A conscientious look over the last few centuries would reveal that the brief history of the United States is riddled with national credit defaults. From the Funding Act of 1790 to the collapse of the Bretton Woods system in the 1970s – in all these instances, the people, businesses and Allied nations that relied on … Continue reading Blockchain: The Trust Alternative to the History of US National Credit?
Egypt’s biggest and oldest bank, the National Bank of Egypt, seeks to revamp its inward remittances with blockchain technology. As a result, the bank has entered a partnership with Ripple to use its blockchain-powered payments network RippleNet to offer cost-friendly and quicker cross-border payments. The National Bank of Egypt to expand its dominance with blockchain … Continue reading National Bank of Egypt Delves into Blockchain-Powered Inward Remittances with Ripple Partnership
The Republic of the Marshall Islands (RMI) has revealed that the blockchain for the world’s first sovereign digital currency will be built using Algorand’s technology. Plans for the Marshallese Sovereign (SOV)were first announced in February 2018 following a vote by the nation’s parliament in favour of proceeding with the plan. Regulation and Supply SFB Technologies is the … Continue reading World's First National Digital Currency to Be Built on Algorand
The US Department of Justice has sentenced two Canadian nationals to two years in the US federal prison for using a fake Twitter account to steal Bitcoins from an innocent US victim According to the statement shared by the US Department of Justice, on March 17, 24-year-old Jagroop Singh Khatkar and 23-year-old Karanjit Singh Khatkar … Continue reading Two Canadian Nationals Face Two Years in US Prison for Alleged Bitcoin Fraud
Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic. The Venezuelan government is determined to take the coronavirus pandemic as an opportunity to boost the adoption of its national cryptocurrency in the country. … Continue reading Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption
The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.” The committee would be made up … Continue reading Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards
New research conducted on behalf of the Bank for International Settlements indicates that contrary to popular belief, the Bitcoin price and other cryptocurrency prices respond very positively to news of incoming regulations,when they are clear. The Dallas Federal Reserve Bank’s Globalization Institute recently published a working paper by researchers from the Bank for International Settlements … Continue reading How Does Cryptocurrency Regulation News Affect the Bitcoin Price? Bank Of International Settlements Research Reveals
The Libra Association has welcomed a new member, Heifer International, a nonprofit organization aimed to tackle world hunger and poverty. The addition of Heifer International brings the tally of members in the Libra Association to twenty-three. Around 780 million people in the world live in extreme poverty and spend less than $1.90 per person per … Continue reading Libra Adds New Nonprofit Member Heifer International to Tackle World Hunger and Poverty After Enduring Months of Regulatory Scrutiny
International Chamber of Commerce (ICC) has partnered with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status. People to get back on their feet By availing a tamper-proof … Continue reading International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status
Beliani, a European online home accessory and furniture seller, has secured a partnership with BitPay, a US-based bitcoin payment service provider, to allow buyers make purchases using cryptocurrencies, such as Bitcoin, Ripple, Ether, and Bitcoin Cash, as well as dollar-pegged stablecoins like USD Coin (USDC). According to the release shared with Blockchain.news, this approach will … Continue reading Bitpay Announces the First Large Online International Furniture Brand to Go Live