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A Comprehensive Strategy for Managing Cryptocurrency Risk: An Overview from the White House

As the value of cryptocurrencies continues to soar, the United States government has developed a strategy to mitigate the risks associated with these digital assets. On January 27, 2023, the National Economic Council released a statement outlining the Administration’s Roadmap to Mitigate Cryptocurrency Risks. According to the statement, the Roadmap consists of three main pillars: …

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Ethereum’s Buterin Proposes Stealth Addresses to Improve Privacy Safeguards

Ethereum co-founder Vitalik Buterin has proposed a new way to enhance privacy and security protections for Ethereum users: stealth addresses. The concept of a stealth address is relatively simple and mirrors the way anonymous transactions are conducted with Bitcoin. To send funds to an Ethereum address, an individual would generate a single-use address to which …

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How Blockchain-based Smart Contracts Can Help Prevent Brutal Layoffs in the Tech Industry

It’s true that in recent months, many major tech companies have announced large-scale layoffs, despite their strong financial performance. This has led to a lot of uncertainty and anxiety for employees in the tech industry, and has highlighted the need for more secure and stable employment arrangements. One way in which blockchain technology can address …

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How Bitcoin mining helps communities while promoting renewables in Africa

Early December, Bitcoin mining company Gridless announced it had secured a $2M financing. The investors leading the round were venture capital fund Stillmark, and Block, a well known payment company co-led by Jack Dorsey. The funding will help the company expand its activities in East African regions. Gridless has already launched 5 five Bitcoin mining …

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Why an important EU public agency chose to leverage blockchain tech

The IP Register blockchain was launched last year, when the European Intellectual Property Office (EUIPO) created the genesis block on April 17th. This blockchain is used to record trademark registrations and updates as well as design fillings. The EUIPO announced this week that two new nodes had just joined the network, Italy and Poland, bringing …

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Why the project execution will always prevail any underlaying technology in a project’s success.

Maersk, the shipping firm, recently announced that it would be shutting down its five-year-old blockchain project TradeLens, a joint initiative with IBM. The Global Shipping Business Network (GSBN), which is backed by COSCO Shipping Lines, Hapag Lloyd, and six other companies, is considered to be TradeLens’s main competitor. Bertrand Chen, the CEO of GSBN, shared …

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How big banks promote blockchain tech with a new €100M digital bond issuance

Goldman Sachs recently launched its digital asset tokenization platform, GS DAP. The platform’s first transaction was the issuance of a €100m ($104m) digital bond for the EIB (European Investment Bank) on the private GS Blockchain. This is EIB’s second digital bond issuance, and like the previous one, it also involved Santander, Goldman Sachs, Société Générale, …

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How decentralisation ushers in a new era for financial markets, full of promise

The Monetary Authority of Singapore (MAS) announced last month that the first industry pilot under MAS’ Project Guardian, a project that explores potential decentralised finance (DeFi) applications in wholesale funding markets, had just completed its first live trades. Under the first pilot, DBS Bank, JP Morgan and SBI Digital Asset Holdings conducted forex and government …

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Recent hacks might suggest Web3 is not that secure. Really?

A complete switch to Web3 will require careful consideration of many factors, especially when you consider the promises of decentralised internets using public blockchains. Security is the most important feature of all, as Web3-powered tools and apps hosted on the blockchains become more and more mainstream. Although the blockchains are indeed invulnerable to hackers (except …

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