The Monetary Authority of Singapore (MAS) revealed in a joint statement with Temasek the successful completion of the fifth and final stage of Project Ubin. The report presents an overview of the multi-currency payment system for cross-border settlements based on the blockchain. The report also provides insights into how the prototype of payments could help […]
Crypto Mining Scam Creator Imprisoned after Pleading Guilty in U.S. Court
A Romanian developer pleaded guilty to his role in the Bitclub Network, a crypto mining scam that hoodwinked investors off $722 million. The developer was sentenced to five years in prison and a fine of $250,000. According to a press release from the U.S. The Department of Justice, Silviu Balaci was arrested at his residence […]
Discovery Science Rolls Out New Crypto and Blockchain Documentary
A new cryptocurrency documentary named “Open Source Money” was recently premiered on the Discovery Science channel and continues to broadcast weekly episodes. The new cryptocurrency documentary series provides an in-depth analysis of what the cryptocurrency ecosystem is and tells the story of Dragonchain, a US-based blockchain technology firm. Crypto and Blockchain documentary shares rich insights The […]
Fantom, a South Korean blockchain firm’s smart medicine project in partnership with Afghan government.
Fantom, a South Korean blockchain firm, has officially launched a smart medicine project in partnership with the Afghan government. It is an initiative that focuses on exploring the potential of distributed ledger technology to remove counterfeit drugs from the supply chain. According to reports, the counterfeit drug industry is booming with a high inflow of […]
Binance to Issue Crypto Card in Collaboration with Swipe
In a recently deleted web page cryptocurrency exchange giant, Binance acknowledged its collaboration with Swipe to launch its crypto card. Through an accidental update on its website, Binance affirmed the collaboration stating: “Binance has partnered with Swipe to provide a Card platform for Binance users.” Binance plans for a branded card have been in preparation […]
South Korean NGO Developing Digital Healthcare Platform on Blockchain
South Korean non-governmental organization, the Commons Foundation, has announced its project to develop a digital health platform on the blockchain to combat pandemics following the coronavirus pandemic. According to the Digital Today report, the NGO will use blockchain public services to develop an epidemiological research system that matches the upcoming post coronavirus age. Digital healthcare […]
Lithuania Set to Issue Own Central Bank Digital Token
The first digital token backed by the central bank will soon be launched in the eurozone. According to the Reuters report on 2 July, Lithuania will be the first eurozone nation to issue a digital central bank token. The report notes that 24,000 digital tokens, dubbed LBCOIN, based on the blockchain, will be issued within […]
Coronavirus Pandemic to Trigger CBDC Development Globally
The Bank of International Settlements (BIS) anticipates the effect of the coronavirus pandemic on retail payments to trigger positive development of CBDC globally. BIS is a Swiss-based international organization comprised of 60 central banks. The organization has released several reports centered on decentralization, cryptocurrencies, and central bank digital currencies (CBDC). CBDCs refer to state-issued cryptocurrencies, […]
Corporate Credit Card Info, Personal Data Leaked in Cognizant Ransomware Attack
Cognizant cyber solutions firm has notified both employees and the California state regulators that the majority of private information that was compromised during the April Cognizant ransomware attack involved corporate credit cards. The credit cards were issued to the firm’s employees. Back in April Maze attackers orchestrated the Cognizant ransomware attack. The firm has now […]
Singapore Central Bank Confirms its Readiness to Explore Digital Currency
Singapore’s central bank is looking to join forces with the People’s Bank of China (PBoC) to explore Central Bank Digital Currencies, according to Ravi Menon, Managing Director of the Singapore Monetary Authority (MAS). During a finance conference in Shanghai, Menon stated the new plan. He outlined the progress China has made in creating its own […]