Central Bank of China claims that digital Yuan will not cause inflation. The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official explanation of the proposed digital Yuan and how it would work. A bank representative confirmed on the China Central Television…
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Modern technologies have unnoticeably become part of our daily lives. Think about the music industry, for example — it’s impressive. Where’s the border between art and technology in the music industry? My immediate feeling when I think about this question is that music is always created with — and by — interesting technologies. The world…
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Leading Chinese DeFi protocol has lost 99.95% of locked funds in a nearly $25 million hack. Chinese decentralized finance, or DeFi, protocol dForce has been exploited in a $24.95 million hack that has resulted in its Lendf.Me lending platform going offline. According to DeFi data aggregator DeFi Pulse, the total value of funds locked in…
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A new fast and scalable blockchain platform is making waves with high-profile partnerships and backing from big investors. Another day, another mainnet launch. Or at least, that’s sometimes how it can feel in the blockchain space, as every project seems to be scrambling to be the latest and greatest in balancing the trade-offs between speed,…
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As blockchain-focused jobs increase, universities offer blockchain courses that could help students find job opportunities this year. Blockchain, a term once only familiar to Bitcoin (BTC) enthusiasts, is becoming one of the most in-demand business skills for 2020. According to a recent LinkedIn blog post, blockchain technology is the most sought-after hard skill this year.…
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Swiss Crypto Valley Assoc President said that the Coronavirus pandemic had a major impact on the local crypto ecosystem. The President of the Swiss Crypto Valley Association, or CVA, said that the Coronavirus pandemic had a major impact on the local crypto ecosystem. A recent report claims that the representatives of nearly 80% of crypto…
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Check out this week’s Bad Crypto News. Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy…
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Polish Credit Bureau launched commercial use of its blockchain-based customer data platform for retail banks. Blockchain’s varied applications are becoming more useful for global banking institutions with each passing day. Yesterday, Polish retail banks rolled out a blockchain-based customer data platform developed by the Polish Credit Bureau, also known as Biuro Informacji Kredytowej, or BIK.…
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The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering. Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty to steal money and launder it through the complex cryptocurrency…
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The blockchain tech industry has dramatically changed over the past 10 years: Here’s what you should know about it. Blockchain is no longer just the backbone of Bitcoin (BTC) or cryptocurrencies. It is more than that. Its application in various industries is as wide as the seas. And despite the technology’s limitations and challenges, demand…
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