Banking dates back to the Mesopotamian era (i.e., 8000–2000 B.C.) when Babylonians depositing gold had to pay as much as one-sixtieth of the total deposited. In fact, the code commissioned by Hammurabi, king of Babylon c. 1792–1750 BCE, stipulated in several laws how citizens were to conduct their banking activities (i.e., loans, repayment, deposits, etc.). Today, […]
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An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. The International Swaps and Derivatives Association (ISDA) published guidance for trading digital asset derivatives to clarify what happens when things go wrong in an underlying market, such as the collapse of […]
We often think of blockchain technology as the hidden power behind cryptocurrency transactions. But what if I told you that these secured networks also support some of our most cutting-edge technologies? eSIMs, electronic SIM cards, can now be powered by a decentralized blockchain system. The future of mobile technology is eSIMs supported by blockchains. These […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
DID technology is like a magic wand in the world of telecommunication! It’s revolutionizing the way we protect our personal information and network resources. In the current digital era, where cyber threats are rising, DID offers an effective method of confirming user identities. And also ensures that only authorized individuals have access to sensitive information. In the […]
Everyone is curious to know what the world will look like in the future. Hold on if you thought of flying cars and robots! There are other fascinating technological developments to consider, like digitalizing paper money. Digital currency is not a newly generated term, as we became familiar with it a long time ago. The […]
As we hear the argument about tech companies taking over the responsibility of governments, our minds technically travel back to the early days of Covid19 pandemic, when everything suddenly became virtual. This downturn had no alternative, which made every sector reliant on technology. Technology has played a dominant role in implementing government systems on a […]
Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed. Investors were left with large losses and regulators stepped up calls […]
With its promise to bring forth endless opportunities in social connections, mobility, and intertwining the physical world with the virtual one, the metaverse will open new economic ventures of all scales, and city is riding the wave towards its next technological advancements with the Dubai Metaverse Strategy. The City of Gold announced plans to work […]