Asia is the world’s cryptocurrency hub and as a result, learning centers, courses, and crypto educational establishments are on the rise, with Japan, Thailand and South Korea showing the way, reports Bitcoin.com. It may not be surprising to find such centers in Japan, but they are increasing in number. In November of last year Japan, South Korea, and Vietnam accounted …
Renowned economist Mohamed El-Erian has said that he sees ”officially sanctioned” cryptocurrencies prominent in the future of government-issued currencies. As reported by Bitcoinist, El-Erian noted that the ability for government-issued cryptocurrencies to be successful lies in the trends of customers choosing to use cashless payment methods. “We are moving away from cash. Go to Sweden and you’ll see how fast,” El-Erian said, …
Crypto assets don’t currently threaten global financial stability, according to a 30 May report released by Russia’s Central Bank, writes Cointelegraph. The report went on to say that, due to comparatively low global cryptocurrency volumes, this particular segment is insignificant at present, posing no actual threat to global stability in financial sectors. Similar to a recent Dutch internal report aimed at …
A report conducted by independent think tank Charity Futures concluded that charities have yet to engage with blockchain with the kind of urgency required to keep up with technological advances, writes Live Bitcoin News. The study, ‘Nothing to Lose (But Your Chains)’, was clear in pointing out that the charity sector had as yet failed to tap significantly into available …
President of China Xi Jinping spoke at a meeting of the Chinese Academy of Sciences and the Chinese Academy of Engineering on Monday, where he described blockchain as a ”breakthrough” technology. ”A new generation of tech” As reported by CNBC, President Xi Jinping’s remarks translate as: “A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and …
Global auditing and consulting firm Deloitte has just released a report which indicates that blockchain technology cannot be overlooked by business as it is destined to become standard technology, Coingeek reports. The report, ‘New Tech On The Block’, suggests that businesses not choosing to employ the technology in the future stand the risk of being left behind those who are …
Nasdaq recently commented that it might consider a cryptocurrency exchange in the future and now it appears that it’s putting its weight behind three major cryptocurrencies, Bitcoin (BTC), Litecoin (LTC) and Stellar (XLM) according to FX Empire. An article published on the Nasdaq website suggests that these three coins may be able to withstand future market turmoil if it transpires. …
In a bid to spread financial inclusion to a largely unbanked population, the Union Bank of the Philippines (UnionBank) is piloting real-time retail payments on the Ethereum blockchain with five rural banks in Mindanao, the second largest island in the country. Connecting the unbanked According to local news outlet Philippine News Agency (PNA), the payment system developed by US-based startup …
This year’s Boao Blockchain Forum for Asia in China’s Hainan Province was rudely interrupted when ‘Chairman Mao Zedong’ took to the stage, the BBC has reported. The impersonator, Xu Guoxiang, sporting a grey suit and speaking in Mao’s native Hunan accent managed to be on stage for just enough time to deliver a short speech to wish the conference well, commenting, …
South Korea’s National Assembly has made official proposals to allow for domestic initial coin offerings (ICOs) to be legalized, roughly eight months after the country banned all ICOs in September 2017. South Korea has proven itself it be a fertile land for blockchain and cryptocurrency adoption; it is home to some of the largest exchanges in the world as well …
