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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. Quintenz started by saying that one of the main values that the Commission stands by is to “first do no harm, then be technology-neutral.” LabCFTC working with technologists, innovators, and the public … Continue reading US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy

Blockshow 2019: Todalarity Decentralizing the Global AI Synergy

Since the dawn of the fourth industrial revolution in the late 2000s, artificial intelligence (AI) has been one of the most discussed and misunderstood technologies. For many, it seems the term itself is too closely linked to popular culture and science fiction, causing unrealistic anxiety about AI replacing our human workforce as well as improbable … Continue reading Blockshow 2019: Todalarity Decentralizing the Global AI Synergy

Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

Following a cryptocurrency trading clampdown threat by China’s central bank, People’s Bank of China (PBoC), Bitcoin has seen losses of more than 10%. Its value has dropped below $7,000. This announcement has made other cryptocurrencies, such as Ethereum, to nosedive losing at least 12% of its value. Through a translation, the bank stated: “Once [cryptocurrency … Continue reading Stern Warning on Crypto Trading by the China's Central Bank Prompts Bitcoin Bears

A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services

Hong Kong’s currency board and de facto central bank, Hong Kong Monetary Authority (HKMA), introduced the virtual banking license in 2017 for a “new era of smart banking.” Since then, there have been eight licenses granted, one of which includes SC Digital Solutions Limited, the Virtual Bank by Standard Chartered (official name to be revealed), … Continue reading A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services

How is CoinMarketCap Combating Fake Crypto Trading Volumes with its New Liquidity Metric?

Crypto data aggregator, CoinMarketCap (CMC), held its inaugural large-scale event, The Capital, bringing together leading stakeholders in the blockchain and cryptocurrency space. Held at the Victoria Theatre in Singapore on Nov. 12-13, CMC released its new metrics for assessing liquidity for the industry to solve the problem of volume inflation caused by crypto exchanges and market makers. Blockchain.News sat … Continue reading How is CoinMarketCap Combating Fake Crypto Trading Volumes with its New Liquidity Metric?

Crypto Investors Unable to Access Their Money: 8 Things to Consider Before Investing in Cryptocurrency

The New York Times recently announced that the US and Canada crypto investors are unable to access their money amounting to $250 million. This drama started after the founder of Quadriga CX cryptocurrency exchange –Gerald W. Cotten – was reported dead. The shocking revelation leftinvestors finding themselves unable to retrieve money in their accounts. The company’s operations were encrypted, and … Continue reading Crypto Investors Unable to Access Their Money: 8 Things to Consider Before Investing in Cryptocurrency

China’s Low-Cost National Blockchain Service Network to Launch in April

The Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network. Tang Sisi, the Deputy Director of the Smart City Development Research Center of the State Information Center said that the BSN will … Continue reading China’s Low-Cost National Blockchain Service Network to Launch in April

Consensys Report: CBDC are Risk-Free Compared to Facebook Libra

Throughout 2019, Central banks around the world announced that they would be exploring the development and issuance of central bank digital currencies (CBDC). In a recent white paper entitled Central Banks and the Future of Digital Money—Consensys offers an insightful and practical overview of the potential and risks of CBDC. The research paper also offers … Continue reading Consensys Report: CBDC are Risk-Free Compared to Facebook Libra

Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

Mox Bank Limited, or Mox, will be the name of the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT, and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.” In today’s … Continue reading Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox

US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens

As markets across the globe continue to feel the crunch of economic disruption caused by the coronavirus pandemic, debate has raged over a massive stimulus package being proposed in the US which could see the IRS send up to $2000 a month to all US citizens until the recession takes a turn for the better.According to … Continue reading US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens