Blockchain/Bitcoin
China is Issuing its Own Cryptocurrency Answer to Facebook’s Libra
The People’s Bank of China (PBoC) is close to issuing its own cryptocurrency, Shanghai Security News reports. This is in line with earlier public statements made by China stating that they are eyeing to release their cryptocurrency soon Better known
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Shenzhen Has Issued 6 Million Blockchain Invoices in a Year
Shenzhen has demonstrated its willingness to experiment with innovative technology when it issued its first digital invoice on the blockchain last year. Part of the Greater Bay Area, Shenzen has issued close to 6 million invoice according to a report
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5 Recent Stories Shaping Korea’s Blockchain Ecosystem
South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more and more lately. Increasingly, South Korean banks and tech firms are ramping up blockchain adoption in a big way with
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Ping An’s Operations Across The Board Will Be Powered by AI and Blockchain
Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations—banking, securities, fund and property subsidiaries. A report by Sina that was translated by China Banking News said that all eight of Ping An’s subsidiaries are
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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism
Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will be a stablecoin fully backed by a reserve of real assets. The goal, it says, is to avoid high fluctuations
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Samsung SDS Expands Blockchain Business with Cloud-Based Enterprise Platform
Samsung SDS introduced customers’ common pain points in adopting blockchain and announced its blockchain business direction and the solution to the pain points. When companies apply blockchain technology to their business, they have concerns on: Converging services across various industries
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Diginex’s Digital Assets Unit Granted License from SFC
Diginex Group announced that a unit of its group Diginex AM has been granted a license a Type 4 (Advising on Securities) and Type 9 (Asset Management) license from the Securities & Futures Commission in Hong Kong. With their licensing
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Bitspark Co-Founder Claims SWIFT Is Hindering Innovation
George Harrap, CEO and Co-founder of Hong-Kong based blockchain remittance startup, Bitspark, has outed SWIFT for hampering fintech from driving innovation in the money transfer sector in his new e-book He argues that the remittance sector is ripe for disruption. However,
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How Cryptocurrency Scams Work
Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on
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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster collaboration between the two regulatory authorities in promoting financial innovation. Under the agreement, HKMA and BOT agreed to work together
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