Japan Readying to Launch Digital Yen: Gearing up for Global CBDC Initiative

The 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 …

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Norwegian Police made a major victory by retrieving $5.9 million from a North Korean Hacker

North 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 …

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China Telecom and Conflux Unveils ‘Blockchain-Empowered’ SIM Card, Revolutionizing Mobile Security

Blockchain 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 …

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Philippines’ GoDigital Pilipinas Movement Aids Nation’s Digitization Effort

In 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 …

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US SEC to Curb Hedge Funds and Pension Funds From Crypto Custodian Collaborations

The 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 …

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Japanese Company Leverages XRP for Revolutionary Crypto Lending Outputs

A 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. …

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Crypto Enthusiasts Flock to “Trendy” AI Tokens as ChatGPT Frenzy Escalates

When 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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UK Government and Bank of England Take Innovative Leap with The Release of Consultation on Digital Pound

With the growing concerns about data security, the need for CBDCs also increases as it could be the linchpin to create trust in the digital space – something which has eluded us since our transition into the digital era. Taking this into the consideration The Bank of England and HM Treasury have recently unveiled a consultation paper on pioneering a …

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EU Banks to Comply With Strict Crypto Regulations

Today, digital currency is becoming more and more prevalent in financial transactions. As a result, the risks associated with investing in such volatile currencies must be vigilantly scrutinized by financial institutions to avoid any potential catastrophic. However, it seems that the EU regulatory body has started understanding this issue as the regulatory recently unveiled stringent new measures for European Union …

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Indonesia’s Central Bank Initiates the Next Level of CBDC Consultation

With the rise of digital currency, many countries have been drawn to this new form of money and Indonesia is the latest addition to the countries that are embracing digital currency. The nation’s move provides an opportunity for them to monetize their initiative while also expanding the scope of financial technology. However, before starting its journey to become a part …

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