The digital ruble will, most likely, take the place of other forms of money, but the intrigue is which ones: non-cash or cash? Active digitalization of large domestic financial institutions is a noticeable, definitely positive trend. Russia is one of the five world leaders in the speed of transition to cashless payments, and the number […]
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Tied in with a national shopping event, the trial will add “offline” and “touch” functionality. The Chinese city of Suzhou will be the second to roll out a “red envelope” trial for the forthcoming digital yuan, according to a report in local media outlet The Paper. Following the successful pilot scheme run in the city […]
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“Being your own bank” doesn’t have to be hard — here’s a few hints on how to do it right As the cryptocurrency market is in the midst of a major bull run with Bitcoin (BTC) approaching its all-time highs, the security concerns of cryptocurrency self-storage are becoming more relevant than ever. On Nov. 12, […]
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Central bank digital currencies will fundamentally change our conceptions of money and its uses. An astonishing 80% of central banks are engaging in work around central bank digital currencies, from research to experimentation and pilot programs. A recent Bank for International Settlements, or BIS, chart demonstrates the growing interest in CBDCs by central banks, as […]
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Check out this week’s Bad Crypto podcast. It’s been a difficult week for Bitcoin this week. The price has fallen about 5 percent over the last seven days to drop beneath $10,400. It could bounce but if it continues downwards, it might drop below $10,000 and get dangerously close to the CME gap. One sign […]
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The platform plans to assist in “building a from-farm-to-table traceability system” across China. The VeChain Foundation has joined the China Animal Health And Food Safety Alliance as a council member. According to a Sept. 17 announcement, VeChain is “the sole public blockchain technology provider in the alliance” and will offer technical and infrastructure support. There […]
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South Korean public entities are becoming blockchain-friendly. The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-powered employee ID system through a smartphone app starting October. According to Yonhap, the agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them […]
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The island continues to work toward full crypto adoption. The Government of Bermuda has announced their partnership with stablecoin platform, Stablehouse. Together they hope to roll out a pilot program for a digital “stimulus” token, targeting both residents and merchants within the islands. According to The Royal Gazette, the idea of launching such a program […]
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Can blockchain help settle the mail-in voting debate? The United States Postal Service, or USPS, recently filed a patent for a mail-in voting system that utilizes Blockchain and other technologies for verification. Responding to an inquiry from Cointelegraph, U.S. Representative for Florida’s 9th district, Darren Soto, voiced his excitement about this prospective development. “I think […]
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Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national […]
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