A subsidiary of Chinese insurance holding Ping An Group will create a boutique bank backed with AI, blockchain, and big data. Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the […]
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Peru’s central bank has tweeted about potential crypto risks, such as high volatility and frauds, amidst the recent crypto market slump. Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16. In its recent post, the Peruvian central bank […]
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The Spanish Ministry of Finance will investigate crypto investors to avoid tax fraud activities, with 15,000 taxpayers currently under investigation. The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19. Under the auspices of Hacienda, Spain’s […]
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sponsored A blockchain network which claims to be faster and cheaper than ERC20 aims to help businesses sculpt “absolutely unique tokens with exclusive features.” A new blockchain platform believes it is a “more attractive and accessible destination” for hosting tokens than the likes of Ethereum’s ERC20 platform, as it gives developers the support they need […]
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The Bank of Thailand’s governor says that developing countries will take some time to switch to using digital currency. The governor of the Bank of Thailand (BoT) has said that it will take three to five years for countries to switch from using cash to using digital currencies. The bank governor’s comments were reported by […]
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Software company Autodesk CEO said that blockchain can help combat corruption in the construction industry. American software corporation Autodesk CEO Andrew Anagnost said that blockchain could fight corruption in the construction industry, finance and investment news outlet the Australian Financial Review reported Nov. 19. Founded in 1982, Autodesk manufactures software for the construction, architecture, media, […]
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The director of Citizen Participation of the Catalan government claimed that the authority is considering the use of blockchain in its e-voting system. The head of the Catalan government‘s citizen participation council states that the authority is considering blockchain for the community’s voting system, Spanish daily newspaper La Vanguardia reports Monday, Nov. 19. Earlier in […]
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Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative. A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still […]
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Following slight signals of recovery yesterday, crypto markets experience another dramatic fall, dragging Bitcoin below $5,000. Monday, Nov. 19: after showing some signs of recovery yesterday, Nov. 18, cryptocurrency markets experience another dramatic fall. Bitcoin (BTC) dipped below the $5,000 mark, with some of the top 20 coins falling by as much as 20 percent […]
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IBM and Columbia University have announced two blockchain accelerator programs that will provide expertise and resources to help startups in the space innovate at scale. IBM and Columbia University have announced two blockchain accelerator programs that aim to help startups in the space innovate at scale, according to an IBM news release Nov. 19. Both […]
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