Blockchain

In simple terms, capitalism is an economy where private entities have the financial power to utilize available resources as they wish. Every investor practices some form of capitalism. Therefore, investors take advantage of capitalism's most significant benefit, which is the ability to create wealth. Capitalism has been beneficial in society as countries grow economically, and living standards are improved.  Strong free enterprises get a significant boost since prices of goods and production levels are based not on a regulating body…

The United Kingdom has announced plans to research stablecoins and a central bank digital currency (CBDC). The Treasury Department of the United Kingdom is drafting proposals to regulate private stablecoins and investigate digital currencies as an alternative to cash. This news is coming off the back of the UK's recent departure from the European Union (EU). The government is now looking for productive and innovative ways to improve its financial sector. In an official announcement, the UK Treasury Chancellor Rishi…

The Financial Service Commission (FSC) in South Korea will ban privacy-centric digital assets or “dark coins” from crypto exchanges. Also, Virtual asset providers will no longer be allowed to handle transactions involving privacy coins. In an official announcement on the 3rd of November, the Financial Services Commission stated its privacy coins position. According to the announcement, there have been updates to the current regulations for exchanges with privacy coins. The regulation in concern is the Special Payment Act that offers…

The United Nations Office on Drugs and Crime (UNODC) has advised the Kenyan government to leverage technology to fight corruption. According to the Corruption Perceptions Index 2019, the East African country ranks 137 out of 180 countries for corruption. The least corrupt countries are at the top of the list. Kenya has been struggling with massive corruption in the public as well as private sectors. Main loophole: manipulation of the procurement system According to audit reports, the country's main corruption…

In a recent announcement, Pundi X has partnered with leading blockchain intelligence solution Merkle Science.  According to the report, Pundi X will integrate Merkle Science solutions to track cryptocurrencies' illicit use. Merkle Science offers transaction monitoring solutions that track and validates individual transactions made on the blockchain. Pundi X intends to enable tracking of funds from the source and flagging potentially illicit accounts. Thus ensuring that only legitimate transactions are performed on its blockchain network. Pundi X is an established…

Zilliqa Sharding Technology part of Stanford University Curriculum Zilliqa Sharding technology is listed among the course scaling blockchain subjects at the prestigious Stanford University. This was indicated by  Amirt Kummer, who shared an image on Twitter.    The Course also includes other key blockchain concepts like Ethereum 2.0 and blockchain application for transparency in governments. Zilliqa is regarded as one of the top blockchain projects and is seen by many as scalability problems.  The blockchain platform has proven to support up…

To ensure thorough comprehension, here are some cryptocurrency terminologies and what they mean as used in this guide: Node (blockchain node): Computers connected to the network that store a full copy of the ledger and process transactions, i.e., miners Wallet: a software or hardware + software container for keeping, sending, and receiving cryptocurrency. Protocol: a set of rules that govern how nodes or computers in a system communicate with one another. Ledger: Decentralized database or record of transactions. Used interchangeably…

Blockchain, as we all know, is a chain of blocks but not in a literal sense; when we talk of "Block" and "Chain," it is all about digital information that is the "block" stored in a digital database, the "chain." Blocks store information concerning transactions like time, date, and dollar amounts of the most recent purchase.  Cryptocurrencies are a form of micro or virtual currency running on a technology known as blockchain technology. You can owe this innovation coming into…

Global consulting firm PowerhouseCooper (PwC) has revealed 12 countries set to dominate the next decade's blockchain sector. As per a report on distributed ledgers, PwC stated its projections for the next decade, which had some interesting observations. Familiar Countries lead the way The United States and China unsurprisingly lead the way and are expected to dominate the scene for another decade. Both nations have made conscious efforts towards blockchain regulations and creating a good ecosystem for developers. China is expected to…