Australian government’s digital business plan includes $5M for blockchain

Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives.  Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government […]

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Blockchain will stay a buzzword until everyone unites behind one chain

Having the world use one distributed ledger will support technical uniformity, interoperability of applications and a more honest planet. Despite being, perhaps, the biggest tech buzzword of the last decade, blockchain technology has largely remained just that: a buzzword. While its best-known implementation, Bitcoin (BTC), has become a household name, the technology that underpins it […]

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David Guetta secures deal with crypto-centered VR platform

DJ David Guetta goes virtual. Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO. “In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy,” Sensorium Corporation’s Deputy CEO of IR, blockchain […]

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Kenya’s golf stablecoin highlights need for Africa-wide regulations

A stablecoin that will be used to pay entrance fees for the golfing tournaments of a Kenyan ‘entrepreneurs network’ has started testing under the local regulatory sandbox. YENTS, an unusual stablecoin developed by the Kenya’s Young Entrepreneurs Network (YEN), has entered into testing under the local regulatory sandbox. YEN, which organizes golfing tournaments to facilitate […]

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European central bank execs are wrong — Intentionally or unknowingly?

Banking will not become decentralized, but with blockchain, it will become accountable for both banks and clients. Recently, European central bank executives — Thomas Moser from Swiss National Bank and Martin Diehl from Deutsche Bundesbank — stated that central bank digital currencies don’t need a blockchain. They expressed their opinions by saying that blockchains — […]

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A minster’s look at regulation and innovation: A necessity to strike a balance

Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. Repeatedly, proponents of disruptive technologies have proven that regulation and innovation have an immense potential to actualize a mutually beneficial existence. The often delicate relationship between innovators and regulators — which may be mired by antagonism — is […]

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