The Financial Action Task Force wants the United Kingdom to “progress” with measures to formalize its domestic crypto economy. The Financial Action Task Force (FATF), an intergovernmental financial security body, has demanded the United Kingdom step up its cryptocurrency monitoring. According to a new report released Dec. 7, the country needs increased measures to prevent […]
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A member of the United Kingdom’s Parliament has declared that it should be possible to pay local authorities and utility providers in Bitcoin. A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s statements were reported […]
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South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan. South Korea’s government will spend 4 billion Korean won (KRW) (about $3.5 million) to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan. The development was reported by South Korean newspaper […]
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PayPal’s new blockchain initiative grants tokens to employees who participate in innovation-related programs and contribute ideas. Major global online payments system PayPal has launched a blockchain-based reward system for its employees. Financial news channel Cheddar reported on the platform launch Thursday, Dec. 6, citing PayPal’s director of innovation Michael Todasco. According to Cheddar, the program […]
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According to the Bitcoin Volatility Index as of yesterday, Dec. 9, volatility levels on the BTC-USD market have risen three-fold on the month. With all eyes on the crypto market mayhem and Bitcoin’s new year-to-date lows, the cryptocurrency’s soaring volatility levels remain underreported. According to the Bitcoin (BTC) Volatility Index as of yesterday, Dec. 9, […]
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An Indian government panel has reportedly proposed regulation making cryptocurrencies illegal via the Reserve Bank of India. An Indian government panel has reportedly suggested a new legal framework within the Reserve Bank of India (RBI) that completely bans cryptocurrencies in the country. English-language Indian media outlet CNBCTV18 reported on the framework on Dec. 6. The […]
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Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks. Facebook has listed five new blockchain-related jobs on its careers page within the past three weeks, two of which were first listed Dec. 5 and 6. The positions currently open for applicants are two software engineer roles, a data […]
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Chinese mining giant Bitmain will close its Israeli blockchain and AI development center, letting its 23 local employees go. Chinese crypto mining giant Bitmain is closing its development center in Israel and firing local employees, Israeli business news outlet Globes has learned Monday, Dec. 10. Bitmaintech Israel — founded in 2016 to explore the use […]
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South Korea’s Shinhan Bank wants to reduce human error in its processes as part of a multi-phase hook-up with blockchain technology. South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error. The initiative was reported by English-language daily news outlet The Korea Times […]
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Australia’s National Transport Insurance has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad. Australia’s National Transport Insurance (NTI) has announced it will trial a blockchain system to improve supply chain integrity for beef exports abroad, local transport industry magazine Fully Loaded ATN reports Dec. 10. NTI will […]
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