Tuesday, February 18, 2020
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China Rolls Out National Blockchain Network to Enhance Virtual Economy

China’s nationwide blockchain network is due to be launched in the upcoming months. The blockchain-based service network (BSN) will contribute to improving the infrastructure of the blockchain sector in the country to develop the layout for newer blockchain projects and accelerate the growth of smart cities and the virtual economy.The

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Outrageous Predictions: New Asian Virtual Currency Will Counter Dollar’s Dominance

According to the new release of ‘Outrageous Predictions’ by the banking fintech company Saxo Group, The United States dollar’s long-lived reign as the main reserve currency might soon meet its end, especially as China has started working on the creation of a new digital currency that is driven by blockchain

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Ethereum-Based Virtual Museum Tokenizes Censored Bitcoin Artwork

Bitcoin artist “Bnoiit.c” has created an Ethereum-based virtual museum “Cryptovoxels” that ensures censored artworks are immutably preserved for an online audience.In its collection as of Aug. 25 has been a Bitcoin mural by French street artist Pascal “PBOY” Boyart, which was painted over by French authorities earlier this year. Revolutionary

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LocalBitcoins Receives Finnish FSA Virtual Currency Provider License

The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country.A safe pair of handsIn order to receive the registration, LocalBitcoins had

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Verizon Awarded Patent for Blockchain-Based Virtual SIM Cards

Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices.A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a

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Ex Employee Stole $10M in Virtual Assets from Microsoft; Used Bitcoin to Hide the Theft

News from the U.S. Attorney’s Office for the Western District of Washington revealed in a press release on July 16 that a former employee of Microsoft is currently awaiting trial after being accused of mail fraud for scheme to steal virtual assets like gift cards worth over $10 million.The accused,

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Goldman Sachs ‘Looking at Potential’ of Creating Virtual Currency, CEO Reveals

Goldman Sachs is performing “extensive research” on tokenization, the group’s chief executive told France’s Les Echos newspaper on June 27.David Solomon said he believes global payment systems are heading in the direction of stablecoins — cryptocurrencies pegged to fiat assets such as the U.S. dollar.Although he stopped short of

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