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Cardano’s Commercial Arm to Help Uzbekistan Form Blockchain Task Force

The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and exchanges (STXs). In a Jan. 20 press release, Emurgo revealed its new cooperation with the Uzbek government and Kobea Group &  Infinity Blockchain Holdings — the official …

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How Real World Use Cases Will Drive Crypto Growth in 2020

As Bitcoin enters its twelfth year, the past eleven offer a meaningful amount of time to identify key trends that have emerged around cryptocurrencies and blockchain technology. These trends provide insights that are helpful in projecting the future of the digital asset space and how it will take shape over the next decade. In reflecting …

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Russia’s New Prime Minister Sets Course for Digital Economy

The Prime Minister of the Russian Federation has called on the country to prioritize the development of the digital economy. As domestic news outlet RIA Novosti reported on Jan. 16, Mikhail Mishustin — who was confirmed in the position as the Prime Minister earlier today — noted some key priorities for his work and outlined …

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JPMorgan’s DLT Spin-off Completes Industry’s First Hybrid Blockchain

JPMorgan’s blockchain spin-off Kadena has fully launched its public blockchain, completing what it calls the “industry’s first hybrid blockchain platform.” Launched on Jan. 15, Kadena’s public blockchain includes full transactions and the ability to write smart contracts, the firm’s CEO co-founder and Will Martino said in a press release shared with Cointelegraph. The company claims …

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China’s Central Bank Completes Top-Later Design and Joint Tests of Planned CBDC

The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC). As domestic news outlet Sina reported on Jan. 10, People’s Bank of China (PBoC) accomplished the top-layer design of the planned digital yuan, developed relevant standards, carried out research and development and a joint …

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Blockchain Developer Ant Financial Ranks Fifth Largest Private Firm in China

Fintech and blockchain developer Ant Financial, an affiliate of e-commerce giant Alibaba, has been ranked the fifth most valuable private firm in China. In an inaugural rankings report by Hurun, which is best known for compiling a rich list for China, Ant Financial is the top firm in its field and fifth largest in a …

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Ant Financial Aims to Launch Its Enterprise Blockchain Platform This Month

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is reportedly launching its enterprise-focused “Ant Blockchain Open Alliance” platform this month. Local news agency Bihai123 reported on Jan. 8 that Ant Financial Group vice president Jiang Guofei, who is also president of Ant’s smart technology business group, revealed that the network has been live …

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Problems Escalate in Venezuela as Millions Rush to Spend Petros

</header> <strong>According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. A</strong><strong>t least one merchant is said to have been arrested.</strong> Also …

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Thanks Boomer? Bitcoin-Friendly Generations to Inherit $70 Trillion

Bitcoin (BTC) aware Millennials are set to inherit almost $70 trillion of value from the Baby Boomer generation by 2045. Data compiled and originally released in a November 2019 report by digital asset management firm Coinshares revealed those who grew up with Bitcoin will soon benefit from savings worth over three times the United States’ …

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Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live

Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live. Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30.  The BiGA system — first announced in …

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