The debate on Facebook’s Libra continues with the hearing with the Senate Banking Committee (“Senate hearing”) on 16 July and the United States House Committee of Financial Services (“House hearing”) on 17 July. Here are the 7 key takeaways from the two hearings. Libra is centralized Regulators believed that the composition of the Libra Association … Continue reading What are the 7 Key Takeaways from Facebook's Libra Hearings?
People’s Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency. In July, former PBoC governor Zhou Xiaochuan warned that China must take precautions against Libra and must compete against them. The PBoC started to research on digital currencies as Bitcoin became increasingly popular. Huawei’s CEO Responds to … Continue reading China’s Central Bank Accelerates R&D of its Legal Digital Currency
The digital advertising ecosystem is not a great place. Whereas the growth in digital booms, the key members of the ecosystems (publishers and advertisers) are powerless and frustrated in an increasingly apparent reality – digital advertising encounters a transparency problem. In the modern age where measuring the performance of advertising campaigns is necessary, marketers are unable to … Continue reading Sky, O2, And Unilever Enter Blockchain Project for Digital Advertising Transparency
Kakao’s Co-Chairman, Yeo Min-soo, said that the company is planning to launch its cryptocurrency wallet called Klip in the first quarter of 2020 in his speech during the Klaytn Governance Council Summit in Seoul. Klip will allow users to store their Klay, Klaytn cryptocurrency, and Klaytn-based cryptocurrencies, which will be available for use in various … Continue reading Kakao Plans to Launch Crypto Wallet in the First Quarter of 2020
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. The epicenter of the pandemic, Wuhan, has eased its lockdown measures and … Continue reading China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides
At the 2020 second Bund Financial Summit held in Shanghai by the China Finance 40 forum, Vice President Qishan Wang, along with Governor of Chinese central bank Gang Yi, former Chinese central bank governor Xiaochuan Zhou, Alibaba founder Jack Ma and other celebrities from political and business circles delivered speeches. During Qishan Wang’s speech, he first gave an overview of the … Continue reading China's Vice President Wang Qishan: World Economy In Deep Recession, Finance Is The Core of Modern Economy
The United States Air Force (USAF) has tapped the services of Constellation Network to build a secure data infrastructure using blockchain technology to help secure the data sharing processes with its commercial partners. According to the issued press release, Constellation will be deploying its blockchain protocol Hypergraph Transfer Protocol (HGTP) to provide end-to-end data security … Continue reading Constellation Network to Provide Blockchain Security for US Air Force's Data Sharing Needs
Oman Investment Authority disclosed on Wednesday that it bought an equity stake in Crusoe Energy Systems Inc. Crusoe is a U.S software firm based in Denver whose mission is to help the oil industry reduce routine flaring of natural gas. In April, Oman’s sovereign wealth fund participated in the $350 million equity round that Crusoe … Continue reading Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe