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Will Distributed Ledger Technology and Cryptocurrencies Ever Lead to the Extinction of Banks?

Before banks ever came into existence, humans have always looked for ways to carry out transactions amongst themselves, the infamous barter system as we all know it happened to be the first approach to man’s discovery into the world of transactions. As time went on, we began to evolve by inventing a means of exchange and store … Continue reading Will Distributed Ledger Technology and Cryptocurrencies Ever Lead to the Extinction of Banks?

India’s Telangana State Keeps the Ball Rolling with Blockchain-Centered Incubator

The administration of Telangana, a Southern Indian State, has announced the set of a startup incubator for blockchain technology developers. As reported by The Times of India on Feb 4, the incubator progam will be established in collaboration with reputable educational institutions in the state, such as IIIT-Hyderabad and the Indian School of Business.  Telangana’s … Continue reading India’s Telangana State Keeps the Ball Rolling with Blockchain-Centered Incubator

FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.    Jamal El-Hindi, the Deputy Director of the FinCEN spoke at the SIFMA twentieth Anti-Money Laundering (AML) and Financial Crimes Conference in New York. Along with the agency’s publication, these social media companies have been warned that … Continue reading FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions

Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

Amid the coronavirus epidemic that has been ravaging China, there have been concerns raised about how this would affect the growth of technology within the region. The country has since turned to the use of blockchain technology to keep track of the supply of virus prevention materials, manage medical data, and in getting public opinion. … Continue reading Blockchain Increasingly Leveraged by China to Combat Coronavirus Outbreak

Could Blockchain Increase Diversity in the Way Films are Nominated for the Academy Awards?

The film awards season has finally passed for the year and a look back over the last few weeks, unfortunately, uncovers lingering problems with diversity among the nominations for both the BAFTAs and the Academy Awards (Oscars). Despite a push for inclusion following the #OscarsSoWhite boycott of 2015, there was uproar in the entertainment community as … Continue reading Could Blockchain Increase Diversity in the Way Films are Nominated for the Academy Awards?

Coinbase Becomes the First Crypto Firm to Be Awarded Visa Principal Membership

The Coinbase cryptocurrency exchange is now a principal member of the credit card giant Visa. This will allow the San-Francisco based crypto exchange firm to issue debit cards without the reliance on third parties. By becoming a Visa principal member, the crypto firm will be able to offer additional services. Principal members of Visa are … Continue reading Coinbase Becomes the First Crypto Firm to Be Awarded Visa Principal Membership

Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

Financial Secretary of Hong Kong, Paul Chan been under intense pressure from lawmakers to dip into the government’s fiscal reserves to help the city get out of an economic slump. After months of anti-government protests and the emergence of the coronavirus epidemic, Hong Kong residents aged over 18 will receive a cash handout of HK$10,000. … Continue reading Hong Kong's 2020 Budget: Digital Assets May be Incorporated into Regulatory Framework but not Blockchain

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. China’s 2019 blockchain zone development report placed the city of Loudi at 17th among domestic … Continue reading China Establishes First-Ever Blockchain Zone in Central Province of Hunan

Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

The US state of Wyoming has recently amended its insurance code that will allow local insurance companies to invest in digital assets like cryptocurrencies.  The new amendment will only include insurance companies operating within the state. This important announcement is set to drive institutional money from local insurance into the cryptocurrency market. The state sees … Continue reading Wyoming State Says Cryptocurrency Represents Property, Allows Insurers to Include Digital Assets in Investment Portfolios

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). Disruptive technology and innovation have made its way to the financial services sector, specifically … Continue reading World Bank Pushes to Raise the Bar for FinTech and DLT for Cross-Border Interoperability and Financial Inclusion

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