The first cryptocurrency was dropped into the world in 2008. More than a decade later and thousands of cryptocurrencies have been launched so far, the industry has seen a significant increase in both value and popularity. From being associated with the dark web to being widely adopted across the globe, the crypto-verse has come a […]
World
Here’s How Blockchain-Based ICONLOOP is Helping in Secure COVID-19 Tracing
COVID-19 has affected all sorts of countries, communities as well as businesses in countless ways. Over the last few months, several initiatives have come up in aid and help deal with the global health crisis. One of the many industries that have been able to master new opportunities to help amid the pandemic is the […]
United States National Debt Hits a Record $26 Trillion Amid COVID-19
The United States national debt has reached extraordinary levels amid the intense days of the coronavirus outbreak. The national debt in the US has reached $26 trillion, a scale never witnessed before. Back in April, the United States national debt stood at $24 trillion, rising to $25 trillion the next month. Currently, the debt stands […]
Here’s How China is Planning to Break U.S dollar’s Monetary Hegemony with Digital Yuan
The development with regards to China’s digital Yuan hasn’t slowed down amidst global COVID-19 concern. It was revealed on April 24 last week that three of the largest American brands, McDonald’s, Starbucks, and Subway, would be among the 19 companies participating in the digital currency trial. Although a Starbucks spokesperson told media outlets that they […]
China Goes Full Steam Ahead with Digital Yuan Mobile Application
China has become one of the foremost leaders when it comes to the blockchain and cryptocurrency industry with other regions considering it a major competition. Ever since Chinese premier Xi Jinping claimed that blockchain technology was beneficial, the country has not looked back. The latest reports revealed that China’s central bank was planning to launch […]
Etisalat and Noor Bank launch eWallet International Remittance Services in UAE to 200 Countries
Etisalat and Noor Bank announced the launch of eWallet – an international remittance service that will allow financial transactions between UAE individuals and 200 countries worldwide. The joint venture assured eWallet customers would be able to send money to relatives abroad in real time, in partnership with MoneyGram International, without having to visit a branch […]
US’s DOJ Says Venezuelan President Taps Crypto to Conceal Illicit Drug Ring Operations
According to an indictment, the US Department of Justice alleged that the Venezuelan President Nicolas Maduro and other country’s leaders used cryptocurrency to cover drug-dealing operations. The indictment notes that with Nicolas, 14 other Venezuelan officials leveraged their political and financial power to conceal their activity in the criminal operations for over 20 years. DOJ […]