Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia’s primary sector. Blockchain Australia deputy chair Rob Allen moderated […]
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DAML smart contract language is now used for digital bonds. Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology. As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond […]
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Australian government report on the future of fintech and regtech suggests blockchain technology is critical to Australia’s future The Australian government’s Senate Select Committee on Financial Technology and Regulatory Technology has released a draft report citing blockchain technology more than 50 times. The report is in response to Australia’s first recession in 30 years as […]
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A Wikipedia page on Australian blockchain firm Power Ledger bites the dust. Anti-crypto activist David Gerard — author of Attack of the 50-Foot Blockchain — has once again used his influence as a senior Wikipedia editor to remove a blockchain related entry about Australian firm Power Ledger. In his latest blog posting, the Wikipedia editor […]
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Can MIT help the U.S. catch up to China in the CBDC race? The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph: “We’re trying to build a high throughput, low latency […]
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As the tech standoff heats up, China launching a CBDC before the U.S. “absolutely does not guarantee global financial preeminence.” Two nations, two visions of the financial future: “The tech cold war is here — and the US isn’t winning,” wrote Ripple co-founder Chris Larsen in an opinion piece for The Hill recently. According to […]
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Companies like Visa and Mastercard are taking an interest in crypto startups to drive growth, but does this challenge the fundamentals of crypto? Financial services giants Visa and Mastercard have shown an increased interest in the trillion-dollar digital payment sector through their recent acquisitions of innovative fintechs. In January this year, Visa acquired fintech firm […]
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Binance is now an official blockchain advocate in Europe alongside Ripple. Blockchain for Europe, a major European association advocating for the balanced regulation of the blockchain industry, has welcomed the world’s largest cryptocurrency exchange. Binance, the biggest exchange by daily trading volume globally, has joined Blockchain for Europe, the association announced on Sept. 3. By […]
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Authorities in the canton of Zug now embrace cryptocurrency for tax settlement. The Swiss canton of Zug is making it easier to imagine a world in which cryptocurrency users are resolutely in the mainstream. The canton — which has earned itself the moniker of “Crypto Valley” for its positive stance towards cryptocurrencies — will begin allowing […]
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A cybercrime group named ‘John Wick’ has taken responsibility for the attack. Hackers took over one of the Twitter accounts linked to Indian Prime Minister Narendra Modi and posted messages asking his followers to make crypto donations. According to a report from news outlet India Today, Modi’s Twitter account narendramodi_in, which is associated with his […]
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