Crypto twitter erupted Monday after report a crypto headline on Monday’s edition of the official state run publication of the people’s republic of china, Xinhua. The paper reportedly featured an article tilted ‘Bitcoin; The First Successful Application of Blockchain technology’.…
The FED is Looking to make a Blockchain Hire
The United States Federal Reserve is hiring a manager for its retail payments section in Washington DC. This was revealed by a Nov 3 U.S Central Bank job posting on its website looking for a new manager. The new manager…
India is Looking at Blockchain Technology as the Next Step in Contemporary Warfare
India’s defense minister believes that Blockchain technology is the next step in contemporary warfare. While addressing an envoy of over eight nations on Monday November 4, in a precursor event to February 2020’s India DefExpo conference, the minister said that…
Bahrain looking to attract Fintech Start-ups through a Fast-track Program
The Bahrain economic development board has rolled out a new program that seeks to boost investment in the country by attracting new startups. These startups include crypto businesses, which the government has a special interest in. According to an October…
Chinese Regulator: Libra must Abide to Regulations or get Banned
A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…
China Looking into Blockchain and A.I Use Cases for International Financing
China is reportedly looking into the various use cases for Blockchain technology and artificial intelligence in (AI) in international financing with a specific focus on risk management procedures. China is looking to do this because it intends to liberalize its…
China unbans Crypto!!
China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…
Jack Dorsey: Twitter will not be Joining Libra Association
According to Twitter CEO Jack Dorsey, the social media giant will not be part of the Libra foundation. Dorsey replied with a resounding “Hell no” when asked about his firm’s potential membership of the Facebook-led crypto payments scheme at a…
Zuckerberg to tell Congress that Libra can Fix “failing” Financial System
Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…
Banks May Drop Facebook Due to Regulatory Concerns
An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…