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Seoul plans new cyber bill to target North Korean illicit crypto assets
Sep 05,2023
It is reported that South Korea is planning to come out with new cybersecurity legislations to thwart North Korea's illegal crypto asset trade. South Korean high-ranking government officials view that cryptocurrency has been facilitating North Korea'...
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PM Modi calls for an international cyber convention
Sep 04,2023
Indian Prime Minister Narendra Modi has cautioned against terrorists using the darknet, metaverse, and cryptocurrency for their malicious purposes and underscored the necessity of global cooperation in combatting cybercrimes during an interview with ...
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Data of 130 million Chinese hotel clients being sold on Dark Web for 8 Bitcoins
Sep 04,2023
The media reportsthat the data of around 130 million clients of the Huazhu Hotels Group in China is being sold at the Dark Web, for 8 bitcoins, which is around 56,000 USD. This price is considered very low having in mind the big amount of data that i...
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Chinese regulators put a hold on an Initial Coin Offerings (ICO)
Sep 04,2023
Chinese regulators put ahold on an Initial Coin Offerings (ICO) system of crypto-company monetization. The Initial Coin Offering is a principle in which companies working on cryptographic/distributed solutions, issue tokens as a way of monetizations....
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International Telecommunication Union focus group issued a technical report on application of distributed ledger technology
Sep 02,2023
ITU Telecommunication Standardization Sector focus group on Application of Distributed Ledger Technology (DLT) issued a technical report on DLT use cases. The report is focused on competitive advantage of the DLT, and identifies domains of possible u...
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The SEC charges a NFT company with unregistered offering of cryptoasset securities
Aug 29,2023
The US Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment company, Impact Theory, with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). Impact Theory...
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Indian PM Modi advocates global AI framework
Aug 28,2023
The Indian government's stance on AI governance has recently shifted from non-intervention to actively advocating a regulatory framework. PM Modi has called for a worldwide framework to guarantee the ethical utilisation of AI. Modi also expressed con...
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Hong Kong leveraging Web 3.0 to spur the economy
Aug 28,2023
Hong Kong's finance chief, Paul Chan Mo-po, in his weekly blog post, has urged the city to capitalize on the potential of the latest web technology, Web 3.0 and blockchain, in order to stimulate economic growth. According to Chan, the utilization and...
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Trend: blockchain startups focus on digital identity
Aug 28,2023
Although blockchain technology is mainly associated with the e-commerce and e-money and virtual currencies sectors, online cryptocurrency journal The Merkel has identified a trend that is bringing blockchain closer to digital identities. The journal ...
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U.S lawmakers visit Switzerland for the consultation on Libra regulation
Aug 25,2023
The United States Congress delegation of five congresspersons visited Switzerland in order to meet with the Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger, as reported week earlier in the Swiss media. Delegation is...
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Financial institutions working on a Utility Settlement Coin
Aug 24,2023
Deutsche Bank, Santander, ICAP, and BNY Mellon, joined the Swiss UBS in her plans to test 'Utility Settlement Coin (USC)'. USC would be an asset-backed digital cash instrument implemented on distributed ledger technology (blokchain) for use with...
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BIS study claims cryptoassets increase risks in emerging economies
Aug 23,2023
According to a Bank for International Settlements (BIS) report titled "Financial stability risks from cryptoassets in emerging market economies", cryptoassets have failed to live up to expectations and have increased financial risks in developing cou...
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