Wednesday, October 28, 2020
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Russia doesn’t need to be first with a digital currency, says state expert

A Russian official argued that the country should have launched research on a central bank digital currency four years ago in order to claim leadership in the field.However, according to Dmitry Peskov, a special representative of the President of the Russian Federation on digital and technological development, the first-mover advantage also

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Why DeFi, in its current state, is destined to fail

Decentralized finance, in a nutshell, promises transparency and offers beneficial terms for borrowers. DeFi platforms are supposed to build an alternative financial system for offering/receiving loans, exchanging currencies, making payments, etc. There are no banks, brokers or trusted third parties, governments are not involved, and finally, notorious middlemen are eliminated.

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Australian State Treasury Proposes ‘Flexible’ Regulatory Reform for Blockchain

The Treasury Department of New South Wales (NSW), an Australian state, is exploring regulatory reform for blockchain and other emerging technologies. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent

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Bitcoin (BTC) Futures Trade Volume in a State of Constant Decline

Quick take:The daily Bitcoin futures trade volume is constantly decreasing. One reason for the decline could be the summer season in the Northern hemisphere providing traders with activities to do other than trading. Bitcoin is once again battling to maintain levels above $9,100. The daily trade volume of Bitcoin (BTC) futures across all

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Michigan State University Hit by Ransomware, Refuses to Pay Criminals

In early June, media outlets reported that the NetWalker ransomware gang had attacked Michigan State University, or MSU. At the time, the gang threatened to leak students’ records and financial documents. The university’s officials now have said that they will not pay the ransom.According to Detroit Free Press, the unspecified

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