Report

The Bank of England is exploring the possibility of creating its own digital currency. However, it is unlikely that the project is actually implemented before the next couple of years.

The Blockchain-based voting system announced in Russia has a vulnerability allowing for decrypting votes before the official end of voting. This feature questions the anonymity of voting, thus making it possible to manipulate people’s votes by forcing them.

Australians seem to be very vulnerable to fraudulent money-stealing schemes. In 2019 alone, the continent citizens lost over $634 million to cryptocurrency scams, with over $2 billion stolen during the past decade.

When whales hold Bitcoin, BTC’s circulation plummets which can enfeeble a bullish trajectory. The new report on cryptocurrency found out that under 20% of Bitcoin’s (BTC) total supply was moved for trading purposes.

An American involved in a $722 million cryptocurrency scam was arrested in Jakarta, Indonesia, Southeast Asia, for sex crimes and child molestation.

It has been argued that central bank digital currencies (CBDC) could threaten the existence of commercial banks by eliminating deposits that are the source of loans.

A new report by Financial Services and the Treasury Bureau has revealed that Blockchain has grown more and faster than any other technologies in Hong Kong’s fintech ecosystem in the financial year 2019, with most of its applications directed towards enterprise solutions and cryptocurrency trading platforms.

Although pilot tests for the digital Yuan have been launched and are happening progressively across four large Chinese cities, the governor of the Chinese Central Bank in a recent report by Xinhua news claimed no official date had been set for the launch of the long-awaited project.

The market for identity authentication management using blockchain and distributed ledger technology (DLT) is likely to grow to around $11.46 bln by the year 2026 – just six years from today.