[ad_2][ad_1] Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming Deloitte survey titled “Financial Services Industry Outlooks 2020”. Preliminary results shared with Cointelegraph indicate that 27% of institutions surveyed expect a “slight increase in spending” for blockchain and distributed ledger technology, while 14% …
Read More »Russia’s proposed digital ruble could track public spending
[ad_2][ad_1] Russia’s central bank, the Bank of Russia, has released a report on the potential launch of a digital ruble. The new report, released on Tuesday on the Bank of Russia website, does not promise an immediate launch. According to the report, the bank is open to feedback on the …
Read More »The developers of Ethereum Classic (ETC) deny a 51% attack, double spending
[ad_1] Cryptocurrency, Ethereum Classic (ETC) –In a bizarre breakthrough in the history of Ethereum Classic, developers for the ETC token now claim that the blockchain has not suffered a 51% attack, as well as denying the presence of double spending. Such as reported at the start of the day at …
Read More »Vertcoin 51% of attack could have caused $ 100,000 in double spending
[ad_1] Vertcoin has recorded uninterrupted attacks of 51%, resulting in a $ 100K double spending on the network. Approximate couple of months for Vertcoin In a detailed blog post, Coinbase's security engineer Mark Nesbitt revealed that the Vertcoin network suffered repeated attacks of 51%, with the largest reorganization with a …
Read More »China bans all cryptic events after spending $ 3 billion to fund blockchain startups
[ad_2][ad_1] The Chinese government has banned all commercial events related to crypts and blockchains in the region, after encouraging local financial authorities to accelerate the development of blockchain technology. Red Li, the co-founder of 8BTC and Chinese cryptocurrency researcher, shared a document issued by the Chaoyang District government in Beijing, …
Read More »Alibaba's earnings: spending for a future beyond e-commerce
[ad_1] Alibaba Group Holding Ltd. dominates online shopping in China, but the company has bigger plans in mind. The Chinese e-commerce giant is aggressively investing as it seeks to profit from multiple aspects of retailing, including food delivery and physical stores. These are part of Alibaba BABA, + 0.46% Initiatives …
Read More »Bank of China to increase Fintech spending, to continue projects Blockchain – CIO Journal.
[ad_2][ad_1] The Bank of China information manager recently shared details on the bank's blockchain efforts while unveiling plans to increase fintech spending, according to local news Liu Quiwan said the commercial bank run by State, which is distinct from China's central bank, will increase its investments in a range of …
Read More »Despite spending $ 160 million annually, IBM Blockchain is still lacking in adoption
[ad_2][ad_1] While IBM was cautious in supporting cryptocurrency projects, the New York technology giant has still done its best to make a successful blockade into the blockchain space. But as some skeptics see it, IBM has not done much to make a significant impact on this flowering industry. IBM and …
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