1.
Japan: More than 100,000 Merchants Start Accepting Bitcoins as Payment Method
In Japan, more than 100,000
merchants have started accepting Bitcoins as a payment method. This is going to
change the way people make payments and will lead to a new era of digital
transactions.
Japan has been a pioneer in adopting new technologies and this trend has been seen since the late 1990s when they embraced mobile phones. In recent years, companies have been looking for ways to innovate their payment systems to keep up with the digital revolution.
There are always fears of a bubble
or economic collapse when it comes to Bitcoin, but they have so far proven
unfounded. As with any economy there will be highs and lows but for now Japan
is leading the world in crypto adoption
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2.
Austrian Student Develops World's First AI-Tutoring System for Online Math
Courses
There are many reasons to use an AI
tutor. One of these reasons is that the AI tutors might be able to provide
content and exercises that will be more interesting and engaging than what a
human teacher can generate.
An AI tutor will also be able to
provide individualized feedback for each student. This personalized, one-on-one
instruction could lead to faster learning for students who struggle in math
courses.
Bitcoin is a cryptocurrency that can
be used to buy goods and services. Bitcoin was the first decentralized digital
currency. Bitcoin is mined by solving complex math problems.
3.
South Korea Financial Watchdog Bans Anonymous Trading of Cryptocurrencies
South Korea’s Financial Services
Commission (FSC) has banned anonymous trading of cryptocurrencies. The ban is
aimed at lifting the cloak of anonymity from cryptocurrency traders and will
require them to use real-name bank accounts for deposits.
The decision by South Korea’s FSC
comes after a series of heists on cryptocurrency exchanges in the country,
including the theft of over US$70 million worth of cryptocurrency from Bithumb,
South Korea’s second largest exchange, in June this year.
4.
Harvard University Study Says Bitcoin Is More Decentralized Than Previously
Thought
In a study presented at the IEEE
Symposium on Security and Privacy conference, a team of researchers from
Harvard University have analyzed bitcoin’s decentralized nature and found that
it is more decentralized than previously thought.
Their paper, titled “Bitcoin is more
Decentralized than Ever” concludes that it would take a coordinated attack from
51% of all bitcoin nodes to compromise the network.
5.
Blockchain and Crypto Discussion Panel Held at MIT Media Lab by the Digital
Currency Initiative (world first!)((Keyword))
The panel was made up of five
people, three of which were involved in developing the world's first
blockchain-based intellectual property system. The discussion they held about
blockchain and crypto was insightful and interesting.
The Digital Currency Initiative at
MIT Media Lab is a center for research in cryptocurrencies, digital currencies,
and related topics. Their most recent event was a Blockchain and Crypto
Discussion Panel with five panelists discussing the future of this technology.
6.
US Department of Justice Investigates Facebook's Libra Coin Plans as Potential
Violation of Money Laundering Laws (key words: crypto latest updates, crypto
latest update
Digital currencies are not backed by
or pegged to any national currency, and their exchange rates fluctuate with
changes in the market. These fluctuations, combined with the anonymity of
digital currency transactions, create potential opportunities for illicit
financial transactions.
The US Department of Justice is
investigating Facebook’s plans for Libra coin as it may violate money
laundering laws. The DOJ found that there are many ways Libra coin can be used
for illicit financial transactions because of a lack of a central authority to
regulate it. This caused an investigation on whether Facebook violated money
laundering law by not following the Bank Secrecy Act.
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