Financial services provider, Square, is planning to build an open-source Bitcoin mining system and has begun investigating the technical requirements. This is according to CEO Jack Dorsey who shared a series of tweets explaining that he plans to follow...
Japan is currently researching the appropriate way to float its CBDC, like many other countries. A Bank of Japan executive, Shinichi Uchida, has stated that the central bank won't sacrifice simplicity in the development and usage of digital currency. ...
Stablecoins designed to maintain their one-to-one peg to a real-world asset like fiat currency such as the US Dollar, or Gold is the backbone of the crypto ecosystem. In terms of bringing much-needed liquidity to the ecosystem, stablecoins stand...
On 7 October 2021, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB) published a document titled: “Regulation, Supervision, and Oversight of “Global Stablecoin” Arrangements - Progress Report on the implementation of the FSB High-Level Recommendations” (Progress Report). The...
On 7 October 2021, the G20-mandated regulatory standard-setter, the Financial Stability Board (FSB) published a document titled: “Regulation, Supervision, and Oversight of “Global Stablecoin” Arrangements - Progress Report on the implementation of the FSB High-Level Recommendations” (Progress Report). The...
Introduction For most in the crypto industry, solving the blockchain trilemma and achieving all three fundamental aspects of a blockchain, namely decentralization, scalability, and security, sounds like an impossible task that cannot be done. However, Algorand’s team of developers...
Blockchain is one of the most disruptive technologies worldwide, and applying the technology to any industry can offer tremendous benefits. Numerous industries can benefit from using blockchain technology and improve the functioning of their business. The Dental Care industry...
Several countries are currently researching ways to launch their CBDCs. Laos is one of the latest countries to join the trend of those creating their CBDC, and to do this, they have partnered with Soramitsu, Japanese distributed ledger technology....
Decentralized Finance (DeFi), a blockchain-based form of finance that does not rely on a central authority, is rapidly evolving since it came into existence in 2018. From the development of tokens, both fungible and non-fungible, to the building of...
The website of Nigeria’s Central Bank Digital Currency has gone live with a local media outlet, THISDAY, reporting that the website has recorded over one million views in the last 24 hours. The number of visits, according to analysts,...
