Due to the uncertainty surrounding the global financial sector at the moment, experts are still not sure of the impact that the upcoming halving will have on Bitcoin’s value. Over the course of the past month, the crypto world has understandably been abuzz with talks of the upcoming Bitcoin (BTC) halving event that is scheduled […]
Continue ReadingTech firm MVC Global and logistics firm Cox Logistics Group will launch a SmartHub warehouse to improve the distribution of pharmaceuticals across the Gulf region. Bahrain-based tech startup MVC Global and logistics firm Cox Logistics Group will jointly launch a so-called SmartHub logistics warehouse to improve the distribution of pharmaceuticals across the Gulf Cooperation Council. […]
Continue ReadingThe COVID-19 pandemic has revealed the necessity for a brand new reserve currency, and it is time for crypto. The ongoing COVID-19 pandemic has brought into focus the need for international cooperation and support. Coupled with a crumbling economy, it’s shown us that now is the time for a modern, accessible reserve currency. However, markets […]
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As the UAE’s deadline for its nation-wide blockchain revamp looms, DLT is becoming embedded in everyday life. The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of all government transactions onto distributed ledger technology-based platforms. Cointelegraph spoke to Leon Smith, the CEO of Dex — an Abu Dhabi-based crypto firm […]
Continue ReadingEtana Custody, a firm that services Kraken with fiat funding, has reported a breach in which no user funds were impacted. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company […]
Continue ReadingWith new laws on digital assets taking effect soon in Japan, a bitFlyer subsidiary started offering consulting on blockchain technology. One of the largest cryptocurrency exchanges in Japan and one of the biggest Bitcoin brokers worldwide just announced their blockchain arm would be starting consulting services to address requests from new businesses on blockchain technology. […]
Continue ReadingSwitzerland’s “crypto valley” is in talks with the federal government for setting up a 100 million Swiss franc ($102.7 million) fund for helping the fintech companies. Switzerland’s “crypto valley”, a fintech friendly region near Zurich, is seeking a 100 million Swiss franc ($102.7 million) fund from the federal government. This fund is allocated to bail […]
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These crypto firms are joining the fight against COVID-19. Will this move highlight the benefits of cryptocurrencies and establish the industry? All over the world, doctors, nurses and medical resources are strained as the fight against the coronavirus continues. In response, many charitable organizations and philanthropists from various industries have come forward to offer their […]
Continue ReadingThe world has dramatically changed and traditional finance instruments such as venture capital funds have to adjust to a new reality. Shocking as it may sound, the venture capital industry is built on the idea that it doesn’t really matter if most of the companies they fund lose money or go belly-up. Could this be […]
Continue ReadingBIS Innovation Hub head asserted the decline of cash use amid the pandemic has renewed the pertinence of bank-issued digital currencies. Benoît Cœuré, the head of the Bank for International Settlements Innovation Hub, recently asserted that central bank digital currencies, or CBDCs, have been brought “into sharper focus” amid the coronavirus pandemic. Speaking during a […]
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