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Department of Homeland Security (DHS) Trials Blockchain Solution for Canadian Borders
Department of Homeland Security (DHS) trials Blockchain solution for Canadian borders - Works with Customs Direct, a partner with blockchain expert Morpheus.Network, to fast track multiple Proof of Concepts (POCs).
Bahamas Looks to Deploy its CBDC The Sand Dollar Across Borders
The Central Bank of the Bahamas (CBOB) has says it wants its digital currency dubbed the Sand Dollars integrated with other countries' currency.
Binance Accused by Chinese State Media of Operating Cryptocurrency Exchange in China
Chinese state media has reported that Binance is still supporting local users trading cryptocurrency, despite China banning all exchanges in 2017.
Bank of Canada Governor Advocates Globally Coordinated Approach to CBDC
The governor of the Bank of Canada Tiff Macklem has advocated for a “globally coordinated” approach with respect to CBDC development.
OCC Head Brian Brooks Testifies Before Senate On Cryptocurrency and Stablecoins
The OCC Boss, Brian Brooks has testified before the US Senate Banking Committee about the growing use of cryptocurrencies and stablecoins in the country
Brexit Border Issues Solved by Blockchain? The EU Has Doubts
ELAND, a consortium of border security professionals, IoT experts, and haulage industry professionals, have come together with a plan to use blockchain technology to track cross-border trade after the United Kingdom leaves the European Union.
CipherTrace Reveals $1.4 Billion Worth of Crypto Assets Stolen in the First Five Months of 2020
Digital currency tracker CipherTrace has declared the valuation of cryptocurrency-related frauds in the first 5 months of 2020 to be $1.4 billion. This figure can spark insecurity among crypto investors but paying attention to security models can prevent such losses in the future. Several businesses particularly those geared towards blockchain technology experienced quantifiable economic downturns. Some of these downturns are just coming to limelight with the CipherTrace reports released on June 2.
Hong Kong’s National Security Law Triggers Exodus of Wealthy Society’s Capital, Is Gold Being Dumped for Bitcoin?
Hong Kong’s rich and affluent are reportedly moving large amounts of gold out of the major financial hub following Beijing’s imposed national security law. According to well-known Bitcoin bull Max Keiser, Bitcoin is a better way to export your fortune.
Facebook’s Libra Co-Creator Thinks Bitcoin is Not a Currency
Speaking as a guest on CNBC, David Marcus initially talked about Libra setbacks, stating that Libra, Calibra, and Facebook would need time to allow digital money access and services to form for users around the world as well as his thoughts on BTC.
The World Economic Forum Highlighted Blockchain and Digitization to Address COVID-19 Supply Chain Disruption
The World Economic Forum (WEF) published a report on the importance of blockchain in supply chain disruption amid the coronavirus pandemic. Although the report suggested that blockchain may not be able to support the damage caused by the impact of COVID-19 directly, it may help with supply chain visibility.
G20 Agency Warns Countries of Systemic Risks Posed by Global Stablecoins
The Financial Stability Board (FSB), the G20 body that advises on ways to improve the global financial system, has published a study on the challenges, which stablecoins pose for the global economy. The FSB stated that regulatory frameworks have already covered several activities associated with stablecoins, although there are other risks that many national regulators could be left unprepared for.
Exclusive: Liberal Society Comes with Friendly Crypto Regulations
As a veteran lawyer in technology, Nathan Kaiser of Cardano Foundation shares his insights in identifying countries with friendly crypto jurisdictions. He also examined how different jurisdictions affect both on-chain and off-chain governance.