World Bank President Jim Yong Kim has stated that blockchain technology has “huge potential” that can help the organization “leapfrog generations of bad practice.” The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim […]
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Law enforcement agencies and the military could benefit from blockchain as much as financial institutions do. Blockchain-based systems’ decentralized nature makes for their formidable resiliency to the outsiders’ attempts to infiltrate or take down such networks. Governments, law enforcement agencies and even military leadership around the world seem to be embracing a more blockchain-friendly way […]
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Even as consumers conduct commerce and pay with taps and swipes, the Federal Reserve’s infrastructure underpinning payments could use a bit of modernization in a bid to support fast payments “for all,” Federal Reserve Governor Lael Brainard said in remarks made Wednesday (Oct. 3). To that end, the Federal Reserve is seeking public comment on […]
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Blockchain network developed by the government of Australia recorded 40,000 transactions per second. On Sept. 26, Australia’s National Science Agency (CSIRO), an independent Australian federal government agency responsible for scientific research, developed a blockchain network called Red Belly with the University of Sydney. They successfully conducted a pilot test on the Amazon Web Services (AWS) […]
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Crypto firm DigitalX Ltd. faces a claim in Australia’s federal court from clients it reportedly advised on an ICO investment. Crypto firm DigitalX Ltd. has been served with an Originating Application and Statement of Claim. The claim was filed by a group of DigitalX’s clients in Australia’s Federal Court, according to an official announcement published […]
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Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a cybersecurity firm. Its research found that the “total number of certificates for look-alike domains is more than 200 percent greater than the number of authentic retail domains.” To drive home the danger and […]
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Google announced on Wednesday new accreditations from the Media Ratings Council (MRC) across its ad products and updates to third-party measurement capabilities for Google and YouTube. The company says it is committed to industry standards to help marketers compare performance across ad sellers. MRC accreditations span across products. The company said it has gained […]
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Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC […]
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Whether at a traffic stop, purchasing age-restricted products or even boarding an airplane, consumers are used to reaching for their wallets when asked for identification. However, if digital driver’s license pilots — like those happening both in the United States and abroad — are successful, they might soon be reaching for their smartphones. In the latest Digital […]
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People in Australia will now be able to purchase Bitcoin and Ethereum at over 1,200 newsagents. The minimum purchase is $50 AUD, which must be made in cash, using an interface on an iPad mini available at each of the stores. Bitcoin.com.au launched the digital currency exchange service in 2016 and has been pushing out […]
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