Former Google China boss doubles down: AI to take 50% of jobs by 2027
Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
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HSBC Completes First Blockchain Letter of Credit Transaction in Yuan
Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform.As Reuters reported on Sept. 2, HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction deploying R3’s Corda-powered Voltron platform. In the cross-border transaction, Hong Kong-based electronics manufacturer MTC Electronics exported…
Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge
The bridge integration will make the stablecoin available on the Syscoin blockchain for the first time. 2345 Total views 16 Total shares Major cryptocurrency exchange Binance plans to use a bridge between the Syscoin and Ethereum blockchains to move its Binance USD (BUSD) stablecoin between them.The bridge developed by Blockchain Foundry — the firm powering…
The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022
As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility.Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile play-and-earn game, while fellow primate projects, CyberKongz and SmolBrains continue to announce and integrate new…
KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP
The developer stated that so far, no funds have been lost. 497 Total views 70 Total shares Own this piece of history Collect this article as an NFTKyber Network, developer of the Kyberswap Elastic decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange's contracts. It has advised…
Bitcoin is Risky, but Uncorrelated With Stocks: Scott Melker
Crypto trader Scott Melker says that while stocks and Bitcoin (BTC) have appeared to move in tandem since Black Thursday: “They are not correlated assets”.In a Twitter thread for his 84,000 followers, “The Wolf Of All Streets” outlined his theory about why Bitcoin will tread its own path during the financial crisis. Melker looked at…
Ripple issues white paper on CBDCs, reiterates belief in their potential
The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control. Ripple has doubled down on its public support for central bank digital currencies by issuing a white paper on CBDCs. The 23-page document was released by the blockchain company on Dec. 14.In the document, Ripple explains the
‘Cryptocurrency Fever’ Has Begun to Diminish, Russian Central Bank Head Says
The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18.Nabiullina, while speaking at finance innovation forum Finnopolis held in the South Russian city of Sochi, said that she believes cryptocurrencies and blockchain are now being treated more rationally:"Fortunately, the…
Monerium to Issue E-Money on the Algorand Blockchain In New Partnership
Licensed e-money issuer Monerium will support the blockchain protocol Algorand in 2020. News of the two firms’ non-exclusive partnership was announced in a press release on Jan. 21. The cooperation will see Monerium issuing its programmable e-money on the proof-of-stake Alogrand protocol, created by the Massachusetts Institute of Technology (MIT) professor and Turing Prize award-winner Silvio…