Chinese authorities have postponed research on the digital yuan as the coronavirus continues to spread globally. Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues. Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with…
Read more
Moody’s ratings agency has said that the proposed blockchain-based KYC consortium in the United Arab Emirates is credit positive for the nation’s lenders. Moody’s Corporation has said that a new blockchain-based Know Your Customer (KYC) platform in the United Arab Emirates is credit positive for the nation’s lenders. According to a report by local media…
Read more
An Australian minister has slammed the government for failing to prioritize ransomware amid increasing attacks. On Feb. 24, Tim Watts, Australia’s Shadow Assistant Minister for Cybersecurity, has published an article in the Financial Review on Feb. 24, criticizing the country’s government for its response to the 2019 “ransomware epidemic.” Watts states that Australia was not…
Read more
Polkadot has progressed through the initial stage of integrating Chainlink oracles, which signals a systematic approach of porting Ethereum infrastructure. Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink (LINK) on Feb. 25. The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance…
Read more
An in-depth analysis of the recent malfunction and performance issues suffered by the Binance crypto exchange. As Cointelegraph reported on Feb. 19, Binance temporarily suspended most of its crypto trading platform activities due to unscheduled system maintenance. For several hours the exchange’s users were unable to perform most basic functions including deposits, withdrawals, spot trading,…
Read more
Bank of Canada is preparing for creating its own digital currency to defend the Canadian dollar and monetary sovereignty. Although the Bank of Canada has no plans for issuing a digital currency immediately, the Central Bank is not ruling out the possibility of launching one due to potential mass adoption of private digital currencies —…
Read more
After facing delays, $257 million ICO Filecoin expects to launch its mainnet in Q3 2020, with Gemini offering custody support. After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution. Filecoin will send ICO participants their FIL coins…
Read more
Warren Buffett recently said that he does not own any cryptocurrency, but Tron founder Justin Sun said that this is not the case. Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ. Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said…
Read more
Celer and Polkadot have partnered to bring layer two scaling to the upcoming blockchain network developed by Parity, which enables more advanced optimizations. Celer Network will develop its layer-2 solutions for Polkadot, an upcoming blockchain network developed by Web3 Foundation and supported by Parity Technologies. The sidechain scaling solution is positioned to improve performance beyond…
Read more
The Lightning Network was found to be more centralized than initially believed, increasingly relying on hubs through a core-periphery model observed by researchers. The Lightning Network’s (LN) configuration is becoming increasingly centralized, with multiple hubs being formed. This is the finding of a yet-to-be-reviewed research paper, released on pre-print site arXiv on Feb. 7. A…
Read more
