China’s cashless future, PBoC gets ready to launch world’s first national cryptocurrency

China’s cashless future, PBoC gets ready to launch world’s first national cryptocurrency

WHY THIS MATTERS IN BRIEF The use of cash in society is falling and some of the world’s largest central banks are creating new cryptocurrencies and planning for a future without cash.   China’s central bank has announced that it’s going digital, but while that shouldn’t be a surprise to...

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Russian researchers have created a ‘Quantum safe’ blockchain

Russian researchers have created a ‘Quantum safe’ blockchain

WHY THIS MATTERS IN BRIEF Tomorrow’s quantum computers will be able to crack at least seventy percent of all today’s encryption algorithms within minutes, but now Russia says they’ve created the ultimate, secure blockchain technology.   Researchers at the Russian Quantum Center (RQC) announced earlier this week that they’ve created...

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An AI hedge fund designed a cryptocurrency to open source Wall Street

An AI hedge fund designed a cryptocurrency to open source Wall Street

WHY THIS MATTERS IN BRIEF The finance marketplace is unique in that, unlike the technology sector, it has little to no “network effect” but one entrepreneur is trying to change that.   Wall Street is a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is...

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Sweden wants to become the worlds first cashless society

Sweden wants to become the worlds first cashless society

WHY THIS MATTERS IN BRIEF With the use of cash diminishing around the world Governments are beginning to prepare themselves for a cashless future.   The use of cash in Sweden has dived by 40% since 2009 when the central bank decided to rescind the country’s highest denomination banknote and now, faced...

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The Hard Fork, D-Day for Ethereum and the DAO

The Hard Fork, D-Day for Ethereum and the DAO

Last month, an unknown attacker drained tens of millions of dollars worth of the digital currency Ether from The DAO, an Ethereum based smart contract aimed at functioning as a funding vehicle for projects in the ecosystem. The incident sparked an effort to effectively roll back the clock and undo...

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