China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national […]
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As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’ PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries […]
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Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second. Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin. Vitalik says the transition will not be instant “ETH2 scaling for data will be available before ETH2 […]
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Experts from the Bank of Canada have released their thoughts on how a digital dollar should be available to all Canadians. A digital Canadian dollar should imitate traditional banknotes in terms of availability and accessibility, according to staff from the country’s central bank, the Bank of Canada. In an analytical note on June 30, experts […]
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A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users. June 25, a new class action was filed in California against fintech startup Plaid, which was acquired by Visa for $5.3 billion earlier this year. The plaintiffs allege that […]
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There have been several significant movements forward for digital assets, and there are more to come. Here’s what to keep an eye on. The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for […]
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The co-founder of the Infraud Organization pleaded guilty to racketeering charges before a U.S. District Court in the District of Nevada. A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which […]
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Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, […]
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Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club. A Russian hacker was sentenced to nine years in prison by a U.S. court on June 26. The hacker, Aleksei Burkov, was previously considered to be of personal interest by Russian President, Vladimir Putin. Exclusive cybercrime […]
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Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart. On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange. […]
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