The three-year old Common Reporting Standard is uncovering offshore assets on a massive scale, highlighting cryptocurrencies as a potential alternative. The Organization for Economic Cooperation and Development, or OECD, reported on Tuesday how automatic reporting in 2019 helped uncover $11 trillion worth of assets in offshore accounts. The result came as the Common Reporting Standard, […]
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Lithuania might become one of the first countries to issue a CBDC — but there’s a catch. The Bank of Lithuania, or BoL, will launch a pre-sale of its CBDC, dubbed LBCOIN, on July 9, a representative for the central bank told Cointelegraph. The coin itself will be issued and sold on July 23. While […]
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Blockchain is a revolutionary technology swiftly disrupting many industries, and it could answer some of the most pressing efficiency concerns in the corporate world today. Digital technologies are entering every aspect of our life at a steady pace. However, according to predictions from Huawei in collaboration with Oxford Economics, the digital economy is expected to […]
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Algorand to provide creation of nonfungible tokens for the gaming industry within the Blockchain Game Alliance. An American blockchain technology startup, Algorand, has joined a major blockchain gaming association, the Blockchain Game Alliance, or BGA. Algorand, known for providing technology to a number of national digital currency projects, is now officially a BGA member. They […]
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Virtual hackathons may allow developers to solve technical problems and create new solutions, yet it’s not all easy going for these online events. Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, […]
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According to the latest report from Flipside Crypto, Chainlink is expected to spend $20 million more than Ethereum on ecosystem development this year. According to the latest report from Flipside Crypto, Chainlink is spending one million LINKs a month rewarding node operators, outspending Ethereum by a wide margin. Chainlink’s aggressive expansion The researchers observed that […]
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According to local reports, the blockchain-based system allowed constituents to decipher their own private votes or let third-parties do so. Russia’s blockchain-based voting system for the constitutional amendments had a vulnerability that reportedly made it possible to decipher votes before the official count. Constituents could decipher their own private keys According to research by Russia-language […]
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Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept for a shared Know Your Customer facility using blockchain. Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain. The project was initiated in […]
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While decentralized platforms provide a viable alternative to YouTube, Theta Labs’ Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives. However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind […]
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Public Mint wants its tokenized fiat currencies to power DeFi-like open financial applications. Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a […]
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