Hong Kong virtual banks eye Web3 growth despite regulatory hurdles
Despite capturing just 0.3% of retail bank assets, Hong Kong’s virtual banks are exploring opportunities in the Web3 space.
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Bitcoin’s Price Flash Crashes $1,500 in 24 hours, Is $7,500 next?
Tuesday Sept. 24 - Bitcoin's price is retracing rapidly from over $9,800 to $8,150 in less than a day and for the first time in months.Bitcoin 24 hour price chart. Source: Coin360The Bitcoin price flash crashed hard, dropping close to $800 in just a few minutes to show double-digit losses, down 11.4% while currently trading at…
France to Test Its Central Bank Digital Currency in Q1 2020: Official
The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, French financial publication Les Echos reports…
Blockchain Is Not a Cure-All for Every Video Conferencing Flaw
With the coronavirus pandemic forcing many businesses to adopt work-from-home policies, the demand for video conferencing programs appears to have increased. Indeed, by late April, video conference app Zoom was seeing 300 million daily meeting participants, a 50% rise from the 200 million recorded at the start of the month.Amid its growing popularity, the United…
Seoul Medical Center to Launch Blockchain Tech Project With Korean Science, IT Ministry
A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17.According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science…
Bitcoin core dev calls out ‘misleading’ auction selling his code as an NFT
One of the original core developers behind Bitcoin (BTC), Luke Dashjr, has taken to social media to call out an auction site that has used his name and code without his consent to create and sell a “misleading” NFT.The core developer said he hasn't been the first Bitcoin developer to have his name or his work…
Montenegrin official plans to extradite Do Kwon to the United States: Report
The Terraform Labs co-founder had been awaiting extradition to either the United States or South Korea after being arrested and charged in Montenegro. 424 Total views 1 Total shares Terraform Labs co-founder Do Kwon will reportedly be extradited to the United States rather than South Korea to face criminal charges.According to a Dec. 7 Wall
Blockchain Use in Finance Still Faces Major Challenges: Chinese Researcher
The use of blockchain technology in the financial sector still face many challenges according to a major Chinese researcher, local news agency Sohu reports on April 12.Wei Kai, head of blockchain research at the China Academy of Information and Communications Technology (CAICT), described roadblocks to the technology's further adoption at a 2019 meeting of the…
Nvidia stock jumps 11% after SIGGRAPH unveil: ‘next wave of AI is robotics’
We’re entering the “third wave” of AI and the era of mechanical humanoids, according to Nvidia.