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“# Suzhou to launch digital yuan ‘red envelope’ trial for Double 12 event ” The Chinese city of Suzhou will be the second to roll out a “red envelope” trial for the forthcoming digital yuan, according to a report in local media outlet The Paper. Following the successful pilot scheme run in the city of…
“# Chinese banking giant withdraws $3B blockchain bond from listing ” China Construction Bank’s $3 billion blockchain bond has been reportedly withdrawn following an initial delay. Fusang Exchange, a Malaysian cryptocurrency exchange that was to be responsible for listing the bond, said that it has been withdrawn at the issuer’s request. According to Reuters on Nov….
“#Facial recognition software can now recognize bears: report” They’ll never get away with stealing picnic baskets again! Facial recognition software isn’t just for humans anymore — new technology can also recognize bears, CNN reported Sunday. Melanie Clapham, a postdoctoral fellow at the University of Victoria and bear biologist, teamed up with two Silicon Valley-based tech…
“# How has the COVID-19 pandemic affected the crypto space? Experts answer ” Who could have imagined a year ago how different our lives would be in just 12 months? Without any doubt, last November will remain a significant point in humanity’s history — the time when it all started. Although “patient zero” has not…
“# Cybercriminals attack GoDaddy-based cryptocurrency platforms ” Yesterday, security researcher KrebsOnSecurity reported that several cryptocurrency platforms hosted by popular hosting provider Godaddy have been attacked over the past week. According to KrebsOnSecurity, the attacks began on or around November 13th on cryptocurrency trading platform liquid.com. Liquid CEO Mike Kayamori said GoDaddy incorrectly transferred control of…
“# The word ‘decentralized’ has lost all meaning — Enough is enough ” Decentralization: It’s a word that holds so much power and promise. But over the years, it’s become painfully clear that this concept isn’t being given the respect it deserves — and the consequences can be downright dangerous. We live in a world…
“# Bretton Woods 2.0 is knocking at our door, and it’s not here to help ” Barely 100 years ago at the start of the 20th century, people were able to exchange dollars for gold at their local bank. While gold was too hard to trade between people, banking institutions held gold and gave people…
“# DeFi-ing expectations: Great opportunities in crypto can come at a price ” While 2020 will go down as one of the toughest the world has faced collectively in many years, the success of the decentralized finance sector stands out as a major milestone for the cryptocurrency community. Amid the ongoing COVID-19 pandemic, economies have…
“# Multiparty computation: The Trojan Horse of crypto regulation ” Every once in a while, the crypto community crowns a new king for secure transactions, and the latest king seems to be multiparty computation, or MPC. This year, MPC adoption by custodial and noncustodial players has progressed and gained market traction at a rapid pace….
“# The US election seals China’s victory in digital currency supremacy ” The world is engaging in financial warfare, and China is winning. China’s digital yuan — also referred to as Digital Currency Electronic Payment, or DCEP — will soon be used around the world. The People’s Bank of China is one of the most…