Britain set out a detailed plan on Monday to exploit the potential of crypto assets and their underlying blockchain technology to help consumers make payments more efficiently. As part of creating a global crypto asset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net such as […]
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The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according to a senior U.S. official and two people familiar with the matter. The classified briefings are part of Washington’s broader strategy to prepare providers of […]
When comparing traditional and digital banking, we will find a remarkable number of advantages for digital banks. Their capabilities exceed those of ordinary banks with the mounting flexibility wave of financial technology’s (Fintech) emerging new technologies with the likes of cloud computing securing businesses globally. But what does digital banking really provide to both the consumers […]
The sweeping restrictions imposed on Russia to block its access to global exports of goods from chips to computers and electronics are likely to accelerate China’s own push for self-reliance in the semiconductor industry, analysts said. Following Russia’s invasion of Ukraine on Thursday, Washington – as part of a package of measures – announced export […]
A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a quantum […]
In its latest iOS update on Thursday, Apple fixated its attention on the battery drain issue targeting some Mac users since macOS 12.2 update. The Big Tech giants revealed its latest version, 12.2.1. contains critical fixes for “an issue for Intel-based Mac computers that may cause the battery to drain during sleep when connected to […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]
The U.S. House of Representatives was expected to pass on Friday a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition. The Democratic-majority House is expected to back the “Competes Act” largely along party lines. Passage would send the measure for negotiations with the Senate on a […]
The largest U.S. labor organization said Monday it strongly supported a U.S. House of Representatives bill designed to improve competition with China, boost U.S. semiconductor production and reform key trade provisions. The AFL-CIO trade federation representing 12.5 million workers said in a letter to lawmakers the bill’s $52 billion for chips is critical to “addressing […]
It is, by definition, a decentralized ledger. Every record written and every action and transaction occurring on the blockchain is secured by a unique cryptographic key that is meant to be unhackable. Every time a new block on the chain is formed. This means that every action on the blockchain is dependent on the two […]