China is reportedly looking into the application of blockchain to cross-border financing, with particular attention devoted to risk management applications. China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports on Oct. 27. Blockchain in risk management Lu Lei, the deputy head of the Chinese regulator State Administration […]
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As crypto regulation is accepted in UAE blockchain projects could stand to benefit. The Securities and Commodities Authority (SCA) in the United Arab Emirates has drafted a resolution on regulating crypto assets, providing greater clarity for crypto-related projects in the Middle East nation. With the focus usually on China, Japan or the United States, the […]
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China has passed the first-ever law specifically aimed at regulating cryptography and password management taking effect on Jan. 1, 2020. The Standing Committee of the 13th National People’s Congress in China has passed a new law regulating cryptography on Oct. 26 that will take effect on Jan. 1, 2020, reports local news outlet CCTV. Per […]
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In a historic appearance before a U.S. House committee, the Facebook CEO didn’t say too much new about Libra. On Oct. 23, Mark Zuckerberg, founder and CEO of social media platform Facebook, appeared before the U.S. House Financial Services Committee to testify on the prospective global cryptocurrency Libra, which his company is backing. He ended […]
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WeChat Pay stores payment receipts on the blockchain, says Binance CEO. Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had “got word” that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a block explorer. Why does CZ care so […]
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China’s Xi calls blockchain technology an important breakthrough for independent innovation, urging to accelerate its development. China’s President Xi Jinping has called for the country to accelerate its adoption of blockchain technologies as a core for innovation. Xi made the comments at a Politburo Committee session on blockchain technology trends on Oct. 24. Blockchain adoption […]
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FSA-licensed crypto exchange Huobi Japan has raised $4.6 million from Financial Products Group, a financial instruments business operator. Licensed crypto exchange Huobi Japan has raised 5 million yen ($4.6 million) from Financial Products Group (FPG), a financial instruments business operator. The development was revealed in a press release shared with Cointelegraph on Oct. 25. Future […]
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Twitter and Square CEO Jack Dorsey says “Hell no” to the question of whether Twitter would ever join Facebook’s Libra project. Jack Dorsey, CEO of Twitter and Square, made it crystal clear that Twitter will never join Facebook’s Libra project. “Nothing within Libra had to be a cryptocurrency” On Oct. 24, per a Twitter thread […]
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Cointelegraph assesses what we learned at the U.S. House Financial Services Committee’s hearing with Mark Zuckerberg on Wednesday. Yesterday, Oct. 23, Cointelegraph reported from the United States House of Representatives as the Financial Services Committee questioned Facebook CEO Mark Zuckerberg for over six hours. While focused on the Libra Association and its planned Libra token, […]
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Rethinking the web for its next 30 years: A new, open-source model of decentralization and sustainability. The web has arguably been the biggest driver of economic and technological innovation in the 30 years since its invention. It has not only lowered barriers to publishing information and accessing that information, it has also changed peer-to-peer communication, […]
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