The new platform will facilitate payments in up to 10 seconds using QR codes or identification data alongside computers, ATMs, or mobile phones. The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November. The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and…
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The mastermind behind the $147 million Gemcoin cryptocurrency scam, has admitted to wire fraud and tax evasion. Steve Chen, the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement. The 62-year-old Southern California resident agreed that he and other co-conspirators fraudulently promoted a cryptocurrency…
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The blockchain industry has the potential to help the world in stopping the climate changes and global warming. Every week sears a new image of climate change into our collective consciousness. A few decades ago, we heard about ozone holes and ice melting at slightly higher rates than anticipated. Today, the reminders of climate change…
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HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance. In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems. The…
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks. One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with…
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Samsung confirms its commitment to cryptocurrency and blockchain technology with enhanced features in the flagship Galaxy S20 smartphone models. South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco. While the headline feature is undoubtedly the new camera, according to the official marketing…
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Indian IT giant Tech Mahindra is launching a blockchain accelerator together with the government of the southern state of Telangana. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for…
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Partnerships, deanonymization and transaction pattern analysis: What else do international police use to detect crypto cybercriminals? 2019 demonstrated that cyber-attacks are getting more numerous in the cryptocurrency industry, while hardware remains vulnerable and high-profile data leaks are becoming more common. Even worse, the trend is a continuing one. Way back in June 2018, Kaspersky Lab…
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The crypto exchange is planning to work on a joint project with the Japanese telecom giant to test digital currency in cafes. As the origin of cryptocurrency, Japan often leads the way when it comes to joint projects between companies in different fields, united by their desire to lead the pack in innovation. E-commerce giant…
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The cross-carrier blockchain payment network allows transactions to be paid directly in the user’s currency through their mobile carrier. Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different…
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