Swift will begin live trials for digital asset and currency transactions in 2025, engaging banks across North America, Europe, and Asia in a major step toward real-world applications. By leveraging its existing network, Swift aims to merge digital and traditional assets, addressing the challenges of disconnected platforms. The trials build on successful blockchain experiments, seeking…
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The Canadian agency also noted privacy violations, social manipulation and bias among the concerns that AI raises. The Canadian Security Intelligence Service (CSIS), Canada’s primary national intelligence agency, raised concerns about the disinformation campaigns conducted across the internet using artificial intelligence (AI) deepfakes. Canada sees the growing “realism of deepfakes” coupled with the “inability to…
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North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based services. The region’s share in decentralized finance (defi) usage has declined as well. Institutional Crypto Activity Plays Bigger Role in North America Than Other Regions,…
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Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United States, according to Chainalysis. The United States government may be losing regulatory oversight of the stablecoin market, according to a new report by blockchain research firm Chainalysis. Stablecoin activity has been increasingly occurring through entities that aren’t licensed in the United…
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In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since the debut of the first bitcoin ATM in Vancouver, Canada, back in 2013, there…
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A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive snapshot of the crypto landscape, highlighting that these 10,000 firms possess a collective valuation of $180 billion. K33 Research Unveils Crypto…
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Predominantly popular terms such as guns, Chuck Norris, health insurance and politics did not even make it to the top 10 in the list. Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin (BTC) continues to maintain its position as the most Googled term in the United…
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Technology innovations such as software programming, coding, apps and AI development, and computing and communications hardware manufacturing will be exempted from taxes in El Salvador. El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, has decided to eliminate all taxes on technology innovations. The move runs parallel to establishing the National…
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The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23. In October, Toronto-based Coinsquare became the first crypto trading business to get dealer registration from the Investment Industry Regulatory Organization of Canada (IIROC). That means a lot as now Coinsquare investors’ funds…
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Crypto has been highly visible in this election cycle thanks to polls and political action committees. This is a new and unaccustomed role for it with unknown results. The 2022 midterm elections will be held in the United States on Nov. 8. Thirty-four senators and all 435 members of the House of Representatives will be…
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