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Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

The Hong Kong Monetary Authority (HKMA) started exploring blockchain technology with the whitepaper on distributed ledger technology (DLT) in Nov 2016. Since then, the HKMA has been actively leveraging blockchain into trade finance including eTradeConnect, Global Trade Connectivity Network, and we.trade. What is the role of Deloitte Blockchain Lab in these initiatives? We were delighted to interview Dr. Paul Sin, leader of the Deloitte … Continue reading Exclusive: Deloitte Blockchain Lab on the Three Areas of Collaborations with HKMA

Bangladesh Sends Graduates Abroad for Blockchain Training with IT Fund

In an effort to increase the level of expertise in the field of distributed ledger technology, the government of Bangladesh has expressed its intentions to send 100 new graduates for blockchain training in Japan and India according to the report by Bangladesh’s English-language newspaper The Daily Star on Aug. 4. The country also plans to … Continue reading Bangladesh Sends Graduates Abroad for Blockchain Training with IT Fund

CertiK Announces the Completion of British Pound Backed Stablecoin on Binance

In a report by a blogging site, CertiK had announced it had completed an audit on the British pound backed stable coin on the biggest cryptocurrency exchange platform Binance, the BGBP. In an interview with Bloomberg some weeks ago the CFO of Binance Wei Zhou, had given hints about the exchange’s plan to issue its own stable … Continue reading CertiK Announces the Completion of British Pound Backed Stablecoin on Binance

Zambia SEC Warns Crypto Enthusiasts About Making Investments in Onyxcoin Cryptocurrency

The Securities and Exchange Commission in Zambia has issued a statement warning the general public that the creator of OnyxCoin Kwakoo is in no way a licensed investment advisor and should not solicit funds from within or outside the country. The CEO of the commission was reported to have made this statement as relayed by … Continue reading Zambia SEC Warns Crypto Enthusiasts About Making Investments in Onyxcoin Cryptocurrency

Tether Plans to Issue Stablecoin Backed by Chinese Yuan

Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.   Zhao Dong’s digital banking business, RerenBit will be supporting CNHT’s trading and deposit services as soon as it is launched.       Zhao also confirmed that he … Continue reading Tether Plans to Issue Stablecoin Backed by Chinese Yuan

The ECB Expresses Concerns on Regulating Stablecoins

Due to the lack of regulation of stablecoins, concerns have been conveyed by the European Central Bank (ECB) despite stablecoins with a clear governance framework.      The ECB issued a report regarding stablecoins and describes stablecoins as “digital units of value that are not a form of any specific currency (or basket thereof) but rather, by relying on a set of stabilization tools,” which … Continue reading The ECB Expresses Concerns on Regulating Stablecoins

Demand for Blockchain Courses Available at 56% of the Top 50 Universities

Cryptocurrency trading platform Coinbase brought to light  new research highlighting 56% of the top 50 universities now offering one or more classes on cryptocurrency and blockchain technology. The study was shared through their official blog post, which was based on the current rankings published on US News and World Report, inclusive of both undergraduate/ graduate programs.   … Continue reading Demand for Blockchain Courses Available at 56% of the Top 50 Universities

McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues

In August 2019, McAfee Lab released a threat report with conclusive statistics stating cryptojacking being an area of concern. Within the Q4 of 2018 and Q1 of 2019, crypto-mining malware campaigns spiked up to 29%. McAfee added that the campaign was non-selective with both macOS and Windows at spotting the rise in the selected attacks.  Interactive command … Continue reading McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues

Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar

In recent days ago, the UK Central Bank Boss, Mark Carney, made a revelation, which sparked interest in me to ask how could that phenomenon happen. The Bank of England governor sees digital currency as soon displacing the US dollar as global hedge currency. I believe this could become a reality as the digital currency … Continue reading Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar

Franklin Templeton to Enable Money Fund Shares on Stellar Network

Global investment fund Franklin Templeton Investments filed a preliminary prospectus with the United States Securities and Exchange Commission (SEC) for a money market fund where shares would be recorded and tokenized on the Stellar Network.       Franklin Templeton Investments is based in California, ranking in the top 35 in terms of mutual fund managers, and has over … Continue reading Franklin Templeton to Enable Money Fund Shares on Stellar Network

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