Jon Cuncliffe, the deputy governor for the financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the crypto adoption may weaken or eliminate bank credit issuance. In a speech delivered to the London School of Economics on Feb 28, Cunliffe predicted that the integration of stablecoins on social […]
Blockchain adoption in India takes a new turn. A breeze of India’s inhabitant plan on blockchain and distributed bill record suggests an executive bank digital banking (CBDC), a digital Indian rupee, and an inhabitant blockchain. The National Institute for Smart Governance (NISG) is a non-profit open physique from the Govt of India. NISG recently publishes […]
The economic sanctions by the United States have paved the way for the usage of crypto in Cuba. However, cryptocurrencies are facing numerous challenges. This includes a lack of regulations, limited access to crypto exchanges and the growth of gold-backed MLM stablecoin…
Cryptocurrency adoption in Hong Kong started with the recent protests that allowed citizens to look beyond the fiat currencies. As this week’s protests against Chinese interference in Hong Kong intensified, so too did the demand for bitcoin…
Genesis Hack, a blockchain hackathon that aims to promote blockchain technology in India, has collaborated with Marlin Protocol, a blockchain-based network, to develop a blockchain talent pool in India. As per the agreement, both the entities will work together to provide blockchain training to developers in India. The Marlin Protocol team will also provide knowledge support to developers at Genesis Hack.
The Department of Information Technology has signed a Memorandum of Understanding (MoU) with Intel Corporation, Eleven01, and US-based financial software company Intuit to promote the adoption of blockchain technology in Goa. As per the MoU, Intel and Eleven01 will build a team in Goa to work on the project. And, Intuit will support the Goan startups by offering them free financial accounting system.
The Italian Government has announced the formation of a 30 high-level blockchain experts team for promoting the adoption of blockchain at the state level. The group is intended to work on advising authorities about developing a national strategy on distributed register and blockchain technology. The Italian Ministry of Economic Development is responsible for summoning the project.
The European Parliament has announced a provisional resolution aimed at increasing the adoption of blockchain technology in trade and administration. Termed as ‘Blockchain: a forward-looking trade policy’, the resolution describes blockchain technology as a private and permissioned distributed ledger technology that has the potential to benefit various case studies and industries.
Though blockchain sills have been rising in the global market, some countries like China have seen reduced salaries offered to blockchain professionals in FY 2019. The new report released with the title “2020 China Blockchain Professional Development Report” says. Per the report, the average salary offered to any blockchain industry employee in China has dropped […]
Japan-based global accountancy firm Ernst & Young has announced its plans to launch an ideal blockchain system for tracking and tracing Japanese fruit & sake. It ensures the prevention of fraudulent products’ sales in the Asian country. As per Asian Nikkei Review, SAKE Blockchain by EY Japan will soon be rolled out across Asia once […]