Day: December 20, 2023

Wall Street insiders hopeful about new banking infrastructure built on blockchain

Large financial companies, including JPMorgan Chase & Co., HSBC Holdings Plc, and Franklin Templeton, are moving to new systems built on the blockchain. Sandy Kaul, Chief Executive of wealth management firm Franklin Templeton, recently highlighted the transformative impact of blockchain technology on the global financial system, marking its most significant overhaul since the 1970s. This development, according to Kaul in an interview with Bloomberg, has opened the path for reengineering the financial markets on a global scale. Representatives from financial institutions are also noting a surge in the adoption of…

“We are not seeing the improvement both we and the public need” – ICO issues enforcement notice to GMP over transparency failures

Enforcement notice issued to Greater Manchester Police over failure to clear Freedom of Information backlog Force could be found in contempt of court if it fails to comply The ICO has today issued an enforcement notice to Greater Manchester Police (GMP) for repeated failures to respond to Freedom of Information Act requests. GMP currently has a backlog of 850 overdue requests. Of these, more than 800 are over six months old and 580 are over a year old. The oldest open request was submitted almost two and a half years…

We Are Growing Organically Like Bitcoin, Will ADA Prices Boom?

boss

Taking to X on December 18, Charles Hoskinson, the founder of Cardano, celebrated the network’s recent growth, noting that it’s mirroring the organic development of Bitcoin (BTC). While some have expressed concerns about network congestion, Hoskinson affirmed that Cardano is designed to handle such loads and has ample room for future scalability. Demand Increasing, Cardano Moving Away From “Ghost Chain” Status In a post garnering significant attention on X, the founder said he has been watching with ” glee as some people worry about Cardano’s blocks filling up.” The founder reminded the…