Automotive giant Toyota is delving deeper into blockchain use cases through its involvement with a Web3 hackathon for decentralized autonomous organization (DAO) developers. On Feb. 1, multi-chain smart contract and decentralized application (dApp) network Astar announced its inaugural Web3 hackathon. ...
CryptoUpdateClub Latest Articles
Saudi Central Bank Says Ongoing CBDC Experiment Focused on Domestic Wholesale Use Cases – Fintech Bitcoin News
admin
Saudi Arabia’s central bank digital currency (CBDC) experiment, which is being carried out in conjunction with local banks and fintechs, is presently focused on domestic wholesale uses cases, the central bank has said. Meanwhile, the Saudi Minister of Finance has ...
China’s digital yuan gets smart contract functionality alongside new use cases
admin
China’s Central Bank Digital Currency (CBDC) — the digital yuan, or eCNY — has received upgrades giving it smart contract functionality alongside a series of newly unveiled use cases. The smart contract function was launched on the Meituan app, a ...
3 blockchain use cases that extend beyond crypto
admin
Blockchain use cases have expanded far beyond cryptocurrency in recent years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics and financial services. There are many factors behind the hype. Blockchains are decentralized, transparent ...
Fraudulent Cases Abusing Paycheck Protection Programme (PPP) Uncovered
admin
The Select Subcommittee on the Coronavirus Crisis, chaired by Rep. James E. Clyburn, has released a staff report detailing the poor performance of many financial technology companies (fintechs) in administering the nation’s largest pandemic relief programme, the Paycheck Protection Programme ...
What are the Use Cases of Smart Contracts? With Baton Systems, DappRadar, CertiK, Endaoment
admin
Year in, and year out, people continue to wonder how long the crypto hype is going to continue. The volatility of the market keep leading some to believe that the digital currency’s time has come to an end. But without ...
How it differs from other Chapter 11 cases
admin
Collapsed crypto exchange FTX and 130 affiliates filed for bankruptcy in Delaware on Nov 11. Chaos followed as a number of FTX creditors, investors and industry experts began to question what would happen next. Laura Shin, crypto journalist, author and ...
IRS Building ‘Hundreds’ of Crypto Cases — Official Says $7 Billion in Crypto Seized in 2022 – Taxes Bitcoin News
admin
The Internal Revenue Service (IRS) is building “hundreds” of crypto cases to crack down on tax evasion, an official reportedly said. In the fiscal year 2022, the IRS Criminal Investigation Division seized about $7 billion in cryptocurrency, which was double ...
IRS prepares for an increase in crypto cases in the upcoming tax season
admin
The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing ...
Bitcoin analysts map out the key bull and bear cases for BTC’s price action
admin
Research has detailed Bitcoin’s recent record-low volatility and while traders expect an eventual price breakout, the Oct. 26 BTC price move to $21,000 is not yet being interpreted as confirmation that $20,000 has now become support. In a recent “The ...