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South Korea Aims to Put Trade Finance on the Blockchain by 2021

15.10.2019
The government-backed program will bring trade and contract data into distributed ledgers

Diversified Crypto Fund Receives FINRA Regulatory Approval

15.10.2019
Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies. In addition, the firm offers nine single-asset investment funds, some of which...

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

14.10.2019
Dubai Chamber of Commerce signs MoU with Emirates NBD for blockchain-based trade finance within the Digital Silk Road initiative in the UAE

Trade Finance Blockchain Platform Marco Polo Collaborates With 20 Banks

14.10.2019
Having established itself as the world’s largest and fastest-growing blockchain-based trade and working capital finance platform, Marco Polo has expanded its working space by partnering with over twenty reputed banking networks. The platform is piloting its first trading phase of a strategic deal...

Karatbars Accused of Fraud; Claims Obama’s Sister is a Supporter

12.10.2019
Karatbars International is a project led by Harald Seiz, Josip Heit, Alex Bodi, and Ovidiu Toma. It is a global Multi-level Marketing (MLM) e-commerce business known for selling small gold bars and gift items in gold bullion. The company has come under fire recently over its past promises...

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

11.10.2019
Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia

Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

11.10.2019
Malaysia’s finance ministry says despite commanding significant attention, global and domestic adoption of crypto remains low

U.S. Warns Visa, Mastercard to ‘Proceed With Caution’ Regarding Libra

11.10.2019
In the wake of Paypal’s very public exit from the Libra project, U.S. lawmakers are now pressuring Stripe, Visa and Mastercard to rethink their membership of the Libra Association as well. On October 8, three letters from two U.S. senators urged the tech and finance giants to “carefully...

Japan Security Token Offering Association: The Way of Self-Regulation

10.10.2019
The emergent Japan Security Token Offering Association aims to renovate the STO market via self-regulation, promising to create a standard for others to follow. But are there any drawbacks to this novel approach?

SEC Rejects Another High-Profile Bitcoin ETF Proposal

10.10.2019
Another high-profile proposal for a bitcoin exchange-traded fund (ETF) has been denied by the U.S. Securities and Exchange Commission (SEC). The agency, however, emphasized that the disapproval was not based on whether bitcoin has utility or value as an innovation or an investment. Shares of...

United Nations Agency Unicef Launches Cryptocurrency Fund

9.10.2019
Unicef announced Wednesday that it has launched a cryptocurrency fund and become the first United Nations organization to hold onto its crypto donations. Without converting them into fiat, the fund will hold two cryptocurrencies and disburse them to support projects benefiting children worldwide....

Finastra Joins RippleNet to Support Cheaper Cross-Border Payments

9.10.2019
British financial software firm Finastra joins RippleNet, a global blockchain payments network with over 200 members

Bitcoin.com Partners with Canadian Gaming Giant Bravio Tech on Global Lotteries

9.10.2019
FOIN, a cryptocurrency company and a developer of the transparent payment system FoPay, announced the strategic partnership with Cyclebit, a crypto payment solutions provider. According to the official information, starting from that day, FOIN, the decentralized peer to peer cryptocurrency for...

Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance

9.10.2019
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s seeing growing adoption

Gigajoule to Unveil Gigajoule Token (GIGJ) to Finance Projects

9.10.2019
Gigajoule Floating Solutions, the high-tech electricity generation company, has broadcasted the news of the launch of its digital token named Gigajoule Token (GIGJ). The firm has decided to come up with the IEO with an intention to get the necessary funds required for financing the implementation...

Major German Coop Bank Passes Negative Interest Rates to Customers

9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

8.10.2019
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated...