Square is launching a consortium to pool patents and democratize access to innovative blockchain technologies Square, the U.S.-based financial services company headed by Twitter’s Jack Dorsey, is establishing a consortium to fight patent trolling and ensure open access to technology in the crypto sector. The ‘Cryptocurrency Open Patent Alliance’ (COPA) seeks to democratize access to […]
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Standard Chartered Bank has launched the first remittance service in Bangladesh. The South Asian nation of Bangladesh will soon get its first blockchain remittance system that will allow Bangladeshi expats in Malaysia to instantly transfer wage remittances to their home country. According to a report from The Business Standard, the British national banking service firm […]
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China’s Ant Group is prepping for the largest IPO in history. Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has filed an Initial Public Offering, or IPO, in Hong Kong and Shanghai. Managed by Alibaba co-founder Jack Ma, Ant Group is targeting a valuation of about $226 billion, based on a target IPO […]
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What are CBDCs and the risks they possess, and how might they reshape our economies? Central bank digital currencies are a digital representation of a country’s fiat currency. They are effectively a government-issued cryptocurrency designed to replace the traditional, physical form of fiat currencies. The term CBDC is broad because its implementation involves several critical […]
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Cybersecurity researchers now expect future cryptojackers to mimic this worm’s ability to hack Amazon Web Services credentials. Cybersecurity researchers have detected what they believe to be the first ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials. The mining campaign was described as being relatively unsophisticated by Cado Security in their report […]
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Asian countries have found ways to use blockchain amid the pandemic. The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the […]
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State-owned commercial banks in China are reportedly testing a wallet for the country’s forthcoming digital yuan. A group of state-run commercial banks in China are reportedly conducting a large-scale internal testing of a digital wallet designed for China’s national digital currency, the digital yuan. According to an Aug. 5 report by Reuters, the banks are […]
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China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector. The People’s Bank of China is purportedly planning to use its digital currency electronic system (DCEP) — another moniker for its central bank digital currency — to target the dominance of […]
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At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies. A Reuters report published on […]
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Huawei strengthens its blockchain adoption campaign by applying for new storage-based Blockchain patents. Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods. According to the Chinese corporate database, Tianyancha, […]
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