Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments. The report by the Monetary Authority of Singapore, Bank of England and Bank of Canada notes that … Read more

Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

Australia

A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s … Read more

California Legislature Passes Blockchain Working Group Bill

California blockchain

The California Legislature has passed Assembly Bill 2658, which provides a legal framework for the recognition of blockchain technology in the state’s insurance code. Introduced by Democrat Ian Calderon, the bill sought to amend Sections 1624.5, 1633.2, and 1633.75 of the Civil Code, Section 25612.5 of the Corporations Code, Section 16.5 of the Government Code, and Section … Read more

Bank of America Admits Cryptocurrencies Are a Threat to Its Business Model

bank of america

Bank of America, one of the world’s largest financial institutions, admitted in an annual report that cryptocurrencies are a threat to its business model. The report, which was dated Feb. 22 and filed with the US Securities and Exchange Commission (SEC), listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank … Read more

US Customs and Border Protection Discovers 14 Blockchain Use Cases

US CBP Blockchain

An advisory committee to the U.S. Customs and Border Protection (CBP) is looking into the applicability of the blockchain and how it can be used within the agency. According to a published report, the working group was established by the Commercial Customs Operations Advisory Committee (COAC) in September. It was initially set up by the COAC and … Read more

Pirate Bay Resumes Mining Monero Using Visitor CPU Power

PirateBay monero

Torrent index The Pirate Bay has once again added monero mining scripts to its website, forcing unwitting users to donate their CPU power to generate revenue for the site. Pirate Bay Forces Visitors to Mine Monero As reported by the technical support website Bleeping Computer, The Pirate Bay has begun using Coinhive, a JavaScript library … Read more