The Chinese blockchain network is reportedly being built, according to CNBC. China has been silently developing this framework to make blockchain technology more easily deployable for businesses and enterprises, naming it Blockchain-based Service Network (BSN). President Xi Jinping of China has emphasized that his country must take advantage of the prospects presented by blockchain technology. […]
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A top official at the U.S. Securities and Exchange Commission (SEC) signalled on Thursday that stricter rules around crypto stablecoins could be drawing closer. Cryptocurrency markets have an overall value of about $1 trillion this week amid the collapse of the stablecoin TerraUSD and a destabilising plunge in Tether, currently the world’s largest stablecoin by […]
The United States will share technologies used to make COVID-19 vaccines through the World Health Organization and is working to expand rapid testing and antiviral treatments for hard-to-reach populations, President Joe Biden said on Thursday. Speaking at the second global COVID-19 summit, Biden called on Congress to provide additional funds so that the U.S. may […]
Britain risks missing out on capturing a larger share of the electric vehicle (EV) battery supply chain unless the government does more to help startups gain access to private financing, according to a study released on Tuesday. Only the private sector can provide enough finance to fuel the transition to zero-emission transport – with battery […]
Blue tungsten winking from the walls of abandoned mine shafts, in a town that’s seen better days, could be a catalyst for South Korea’s bid to break China’s dominance of critical minerals and stake its claim to the raw materials of the future. The mine in Sangdong, 180 km southeast of Seoul, is being brought […]
El Salvador, the first country to declare bitcoin (BTC) as legal currency last year, has resumed its bitcoin buying frenzy by purchasing another 500 tokens for $15.3 million, according to a Tweet by Nayib Bukele. El Salvador paid an average of $30,744 for each bitcoin, Bukele said, seizing the opportunity to buy the bitcoin price dip. El […]
European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2 percent to touch its lowest since March 10. Miners fell 2.8 percent as Chinese […]
Britain will give statutory powers to a new technology regulator so it can enforce pro-competition rules and prevent tech giants including Google and Facebook from using their dominance to push out smaller firms and disadvantage consumers. “The government will introduce legislation to put the Digital Markets Unit on a statutory footing in due course,” the […]
Uganda’s central bank is considering whether to issue a digital currency and has not banned cryptocurrencies, but has concerns about risks from the technology including consumer protection and financial inclusion, a senior bank official said on Friday. “Bank of Uganda is currently doing preliminary studies on whether or not a central bank digital currency should […]
When it comes to finding the appropriate party to serve as its distributor, rocket manufacturer, and technology guru, the Department of Defense (DoD) fixed its sight on SpaceX, multi-billionaire entrepreneur Elon Musk’s aerospace company. In one of the U.S.’s attempts to empower its stance in the fight of the powerhouses with China, the relation between […]