All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June. The real time payments are available since 2017. However, only half of the banks in the eurozone have adopted the technology and it is mainly used for domestic payments. Now, the adoption … Continue reading Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020
Reportedly Malaysia’s Prime Minister Dr Mahathir Mohamad indicated that he is agreeable to a single currency for the East Asian region backed by gold but critically it would not become the national cash of any current nation. Speaking recently in Tokyo at the 25th International Conference on The Future of Asia he stressed that the … Continue reading Malaysia’s Prime Minister Seeking a New Gold Standard
In driving financial inclusion and FinTech adoption in emerging markets, Ray Youssef, CEO of Paxful explains the key challenges in Bitcoin adoption in Africa and the strategies penetrating into the African markets. We are glad to have an in-depth interview with Ray, on Paxful’s strategies into Africa and Latin America. He also explained the biggest … Continue reading Exclusive: Bitcoin – The Killer App in Africa and Latin America?
Blockchain investment dropped 60% from a record 4.1 billion in 2018 to 1.6 billion this year, according to the findings of CB Insights reported on 18 July. Blockchain’s meteoric rise slowed in 2019 Source: CB Insights As seen in from the graph above, traditional venture capital firms invested $784 million into blockchain companies in 227 … Continue reading Blockchain Investment Dropped 60% in 2019 despite Bitcoin's Bullish Run
The New York Times made an announcement regarding their new project by their research and development team focused on experiments using blockchain. They are finding a solution to combat misinformation, adulterated media issues that harm publishers. This solution can be used by the media industry globally in the future. Their News Provenance Project plans to … Continue reading New York Times Experiments with Blockchain to Combat Fake News
The Indian Supreme Court has set a new date to hear the crypto case, which was originally scheduled for July 23. The purpose of the hearing was to address the writ petitions against the central bank’s crypto restriction. On July 24, the court announced a tentative date postponed to Aug 2, however, they later updated … Continue reading India’s Crypto Bill Hearing Postponed by Supreme Court
The United States Department of Defense (DoD) is considering implementing blockchain technology to enhance its cybersecurity. In the publication titled “DoD Digital Modernization Strategy: DoD Information Resource Management Strategic Plan FY19-23,” outlined the roadmap to implement and support the National Defense Strategy through the lens of cloud, artificial intelligence, command, control and communications, and cybersecurity. … Continue reading United States Department of Defense Tests Out Blockchain Technology to Enhance Cybersecurity
Cryptocurrencies have become increasingly popular in the adult entertainment industry, as it can guarantee a high level of anonymity to its users, especially for pornography-related businesses. Anonymity and Privacy Many adult entertainment websites have created new ways users will be able to protect their identity details through crypto payment systems. In a research conducted by the studio VogoV last … Continue reading Crypto for Sex: Blockchain Takes Off in the Adult Entertainment Industry
Facebook’s Libra drew fire as Senator Sherrod Brown likened it to the 2008 subprime mortgage fiasco. Yahoo Finance has conveyed Senator Brown’s fierce sentiments about Libra as he recalled bankers proposed the innovative product that they deemed to be a game-changer. This would, however, not be the scenario as subprime mortgages instigated a turmoil. The … Continue reading Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
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