Virtual reality has emerged as a disruptive technology that has the potential to revolutionize many industries. The Metaverse is a concept that has gained popularity in recent years and is often described as a virtual world where people can interact with each other in real time. The Metaverse is becoming a reality thanks to advancements in virtual reality technology. In …
Continue ReadingTo bring improvement in the customer experience, the State Bank of Pakistan (SBP) has called on all commercial banks to begin leveraging blockchain technology for customer identification, or Know Your Customer (KYC) verification. The incorporation of blockchain technology will enable banks to prevent money laundering, terrorism financing, decreasing the paperwork involved in the process of creating a bank account and …
Continue ReadingA concerning surge in the utilization of digital asset ATMs has been observed in the U.K, with 30 such machines scattered across London, Manchester, Nottingham, and Birmingham however, a considerable number of these are unlawfully operating without government authorization, leading to illicit activities. This instigated the necessity for guaranteeing better conformance and implementation of more stringent regulations that will aid …
Continue ReadingThe digital currency has experienced a meteoric rise in popularity, especially since its introduction to the international markets. The potential of this innovative monetary system is unparalleled and several countries are actively seeking ways to capitalize on it. A new country has now entered the initiative to capitalize on this potential currency. Tech hub Japan is all set to revolutionize …
Continue ReadingNorth Korean hackers have become a headache for many nations. Over $3.8 billion was stolen by hackers last year, which was disastrous for the cryptocurrency market. As a result, the crypto market went through a bad phase and is still focusing on recovering from the losses. Nonetheless, despite losing such a significant sum, the police and authorities are still aggressively …
Continue ReadingBlockchain technology has revolutionized the tech world in recent years, with its unparalleled flexibility and the multitude of features it provides. Now, this innovative technology is entering the telecom industry to take communication to a whole new level as China Telecom and Conflux announced their launch of the revolutionary “BSIM” SIM card Pilot project in late 2023- a blockchain-enabled product …
Continue ReadingIn a bid to buoy the Philippine economy which has been heavily impacted by the COVID pandemic, the Philippines Private Sector Advisory Council, in partnership with the Technical Education and Skills Development Authority (TESDA) and the Inter-Agency Council, has recently launched a mission called GoDigital Pilipinas (GDP). The program comes as a much-needed relief for many Filipinos who have been …
Continue ReadingThe sudden surge in crypto volatility has been a major headache for regulators worldwide, prompting them to take drastic measures. As a part of this process recently the U.S. Securities and Exchange Commission (SEC) decided to take strict measures against crypto custodians. The news gained significant popularity among internet users, many users voiced their opinions about the latest development on …
Continue ReadingA surge of enthusiasm for XRP has been building in Japan, and the extraordinary 1.64 billion spot trading volume reported in September 2022 confirms this. Far outpacing Bitcoin’s 179.5 thousand units, XRP’s success has caught the eye of many crypto-trading firms who are now eager to offer it as part of their services – a revolutionary shift for the industry. …
Continue ReadingWhen cryptocurrency was introduced in the countries, excitement ensued among citizens. Everyone wanted to take advantage of this revolutionary technology to monetize their presence in the market. It seems that the same incident happened again as past week we have witnessed an astronomical rise in Artificial Intelligence (AI) tokens, with nearly all of them experiencing a remarkable double-digit gain. It’s …
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