To bring improvement in the customer experience, the State Bank of Pakistan (SBP) has called on all commercial banks to begin leveraging blockchain technology for customer identification, or Know Your Customer (KYC) verification. The incorporation of blockchain technology will enable banks to prevent money laundering, terrorism financing, decreasing the paperwork involved in the process of…
Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
Yuga Labs have unveiled an ordinal inscription collection TwelveFold, their newest and most ambitious foray into the NFT space. This collection is set to revolutionize blockchain technology with its unparalleled utilization of the bitcoin blockchain. With eye-catching features that encourages enthusiasts from all over to partake in this unique corner of the crypto sphere, it…
Polygon Labs, a leader in the volatile cryptocurrency industry, has caused shock waves by announcing that it will be cutting 20% of its staff. This move is indicative of a larger trend across major players like Spotify, Google’s parent company, and Amazon, who are similarly pruning their teams to stay stable in this turbulent economic…
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…
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…
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…
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…
It appears that due to the strict regulations concerning cryptocurrencies and the global economic crisis, many crypto firms are facing several hurdles when operating their business. Recently, Kraken, one of the largest cryptocurrency swaps in the world, has announced that it will be stopping its US crypto-staking business and compensating the US Commodity Futures Trading…
CZ Zhao, the mastermind behind Binance, exposed a critical loophole that was identified and dealt with swiftly by the BNB Core squad this week. Drawing on his extensive experience in the space, CZ demonstrated complete transparency about the matter, sending ripples through the crypto industry. It was thanks to his sagacity, along with the intrepid…
