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Bangladesh Embraces the World’s First Blockchain-Based Smartphone


Another major leap of blockchain technology is marked as Bangladesh embraces the world’s first smartphone built on top of blockchain technology—Finney. The smartphone, manufactured by Sirin Lab based out of Switzerland, has recently been cleared by Bangladesh Telecommunication Regulatory Commission...

Crypto Banking Expands With Positive Interest Rates and New Services


Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks...

S&P Says GCC Banks Are Improving Rapidly Due to Tech Adoption


Over the past two decades, the advancements in technology have brought on far-reaching changes in the lives of individuals as well as in a range of industries. Tech is now the bedrock of most industries, and it is felt most acutely when it comes to the banking industry. Nowadays, the long-term...

China Adds Almost 100 Tons to Its Gold Reserves


The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...

WeWork Considers Slashing Its IPO Valuation to Levels Below $20 Billion


2019 might not have been a great year for the stock markets so far, but it has certainly been the year of mega initial public offerings. Earlier on this year, ride-hailing giant, Uber went public in the biggest IPO in the history of Wall Street. On the other hand, some other companies like Lyft...

Citigroup and Credit Suisse Focus on State Asset Sales in Africa


Over the course of the past decade or so, African countries have grown their economies at a remarkable rate, and consequently, the biggest banks in the world have set up shop in a range of the countries. One of the most common ways in which governments in developing economies raise money is...

Coinbase Ventures Makes an Investment into Offchain Labs


Coinbase Ventures, the investment division of the popular crypto exchange, has made an investment into an enterprise-focused start-up, Offchain Labs. Although the announcement did not reveal the amount of the funds, it highlighted that the funds would be used to prompt more developers into joining...

Bitkub Baggs Funding of $1.67m in Pre-Series A Round


Bitkub, Bangkok based crypto exchange giant recently bagged funding of $1.67 million in a round A of the pre-series. Based in Bangkok, Bitkub Capital Group Holdings Co., Ltd (BCGH) is on its way to channel the blockchain economy into its core potential and services. Moreover, company resources...

LG Likely to Give A Tough Competition to Samsung’s KlayPhone in Future


With cryptocurrencies gaining pace in the modern financial world, technology giants have started playing their ‘Big Bets’ on the virtual currency market. Recently, Samsung made headlines when it unveiled its highly anticipated blockchain-focused mobile phone named as KlaytnPhone, has given way...

LG ‘Likely’ to Follow Samsung into Blockchain Phone Market


Tech giant LG could be set to launch its own blockchain-powered smartphone in response to Samsung’s recently unveiled Klaytn Phone, say industry insiders in South Korea. LG is Samsung’s closest domestic rival, and according to a report from daily newspaper Chosun, LG is keen to respond to...

John McAfee Backed Illumnine Blockchain Incubator Breaks Cover


In order to give a fresh impetus to the adoption of blockchain technology, two industry veterans Team McAfee and Apereum have come together to launch Illumnine – a business incubator which will help the companies in their pursuit for the adoption of blockchain. This new venture will help...

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