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UK Digital Asset Industry Calls for Government to Give Blockchain the Same Treatment as AI

The Fintech Times

One such technology that has arguably fallen to the wayside as a result of AI’s hype is blockchain. Advancing the blockchain and digital asset sectors is a necessity, and the letter reasserts the reason for this. To achieve this potential, the companies explain that there are four key points that must be considered.

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From Legacy to Innovation: The Ongoing Transformation of Banking through Technology

Fintech Weekly

While the digital revolution is still unfolding, specific offerings are more accepted as online standards, including budgeting and financial planning, investment management, and fraud monitoring. Additionally, the rise in digital currencies has contributed to more banks investing in blockchain for transaction purposes and related security.

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Bitcoin Daily: VCs Plow $3.9B In Crypto Ventures; Coinbase Taps Charles Schwab Advisor For Board

PYMNTS

Crypto research site Diar claims that startups in the digital currency and blockchain space have notched roughly $3.9 In addition, the report noted that the average size of investments in the blockchain and crypto space rose by $1 million this year.

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5 Top Fintech Trends Shaping the APAC Region in 2024

Fintech News

Experts and industry insiders hold a bullish outlook on the potential of these technologies to revolutionise finance, including in data-driven markets analysis and wealth management AI advisors. Some companies that have relied heavily on digital currencies have faced considerable challenges, while venture capital interest has shifted.

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Bitcoin Daily: BoE Advisor Says Cryptos Fail ‘Basic’ Tests; Wyoming Lawmakers Float Crypto Custody Bill

PYMNTS

The company makes a product for digital currency storage that it says is a “smart banknote for digital assets” and received the investment from SBI Crypto Investment, an SBI subsidiary. In the event that the bill makes it into law, it would consider digital assets to be property under current legislation.

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Bitcoin Daily: UNICEF Backs Blockchain Projects, Bitmain Shutters Israeli Development Center

PYMNTS

In other news, South Korea’s Shinhan Bank has started to tap into blockchain technology for its “daily working process,” according to Cryptovest. While the outlet said there wasn’t information on the “scale” of the bank’s use of the blockchain, it has piloted DLT through an interest rate swap transaction in November. as of 6:40 p.m.

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Bitcoin Daily: Bitcoin Hack Victims To Receive $13.8M; Bermuda Gov’t Boosts Blockchain Adoption

PYMNTS

Denis Pitcher, chief FinTech advisor to the Premier of Bermuda, told CoinDesk on Sunday (Feb. 2) that he is planning to introduce a platform that will let the island’s residents pay for government services using digital currency. He thinks that having a digital currency plan could be the way to start. .