Search Results for: ICT

WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province.   Provincial officials have taken measures to grasp tighter measures to better control the outbreak, as the situation … Continue reading WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments

US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

While blockchain is promoted as being cryptographically secured as the underlying technology for cryptocurrency, exchanges that hold them are still prone to cyberattacks. Two Chinese nationals, Tian YinYin and Li Jiadong were sanctioned yesterday by the US Government for their alleged involvement in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange. Grand Jury … Continue reading US Court Indicts Alleged Lazarus Group Members in $250 Million Crypto Exchange Theft

Judge Denies Telegram's Appeal to Issue Grams to Non-US Entities, Says it's Too Late to Question SEC Jurisdiction

US Federal Judge P. Kevin Castel has denied Telegram’s request to issue its Gram tokens to overseas investors. Telegram had filed an appeal to last week’s ruling by a United Stated federal court in favour of the US Securities and Exchange Commission (SEC) which is prohibiting the issuance of Gram tokens for the time being. In the most recent turn in Telegram’s … Continue reading Judge Denies Telegram's Appeal to Issue Grams to Non-US Entities, Says it's Too Late to Question SEC Jurisdiction

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. With joint efforts between the Nanshan government and Huawei will explore FinTech solutions and development … Continue reading Huawei Secures Deal with One of China's Districts to Accelerate the Application of Blockchain Technology

Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown

The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’—will continue to cripple the markets long after the pandemic ends. Not yet fulfilling its anticipated safe haven status is Bitcoin, … Continue reading Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown

Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis

Researchers at the Oxford University Faculty of Law have published a blog post reporting they have observed an increasing trend of people moving their assets into crypto. The researchers cited the coronavirus pandemic as the main catalyst for the shift in investment behaviour. The recent phenomenon indicates that investors see crypto as a safe haven in … Continue reading Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis

Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time

With the much-anticipated Bitcoin halving just around the corner, pundits, investors, and traders are keeping a keen eye on this event because mining rewards will be slashed from 12.5 BTC to 6.25 BTC. Crypto trader TheMoonCarl tweeted that the number of non-zero Bitcoin addresses has now exceeded 30 million. Jumping on the Bitcoin (BTC) bandwagon … Continue reading Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time

Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery

Several crypto analysts and experts are bullish on the Bitcoin price after the halving event, which is expected to occur in a few days. Pantera Capital CEO and founder Dan Morehead commented on such matters. In an April 30 letter to investors, Morehead examined the year-to-date performance of Bitcoin before the May 12 halving in … Continue reading Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery

Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos

Argentina’s Financial Information Unit (FIU) has ordered stricter controls and monitoring into cryptocurrency transactions in the country to eradicate money laundering and other illicit activities.  Argentine newspaper El Cronista reported that the FIU, a government agency that is responsible for enforcing anti-money laundering laws and compliance, is looking to tighten its controls on cryptocurrency trading.  … Continue reading Argentina Orders Stricter Monitoring on Local Crypto Transactions Amid Battling the Flight of Devalued Pesos

Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

Bloomberg predicted in its recent report that Bitcoin’s price in 2020 could reach double of last year’s high of $14,000. It further suggested that adoption is the primary Bitcoin metric, and Bloomberg takes a positive outlook on this end. Looking at the trend during the previous Bitcoin halving event in 2016, the cryptocurrency seems to … Continue reading Bloomberg Predicts Bitcoin Price to Surge Past $20,000 in 2020, Doubling Last Year’s High

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