Technology

Central banks in Europe, Japan, and Canada come together to assess CBDC

The central banks of Canada, England, Japan and Switzerland have teamed up with the European Central bank and the Bank for International Settlements (BIS) to review how a digital currency owned by each central bank could come into existence...

Libra faces another setback as Vodafone pulls out from the crypto project

In the latest setback, Libra Association lost its one more backer in the form of Vodafone. The British company is the eighth backer to abandon Facebook's digital currency project. However, Vodafone confirmed that they are not ruling out the...

India’s Central Bank clarifies that cryptocurrencies are not banned

RBI made this argument during the ongoing case in the Supreme court of India that will judge if RBI's decision to suspend banking support to crypto trading was constitutional or not. RBI says that it suspended banking support for...

India plans to use blockchain technology to improve the education sector

According to the Press Trust of India report, the Indian government is planning to leverage blockchain technology to improve government schools. The country has been utilizing blockchain technology in other sectors as well, which has resulted in more jobs...

Canadian government rewards startup for developing an on-chain steel-tracking platform.

The Innovation, Science and Economic Development Canada (ISED) set out the target for Mavennet to build a blockchain proof-of-concept model that can track and share real-time data across the supply chain in the Canadian steel industry, as reported by...

US lawmakers introduce a bill to simplify taxing crypto gains

Representative Suzan Delbene last week introduced a proposal to amend the crypto taxation law. The bill proposes to exempt personal cryptocurrency transactions from taxation for capital gains. If passed, users would not have to report transactions that resulted in...

Zipmex receives license from Thailand authorities to operate as cryptocurrency exchange

Zipmex announced that they had received a license to operate as a cryptocurrency exchange in Thailand. The exchange also operates in other countries, including Australia, Singapore, and Indonesia.   "Being a regulated entity will help provide trust to newcomers." Zipmex Thailand CEO...

MoneyGram expands remittance services in India in partnership with EbixCash.

MoneyGram last year partnered with Ripple to enhance their cross-border remittance services using RippleNet technology. MoneyGram is looking to extend its services in India in partnership with EbixCash. The expansion could mean that MoneyGram might use Ripple's technology for...

Lawmaker proposes a central depository for digital currencies used by the government.

Oklahoma Senator Nathan Dahm will introduce a bill next month that aims to provide an infrastructure backed by the government for cryptocurrencies and blockchain-related technology. Senator seeks to provide a level of state-backed infrastructure for work done related to...

US SEC charges two Canadians for conducting a fraudulent $30 million ICO.

The US Securities Exchange Commission (SEC) has indicted the conspirators behind the Blockchain Terminal's Initial Coin Offering that raised over $30 million. Edith Pardo, 68, and Boaz Manor, 46, are Canadian citizens, and Manor has served four years in...

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Bridgewater Associates founder Ray Dalio does not recommend investing in bitcoin

The founder of Bridgewater Associates, Ray Dalio, praised gold and criticized Bitcoin while speaking at the World Economic Forum...