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Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030. In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming.But while the country
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In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan
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ZAN is powered by technical innovations from AntChain Open Labs. Chinese fintech giant Ant Group, the creator of the world’s biggest payment platform Alipay, is expanding its foothold into the crypto industry with the launch of ZAN, a blockchain service platform aimed at both Hong Kong and global markets to simplify
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Blockchain technology can help solve economic problems in Nigeria and throughout the African continent, according to a group of local blockchain experts who cited Nigeria’s currency flow shortage as a case study.At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Nigeria’s capital, Abuja,
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Ant Group, the owner of the world's largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers. The official press release, published on Sept. 8, cites a wide scope of technical products
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There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain technology can be properly incorporated into
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Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission.On Sept. 7, LBRY filed a notice of appeal to the United States Court
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Bitcoin rose on Friday morning in Asia to trade above the resistance level of US$26,000, leading a rally across most top 10 non-stablecoin cryptocurrencies. The exceptions were Cardano and Toncoin, which both posted minor losses. Ether logged moderate gains but remained below US$1,650. U.S. financial services giant JPMorgan Chase &
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Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6. According to the authors, the combined impact of AI and distributed ledger technologies (DLTs), such as blockchain, has
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The Tokyo Game Show 2023 will feature Oasys and double jump.tokyo, highlighting the latest trends in blockchain gaming. The Tokyo Game Show 2023, renowned as one of Japan’s largest gaming expos, is set to host a significant exhibition on blockchain gaming. Oasys, a blockchain-based game development platform, and double jump.tokyo will
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