Trekki NFT shutdown sparks community backlash for Trip.com
The termination of the project led to a significant drop in Trekki NFT floor prices and sparked frustration among NFT holders and enthusiasts.
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Dubai Welcomes Global Businesses With First Blockchain KYC Platform
Dubai International Financial Centre (DIFC) and Mashreq bank announced the launch of their new blockchain data-sharing platform on March 1st.This platform will allow licensed businesses and corporations to open digital bank accounts instantly by verifying their identities via an internal blockchain.Mashreq accomplishes this by removing the existing paper-based KYC procedure and replacing it with a…
Distributed ledger tech could save TradFi $100B a year: Lobby group
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. 116 Total views 1 Total shares Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association…
Fed’s Powell has no intent to ban Bitcoin or crypto
Powell testified before the House Financial Services Committee on Thursday on matters related to the economy and the Covid-19 pandemic. 789 Total views 17 Total shares Federal Reserve Chairman Jerome Powell believes the federal government needs to regulate the cryptocurrency market, but that a blanket ban on Bitcoin (BTC) and other digital assets is not…
Nodes are going to dethrone tech giants — from Apple to Google
While highly regarded even at the time of its writing, Marc Andreessen’s 2011 landmark essay, “Why Software Is Eating the World,” has proven even more prophetic than it seemed at the time. At the dawn of a decade when software would prove invaluable to nearly every aspect of modern life, Andreessen argued that every company…
This South Korean City is Spending Millions to Turn People Into Blockchain Experts
Daegu is still in the race for blockchain dominance. Daegu, the fourth-largest city in South Korea, recently announced their plans to allocate over $6 million towards blockchain and artificial intelligence education.According to Up Korea, Daegu’s officials aim to solve what they consider a “serious shortage of resources in the core technologies of the 4th industrial…
Project Libra: What We Know About Facebook’s Forthcoming Cryptocurrency
Over the past few months, it appeared that Telegram has been comfortably leading the clandestine race between major social platforms that have been quietly working on their native crypto tokens, with its Telegram Open Network (TON) making strides toward its October 2019 launch deadline. The latest avalanche of news from Facebook, however, makes this lead…
‘Google Coin’ Within 2 Years as FANGs Will Go Crypto, Say Winklevoss
Digital currency will form part of all four FANG companies’ offerings by 2021, Tyler and Cameron Winklevoss told CNBC in a new interview on July 9.Speaking about Facebook Libra, the twins, who co-founded cryptocurrency trading platform Gemini, said it was only a matter of time before other tech giants followed suit. FANG refers to the unofficial…
Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation
Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings.The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency advocates…