The smart contracts feature of blockchain technology can be used for more than just supporting cryptocurrencies; in fact, this feature inspired developers to come up with an entire new sector within the lending industry. Decentralized finance (DeFi) essentially consists of applying blockchain technology to peer-to-peer lending networks, and its flagship…
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99Crypto
Regulating Cryptocurrency as the 2020s Commence
Regulatory compliance has become one of the most pressing issues for cryptocurrency exchange platforms. Not long ago, these platforms operated in a sector often described as a free-for-all where investors who don't know any better; however, times are changing and financial regulators are starting to tighten the screws…
How Complex Digital Cryptography Protects the Data of Cryptocurrency Investors
When there are advances in digital cryptography, they have the possibility to make cryptocurrency transactions faster and more secure. Multi-Party Computation Multi-party computation is a way for people to carry out secure joint computations without revealing their inputs. Individuals hold key shares so there is no one place a hacker…
News About HBSC and Its Plans to Cut 35,000 Jobs
From now until the year 2022, financial services giant HSBC will eliminate 35,000 jobs as part of an effort to increase its technological platforms. In addition to the massive job cuts, the international bank will also shut down hundreds of branches around the world, particularly in the United States,…
BitGo Has Made a Purchase of the Harbor Platform Firm
In a February 18, 2020 statement, BitGo explained its purchase of Harbor. BitGo is a digital asset custodial company. Harbor is known as an online platform for the sale of digital securities. According to BitGo's CEO Mike Belshe, the firm's vision has long been larger than…
Four European Telecommunications Companies to Use Blockchain for Smart Contracts
Four telecommunications companies in Europe are conducting trial runs of blockchain applications that will allow them to improve the intricate process of managing roaming service agreements with other service providers. The companies in question are some of the world's largest providers of wireless communications services: Deutsche Telekom, Orange,…