be the next big technological revolution. Crypto KOL Splin Teron analyzes this view, highlighting the growing adoption and untapped potential of this emerging asset class.
Blockchain in Fintech Sector Expected to Hit $31.4B by 2030
Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.
ECB's Digital Euro Development: An In-Depth Look at the Rulebook's Progress
The European Central Bank's Rulebook Development Group is enhancing the digital euro framework, focusing on operational models, technical architecture, and participant rights for seamless integration into the financial system.
Tech leaders sign open letter calling for AI development halt
More than 2,600 tech leaders, including Elon Musk and Steve Wozniak, have signed an open letter calling for a temporary halt to any further artificial intelligence (AI) development. The letter expresses concerns about the potential hazards to society and mankind posed by AI with human-competitive intelligence. However, the petition has divided the larger tech community, with some opposing the call to halt AI development, citing the need to keep moving forward with new technologies.
Thai Political Party Proposes $300 Digital Currency Stimulus
The Pheu Thai Party in Thailand has proposed giving all residents 16 years and older a digital currency stipend of $300 if it wins the next election. The initiative is a stimulus project aimed at helping the local economy using blockchain technology.
ADGM Launches Pioneering DLT Foundations Regime
Abu Dhabi Global Market's Registration Authority has introduced the Distributed Ledger Technology Foundations Regulations 2023, a global legislative framework designed to facilitate token issuance, promote governance, and drive transparency in the crypto sector.
Japan supports OpenAI amid concerns
Japan expressed interest in incorporating OpenAI’s technology into government systems, provided privacy and cybersecurity concerns are addressed. OpenAI CEO, Sam Altman, visited Japan and met with government officials to discuss the potential of the technology and how to maximize its benefits while minimizing risks. Meanwhile, OpenAI is being investigated by Canada’s privacy commissioner for allegedly collecting and utilizing personal information without consent.
Vitalik Buterin's Vision of Techno-Optimism and AI's Future
Ethereum founder Vitalik Buterin advocates for a balanced approach to technology, considering both its benefits and risks, particularly in the context of AI and existential risks.
FDIC Orders Self-Correction from Cross River Bank
The FDIC has asked Cross River Bank to correct and address issues in its lending activities. A consent order executed in March alleged that the bank had engaged in "unsafe" banking practices regarding compliance with fair lending laws and regulations in 2021.
OKX Launches AI Integration for Crypto Market Volatility
OKX has partnered with EndoTech.io to utilize AI algorithms for real-time analysis of data and trading opportunities, specifically to capture crypto market volatility. This new integration follows the recent announcement of OKX expanding its services to Australia while shutting down operations in Canada.
Gmail Enhances AI Email Drafting with Voice Input
Google is set to revolutionize Gmail with the integration of a voice input feature in its AI-powered 'Help Me Write' tool, enhancing the email drafting process and reflecting the evolving role of AI in digital communication.
Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status
Hong Kong's government supports bitcoin infrastructure development. In 2023, Hong Kong's finance secretary Paul Chan said the government and authorities would work with crypto and fintech businesses. Many sector businesses want to develop in Hong Kong or go public on local markets.
Consumers See Crypto as Investment Tools, Study says
Consumers in the United States view cryptocurrencies as ideal investment vehicles, according to a new study by Paxos.
Coinbase Bolsters Advisory Board with Security Experts
Coinbase has enlisted four national security experts to its Global Advisory Council, including former U.S. Secretary of Defense Mark Esper, former U.S. Representative Stephanie Murphy, Counterterrorism Advisor Frances Townsend, and strategist David Urban.
White House Top Tech Adviser Holds Millions in Bitcoin
Timothy Wu, a top technology and competition policy adviser for the White House, is identified to be a bitcoin millionaire. Politico featured the tech adviser for the Biden administration and quoted his personal financial disclosure.
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.
Hacking Attempts on Upbit Surge to 159,061 in First Half of 2023
Hacking attempts on South Korea's largest cryptocurrency exchange, Upbit, have surged to 159,061 in the first half of 2023, according to data submitted to the National Assembly. The figure represents a 2.17-fold increase compared to the same period last year. Lawmaker Park Sung-jung criticizes the ambiguous role of the Ministry of Science and Technology in regulating the exchange.
Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation
Midjourney's V6 alpha update, a significant advancement in AI-driven image generation, offers enhanced prompt interpretation, smarter generation, remixing, improved upscaling, and additional image manipulation options. Despite mixed user reactions, the update's detailed, realistic outputs have garnered praise.
Leading Sneaker MarketPlace Sets Foot in the Metaverse to Spur Innovations
The Edit LDN, a global sneaker marketplace based in London, has entered the metaverse by developing a premium store to drive its innovation a notch higher.
Ex-FTX Execs Launch New Crypto Exchange Backpack
Former FTX executives, Can Sun, are launching Backpack Exchange in Dubai, aiming to raise $100 million for customer fund security and advanced technology.
Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry.
Hong Kong Suffers Surge in Crypto Scams in 2022
Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.
Shinhan Bank and SCB TechX Achieve Milestone with Successful Stablecoin Remittance Pilot on Hedera Network
Shinhan Bank, SCB TechX, and Taiwan's largest financial institution have successfully completed a stablecoin remittance proof-of-concept (PoC) pilot on the Hedera network, as announced on July 18th, 2023.
Taurus raised $65 million
Credit Suisse, Deutsche Bank, Arab Bank Switzerland, and others invested $65 million in digital asset infrastructure provider Taurus.
Twitter to Add Cryptocurrency Trading
Twitter is partnering with fintech firm eToro to offer a new feature allowing users to trade cryptocurrencies and stocks. The feature will be accessed via a "view on eToro" tab, taking users to eToro's trading platform. This is the first major deal for Twitter since Elon Musk took over as CEO.
Two Massachusetts Men Arrested And Charged To US Court For Supposed Social Media Frauds And Crypto Theft
Two Massachusetts men had been arrested and charged to court on account of stealing victims' social media accounts and cryptocurrency through swapping their sims, hacking their computers, and other nameless techniques.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum
On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the "Beijing Web 3.0 Innovation and Development White Paper (2023)" at the parallel forum of the Zhongguancun Forum titled "Web 3.0: Future Development of the Internet Industry."
Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul
Microsoft's Dee Templeton joins OpenAI's board as a nonvoting observer amidst significant corporate governance changes following CEO Sam Altman's brief ouster and reinstatement.
Chinese Premier Li Qiang Advocates Ethical AI Boundaries at Davos
Chinese Premier Li Qiang at the Davos Forum calls for establishing ethical boundaries and good governance in AI development, emphasizing the need for global cooperation and inclusivity.
HSBC to Issue Digital Bonds to Institutional Investors through Tokenization Platform
Multinational banking giant HSBC has revealed plans to issue digital bonds to corporates and financial institutions through its new proprietary tokenization platform called HSBC Orion.
Investors Interested in Digital Assets Despite Volatile Market
Bitcoin attracted $69 million in inflows, 90% of the week's total, according to CoinShares.
Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model
Meta plans to invest 350,000 H100 GPUs by 2024, enhancing its AI infrastructure, training the Llama 3 model, and restructuring its organization to drive AI-driven innovation.
Bank of England Tests DLT Settlement System
The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions.
HSBC to Initiate Institutional Digital Assets Custody Service in 2024
HSBC plans to launch a digital assets custody service for institutional clients in 2024, partnering with Metaco to expand its digital offerings to include tokenised securities.
Bakkt to Shift Focus to B2B Technology Solutions
Bakkt said it would continue to provide crypto and loyalty experiences via SaaS and API solutions on a secure platform.
Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud
After pleading guilty to two charges of conspiracy to conduct wire fraud, former Coinbase product manager Ishan Wahi will spend at least three years.
Qraft Technologies and Hex Trust Forge AI-Driven Partnership to Revolutionize Digital Asset Investment Landscape
Qraft Technologies partners with Hex Trust, leveraging AI to enhance digital asset investments. The alliance aims to bridge traditional and digital asset management, optimizing cryptocurrency portfolios.
Baidu's Stock Tumbles Amid Military Testing Rumors of AI Chatbot Ernie
Reports of Baidu’s AI chatbot Ernie Bot undergoing military testing led to an 11.5% drop in its stock, reflecting investor concerns over potential U.S. sanctions and the intricate challenges facing Chinese AI companies in the global tech landscape.
Bitcoin SV (BSV) Surpasses $100
Bitcoin SV (BSV) has surpassed $100 due to strong technical indicators and market activity, especially in South Korea, influenced by market sentiment, technical analysis, and trading volume dynamics.
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.
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.
Combining Blockchain with IoT and AI can Trigger More Accurate Weather Forecast, HashCash CEO Says
For accurate futuristic decision-making in weather forecasting, blockchain ledgers should be integrated with artificial intelligence (AI) and the internet of things (IoT), according to HashCash Consultants CEO Raj Chowdhury.
Venezuela’s Central Bank Considers the Potential of Bitcoin and Ethereum
In the face of global isolation from international financial systems and imposed US sanctions on state-run PSDV (Petroleos de Venezuela S.A.) , Venezuelan’s Central Bank is looking to explore Bitcoin and Ethereum payment systems.
NFTs Get Security Boost with New Warranty Service
Wert and Avata have launched a new nonfungible token (NFT) warranty service, providing coverage for up to 90% of the value of compromised digital assets in a smart contract hack. The service will be available on 80 digital asset marketplaces and will be charged at 6% of the asset cost at checkout. The offering aims to encourage mass adoption of NFTs by reducing risk for both active and prospective collectors.
FreeInit: A Groundbreaking Approach to Enhance Video Generation by Nanyang Technological University
FreeInit, developed by Nanyang Technological University, enhances video diffusion models by iteratively refining noise initialization, significantly improving temporal consistency in video generation.
Singapore’s Central Bank and JP Morgan Build a Blockchain System for Multi-currency Cross-Border Payments
Blockchain has been making headlines for quite some time now and banks have been widely talking about distributed ledger technology. Several financial institutions and banks have set up innovation labs to carry out proof of concepts so that to explore modern-day technology. A few days ago, Singapore’s Central Banks and JPMorgan announced that they are working on a blockchain pilot system, which is identified to have the potential to initiate multi-currency cross-border payments.
MetaMask Snaps Elevate Security and Interoperability in the Web3 Space
MetaMask introduces security-focused Snaps, including collaborations with Tenderly and Sayfer, and extends functionality through integration with Hedera, marking a significant enhancement in wallet security and user experience.
Former Sequoia Partner Michelle Fradin, Involved in FTX Investment, Joins OpenAI
Michelle Fradin, former Sequoia Capital executive, joins OpenAI to lead data efforts, specializing in venture capital and AI, focusing on FTX investment and large language model integration.
Ethereum Network Planned Hard Fork Delayed Due to Late Acceptance of EIPS
The blockchain infrastructure company running the core of the Ethereum network has delayed the planned hard fork launch until September 6th.
Nigerian Crypto Community Affected by Paxful Shutdown
The closure of Paxful, a peer-to-peer cryptocurrency marketplace, has left the Nigerian crypto community searching for alternatives. Nigeria, ranked eighth in crypto adoption, was significantly impacted by Paxful's pioneering use of peer-to-peer technology. Members of the community expressed concern over the future of crypto marketplaces and the fate of their funds.
The Development of Blockchain Chips
The new "fully homomorphic encryption" chip will let users operate on data without decrypting it.
Indonesia Rakes in Approximately $6.8m Monthly from Fintech & Crypto Transaction Taxes
Since the rollout of fintech and crypto transaction taxes in May, Indonesia has amassed nearly $6.8 million, according to the nation’s tax official.
ChatGPT Poised to Challenge Google Assistant on Android Devices
OpenAI's ChatGPT may soon challenge Google Assistant's role as the default voice assistant on Android, signaling a significant shift in the digital assistant sector and underscoring AI's growing impact in technology.
Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap
The Hong Kong Monetary Authority (HKMA) has released a Fintech Promotion Roadmap, aiming to promote fintech adoption in the financial services industry. The roadmap includes key fintech sectors like Wealthtech, Insurtech, and Greentech, and introduces AI and DLT. It aligns with HKMA's "Fintech 2025" strategy.
Council of Europe Adopts Groundbreaking AI Guidelines for Journalism
The Council of Europe has adopted new guidelines for responsible AI use in journalism, emphasizing human rights and rule of law in the news media sector.
Biden urges technology firms to prioritize safety in AI development
US President Joe Biden has called for technology companies to prioritize safety when developing and releasing artificial intelligence (AI) products. He acknowledged the potential benefits of AI in addressing global issues, but emphasized the need to address risks to society, national security, and the economy. Biden also urged Congress to approve non-partisan privacy laws that prioritize health and safety in product development.
Nomura's Laser Digital Launches Ethereum Adoption Fund for Institutional Investors
Nomura's Laser Digital has launched an Ethereum Adoption Fund, focusing on institutional investors, with a strategy involving staking and regulated custody, aiming to increase institutional engagement in Ethereum investments.
US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost
US grants $162M to Microchip Technology, bolstering domestic semiconductor production under the CHIPS & Science Act.
Asia Crucial to Web3 Gaming Industry
A report by DappRadar highlighted the importance of Asia in the Web3 gaming industry, due to the region's majority share of gamers and gaming revenue, as well as its high interest in blockchain technology. While China prohibits gaming companies from integrating blockchain technology, Japan and South Korea are leading the way in adopting blockchain technology in gaming.
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.
nChain CEO Departs Accusing Dr. Craig Wright of Fraud
Christen Ager-Hanssen resigns as nChain's Group CEO, alleging serious internal issues and a conspiracy to defraud shareholders. He accuses Dr. Craig Wright of deceiving courts about being Satoshi Nakamoto, leading to a significant reaction from the cryptocurrency community. Discussions also touch on Ager-Hanssen’s past involvement with Algorand and the implications of his revelations on the Bitcoin SV community.
Microsoft's AI Revolution: CEO Satya Nadella Unveils Bold Tech-infused Vision
Microsoft CEO, Satya Nadella, unveiled a new AI-driven vision in his annual letter, emphasizing the integration of AI across all products and tech stacks. Highlighting collaborations like that with OpenAI and innovations like AI Copilot, Nadella showcased Microsoft's preparedness to lead in this new AI era. The discourse also touched on the broader global impact and the firm's commitment to responsible AI and cybersecurity.
Former IcomTech CEO Marco Ochoa Sentenced for Wire Fraud Involving Crypto Ponzi Scheme
Marco Ochoa, ex-CEO of IcomTech, has been sentenced to five years in prison for wire fraud in a crypto Ponzi scheme, with a $914,000 forfeiture and two years of supervised release.
Features and Bonuses on Safe and Reliable Online Casinos Utilizing Blockchain Technology
Blockchain technology is revolutionizing online casinos by providing decentralized, transparent, and secure solutions, enhancing fairness, security, and reliability. Key benefits include cryptographic techniques, transparency, reduced manipulation risks, lower transaction fees, global access, and features like smart contracts and anonymity. Blockchain casinos offer bonuses and loyalty programs.
CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme
Marco Ruiz Ochoa, former CEO of IcomTech, pleaded guilty to conspiracy to commit wire fraud for his role in a large-scale cryptocurrency Ponzi scheme. The company falsely promised high returns on cryptocurrency investments and used promotional tactics to lure victims. Ochoa now faces up to 20 years in prison.
Fintech Uala Rolls Out Crypto Trading in Argentina
The new service will let users buy and sell Bitcoin and Ether in Argentina.
Nomura's Laser Digital Partners with WebN Group to Launch Libre Protocol on Polygon
Nomura's Laser Digital and WebN Group have unveiled the Libre protocol, a fund tokenization infrastructure powered by Polygon technology, set to launch in Q1 2024. The protocol aims to revolutionize the management and distribution of alternative investments, with Brevan Howard and Hamilton Lane as initial users.
ChatGPT Secures Top Spot as the Most-Viewed English Wikipedia Article of 2023
In 2023, ChatGPT's Wikipedia page achieved the highest English article view with over 49 million views, marking a significant increase in public interest in AI technology.
CharacterX Raises $2.8M for AI-DrivenAI Social Networking, Led by Lightspeed
CharacterX, a Stanford-initiated decentralized AI social network, secures $2.8M funding, blending AGI and blockchain to innovate social interactions, with significant user growth and technological advancements.
Chiliz (CHZ) and K League Forge Partnership for Enhanced Fan Engagement and Global Expansion
K League partners with Chiliz to enhance fan engagement and global outreach through blockchain technology, integrating 'K League Fantasy' into the Chiliz Chain.
Alchemy Pay Scores License to Expand in Indonesia
Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittance and fund transfers in cooperation with local fintech firm Berkah Digital Pembayaran. The license allows the firms to offer better payout methods and reduce associated operating costs.
Singapore AGC Launches Tech and Crypto Crime Task Forces
Singapore's Attorney-General's Chambers has established two specialized task forces to combat technology-enabled and technology-facilitated crimes. These units, formed this year, consist of around 20 prosecutors trained in handling digital evidence and understanding the nuances of tech-related criminal activities.
JPMorgan Chase Upgrades Dell Technologies Rating, Eyes AI-Driven Growth
JPMorgan Chase & Co. upgrades Dell Technologies to Overweight, setting a new target price of $90, buoyed by its favorable position in the AI-driven compute investment cycle. Dell's strong market performance and anticipated benefit from the growing AI and ML focus in IT sectors signal promising growth prospects.
Cardano Nodes Go Offline for Half an Hour
Stake pool operators reported 50% of Cardano nodes disconnecting and restarting due to anomaly. Cardano's fintech business is investigating the anomaly's cause.
TRON Toasts Tether Takeover in Bumper Year for Blockchain Network
2020 will go down as a good year for crypto and a very good year for TRON. While the entire industry came on in leaps and bounds, the progress made within the ever-expanding TRON ecosystem was particularly impressive, giving even its skeptics pause for thought.
Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive
The Hong Kong government warns against AI-generated scams, including a deepfake video of Chief Executive John Lee, urging public vigilance and caution.
Nigerian President-elect's Manifesto Includes Blockchain and Crypto Regulations
Nigerian President-elect Bola Tinubu has released a manifesto proposing the implementation of blockchain technology and cryptocurrencies in Nigeria's banking and finance sector. The manifesto suggests reforming existing Nigerian Security Exchange Commission regulations to create a more business-friendly framework for regulating digital assets. The proposed regulations would require digital asset companies to register with the SEC and comply with SEC regulations. The release of the manifesto coincides with the increasing adoption of cryptocurrencies in Nigeria, with the government hoping that the proposed SEC regulation reforms will attract more investors in the digital and economic sectors and stimulate economic growth.
Japan's Tech Companies Collaborate to Build Open Metaverse Infrastructure
Several tech companies in Japan have signed an agreement to create the Japan Metaverse Economic Zone and an open metaverse infrastructure called Ryugukoku. The infrastructure will serve as a new social infrastructure for enterprise digital transformation and enable interoperability across different platforms.
Sui Donates $1M to London Business School for Web3 Research
Sui, a leading blockchain platform, has donated $1 million to London Business School for Web3 research and education, aiming to prepare future technology and business leaders.
FCA Unveils Guidance on Cryptoasset Promotions Compliance
The UK's Financial Conduct Authority has issued a finalised non-handbook guidance on Cryptoasset Financial Promotions, aiming to clarify compliance with new laws and balance consumer protection with innovation for long-term economic growth.
SlowMist Report: 10 Crypto Incidents Unveiled
The SlowMist Weekly Security Report (Oct 1 - Oct 7, 2023) underscores ten security incidents in the crypto realm, with Stars Arena suffering the heaviest loss of $3 million. From DNS hijacking to Discord hacks, the report highlights the financial repercussions and urges the community to adopt stringent security measures.
Revolut Introduces Crypto Staking to UK and EEA
This week, Revolut's "soft testing" staking function will launch.
Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer
A scammer has reportedly stolen approximately $385,000 (234 ETH) within 24 hours by SIM-swapping four Friend.tech users. The incident follows a series of SIM-swap and phishing attacks on the platform, putting its security measures under scrutiny. Blockchain analyst ZachXBT revealed the scam on October 5, 2023, adding to concerns about the vulnerability of Friend.tech's user accounts.
Global Governments Request More Personal Data from Big Tech
A new study by Surfshark shows that global government requests for personal user data from Big Tech companies such as Meta, Apple, Google, and Microsoft have been on the rise since 2013. The study reveals that Meta had the most accounts of interest from authorities, while Apple had the fewest. Most requests came from authorities in the United States and Europe and were related to criminal investigations and civil or administrative cases.
US Media Giants Block AI Crawlers to Protect Copyrights
A Wired report reveals that 88% of top US news outlets are blocking AI crawlers like OpenAI's GPTBot, to protect against copyright infringement and uncompensated content use.
Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction
Rabbit Inc's r1, an AI-powered mobile device featuring the innovative Large Action Model OS, was showcased at CES 2024, offering a novel approach to mobile interaction and user convenience.
Lenny Bogdonoff Leaves OpenAI, Reflecting High Workload with 6-Day Weeks
Lenny Bogdonoff, a key contributor to OpenAI's ChatGPT and other AI initiatives, has ended his tenure with an intense six-day workload, a role he has played in the company's culture and technological advancements.
Scammers Hack Monero's Official Website and Infected It With Malware
According to Monero's official website, there has been an attempt by unscrupulous people to compromise it's the system, by infecting its wallet with malware that's capable of stealing user's cryptocurrencies when downloaded and installed
ANZ Bank Pushes Customers Towards Digital, Faces Criticism
ANZ Bank is facing criticism as it discontinues withdrawals and deposits from a number of Australian branches to encourage customers to use digital transactions. Critics suggest this could impact older customers and increase vulnerability to technical issues. This decision highlights the gradual shift towards a cashless society in Australia, with cash payments falling from 59% in 2007 to 27% in 2019.
Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency
Owing to this, a statement released by the People's Bank of China on October 13, warned the general public to beware of such fake platforms and organizations as they are not related to the Bank of China.
Australia Evaluates Mandatory AI Rules in High-Risk Areas
Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.
Elon Musk Warns of AI’s Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
Ethereum to Launch Zhejiang Public Withdrawal Testnet
Staked Ethereum is frozen until the Shanghai update.
Emma Watson's AI-Rendered Male Alter Ego: A Glimpse into the Future of Celebrity Transformation
AI technology reimagines Emma Watson and other celebrities in opposite genders, showcasing the blend of creativity and technology in transforming perceptions of identity and celebrity.
Arbitrum Foundation and Fracton Ventures Ally to Boost Arbitrum Adoption in Japan
The Arbitrum Foundation has formed a strategic partnership with Fracton Ventures to launch Arbitrum Japan, aiming to accelerate blockchain technology adoption and expand the Arbitrum ecosystem in the country. This alliance is poised to generate new business avenues, especially in finance and entertainment sectors, and bolster community engagement through educational initiatives.
Blockchain and Human Consciousness
The reState Foundation held a virtual talk between Vitalik Buterin, co-founder of Ethereum, and Sadhguru, founder of the Isha Foundation, discussing how emerging technologies like blockchain will impact human consciousness.
Nodle's Smartphone-Powered Blockchain Network
Nodle turns cellphones into nodes using Bluetooth to increase IoT adoption.
Kazakhstan Blocks Coinbase, Citing Digital Asset Law
Kazakhstan's Ministry of Culture and Information has blocked Coinbase due to legal conflicts with digital asset regulations, revisiting previous restrictions on other financial platforms.
Algorand (ALGO) Ventures Invests in Gora Network
Algorand Ventures' investment in Gora Network marks a significant step in advancing blockchain oracle technology. Gora Network, emerging from an Algorand hackathon, aims to enhance blockchain applications with secure, real-world data, expanding its business, infrastructure, product suite, and developer ecosystem.
Nasdaq Embraces AI to Spearhead Financial Crime Prevention
Nasdaq is investing heavily in AI technology to combat financial crime, strengthening its position as a technology-driven financial services company and addressing sophisticated financial crimes.
Bitcoin Price Breaks $10,000 Flirting with High Resistance of Supply – Understanding the Stock to Flow Model
Bitcoin has taken off this week, moving to $10,000 and firing up the market in euphoria. With only one week from halving, The Bitcoin price has now deleted all its coronavirus crash losses, up practically 40% since January 1st—and putting it on target to be one of the year's best performing resources.
Tezos Price Scoop: XTZ/BTC Bounces from Support as Indicators Show Exhausting Selling Pressure
On Tuesday, during opening trading hours, Tezos's price opened at 1898 satoshis, trading later at a gain of +3.96% at 1970 satoshis. Around 279 million worth of Tezos tokens exchanged hands of the volume during the trading session. Tezos is trading between a daily range of 1891 satoshis to 1985 satoshis.
Bakkt Announces the Promotion of the Company’s Former Chief Product Officer to CEO
Having previously worked in Google and PayPal, Mike Blandina is to leave his position as Chief product officer of Bakkt, for his new role as CEO. The chairman of ICE has expressed strong confidence in his ability to steer the company to excellence.
HK FinTech Week: What’s Next for Blockchain in Finance?
HK FinTech Week: What’s Next for Blockchain in Finance?
How to Leverage FinTech Opportunities in Africa
Insights from Paxful on FinTech opportunities in Africa!
Exclusive: What are Top 5 FinTech Career Advice for Graduates?
Prof. Aris Stouraitis presents how Master of Science in Finance (FinTech and Financial Analytics) offered by Hong Kong Baptist University strives to nurture interdisciplinary talents and he offers the top 5 career advice for graduates who wish to work in FinTech and blockchain industry!
BNB Chain: Driving the Next Billion User Revolution in Web3, NFTs, and the Metaverse – An Exclusive Interview
Discover BNB Chain's strategy for onboarding 1 billion Web3 users, bridging the decentralized tech gap, managing transaction costs, and future platform developments in our exclusive interview.
Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality
Blockchain.News sat down with Peter Mok, Head of Incubation and Acceleration Programmes, HKSTP to gain further insight into the incubation initiative and the custom-made programs, that have been designed to support technology startups, and specifically how they could be utilized by blockchain startups.
Singapore FinTech Association Enabling the Shift Towards Innovation & Entrepreneurship in Southeast Asia
The Singapore FinTech Association (SFA) was founded in November 2016 by the founding president, Chia Hock Lai. The association is a cross-industry nonprofit initiative, aiming to facilitate collaboration in the ecosystem between market participants and stakeholders in the FinTech industry. Blockchain.News interviewed Chia Hock Lai to find out more about the leading association in Singapore.
Hong Kong with its Incredibly Unique Positioning in FinTech
In the second part of our interview with Peter Mok, Head of Incubation and Acceleration Programs at the Hong Kong Science and Technology Park (HKSTP), he went into detail on the initiatives they have developed to combat the global talent shortage, bring Hong Kong’s lagging Fintech industry up to speed and he tells us how blockchain startups can leverage the Hong Kong-Shenzhen Innovation and Technology Park.
Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward
Tribe Accelerator is Singapore’s first government-backed blockchain accelerator, on a mission to bridge the gap between blockchain startups and the traditional world. Yi Ming Ng, the Managing Director at Tribe Accelerator, believes that blockchain is beneficial to a lot of businesses from different industries. However, there has been a lot of fear and speculation around cryptocurrencies in the traditional corporate world.
Exclusive: Lack of Interdisciplinarity - Culprit for FinTech Talent Shortage
Professor Aris Stouraitis, Department Head of Finance & Decision Sciences at Hong Kong Baptist University shares with us the culprit of FinTech talent shortage! He also highlights how financial institutions, governments, and academic institutions can address this problem.
5G, FoodTech, Biotech? Unveiling Top Surprising Portfolios by eToro
Following Part 1 of our conversation, Lee shares with us some interesting thematic portfolios in eToro’s “Copy Portfolio” feature. He also revealed the significance of the acquisition of Delta and Firmo in the development of eTorox and tokenized market.
Luxembourg: The FinTech Hub For Cross Border Asset Management
Luxembourg for Finance (LFF) is a public-private partnership that acts as the agency for the development of the financial center of the small nation.
IBM Blockchain in Action: What are the Benefits?
In first and second parts of our interview with Alan Lim, the Program Director of IBM Blockchain Lab in the Asia Pacific, we explored the idea of data standards to improve the supply chain industry, as well as the IBM Food Trust, a food provenance network that allows food products to be traced and tracked. Digging deeper into IBM Blockchain, what else has the company been working on?
Digitization vs. Digitalization: FinFabrik CEO Explains Digitalization of Asset Investment in Private Markets
FinFabrik, a leading capital markets FinTech startup based in Hong Kong has recently launched a new Private Equity module on its proprietary DLT infrastructure that helps private markets institutions digitalize their operations. The platform named “CrossPool” rides on Corda Enterprise for transaction and contract management and Hyperledger Indy for identity management. With extensive experience in the financial industry and entrepreneurship, Alex Medana, the CEO of FinFabrik, talks about the core values of FinFabrik in the maturing DLT and FinTech industry and the firm’s digital assets issuance and investment platform CrossPool.
Cyberport: Integrating New Technology and Blueprint for a Smarter Hong Kong
Other than the incubation programme provided, Cyberport also has a programme dedicated to encouraging education in the FinTech and blockchain sector. The Cyberport University Partnership Programme (CUPP) is a program created for university students.
Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance
Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the BAME Network Group at the FCA, El Dimachki also provided some advice for women in FinTech!
Benjamin Quinlan: New Chairman of FinTech Association of Hong Kong Shares Vision for FTAHK 2.0 and the Future of Asia's FinTech Ecosystem
The FinTech Association of Hong Kong has elected Benjamin Quinlan as Chairman to lead it through the next chapter of its mission to foster the FinTech ecosystem in Hong Kong and Asia.
Financial Conduct Authority, the Pacemaker of the UK FinTech Revolution
We arranged an interview with Maha El Dimachki, Head of Payments of the FCA during Singapore FinTech Festival, which El Dimachki shares with us the contribution of the FCA for UK as the thriving FinTech hub, opportunities and threats of e-money firms from the current digital disruption.
eToro—The Globally Utilized and Bespokely Localized Trading Platform
Founded in 2007, eToro has been a leader in the global Fintech revolution, empowering people to invest by giving them access to global markets. From cryptos to stocks and commodities, eToro has made trading easy and social, creating a strong community of over 12 million traders worldwide.
Beyond Banking: DBS Bank’s Digital Transformation into Smarter ‘Phygital’ Banking Services
In 2019, despite facing an increasingly challenging and uncertain environment, especially the second half of last year, DBS achieved a record performance and successfully launched DBS’ First Fully Virtual Wealth Management Account Opening Solution.
Women in Payments CEO: Less than 5% of VCs Invest in Women-Led FinTech Companies
With a background in engineering, Kristy Duncan, the CEO of Women in Payments started her career in banking and then into the payments industry. Duncan has then been fascinated with the payments market, and is a “payments geek at heart.” She started Women in Payments in 2012, Looking to add value in a different way, to connect, inspire, and champion women who are working in the payments industry globally.
Frankfurt Main Finance: Establishing Trust Between Continental Networks
Frankfurt Main Finance is one of the founding members of the World Alliance of International Financial Centres (WAIFC). The mission of the Alliance is to establish transparent networks that facilitate cooperation and sharing of best practices for financial centres globally in the face of breakthrough technologies and rapid social change.
Exclusive: How to Ensure Random Numbers in Public Blockchain?
Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS!
Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand
There are numerous blockchain project teams attempting to address the blockchain trilemma, and the Turing Award winning team Algorand is one promising candidate. We have the pleasure to speak with Jing Chen, Chief Scientist of Algorand, on how Algorand attempts to solve blockchain trilemma with its Byzantine agreement. She also explains why Algorand is non-forkable and the restrictions on Algorand’s adversary model!
CEO Jack Dorsey On Why the Future of Twitter Lies in Blockchain
Twitter CEO Jack Dorsey discussed Bitcoin and how blockchain technology can be leveraged to counter security breaches in an increasingly digital world.
MasterCard Asia Files Device Billing System Patent Compatible With Iota’s Tangle Network
MasterCard patents blockchain system to help shared device merchants avoid credit card fees.
Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak
Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is a “collective claims-sharing mechanism built on blockchain that offers basic health plans to its 104 million participants.” Most of its users are Chinese citizens from lower-tier cities, and in rural areas. By utilizing blockchain technology, settlements have been made more efficient, and fraudulent claims have been reduced.
Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform
Fujitsu has revealed its collaboration with Rice Exchange (Ricex), a Switzerland-based startup, for the first-ever blockchain-powered rice trading platform. This move seeks to offer unparalleled traceability, efficiency, transparency, and security to the worldwide rice market worth a whopping $450 billion.
Sale of Asian Exchange Data Could Create Revenue Stream of $4.23 Billion Per Year Says Leading Strategy Consultants
Quinlan & Associates, a leading independent strategy consultancy released a report exploring how Asian exchanges can monetize the large volumes of exchange data.
Proof-of-Stake Founder Sunny King, on his Crypto Journey Inspired by Elon Musk and Steve Jobs
In the recent conversation with CoinMarketCap, Proof-of-Stake Founder Sunny King revealed how his crypto journey is inspired by Steve Jobs and Elon Musk! He also debunked the myth that energy consumption contributes to the intrinsic value of cryptocurrencies.
StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond
The UnionBank of the Philippines and Standard Chartered have created a proof of concept required in the issuance of a blockchain-powered retail bond.
Argentina Adopts Blockchain Technology for Traceability in the Citrus Industry
The citrus supply chain is one of the most fragmented and complex of all supply chains. The production is found all over the world, thus making several intermediaries and producers difficult to identify and trace. The Argentine Citrus Federation (Federcitrus) incorporated blockchain into the agency’s informatics system to provide traceability of fruit export products.
DOJ Wants to Bypass End-to-End Encryption to Fight Child Sexual Exploitation – Cause for Concern for Tech?
US government officials want to bypass encryption on websites, under allegations that child sexual exploitation runs unmonitored on strongly encrypted platforms.
How Blockchain Is Creating 5 Fintech Disruption Opportunities
Fintech blockchain acquisition is not only about testing and watching. It’s also about proactively taking action and applying the technology.
United Nations Development Programme to Conserve and Increase Kazakhstan’s Forestland Using Blockchain
BitFury, a blockchain development firm has been making plans to get into partnership with the United Nations Development Programme (UNDP) in an effort to help the country reduce its greenhouse emissions by more than 15 percent as this would conserve and boost Kazakhstan’s Forestland.
Russia Plans to Build AI Software to Remove the Anonymity of Users in Crypto Transactions
The Russian agency’s plan involves using artificial intelligence (AI) for its software, as the agency sees an “urgent need to create effective opportunities for state control over the circulation of virtual assets.”
CIA Eyes Blockchain Technology with New Research Lab
US Central Intelligence Agency has rolled an in-house R&D arm dubbed CIA Labs to scale up technological and scientific breakthroughs for future intelligence challenges.
What are Smart Contracts and Why are They Important?
Since the lack of transparency puts the security of any transaction in jeopardy, this as now a problem of grave concern, so how do smart contracts solve these problems?
World Economic Forum Recognized Six Blockchain Companies as “Technology Pioneers” in 2020, Including MakerDAO and Chainlink
The World Economic Forum (WEF) has honored six blockchain companies on its list of 100 “early to growth-stage” firms Technology Pioneers for 2020, including MakerDAO and Chainlink.
How Blockchain Can Mitigate the Menace of Identity Theft
According to the Center for Victim Research, 7-10% of the US population are often victims of identity theft annually. Moreover, 21% of them suffer multiple cases of identity fraud. This menace is being experienced across the globe, and blockchain technology can be instrumental in stamping it out.
Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance
FinTech platform and crypto-backed loan service provider YouHodler has selected digital asset wallet provider Ledger Vault to be implemented across its platform, to offer its users an added layer of security and protection.
A Dragonfly Researcher Breaks Mimblewimble’s Privacy, Proving That The Model Is Flawed
The esteemed privacy of Grin has been tampered with by a Dragonfly researcher who was able to unearth the real addresses of senders and receivers of up to 96% of transactions carried out in Grin’s blockchain.
World Wide Fund for Nature in the Philippines to Create Blockchain-Powered Fish Traceability App
The World Wide Fund for Nature (WWF) Philippines has teamed up with UnionBank, a digital wallet, to create a blockchain-powered app dubbed Tracey to offer financial support to local fishers, as well as propel traceability and transparency in the fish supply chain.
Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.
Kompute Seeks to be the “AWS” of Decentralized Cloud Computing
Kompute, a blockchain company based in Estonia, intends to render significant control and anonymity in cloud computing through a decentralized model explicitly created for Web3.
Abacus Life Partners With Blockcerts to Introduce Blockchain-Powered Insurance
Abacus Life Settlements, a buyer of life insurance policies in the US, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets.
JPMorgan Blockchain Spin-Off Kadena Releases Blockchain-Based App that Verifies Coronavirus Tests
Kadena launches a blockchain-based app that compliments COVID-19 testing, in a united effort to prevent data falsification.
China Tightens Regulation on Tech Industry, Sinking Alibaba and Tencent Stocks on Single’s Day
China's regulatory clampdown on the technology industry has resulted in Chinese tech shares' underperforming on the stock market.
Amazon CEO Jeff Bezos is Worth More Than Bitcoin’s Market Cap
It was recently announced that Amazon CEO Jeff Bezos’s wealth has surpassed that of Bitcoin’s market cap, meaning Bezos’ wealth has soared up to $171.6 Billion—the icing on the cake to top off his pre-divorce financial record.
Plantoids: The Advent of New Blockchain-Based Lifeforms
Plantoids. What are they? Where do they come from? This new art project uses blockchain as a new outlet of artistic expression.
Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency
The Thai government has remained visible as one of the leading governments committed to adopting blockchain technology. Many innovations concerning blockchain use cases can be learned from the government.
IBM and Oracle Collaborate on Interoperability Work for Their Blockchains to Communicate With Each Other
IBM and Oracle have announced that they are collaborating to build an interoperability initiative to allow their blockchains to be able to communicate with each other.
Verizon's New Blockchain Verification Tool 'Full Transparency' Combats Fake News
Verizon has unveiled a blockchain-based solution dubbed 'Full Transparency' for the verification of news and media releases.
UAE Health Authorities Launch Blockchain-Based Platform for Verifying Health Data Validity and Reliability
The United Arab Emirates (UAE) Ministry of Health and Prevention (MoHAP), the Ministry of Presidential Affairs, Dubai Healthcare City and other authorities have come together to launch a blockchain-based system for health data storage.
Google Cloud Introduces Blockchain Node Engine for Web3 Development
Google Cloud's latest launch, Blockchain Node Engine, aims to help Web3 developers build and deploy new products on blockchain-based platforms.
Alibaba Integrates New Blockchain System With its E-Commerce Platform to Enhance Traceability
Alibaba has recently announced its integration of a full-link traceability blockchain system into its import e-commerce platform, Kaola. The Chinese e-commerce giant has previously acquired NetEase’s Kaola cross-border e-commerce platform in September 2019 for $2 billion.
How Blockchain Technology Can be Used to Leverage Booming TikTok and Influencer Trends
Blockchain technology has been a growing hot topic, with companies integrating it more and more into their ecosystem for better security, decentralization, and lower costs, among other things.
Brazil Records the First Blockchain-Based Birth Certificate
The first birth certificates recorded on the blockchain was issued in Brazil to Álvaro de Medeiros Mendonça.
Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution
Multinational tech giant, Samsung Electronics has unveiled its plans to protect its connected devices using a Samsung Knox Matrix solution
South Korea to Introduce Blockchain-Powered COVID-19 “Vaccine Passports”
In order to revive cross-border travel and keep infection risks under control, the South Korean government seeks to issue blockchain-backed COVID-19 “vaccine passports” to immunized citizens.
US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China
The US Congress is considering using blockchain technology to enable the Senate to conduct remote voting during the ongoing COVID-19 pandemic. The report highlighted that the crisis emphasized the need to consider certain functions to proceed remotely when it may not be safe for members to gather in person. The report explored a combination of different technologies to be used, including blockchain and encrypted E2EE.
DAppstore Creator Decenternet’s Spyce Token to be Listed on BW Exchange November 22nd
Decenternet has created a marketplace for decentralized applications (dApp store) and a decentralized web browser. The token accompanying this new online ecosystem will be called Spyce. The BW Exchange plans on listing the Spyce token on November 22nd, 2019.
Mercedes Partners with Blockchain Company to Track Carbon Emission in Cobalt Supply Chain
A collaboration between the major car manufacturers, Mercedes Benz and Circular, a Blockchain Startup to carry out a combined program which would be for the purpose of tracing the emissions of carbon in the cobalt supply chain.
India’s Election Commission Proposed Using Blockchain for Remote E-Voting
India’s Election Commission proposed using blockchain technology as a solution for bringing transparency for remote voting in a discussion on addressing geographical voting issues.
Dynasty Farms to Use Blockchain for Fresh Produce Traceability Project
Dynasty Farms/ Pacific International Marketing is set to use iTrade Blockchain to propel transparency and traceability of fresh produce. iTrade Network is a noteworthy worldwide provider of supply chain management solutions in the food and beverage sector.
Canadian Blockchain Project to Assist Mongolian Nomadic Farmers Fight Income Instability
Convergence.tech, a Toronto-based digital transformation company, has finished a blockchain-powered project aimed at assisting Mongolian nomadic farmers maximize returns on their cashmere product.
LabCFTC to Announce the Winner of Project Streetlamp at Fintech-Focused Virtual Events Series Later This Year
The Commodities Futures Trading Commission (CFTC) announced that its FinTech research wing, LabCFTC will be hosting a series of interactive virtual events during autumn 2020.
How Blockchain Technology is Improving the Agricultural Sector
This implementation of the blockchain technology has led to the adoption of tactics like smart farming, which connotes the use of modern technology like Blockchain in farming practices.
Constellation Network to Provide Blockchain Security for US Air Force's Data Sharing Needs
The US Air Force is set to secure its multi-partner data sharing using Constellation Network's data infrastructure.
Brexit Border Issues Solved by Blockchain? The EU Has Doubts
ELAND, a consortium of border security professionals, IoT experts, and haulage industry professionals, have come together with a plan to use blockchain technology to track cross-border trade after the United Kingdom leaves the European Union.
Utrust Joins Hand With Alternative Airlines To Ensure Secure Crypto Payments For Users
Utrust, a blockchain-powered payment technology that enables online businesses to accept cryptos.
Blockchain and IoT: Transforming Hong Kong into a Smart City
Blockchain and IoT: Transforming Hong Kong into a Smart City
Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate
Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York.
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.
Blockchain Solution in Healthcare: Google Secretly Collects Health Data From U.S Patients
Blockchain provides a fourth model that can enable secure sharing of lifetime health data across providers and business partners. The use of blockchain is a potential solution to the case associating Google to have reportedly collected medical data from U.S patients in secret.
Ethereum-Based Wallet MetaMask Adds Token Swaps to Its Features
MetaMask recently announced a new add-on to its browser which can facilitate decentralized finance (DeFi) transactions for Ethereum-based tokens.
Oracle Confirms Partnership with TikTok, President Trump Still Needs to Approve Deal
Oracle, the tech company that was said to have acquired TikTok’s US operations, has finally commented on the partnership and confirmed it.
RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure
RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.
Banking on Blockchain: FinTech and Digitalization Will Play a Significant Role for the Chinese Banking Industry
China’s banking industry for small to medium-sized enterprises (SMEs) will rely on digitization and financial technology to build a “new infrastructure” for the entire industry. Highly endorsed by the country’s president, Xi Jinping, blockchain technology has seen a surge in popularity in the past year.
Italian Town Spearheads Blockchain-Propelled Waste Management
Miglianico, an Italian town in the Abruzzo region, is famous for its wine production based on its expansive vineyards. The city is planning to establish a new blockchain breakthrough by being the first town in the country to incorporate distributed digital ledger technology for its waste management solutions.
Foodpanda Goes Blockchain for Digital-Out-of-Home Advertising Enabled by the Zilliqa Blockchain
The aim of the new blockchain-enabled pilot has been identified as being present across offline moments when consumers make their decisions on food delivery.
Blockchain May Jeopardize London’s Financial and Tax Collection Systems, Proclaims John Straw
John Straw, a senior advisor to IBM and McKinsey, has warned that blockchain could render the financial service sector in London irrelevant. He also noted that the city’s banks could be destroyed, making the collection of corporate and personal taxes cumbersome.
Coinbase CEO Armstrong and Tech Giant Apple Butt Heads over Crypto and dApps
Coinbase CEO Brian Armstrong has voiced his disappointment over Apple’s lack of flexibility on decentralized applications (dApps) operating on its App store.
Signal Messaging App Now Accepts Bitcoin and Ether Donations
Signal messaging app, which offers end-to-end encryption, has begun to accept cryptocurrency donations that will be used to support the platform.
European Commission Blockchain Report: The 3 Key Takeaways
Since the inception of Bitcoin, much hype and public attention have followed the development of cryptocurrencies their value being dismissed by many while others have become hoarders of crypto. Away from the uncertainty of cryptocurrency future value, one aspect of the technology is now squarely in the limelight—the blockchain platform or distributed ledger technology that make the currencies possible.
World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread
With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.
Estee Lauder Uses Blockchain Technology to Further Beauty Solutions
Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.
Researchers of Japan’s Blockchain-Based Digital Court Face Backlash Due to its Decentralized and Unregulated Nature
Researchers in Japan have been looking into a blockchain-based mechanism to settle legal disputes in a “digital court,” aiming to perform legal actions with a more cost-efficient legal process.
The French Army Validates its Judicial Expenses via Tezos Blockchain
The French Army has revealed that it has been using the Tezos Blockchain to authenticate its judicial expenses through a smart contract. This development makes Tezos the first blockchain to be used for operative intentions by a public entity.
China Looking into the Application of Blockchain and AI for Cross-Border Financing
China is researching the application of blockchain technology and artificial intelligence in cross-border financing, focusing on risk management.
UK Tech Companies Partner to Develop Blockchain-Based Parcel Tracking Application
Triad, a notable UK provider of IT consultancy services and technology solutions, has partnered with Stratis, a London-based enterprise blockchain technology company, for blockchain-enabled solutions to organizations including a parcel tracking application.
Could Blockchain be a Solution for Mail-In Voting Issues and Election Ballot Counting Fraud?
Amid the misinformation circulating in response to the US presidential elections, blockchain technology has been brought up as a solution to prevent voter fraud.
Ethereum Stands at the Forefront of Web 3.0 Development, Attracting Over 700 Developers to Join Monthly
As the leading decentralized finance (DeFi) ecosystem, Ethereum (ETH) constantly draws between 20% to 25% of developers eyeing Web 3.0.
General Motors Files Patent for Blockchain-Based Autonomous Vehicle Navigation Map
Major car manufacturer American multinational corporation General Motors filed a patent on October 1, 2018, which uses the application of blockchain technology and integrates vehicle sensors to build a much-improved navigation map for autonomous vehicles.
Chainalysis Releases Crypto Market Intelligence Site Catered to Asset Managers and Regulators
Blockchain analysis firm Chainalysis released Market Intel, a new website catered to asset managers and regulators for access to live crypto data and insights. Chainalysis’ Market Intel will leverage the firm’s proprietary data, which has been collecting and linking to real-world entities since 2014.
Is Blockchain the Missing Piece Needed in Curbing Illegal Fishing?
Illegal fishing is a predicament that is at times in oblivion despite it endangering marine ecosystems as it distorts their sustainability and biodiversity. Blockchain offers a distributed ledger technology (DLT) that can be helpful in fish tracking from the time it was captured to the moment it is consumed, and this approach can be instrumental in eradicating illegal fishing.
How Can Blockchain Be Used to Save $31 Billion in Costs in the Food Industry?
Blockchain, along with the internet of things (IoT) trackers and sensors, could reduce costs for retailers. New data from Juniper research showed that blockchain will be essential to $31 billion in “food fraud savings” by 2024 by tracking food across the supply chain.
Australia and Singapore Authorities Completes Trial for Blockchain-based Cross-Border Document Verification
Australian and Singaporean authorities have conducted a blockchain trial for cross-border digital trade document verification.
Blockchain Against Corona: How the World Health Organization Uses DLT Compared to the Rest of the Globe
With disruptive technology including blockchain being continuously deployed to tackle the coronavirus COVID-19 pandemic, the World Health Organization (WHO) has chosen to partner with leading technology and blockchain companies to build a distributed ledger technology-based platform to share data.
IBM Blockchain Technology Used for Salmon Traceability By Cermaq and Labeyrie
Conscious consumerism is a term continuously making waves because people are becoming more keen on what they consume. For instance, they are concerned about the origin, safety, and nutritional value of what they drink and eat.
Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain
Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).
Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain
Thailand’s Trade Policy and Strategy Office (TPSO) has revealed its intentions of using blockchain technology to trace agricultural products from farms to export as this will optimize buyers’ confidence.
3 Ways Blockchain is Transforming Cybersecurity
Blockchain technology ensures that data is stored in immutable distributed ledgers and it can be instrumental in enhancing cybersecurity by averting DDoS attacks, authenticating downloads, and offering consensus mechanisms.
Power Ledger Partners with Power Club To Roll Out Blockchain Plants in South Australia
Powerledger enters into a partnership with Powerclub, an Australian electricity wholesaler for better energy usage, allowing the integration of power club's blockchain ledger application.
Why is Blockchain Technology Revolutionizing the Banking and Finance Market?
As technology continues to evolve year after year, it becomes glaring that it is gradually sweeping every productive sector in the world, more importantly, finance and banking. This is so because the sector is about the most sensitive in every economy. It’s got to be, right? Money is important and needed by everyone – one way or another.
China Has Kickstarted the Experimentation of a Blockchain Pilot in its Equity Trading Industry
The China Securities Regulatory Commission (CSRC) has kickstarted the experimentation of a blockchain pilot for the equity trading industry in the country. Announced by the Beijing Local Financial Supervision and Administration, CSRC will be assisting the Beijing Equity Trading Center for the blockchain pilot.
UK Fintech Firm Mode Launches Bitcoin Banking App Enhancing Mass Consumer Accessibility
London-based fintech company Mode has announced that it has unveiled its Bitcoin banking app to advance user experience.
Samsung Collaborates with Israel’s Credorax On Automated Blockchain Platform For Merchants
Samsung SDS has signed an agreement with Israel’s fintech startup Credorax to build payment solutions to serve European merchants and banks.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
Former Fed Chair Janet Yellen Comments on AI and Technology Advancement at the AFF 2020
At this year’s Asian Financial Forum, held in Hong Kong, former Federal Reserve Chair Janet Yellen was invited to speak at a Luncheon with moderator Norman Chan, the Senior Advisor at the Hong Kong Academy of Finance.
Blockchain-Powered A-Medicare Platform Gains Popularity on Social Media
The A-Medicare platform that is engineered through blockchain, artificial intelligence, and other cutting edge technologies has excited Americans based on its quest to make healthcare available and affordable to all citizens.
The Networked Ledger—The Evolution of Blockchain Software from Bitcoin to Ethereum
A look at origins and how blockhain has evolved and continues to disrupt our systems of industry and finance, from Bitcoin to Ethereum
Sony Reveals New Blockchain-Based Data Sharing System to Revolutionize the Future for Public Transportation Services
Japanese conglomerate Sony has announced a new successfully developed blockchain system, Mobility as a Service (MaaS) to provide people with data regarding optimal travel routes for using different types of transportation.
Here’s A Look at The Top Outlets For Blockchain Developers To Source Grants
Monetary grants are extremely important in any field - be it the arts, media, technology - especially nascent ones where there is a lot of scope for growth and development. For example, blockchain is one such domain which over the course of the last decade or so has seen an incredible output of innovation (ala smart contracts, decentralized finance, etc) from relatively independent developers working with limited resources.
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!
Blockchain Devices Market to Grow by $1.285 Billion by 2024
Recent research by MarketsandMarkets shows a CAGR of 42.5% for blockchain devices market by 2024. The study was filtered through their report, “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography - Global Forecast to 2024.”
Blockchain-Powered App to Seamlessly Assist Patients Request Medical Care and Insurance Cover
Seoul Medical Center is set to launch a blockchain-enabled medical information mobile app dubbed Seoul Care this month. This app will help patients plan medical treatments, look up prescription details, and check test results using their smartphones.
Forum Blockchain Life 2021
Sixth biggest offline event on blockchain,cryptocurrencies and mining - Blockchain Life 2021 - takes place on April 21-22 in Moscow
HKD.com Announces M+A with Technicorum Holdings, Creating $100m Valuation in Singapore
Hong Kong Digital Asset Exchange Limited (HKD.com), a leading digital asset exchange in Hong Kong, today announced that the company has entered a joint strategic partnership and merger and acquisition with Technicorum Holdings (www.technicorum.com), diving further into the $163 billion annual global blockchain market.
InvestHK Reveals Details of Virtual StartmeupHK Festival 2021
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong.
BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic
While many institutions struggled to recover from the market downturn experienced in March, publicly-traded, blockchain-focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285 percent in Q2 2020, through well-timed investments in both bitcoin (BTC) and ether (ETH), and crossed the $1 million mark for cryptocurrency assets under management (AUM).
Core Scientific Partners with Foundry in Financing Deal up to $23 Million
The financing from Foundry will enable Core Scientific and its clients to continue shifting global mining operations to North America
New Revolutionary Trading Platform Allows You to Trade 48 Forex, Indices, Commodities and Cryptocurrency Markets with Your Bitcoin!
Geco.one brings Bitcoin holders the ability to enter the Forex, Indices and Commodities markets - as well as of course the Cryptocurrency markets, for the first time by simply depositing Bitcoin.
IAMAI to Host World’s Largest Virtual Global Fintech Fest
New Delhi, 01st July 2020: Internet and Mobile Association of India [IAMAI], and its sister organisations, Payments Council of India, [PCI] and Fintech Convergence Council [FCC] are jointly organising the two-day virtual Global FinTech Festival on 22-23 July 2020.
Greater Bay Area Blockchain Week 2021 to Bring Global Attention to Blockchain Innovation
Being one of the world’s fastest growing tech hubs, Greater Bay Area (GBA) attracts audiences passionate about smart technology applications for business, education, and finance to come together for the premier international virtual event.
The Global Blockchain Congress 2019: Blockchain and its impact in sustainability, stable coins, privacy and other disruptive technologies
The Bank of Japan, the World Trade Organization, the Inter-American Development Bank and the World Economic Forum will participate in a global congress where a direct dialogue will be established to outline the future of the industry.
Nobel Laureate to speak at Asian Financial Forum Global business leaders view post-COVID Economy in January
17 December 2020 – In light of the ongoing COVID-19 pandemic, the 14th Asian Financial Forum (AFF) will be held virtually on 18 and 19 January 2021. Under the theme “Reshaping the World Economic Landscape”, the forum will examine the challenges at hand and strategize the road to recovery and beyond with more than 150 influential global financial experts, policymakers, business leaders, economists, investors, and entrepreneurs.
OMG Announces Kaiko to Expand Financial Instruments Global Identifier (FIGI) Standard for Crypto Assets
BOSTON, MA – JANUARY 20, 2021 - Financial Instruments Global Identifier® (FIGI®) is an open standard for the issuance of unique identifiers that can be assigned to financial instruments including common stock, options, derivatives, futures, corporate and government bonds, municipals, currencies, and mortgage products.
Crypto-Integrity-Tao—The Books And Convention That Will Change Everything
or the first time in technological history, with Blockchain humanity is creating an “Organism-Environment” and a few innovators and futurist are aware of this fact. It will begin this year and deliver incredible rewards, releasing the “spirit” of Blockchain Intersections in a 5G world.
SingularityNET Announces the Successful Integration of PayPal Payments in its Decentralized Beta Marketplace
The SingularityNET Foundation, the leader in decentralized AI technology, announces today the successful integration of PayPal payments into their blockchain-based artificial intelligence marketplace.
CEO Of BTCS Explains How The Company Surpassed $1M In Crypto Assets
BTCS Inc. is a publicly-traded cryptocurrency and blockchain company that recently surpassed the $1 million milestone in crypto assets under management (AUM). The landmark achievement comes after crypto prices recovered from the mid-March slump (Black Thursday). Reports indicate that Bitcoin-focused crypto hedge funds are outperforming their more-traditional counterparts. BTCS plans to pursue a measured approach to diversifying its current cryptocurrency holdings. BTCS shares are up more than 215% year-to-date.
Greater Bay Area Blockchain Week 2021 to Showcase International Technological Bridges
A nearly week-long premiere virtual event will feature industry leaders discussing the most exciting use cases of blockchain application in fintech, healthtech, investment banking, supply chain etc., as well as strengthen links between China’s own Greater Bay Area and other countries.
Hong Kong FinTech Week 2023 "Fintech Redefined"
Hong Kong FinTech Week 2023, scheduled from October 30 to November 5, themed "Fintech Redefined," aims to shape fintech's future. Organized by Financial Services and the Treasury Bureau and InvestHK, it's expected to attract over 30,000 attendees and 5 million online views from 90+ economies. The event will feature 300+ speakers, 540 exhibitors, and various sessions exploring global fintech developments including AI, Web3, and green finance. It'll also showcase metaverse experiences and hold special events like the Global Scaleup Competition and a dedicated day for cross-boundary synergies between Hong Kong and Shenzhen.
Metis Launches The First-Ever Community-Minted NFT
Blockchain company Metis has announced today a launch of the first-ever community-minted non-fungible token (NFT), called “Rebuilding the Tower of Babel.”
Think Tank Releases Report on the Blockchain-Based Genetic Data Network
Think Tank, dGen, releases a new report entitled, “AI, Privacy, and Genomics: The Next Era of Drug Design”. It tackles the issue of privacy and access to genetic data for companies using AI to speed up and improve drug design.
Blockchain Finance Forum: Europe 2021
The Forum will count on 30+ expert speakers from well-known organisations like the European Commission, Swiss National Bank, European Banking Federation, the British Blockchain Association, European Blockchain Partnership, Deutsche Bank, Aviva and many more
Dock Launches Mainnet For The Creation of Verifiable Credentials
In just a few days, Dock will be introducing its mainnet with the aim to solve many of today’s issues with digital credentials. Scheduled for September 30, 2020, the mainnet launch is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform.
Bexplus Launches Up to 30% Interest Wallet, 100% Bonus Activity
With Bitcoin retake $19,000, the crypto market has gone wild. While the recovery of the global economy is stalled, the crypto market has seen large influxes of capital and investors. By the end of November, the total market capitalization of cryptocurrency has surpassed $500 billion.
FINEXPO Brings FinTech Industry Leaders and Enthusiasts Together at FinTech Festival Asia 2023
Bangkok, 3 April 2023 – FINEXPO, the world's leading event organiser, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand.
“LU HK” Mobile App Brings a New Paradigm to Online Wealth Management, With No Entry Barriers and No Limits
Lu International (Hong Kong) Limited has launched its LU HK mobile application, offering 24-hours-a-day, seven-days-a-week integrated wealth management services to Hong Kong customers.
Digihost Plans to Move Mining Rigs from NY to Alabama, Expand Energy to 55 MW in 2023
U.S.-based crypto miner Digihost Technology Inc. plans to move drilling rigs from New York to Alabama, expanding energy capacity to 55 MW in the second quarter of 2023.
Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price
American Nasdaq-listed cryptocurrency mining company CleanSpark has announced the purchase of new 10,000 Antminer S19j Pro units for $28 million.
Marathon Digital Shares Filing Details of its Purchased Miners and Cost
American Bitcoin mining firm Marathon Digital disclosed that it has ordered a total of 78,000 Antminer S19 XP from Bitmain Technologies in a bid to advance its position as a leading miner in the space.
Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests
A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.
PwC: Blockchain Technology Has the Potential to Boost Global GDP Up $1.76 Trillion By 2030
Findings from PwC indicate that by 2030, blockchain technology has the potential to boost global gross domestic product (GDP) by $1.76 trillion.
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.
BaaS Market Expected to Hit $15.8B by 2026, Driven by High Immutability & Secure Decentralization
The global blockchain-as-a-service (BaaS) sector is anticipated to reach $15.8 billion by 2026 from the current $2.31 billion.
Bitcoin, Ethereum and LINK Could Benefit From Trump's TikTok Ban
President Donald Trump has issued an executive order that seeks to ban TikTok from the United States, following the controversy that the Chinese-owned app raises serious security concerns and that it collects personal information on its users.
Exclusive: Blockchain Beats AI and Big Data for the Highest Average Annual Salary in the UK
The report titled “The Disruption of Disruptive Tech” by Capital on Tap highlighted the state of disruptive tech adoption in early 2020. The U.S. had the most businesses in various disruptive technologies, with 71% dominance in cloud consulting and 53% in cybersecurity.
FinTech in Belt and Road - the UK FinTech Bridge
In the second round of our interviews at the Belt and Road Summit 2019 in Hong Kong, Blockchain.News gained further insights from European representatives Germany, as well as soon to be European exiters—the UK to learn more about their countries’ latest developments related to the Belt and Road Initiative.
FinTech in Belt and Road - Transforming French Freight Logistics with Blockchain
The Belt and Road Initiative (BRI) seeks to improve trade connectivity by upgrading transport infrastructure across much of Eurasia. The undertaking spans a massive geographic area covering as many as 63 countries, accounting for sixty percent of the world’s population and thirty percent of global GDP.
The Fourth Belt and Road Summit 2019 – FinTech Cultural Revolution for Inclusive and Green Finance
The fourth Belt and Road Summit jointly organized by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council was held on 11 to 12 September at the Hong Kong Convention and Exhibition Centre. With around 5000 government officials, professionals and entrepreneurs from 69 countries attended the summit, opportunities and innovations were shared and explored.
HSBC Chief Legal Officer Stuart Levey Gets Appointed as Libra’s New CEO, Expert in Dealing with Regulatory Backlash
The Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
Facebook’s Libra Move to Apply for Swiss Regulator FINMA License: A Failed Permissionless Network?
Libra is moving away from its original plan of permissionless digital currency, widely accessible for the public, due to ongoing unprecedented hardship. Libra will be moving towards a coin that would be subject to foreign exchange controls and regulations.
Alibaba Founder Jack Ma Criticizes Current Financial Regulations
Alibaba founder Jack Ma highlights the importance of fintech innovations over regulations.
Privacy-centric Startup Nym Technologies Secures $300m in Funding
Privacy-centric startup Nym Technologies secured $300 million in financing. The new funding would create the Nym Foundation, support research on hybrid networks and privacy-enhancing technologies, and issue grants to developers.
Facebook Launches Fintech Product Group F2 to Run Payments Across All its Apps
Facebook has expanded its fintech horizons and announced the launch of a new product group dedicated to payments purposes.
Crypto Firm Elwood Technologies Raises $70M in Series A Round
American investment banking giant, Goldman Sachs, and Barclays invest in global fintech crypto company Elwood Technologies. The company is valued at up to $500 million after the financing, according to the report from Financial Times.
Skolem Raises $20m in Series A Funding to Enable Institutions Access DeFi
The fundraise shows Skolem’s commitment to developing an easy way for institutions to access DeFi services, enabling firms to easily and reliably access new markets powered by decentralized finance.
SBI Ripple Asia Powers Cambodia’s First Cross-Border Remittance Corridor Using RippleNet
SBI Ripple Asia, a joint venture between SBI Holdings and Ripple, will be facilitating Cambodia’s first international remittance service using blockchain technology.
Ripple Co-Founder says US-China Tech Cold War Will Be Won and Lost on Crypto and Blockchain Battlefield
Ripple Co-Founder, Chris Larsen believes the Cold Tech War between China and the United States is going to be won and lost on the blockchain battlefield.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.
Tiger Global on a Mission to Raise $6B Tech-Related Fund
Tiger Global Management is on a mission to raise a humongous sum of $6 billion for a new investment fund that invests in privately-held tech firms, according to Axios.
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.
Bain Capital Ventures Unveils $560 Million Crypto Fund for Blockchain-Focused Tech Startups
Bain Capital Ventures’ crypto fund is designed to accelerate the growth of the crypto economy by backing firms and projects that serve users’ needs.
Signature Bank Launches New Digital Payments Technology Platform—Signet
In a press release disclosed with Blockchain.news, New York-based Signature Bank announces that it is planning to launch Signet, its digital payments platform, on the Fireblocks network.
Mercado Libre Injects Liquidity into Crypto Firms Paxos & 2TM
Mercado Libre, a publicly traded retail giant based in Argentina, has injected an undisclosed sum of money into two regional cryptocurrency-focused firms, Paxos and 2TM Group.
Nobel Prize Winning Economist Abhijit Banerjee: Is Blockchain the Key to Financial Inclusion?
While Nobel Prize-winning economist Prof. Banerjee is no expert in blockchain or FinTech services, we went along to the Asian Financial Forum to find out his thoughts on the application of FinTech and Blockchain to facilitate inclusive finance for the developing world. His response surprised us.
Cathie Wood Joins Amun Crypto Technology Firm's Board
Cathie Wood, a seasoned Wall Street investor, has joined Amun’s board of directors after personally investing in the parent company.
eToro Cancels SPAC deal with FinTech Acquisition Corp. V. Company
FinTech Acquisition Corp. V. SPAC and eToro have terminated their investment deal, citing the impracticality of the deal.
Offshore Tax Invasion Continues to be Investigated by OECD
The Organization for Economic Co-operation and Development (OECD) thinks that cryptocurrency might be the solution in preventing large scale tax evasion activities that are ongoing all over the world.
Digital B2B Payments Startup CoreChain Technologies Raises $4.2m in Seed Round
Blockchain-based digital B2B payments startup CoreChain Technologies has announced a $4.2 million seed round led by Ulu Ventures.
China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan
In the race to be the first country to launch a functional CBDC, China appears to be in the lead, as it has begun experimenting with its digital currency.
Facebook's Libra Sparked CBDC Race, COVID-19 Made Central Banks Realize Its Necessity
Digital innovation and central bank digital currency adoption (CBDC) have been on the rise despite the ongoing COVID-19 pandemic. What has driven CBDC forward?
The Russia-Ukraine War Might Accelerate CBDC Issuance, Former BOJ Official Says
The sanctions slapped on Russia based on its invasion of Ukraine might prompt more nations to adopt CBDCs as a shield against the U.S. dollar’s supremacy in the global financial system.
China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report
China is poised to become the world’s first cashless society should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to the SCMP
China’s Central Bank Digital Currency DCEP to be Operational for Local Government Employees Starting in May
Local government employees in the city of Suzhou will be receiving China’s central bank digital currency, digital currency electronic payment (DCEP) in May, according to a local news outlet. China has been charging full speed with its digital currency development plans shortly after Facebook revealed its Libra stablecoin project.
Sweden's Sveriges Riksbank Begins Testing Its Blockchain-Powered Central Bank Digital Currency
Sweden’s Riksbank announced that it had started testing an e-krona, taking one step closer to the release of a central bank digital currency.
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.
Switzerland’s New Regulations for Blockchain And DLT Trading Facilities Usher In A New Era Of Clearer And Lighter Regulatory Regimes
A short article piece submitted by Christoph Besmer, Trade Commissioner, Investment Promotion Switzerland.
The Top 10 Bitcoin Exchanges for Casino Players
Exploring the 10 best Bitcoin exchanges for online casino players, mostly looking for newcomer-friendly sites and a couple of more advanced propositions.
Why the World Needs a Blockchain Consensus Operating System
The true potential of blockchain to transform the lives of people around the world has clearly not been realised.
The Future of Blockchain Is Regulated, Permissioned And Decentralized
Blockchain has come a long way since it was first proposed as the technology powering Bitcoin’s distributed ledger. Since then, it has come to be understood as a technology that exists in its own right, as the base layer of second generation blockchain networks that are the foundation for all kinds of decentralized applications, or dApps.
Five Myths People Have About Cryptocurrencies Debunked
Cryptocurrency has now been in the market for a decade, and its introduction enabled it to join the ranks of fiat currencies as a potential means of payment. However, the majority of consumers still hold wrong beliefs about cryptocurrencies. This explains the reason for the low adoption of cryptos.
Top 5 Technology Trends that Might Shape in 2022 and Beyond
One word that has been on the tip of the tongue of almost every second person on this planet especially since the last decade, and that has completely revolutionized the world in which we are currently living, is none other than technology.
Cryptocurrency is Highly Influencing the Gaming Industry
Cryptocurrency is said to be the payment of the future. Since the introduction of Bitcoin in 2009, many industries have incorporated and accepted cryptocurrency as a reliable option for payment. With rising competition and seeing the concrete future in the business of digital currency, many cryptocurrency service providers are available to choose from.
China to Launch Its Own Digital Currency Later This Year
In order to remain ahead in the global competition, China plans to launch its own digital currency known as Digital Currency Electronic Payment (DCEP). The digital currency will stimulate daily banking activities like deposits, payments, and withdrawals from the digital wallet. Crypto news website Coin Journal shows that the People’s Bank of China, China’s central bank has initiated the efforts to roll out its very own digital currency. It is an effort aimed at staying ahead among all the central banks worldwide as well as preserving financial sovereignty.
Margin Trading And Lending On The Crypto Market
In recent years, many of you who are interested in crypto, probably have noticed the continuous growth of the number of new exchange products that help earn from lending and margin trade.
Debunked: The 7 Most Common Myths About Cryptocurrencies
Although cryptocurrencies have been around for quite some time, many people still find them confusing. In part, that is definitely due to the fact that there are many common myths about them that people take to be true.
Top 5 Bitcoin Casino Sites in 2020
As we delve into this year's best online Bitcoin casinos, you'll discover the most worthwhile bonuses, the best selections of games and where to play safely.
Google Integrates Blockchain Technology to Root Out Fraudulent Actors
Google claimed that they started integrating blockchain technology into their exchange is security theater, since they would essentially write themselves out of the deal between advertisers and publishers if Google were to create an immutable, open, distributed public ledger for its exchange.
Top 5 Fintech Predictions That Will Redefine The Landscape of Financial Markets in 2021
Undoubtedly fintech is leading us towards an unpredictable future considering the fintech leader’s insights and predictions.
What is DeepSwap?
DeepSwap is an AI-powered platform for face swapping in videos and photos. It offers tools like AI Video and Photo Generators, with a focus on privacy and safety.
AI Nude Generators: Technology, Tools, and Privacy Concerns
AI nude generators are software tools that use deep learning models to create realistic nude images, including anime characters and mythical beings. These tools can be categorized into general AI image generators, inherent NSFW AI image generators, and dedicated AI nude or clothes remover tools. However, concerns about legality, security, and privacy arise from the potential misuse of these tools. Companies like Stability AI, SoulGen, OnlyFakes, DeepNudeNow, and DeepSukebe have secured funding for their open-source systems.
The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China
The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.
What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal
ByteDance is confident that its deal with Oracle tech giant for TikTok’s US operations will be approved by both Chinese and American regulators.
Bangladesh Cashing in into the Blockchain Bandwagon Ahead of the 'Fourth Industrial Revolution'
Blockchain technology has seen an increasing amount of adoption, from large conglomerates researching its uses and testing it out, to officials such as President Xi Jinping, endorsing and seizing the opportunities that it may bring. Dr. Mohammad Saifur Rahman, the US-based blockchain expert, said that blockchain can have applications in financial industries, including remittance, credit, and payment industries, as well as e-governance in Bangladesh.
Trump Administration Wants Clean 5G Networks Free of China State Actors
Mike Pompeo, Secretary of State for the Trump administration has announced the expansion of the Clean Network program, outlining five new lines of defense to protect America’s critical telecommunications and technology infrastructure from untrusted Chinese state-owned enterprises like Huawei and ZTE.
Hong Kong, a Coronavirus Hit City: How is the Blockchain Ecosystem Bracing for Greater Impact?
Workers in China are now stuck in their hometowns, with 27 Mainland cities on lockdown in the country. Hong Kong has been investigated cases of environmental transmission of the coronavirus, as two residents in Hong Kong have been infected who live in the same residential building, but on different floors. This, in turn, could impact the US stock market, as the country was previously confident that China could contain the spread of the disease.
Ethereum Has Vastly Outperformed Tech Stocks With a Staggering 171% ROI
Ethereum's price drop hasn’t dampened its spirits to offer an impressive return on investment (ROI) so far this year compared to tech stocks like Microsoft, Facebook, and Apple.
Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon
A recent survey of 300 senior executives at US-based mid-sized financial institutions found that more than half of bank and credit union executives view Big Tech companies like Amazon and Google as significant threats to the banking industry. Meanwhile only a third believe financial technology (fintech) firms will be a threat in the future, but are they sleeping on Square, Jack Dorsey’s financial technology venture whose stock price recently recorded a 20 month high.
Technical Analysis: Jasmy Coin Price Movements Indicate Bullish Potential
Jasmy Coin has breached its descending trend line and is currently near the 99-day MA. If it sustains above these levels, it could set the stage for a bullish trend, offering lucrative returns for traders and investors.
Five Ways Blockchain Technology is Transforming the Automotive Industry
Blockchain, as a secure and unique sort of encryption, has the potential to be one among the critical technologies that make it possible for the automotive industry to breakthrough into the new era of smart vehicles.
Here's Why Harvey's $80M Funding is a Game Changer in Legal AI
Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.
What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?
The coronavirus death toll hit a daily high, as China confirms 3694 cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide with 565 deaths, mostly in Hubei province in China. How can blockchain be utilized to tackle this problem?
PrimeXBT Analysis: Bitcoin Hash Rate Sets New ATH, Fundamentals Scream Buy The Dip
In stocks, company profit margins and operating expenses are top priorities in fundamental analysis. Fundamental analysis in forex currencies could involve looking at each nation's GDP or country's political health. Commodity fundamental analysis looks at supply, demand, and environmental factors.
Red Alert: Ripple Effects of Coronavirus on Chinese Electronic Manufacturers and Bitcoin Miners
The scourge of the coronavirus has led to the temporary closure of factories in China with the electronic industry supply chain being hit the hardest forcing an extension in the Lunar year holiday following the outbreak of the virus.
ChatQA: A Leap in Conversational QA Performance
The study "ChatQA: Building GPT-4 Level Conversational QA Models" by Zihan Liu, Wei Ping, Rajarshi Roy, Peng Xu, Mohammad Shoeybi, and Bryan Catanzaro from NVIDIA focuses on the development of a new family of conversational question-answering models, including Llama2-7B, Llama2-13B, Llama2-70B, and an in-house 8B pretrained GPT model, which improves 'unanswerable' questions.
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?
Love is in the Chain: Could Blockchain be the Solution to People's Dating Woes?
The dating scene, as it exists today, is a minefield. Fake profiles, catfishing, scammers, and just plain old rudeness puts many people off the very act of dating. But a relatively recent newcomer into the tech field might just be the solution to the inherent problems of today's dating environment. Can blockchain technology dating's best friend?
Generative AI in the UK Public Sector: A Comprehensive Analysis
A survey by the Alan Turing Institute shows a significant uptake of GenAI in the UK public sector, with diverse applications across healthcare, education, and more. While boosting productivity and offering new operational methods, challenges like unclear guidelines and varying attitudes towards AI persist.
BIS Advances Technology in Finance: Quantum, AI, and Green Initiatives for 2024
The Bank for International Settlements announces six innovative projects for 2024, focusing on quantum security, AI, and green finance, to enhance global financial system resilience.
DeWave: Brain-to-Text AI Breakthrough Revolutionizing Communication
DeWave, a revolutionary AI model, translates brain activity into text using EEG and AI, offering communication solutions for speech-impaired individuals with about 40% accuracy.
Bitcoin-like Wisdom: Edward Snowden's Call for Algorithms to Replace Institutions
Edward Snowden's vision of AI and Bitcoin's financial revolution share a common theme of decentralization and replacing traditional institutions, highlighting concerns about surveillance and public trust.
World Bank Pushes to Raise the Bar for FinTech and DLT for Cross-Border Interoperability and Financial Inclusion
The World Bank Group has recently published a study, issued by the Bank for International Settlements (BIS) on “Payment aspects of financial inclusion in the FinTech era,” highlighting the concepts derived using blockchain, including stablecoins, and central bank digital currencies (CBDCs).
Blockchain for Gun Control in the US: The Great American Dilemma
Columbine, 1999. Sandy Hook, 2012, Las Vegas, 2017. Aurora, 2019. The list of mass shootings in the United States grows larger and deadlier every year. Blockchain can address the technological challenge of gun control, but a radical shift in American society's stance on guns is paramount.
AI's Mainstream Impact and Workforce Dynamics in 2023
2023 was a transformative year for the workforce, marked by AI becoming mainstream, changes in job roles and hiring processes, the rise of hybrid work models, the decline of corporate jargon, and notable increases in job interview compensation.
Google's Lumiere AI: Ideal for Realistic Video Generation
Google unveils Lumiere, an advanced AI model for realistic video generation using a Space-Time Diffusion Model and STUNet architecture, outperforming existing models in quality and user preference.
Why Multimodal Large Language Models (MLLM) is promise for Autonomous Driving?
The integration of MLLMs in autonomous driving could revolutionize the global economy, with ARK's research suggesting a potential GDP increase of 20% over the next decade, driven by safety improvements, productivity gains, and a shift to electric vehicles.
Is Blockchain the Solution for Trust in Healthcare?
Currently, in 2020, it is clear that Blockchain is still in the development stage. Handling large volumes of data, as well as app and device development for users all, remain ongoing, yet the potential is vast.
Bears Dominate Market as Bitcoin Trading Below Key Daily Moving Averages
Market analysts believe bears are still in charge as Bitcoin is still trading below key daily moving averages like 50 MA, 200 EMA, and 200 MA.
What Does the Japanese FinTech Landscape Look Like?
Tokyo, the capital of Japan has been ranked as one of the top 12 FinTech hubs in the world by Deloitte’s A tale of 44 cities: Connecting Global FinTech: Interim Hub Review 2017. The Tokyo Metropolitan Government (TMG) created policy outlines to form the city with the vision of an unrivaled global financial center.
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.
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law
Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.
Chinese CBDC's Backend Developments are Complete, Revealed During 2020 FinTech Forum
The world’s attention is on China who has recorded a great advancement in the development of its central bank digital currency (CBDC). The Chinese CBDC project, also known as digital currency electronic payment (DCEP) entered its testing phase back in April with a test run billed for four major cities.
Argentina’s Central Bank Set to Prove Non-Crypto Use Cases of Blockchain Technology with its New Clearing System
The Central Bank of Argentina (BCRA) is now looking to test a blockchain-based clearing system to be used by the country’s major financial institutions. The aim of the blockchain clearing system is to provide efficiencies for fiat payments and enable them to be more reliable and to provide end-to-end traceability.
Federal Reserve Has Been Advancing CBDC Research with US Regional Banks’ Contributions
The Federal Reserve's research and development on a central bank digital currency issuance has been complemented by several regional Federal banks' efforts.
Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector
Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).
Central Bank of Brazil Forms a Digital Currency Study Team to Drive CBDC Research Forward
The Central Bank of Brazil is planning the potential issuance of a Central Bank Digital Currency (CBDC) by setting up a research study group.
Bank of France Becomes the First to Successfully Test Out the Digital Euro on Blockchain
The French Central Bank, Banque de France has recently successfully trialed a central bank digital currency (CBDC) – the digital euro, operating on a blockchain. The Bank of France experimented with the use of a central bank digital currency to test a sale of securities, which was carried out by Société Générale Forge. Banque de France launched a program of experiments to test out potential central bank digital currency (CBDC) aimed for interbank settlements. Potential participants have been invited to submit their applications to experiment with the use of a digital euro.
Canada’s Central Bank Digital Currency Won't Include Zero-Knowledge-Proofs
Bank of Canada researchers do not feel that the current state of zero-knowledge-proofs is mature enough to be integrated into their development plans for a Central Bank Digital Currency (CBDC).
Will Bitcoin Skyrocket or Plunge? Young Traders Have Wrecked US Stock Market, Says Fund Manager
The president of Smead Capital Management addressed the topic of current trends of the US stock market in an interview with CNBC.
Former Ripple Executive Loses Keys to Digital Wallet Holding $240 Million worth of Bitcoin
Former Ripple executive Stefan Thomas may have made a fortune off Bitcoin, but he might never be able to touch it.
Tesla Bull and ARK Invest CEO Cathie Wood Thinks more Tech Companies Will Eventually Buy Bitcoin
CEO of Ark Invest Cathie Wood predicts that more firms will onboard the institutional wave backing Bitcoin, which will consequently drive up BTC's price.
Bitcoin Price Not Everything Says Bitfinex CTO, as BTC moves Sideways
The Bitcoin price has stagnated, trending sideways between $32,000 and $34,000—but recognizing BTC’s true value is not all about price says Bitfinex CTO Paolo Ardoino.
Predictions of Rising Potential for Bitcoin and Ethereum in 2020
A recent Forbes article gives us insights into the driving forces which could determine the trends to follow in the upcoming year, within the cryptocurrency market. Read more in the article below, with insights from leaders from BIS, NEM Ventures, Close Cross, and CVA.
Hacking 101: Security of Bitcoin Wallets, From a Hacker's Point of View
The safety of crypto wallets was recently questioned, after an incident where a Bitcoin address was successfully hacked.
Bitcoin Users Have Bigger Problems Than Recent Twitter Scam
The recent spate of Twitter scams appears to indicate that Bitcoin users will face even more sophisticated and devastating attacks in the future.
Bitcoin Price Breaks $11K Again, but Can’t Maintain Bullish Momentum
Over the weekend, Bitcoin broke past the $11,000K mark once again but has fallen back to record an approximate price of $10,900 since then.
Bitcoin Anonymity
More than ten years ago, Satoshi Nakamoto created Bitcoin. The aim was to come up with a financial system that included no third-party intermediaries and that’s owned by everyone and no one. Another reason behind Bitcoin’s creation, however, was anonymously transferring funds.
BTSE Offers Users the Chance to Collect Interest on Their Idle Crypto Holdings
BTSE, the UAE based digital exchange, has big plans for their ecosystem. They have recently launched the latest development in what they call their “comprehensive digital bank at the juxtaposition of crypto and fiat.”
Why Bitcoin is Popular among Investors
The number of forums where people are discussing Bitcoin trading and investing has increased over recent years. More companies and individuals are also interested in Bitcoin trading and investing.
What’s Different About Cryptocurrencies This Time Around?
Even people who haven’t been paying all that much attention to the markets over the last several months are likely aware that cryptocurrencies are one of, if not the hot investment topic.
Bitcoin Edges Close to Hit the 200-Day Moving Average
Market analyst Lark Davis disclosed that Bitcoin's regained momentum has pushed the top cryptocurrency closer to the 200-day MA.
Square Stocks Soar After Bitcoin Purchase, Market Bulls Convinced PayPal Will Make a BTC Move of Its Own
Square’s $50 million-dollar move on Bitcoin has pushed the fintech payment company’s stocks higher, enabling it to outperform PayPal shares.
TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers
As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.
Ethereum Launches Final Testnet Before Officially Releasing ETH 2.0 Mainnet
The software developing team for Ethereum 2.0 has finally announced that they will be launching ETH 2.0’s testnet on August 4.
Ethereum Uncovers Blockchain Bugs to Stabilize Medalla Testnet
Ethereum developers discussed the technical issues that went wrong during the launch of Medalla testnet and that could have been improved to make the release smoother.
Ethereum Tapped by Reddit to Bring Blockchain and Scaling Technology to the Online Forum
Ethereum will be leveraged by Reddit, bringing blockchain technology to the online network for the first time ever through their partnership.
Ethereum Dominates European Blockchain Startup Scene
LeadBlock Partners, a European Venture Capital fund that invests in early-stage B2B Blockchain solutions, has announced that Ethereum is a prominent gamechanger among all the European blockchain startups.
Billionaire Mark Cuban Thinks Ethereum Will "Dwarf" Bitcoin, ETH Sets New Record-High of Over $2,150
Ethereum has soared to a new all-time high of over $2,150 and that has contributed in pushing the entire cryptocurrency market to $2 trillion.
Ethereum’s Berlin Hard Fork Anticipated for April
While Ethereum developers have been working on perfecting ETH 2.0, an upgrade to the current Ethereum 1.0 mainnet is expected to go live in mid-April.
China’s Central Bank to Develop Blockchain-Based Trade Finance Platform for the Greater Bay Area
China’s Central Bank, the People’s Bank of China (PBoC) announced its development plans for outlining a blockchain-based trade finance platform for the Greater Bay Area that links Hong Kong, Guangdong, and Macao. Governing entities in China, including the PBoC, China Banking Regulatory Commission, China Securities Regulatory Commission, and the Foreign Exchange Bureau came together to issue the official document for the proposal. The entities submitted their suggestions on financing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on global trade and finance.
Chinese Central Bank Approves the City of Chengdu for its FinTech Innovation Pilot
The Chinese central bank, People’s Bank of China has recently approved the city of Chengdu to carry out fintech innovation supervision pilots.
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.
HK FinTech Week: China’s eCNY Wallet Registers 140M Users, Rises 6 Times More, says PBoC Official
China’s digital yuan wallet has witnessed its user base rise six times more just after the past four months to hit 140 million active accounts.
Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism
To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.
Fintech Investments Amount in Singapore Reached over $3.9 Billion in 2021
The fintech sector in Singapore made significant strides in 2021 by hitting $3.94 billion, with crypto and blockchain funding contributing nearly half at 1.48 billion.
China’s Blockchain Service Network Unveils New International English-Based Website
China's Blockchain Service Network, introduced in early 2020, has launched an official international website.
HK FinTech Week: Understanding Misconceptions on Cryptocurrency
Misconceptions about cryptocurrencies have been prevalent since their inceptions more than ten years ago with Bitcoin being the first to revolutionise the blockchain system.
Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
Blockchain-powered driving licenses were made available as an option in South Korea in May.
China Plans to Incorporate Blockchain in Attempt for Hainan to Overtake Hong Kong on International Trade
The Chinese government is planning to make the province of Hainan into a free trade port, focusing on facilitating free trade, investment, and cross-border capital flows. The plan encourages government institutions to use blockchain and other emerging technologies to improve government functions. The government’s plan has mentioned blockchain technology consistently, as it could have the potential to be used in social governance, as well as protecting data systems including intellectual property rights.
Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push
The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.
Chinese Bank Issues the First Asset-Backed Commercial Paper in China on Blockchain
China Zheshang Bank, based in Zhejiang province has leveraged blockchain technology to issue the country’s first asset-backed commercial paper in the Chinese financial market. China Zheshang Bank successfully issued the “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” which was worth 120 billion yuan ($16.93 billion). The asset-backed commercial paper (ABCP) was issued as a part of the National Association of Financial Market Institutional Investors’ (NAFMII) pilot project. ABCPs are short-term investments issued by financial institutions to support companies in their short-term goals.
Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals
South China Morning Post's Report shows Chinese firms are growing in the adoption and integration of blockchain technology
China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy
The Chinese government issued a new “Beijing Action Plan” aiming to accelerate the inclusion of new emerging technologies in the country’s economy. China aims to leverage new technologies including artificial intelligence (AI), 5G, industrial internet, blockchain, big data, and others to promote the steady growth of Beijing’s economy post-pandemic.
Hong Kong Fintechs Embrace Blockchain and DLT
Blockchain firms make up nearly 40% of all new Hong Kong FinTech companies launched in 2019.
China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain
China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.
ADB Launches Blockchain Project for Cross-Border Securities Transactions in APAC
Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region.
Why Hong Kong is Still Not Ready to Become Asia's Leader in Crypto and Blockchain
During a live webinar, as part of the UK FinTech Week, Clara Chiu, the Head of Fintech Unit & Director of Licensing at the SFC explicitly stated that Hong Kong does not have the mandate to create a large regulatory regime for cryptocurrencies or to attract more investors or players in the crypto field. Rather than promoting the crypto sector, Hong Kong is rather focused on protecting investors and promoting new regulations for the same reason. Is focusing on licensing enough for the city?
Shanghai High Court Pilots Blockchain Technology to Record Hearings for Court Reform
Shanghai’s high court has started using blockchain technology to record hearings as part of its court record reform pilot. During the meeting on the reform of court records, participants took part in observing the whole process of the court trial of a dispute over the equity transfer contract heard by the Shanghai Minhang District People’s Court.
Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?
2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign forces to endanger national security.
Cardano Scoop: ADA/BTC Flirts with Support as Selling Pressure Increases
Cardano price at 818 satoshis, trading later at -3.67% at 789 satoshis. Around 29.45 million of the volume was generated during the trading session on Monday.
Mark Cuban Discusses Dogecoin with Ellen DeGeneres as DOGE Adoption Surges
Mark Cuban has given Ellen Degeneres a brief rundown on Dogecoin and NFTs.
Top Brazilian Crypto Exchange Mercado Bitcoin Adopts Sports Token Chiliz
Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced its plans to add sports token Chiliz ($CHZ) to its existing list of digital assets.
Oddity Tech Ltd Launches Security Token Offering to Democratize Investing
Oddity is innovating its offerings to keep up with the changing users’ expectations.
Ripple CTO Assesses XRP as a Bridge Cryptocurrency Between CBDCs, Stablecoins, and Fiat
Ripple’s CTO David Schwartz discussed the key role Ripple (XRP) tokens and other cryptocurrencies would play in a market where CBDC was becoming a hot topic.
Visa Applies for Blockchain-Based Digital Currency Patent to Potentially Remove Physical Currency
Visa has filed a patent application to create a blockchain-based digital currency on a centralized computer, according to a publication by the US Patent and Trademark Office (USPTO). The patent was originally filed in November 2019, and was described as “Digital Fiat Currency.” The US dollar was mentioned as one of the fiat currencies to be used potentially, although the patent could also apply to other central bank digital currencies including the pound, yen, and the euro.
Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts
Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information. These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company launched the JD Blockchain Open Platform enabling companies to use JD’s platform using pre-built APIs. The blockchain protocol has been opened up to allow enterprises to built custom solutions.
Hamilton Lane Tokenizes Funds to Offer Individual Investors Access Private Markets
Hamilton Lane is making three investment funds available to individual investors by tokenizing part of its $835 billion funds via a partnership with Securitize.
IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder
IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading. Built on the latest version of the IBM Blockchain Platform, IBM has been the platform’s technology partner since the beginning. We.trade was also the first enterprise blockchain consortium to go live, back in early 2018.
Revolut Adds 29 New Tokens to Serve Clients in US
British fintech giant Revolut has announced the addition of 29 new tokens to serve its clients.
Crypto Exchange FTX Expands Business to Africa, Partnering Kenyan Fintech Firm AZA Finance
To expand its global footprint and presence on African soil, top-notch cryptocurrency exchange FTX has partnered with AZA Finance, a Kenyan-based fintech company.
China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure
Chinese tech giant Tencent Holdings, the owner of China’s messaging platform WeChat has announced that the company will be investing 500 billion yuan ($70 billion) in the next five years in emerging technologies including blockchain, artificial intelligence (AI), cloud computing, and cybersecurity. Tencent is aiming to strengthen the development of FinTech in China, following the push of accelerating the development of blockchain as stated by the country’s President Xi Jinping.
Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era
A Japanese book distributor is mulling an investment in a blockchain-based platform to distribute e-books, as partial lockdowns due to the ongoing COVID-19 pandemic continue in Japan.
Coffee Company to Use IBM Blockchain to Connect Farmers And Consumers
The J.M. Smucker Company, known as Smucker’s, has announced that blockchain technology will be implemented in their system to trace Colombian coffee beans directly back to their source, all the while enabling consumers to support coffee farmers through the platform.
DeFi Technologies Inc's Subsidiary Valour Owns over $274m in AUM
DeFi Technologies Inc announced Wednesday that its subsidiary Valour records $274 million in assets under management (AUM).
Bitcoin Venture Capital Firm Ribbit Capital Files $350 Million Blank Check IPO with SEC
Ribbit Capital, an early Bitcoin VC firm, has filed for a $350 million initial public offering with the SEC leveraging its “blank check” structure.
American Bank Inks Deal with Bakkt, Offering Trading & Holding of Tokens
To offer customers the option of accessing Bitcoin and Ethereum using their bank accounts, American Bank has partnered with Bakkt.
UNBLOK Provides Incentive-Based App Blockchain Solutions
UNBLOK LLC provides consumers with a revolutionary solution through blockchain technology, allowing users to use the application on their mobile phones without the need to conduct traditional application market research and get rewards.
China's Tencent Forms Alliance to Boost Blockchain Development in the Country
China remains a pacesetter in the technological landscape. The Chinese government as well as Chinese companies are all in tandem with the fight to push for a whole new world of technological dominance. This developmental posture is also true of Tencent, one of China’s technologically focused firms that announced it has formed an industrial alliance that will help promote the development of blockchain technology. The alliance is set to recruit 100 members before the end of the year to create room for wider representation.
Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.
Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain
Alibaba subsidiary Ant Group CEO Simon Hu is accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd.
Ubisoft to Launch Blockchain-Based Collectibles to Support UNICEF
Ubisoft, the French-based video gaming company has launched blockchain-based collectibles in a bid to raise funds for UNICEF. Cryptocurrencies are taking the lead in fundraisers particularly due to their anonymous nature.
Telecom Giant Airtel Acquires Aqilliz, Transforming Adtech & Creator Economy with Blockchain
The acquisition of Aqilliz will enable Airtel to deploy blockchain-based solutions across its fast-growing digital marketplace, Adtech (Airtel ads), and digital entertainment.
ConsenSys Sued For IP Theft by Blockchain Startup from its Own Incubator
BlockCrushr, a Canadian blockchain firm has accused ConsenSys of stealing its intellectual property after it took part in a ConsenSys’ startup accelerator program.
Apple Co-Founder Steve Wozniak Sues Google and YouTube Over Fraudulent Bitcoin Scam Videos
Legal team for Steve Wozniak, co-founder of tech powerhouse Apple, announced a lawsuit against YouTube and their parent company Google alleging that the media companies failed to take down fraudulent videos that impersonated Wozniak to drive Bitcoin funds.
Senate Banking Committee Democrats caution SoFi about deadlines
After purchasing Gold Pacific Bancorp, SoFi was awarded the status of bank holding company. Customers of SoFi's national bank may invest a portion of their direct deposits in digital assets without incurring fees. In investor protection documents, SoFi characterized one of the currencies it provides as "a crypto pump-and-dump" The writers seek an answer to these matters by December 8.
Floyd Mayweather Promoted 2017 ICO Was a Fraud, Co-Founder Pleads Guilty
The $25 million 2017 Centra Tech ICO court case has finally resulted in a verdict against one of the co-founders who pleaded guilty to fraud yesterday. The other founders are still awaiting trial.
Twitter and Facebook Grilled in Senate Hearing Over Social Media Censorship of US Presidential Election
Facebook and Twitter are facing heat from US Congress for how they handled political misinformation circulating on the social media platforms.
Trump Ends COVID-19 Pandemic, according to White House Release
The Trump Administration has ended the COVID-19 pandemic, or at least according to the list of his accomplishments from the White House Science and Technology Office.
3 Ways Biden Can Be Friendly With China
I’ve often viewed myself as both a global citizen and a bridge between East and West. The Biden Administration has a once-in-a-generation opportunity to redefine America’s role in the global economy and pave the way for success in world with two equal economic superpowers. Here’s how…
Panama Looks to Legalize Bitcoin and Ethereum in Line with El Salvador
Panama has introduced a crypto bill with the aim to legalize Bitcoin and cryptocurrencies.
US-China Tech War and Data Concerns Could Create the Splinternet
Political tensions between the United States and China have been rising with some experts predicting the divide on data standards has grown large, it could split the internet.
Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal
CEO Jack Dorsey is to testify about the recent incident where Twitter blocked a NY Post news disclosing sensitive information on Joe Biden's scandal in Ukraine.
Brock Pierce Running for President to Bring Blockchain Technology to the Forefront
Speaking at the Unitize conference on July 7, Brock Pierce discussed his motivations for his sudden entrance into the presidential election. Despite being extremely unlikely to win, Pierce believes his campaign will serve as an inspiration to younger voters as well as highlight the benefits of blockchain.
Nigeria Expects to Generate a Revenue Stream of $6 Billion Through Blockchain Technology by 2030
Nigeria says that blockchain in the country could generate a revenue of between $6 and $10 billion in 10 years.
IOTA On How Distributed Ledger Technology Will Transform Supply Chain
Distributed ledger technology could potentially revolutionize the supply chain industry by providing several upgrades, according to industry experts.
Unilever to Use Blockchain for Transparency and Traceability to Achieve Deforestation-Free Supply Chain by 2023
Unilever, the consumer goods company that owns brands such as Ben & Jerry’s, Dove, Vaseline, Knorr, and other well-known brands, has announced that it will be leveraging blockchain to tackle deforestation.
CoinShares to Acquire the ETF Index of Elwood Technologies, Owned by Ellen Howard for $17M
Elwood Technologies, a cryptocurrency company of hedge fund giant Allen Howard, sold its ETF index to CoinShares for $17 million.
Revolut Launches Cryptocurrency Exchange Services in Singapore
British Fintech firm Revolut has launched a digital currency trading service in Singapore amid a tightening regulation from regulators.
Binance Taps Operating License from the Bank of Spain
Binance cryptocurrency exchange has received the license to operate in Spain through its subsidiary in the country, Moon Tech Spain SL
Bitrue Will Support Symbol (XYM) Airdrop for NEM Holders and Launch Pre-Trading
Bitrue, the cryptocurrency exchange that regularly clears over $1 billion in daily volume, has announced that it will be supporting the upcoming Symbol (XYM) token airdrop. To create a market for the new token at the earliest opportunity, Bitrue will be offering trading through an IOU system.
Mastercard Enhances Crypto Wallet and Exchange Business
Payment giant Mastercard announced Tuesday to enhance its function and experiment for cryptocurrency wallets and exchanges to their clients. The card issuer cooperates with multiple crypto enterprises to convert crypto and traditional fiat money more accessible.
Huobi Tech Files to List Crypto ETF Product in Hong Kong
Huobi Tech asset management firm has reportedly filed the application for a crypto-based ETF to the Securities and Futures Commission (SFC) in Hong Kong.
Alibaba’s Ant Group Set to be 2020’s Top IPOs in Hong Kong and Shanghai
Ant Financial, formerly known as Alipay and known renamed to ‘Ant Group’, has announced its intentions of launching an initial public offering (IPO) that would be featured both on the Shanghai Stock Exchanges' STAR board and the Stock Exchange of Hong Kong (HKEX/ SEHK).
Binance Crypto Exchange Launches Fintech Payment Firm Bifinity
Binance's latest fintech firm Bifinity will connect businesses and merchants to cryptocurrency and other popular traditional payment services.
FTX US Acquires Clearing Firm Embed, Enhancing its Stock Offerings
FTX US has announced the acquisition of Embed Financial Technologies Inc., including its wholly-owned subsidiary Embed Clearing LLC for an undisclosed sum.
IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime
The Criminal Investigation Division(CID) of the IRS are actively hiring private contractors to study and analyze privacy coins, as there has quite been a lot of fraudulent activities revolving around their usage.
Europol Empowers Victims with Tools to Fend Off Ransomware Attacks
Europol, European Union’s law enforcement agency, has put together an anti-ransomware initiative that has managed to intercept $630 million dollars and more in ransomware demands, since 2016.
Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin
Darknet digital marketplace Empire Market appears to have exit scammed and made off with a hefty profit of 2,638 Bitcoin (BTC).
Binance Assists in Recouping Fund for Vicitims of Contra Tech Fraud
Binance exchange has announced it is heavily involved in helping the victims of Contract Tech fraud from back in 2017/18 to recoup their lost funds
Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials
The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.
Tech Stocks to Grow this Year thanks to Crypto & Metaverse, Wall Street Analyst Says
Cyrus Mewawalla believes that tech companies whose operations extend into the metaverse and crypto will end up in gains at the end of the year, despite the massive uncertainties that might be experienced in the stock market this year.
Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says
With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.
Gavin Wood Steps Down as CEO of Parity Tech While Retaining the Chief Architect Position
Gavin Wood has announced he would be stepping down as the CEO of Parity Technologies
Elliptic Hires OakNorth's Jackson Hull as Chief Technology Officer
As CTO, Hull will be responsible for taking Elliptic into the next phase of its product and technology growth, leading one of the major blockchain analysis providers.
R3 CTO Explains—Permissionlessness: A Simple Concept With Profound Implications
Consider some of the unusual or unique things about the Bitcoin network. First, if you have an internet connection then you can transact using Bitcoin without needing the services or approval of anybody else to do so. Secondly, if you run a full node, there’s nobody upon whom you must rely to validate any information you receive; you can fully check it for yourself.
How Australia's National Blockchain Roadmap Will Change The Future
Australia was one of the first countries to recognize the immense potential of blockchain technology and to incorporate it into various sectors in the country.
Raising Blockchain Awareness will Spur More Adoption, Experts Say
Speaking at a blockchain conference dubbed BUIDL VietNam 2022, experts pointed out that raising awareness about this cutting-edge technology through regulatory frameworks, successful applications, and education would heighten adoption.
UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System
Alexander Lebedev, the billionaire UK media mogul and former banker has endorsed the revolutionary power of DeFi against a corrupt global banking system.
PARSIQ Integrates Chainlink Oracle Price Feeds to Trigger Off-Chain Actions and Trading Decisions
Blockchain monitoring and automation platform PARSIQ has integrated Chainlink price oracles to trigger off-chain actions and trading decisions.
5 Places to Learn About Crypto Investing
While there is certainly an aspect of the ‘gold rush’ mentality to the current crypto buzz and surging market caps, it is undeniable that we have passed a legitimate turning point in the history of this revolutionary technology and asset class.
Alfa Romeo Unveils Tonale SUV with NFT Tracking Capabilities
Italian automobile brand Alfa Romeo is launching a new Sports Utility Vehicle in 2023, the Tonale, and it will incorporate NFTs and blockchain technology in its data capturing procedures.
YouTube Sees NFTs as Catalysts, Tieing Deeper Relationships with Users
YouTube sees NFTs as stepping stones towards a stronger connection between creators and viewers, according to Chief Product Officer Neal Mohan.
NFTs can Help Patients Have Significant Control of Personal Health Data: Global Scholars
A global and multidisciplinary team of scholars have released a publication noting that NFTs have the capability of spreading their wings to the healthcare sector by helping patients safeguard their personal health information.
Ernst & Young’s Blockchain Technology to Create NFTs for Award-Winning Italian Film
Big-four accounting and auditing firm Ernst & Young’s blockchain-as-a-service dubbed EY OpsChain will create NFTs for the award-winning Italian film La Leggenda Di Kaspar Hauser.
Samsung Plans to Develop Top-Notch Metaverse Devices to Foster Accessibility
Samsung Electronics has revealed plans to make the metaverse more accessible by developing innovative devices as it sees it as a new business model.
Dubai Seeks to Become Hub of Metaverse
Dubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology.
Metaverse Hits Top 10 Strategic Technology Trends for 2023: Gartner
A study shows that the metaverse would remain one of the hot topics in the fintech industry. Metaverse also would be top ten strategic technology trends for 2023.
Arizona State University Offers Blockchain Technology, Enhancing Student’s Academic Journey
Arizona State University (ASU) is going a notch by deploying a blockchain-based technical stack enterprise infrastructure for its students.
Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?
Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector.
Indian Tech Giant Infosys and Matic Network to Reinvigorate Dapp User Experience
In a pivotal technological partnership, Infosys joins Matic network as an early transaction validator. This synergy will offer a strong tech structure to the Matic operations with DApps.
Deutsche Bank Survey Places Bitcoin, Tesla, and US Tech Stocks as The Biggest Market Bubbles
Many investors seem to think that the current financial market is caught in bubble territory, with Bitcoin, Tesla, and tech stocks leading the pack.
Microsoft Loses TikTok to Tech Giant Oracle – What This Means for Bitcoin and Blockchain Industry
TikTok, the multibillion-dollar video sharing platform popularized by millennials and Gen Z, has chosen Oracle Corporation as its tech partner over Microsoft.
Trump's National Security Council Sees DLT as Critical Weapon in US-China Tech War
The United States National Security Council has named distributed ledger technology (DLT) as one the most critical focus areas in its tech war with China and Russia.
Amazon and Tech Mahindra to Create Blockchain-Based PPE Supply Chain Solutions
Indian based technology company Tech Mahindra announced today that it has partnered with U.S based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain.
Sri Lanka’s Central Bank Shortlists Three Tech Firms to Develop Blockchain PoC for KYC Optimization
The central bank of Sri Lank has selected three tech companies to develop a proof-of-concept for shared know-your-customer platform using blockchain.
Third Co-Founder of Centra Tech Pleads Guilty for $25 Million ICO Fraud
It has recently been announced that the third co-founder of Centra Tech has agreed to plead guilty for his role in the $25 Million Initial Coin Offering (ICO) Scam his cryptocurrency firm was involved in.