Report: Terrorists Do Not Rely On Cryptocurrencies (Yet) A report by the Rand Corporation on the “Terrorist Use of Cryptocurrencies” suggests that crypto does not play a major role in terrorism yet. The Rand Corporation is a think tank that counsels the military. The report shows that cryptocurrencies”are not well matched with the totality of […]
Japan’s Mizuho Bank Is Not Launching A Cryptocurrency Japan’s Mizuho bank will not launch a Cryptocurrency or stable coin as many crypto news outlets including coinrevolution.com have reported earlier this week. Instead, Mizuho is going to launch a digital currency that ressembles xxx alipay or wechats currency model. Although the Japanese Bank is going to […]
The Society for Worldwide Interbank Financial Telecommunication (SWIFT)has entered into a partnership with R3. The deal will see the global banking network adopt Blockchain technology. SWIFT is aiming to shift its operations to Distributed Ledger Technology to keep up with the changing market needs. In the modern world, global commerce requires real-time solutions and Blockchain […]
New Comprehensive Legislation on Cryptocurrencies in India According to reports by the Indian TV channel Cnbc Tv18, a committee of the Indian government has come up with a recommendation on a legal framework on cryptocurrencies. Despite the fact that neither Quartz India nor Cnbc Tv18 could disclose any details on the content of the report, […]
Dominance of Tether Crumbles Tether’s dominance in the stablecoin market has fallen below the level of 75%. At the beginning of 2018 Tether had dominated the market without any major competitors and made up a 94% share of the market capitalization. TrueUSD, Paxos, Gemini Dollars and USDCoin are all USD-based stablecoins that were created this […]
A prototype for SWIFT Blockchain network has been established and deployed for trials to investigate strategies for reducing payment latency. The area that engineers will be focusing on is errors in the legacy system of SWIFT that might be eliminated by DLT application. SWIFT Blockchain System Will Support Faster Account Number Authentication Under the new […]
U.S recently imposed sanctions on Iran and this caused an uproar both online and offline. Most people feel that the sanctions are too harsh and unjustified but the U.S government believes that the sanctions will coerce Iran to abide by the set international rules and regulations. The government has moved with speed to announce that […]
Germany is currently pushing to create a European payment system like SWIFT to be more independent from the US. The rift was created by the differing stance that the EU and the USA have towards Iran (read more about this here). The resulting rift between the USA and its former close ally creates the perfect […]
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