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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The crypto market as a whole has made tremendous strides monetarily, even though Bitcoin’s price has so far failed to meet the lofty expectations. As whispers of Bitcoin’s (BTC) promised financial breakthrough failing to materialize over the last few months have continued to garner steam, the price of the premier crypto asset recently surged above […]
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Was Yam Finance’s short-lived rebasing project a useful economic experiment or just another scam? The crypto community is divided. There are some decentralized finance projects that make flash loans; Yam Finance (YAM) was a DeFi project that made a flash appearance. YAM, which initially described itself as a “minimally viable monetary experiment,” launched on August […]
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With the global COVID-19 pandemic redefining how people work and learn, the possibility of an increase in ransomware attacks is very high. The new work-from-home culture is gaining more traction than ever before as businesses, government departments and schools try to remain afloat while flattening the pandemic curve. This migration to remote working is a […]
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New details reveal the unusual strategies employed by ransomware negotiators in a recent attack on the University of California. Details of a week-long negotiation between the University of California and a NetWalker ransomware gang have been revealed by Bloomberg. The University’s School of Medicine was working on a vaccine for Covid-19 in June this year […]
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South Korean tourist island tries to stay open and safe with blockchain technology. Jeju Island, a southern island in South Korea, is one of the most popular tourist destinations for Koreans and has about 15 million visitors annually. It now requires those visitors to use a decentralized identity (DID) blockchain technology based app that claims […]
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The global economic transformation now faces the main question: What to choose — centralization or decentralization? A global pandemic, massive and worldwide protests, job automation, environmental issues and geopolitical tensions are just a few of the challenges facing humanity today. Amid the chaos, keystone global institutions and bureaucrats have openly discussed the present day as […]
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Turkish are losing faith in its local fiat currency, with confidence in the lira falling 20% this year. Rampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and buying gold. Even with market interventions and […]
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“Determing Bitcoin’s potential future value” instead of just solo “value.” Determining Bitcoin’s (BTC) value can be more complicated than simply looking at its current market price. “Most Bitcoins already cost at least $100,000, but probably more like $10 million,” said Michael Goldstein, also known as Bitstein, in an Aug. 17 tweet. While Bitcoin sits around […]
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IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator. TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched […]
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