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China’s Central Bank Promotes Blockchain Utility

China’s Blockchain Service Network (BSN) Wants to Unify Blockchains Globally

July 27, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Blockchain-based Service Network (BSN) a distributed ledger technology (DLT) project launched by Chinese startup, Red Date Technology, with the full backing of the government, is aiming to beat the odds and bridge the divide between various blockchains across the globe, reports Bloomberg on July 27, 2020. BSN Making Steady Progress ...

85% of Italian Banks Are Exchanging Interbank Transfer Data on Corda

55 Italian Banks Now Using Corda Blockchain for Interbank Data Transfers

July 27, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Spunta, an R3 Corda-powered blockchain solution is now being used by a massive 85 percent of Italian financial institutions for superfast and secure interbank reconciliations and data transfers, according to reports on July 27, 2020. Italian Banks Integrate Corda In a bid to drastically reduce the time required to complete...

Everything You Need to Know About Cryptocurrency Regulations

Poland’s Financial Watchdog Mulls Crypto Regulation

July 24, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace,...

Trustology Primes ETH 2.0 Staking for Institutional Clients

ETH 2.0: Trustology Readies to Offer Institutional Investors Secure Staking

July 24, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Trustology, a crypto custodial platform that claims to offer users secure storage of private keys without compromising on speed, ease-of-use or access, has announced that it will offer institutional investors ETH-2.0 staking support. Institutional clients will be able to stake their ether via mobile, web, or API integration, according to...

Japan’s Financial Watchdog Whitelists OMG Network Token

Japan’s FSA Approves OMG Network Token for Trading on Exchanges

July 23, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Japan’s Financial Services Agency (FSA), the agency in charge of regulating cryptoassets in the country, has approved OMG Network’s native token for trading on crypto exchanges, making the digital asset the 26th crypto to be whitelisted by the FSA. GMO Coin, one of Japan’s leading bitcoin (BTC) trading venues has...

Chinese Authorities Propose the First Set of Blockchain-Specific Regulations

Beijing Taps Blockchain Technology for Stock Trading and Custody

July 23, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

The Beijing Municipal Government has announced a new blockchain pilot for stock registration and custody. The distributed ledger technology (DLT) system will be used by the Beijing Equity Exchange Center which is under the purview of the China Securities Regulatory Commission, according to a press release on July 21, 2020....

Italy’s Coldiretti and Princes Tap VeChain (VET) for Farm Produce Tracking

July 21, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Coldiretti, Italy’s leading organization of farmers at both the national and European levels, is joining forces with Princes, a multinational food company that reportedly processes more than three million tons of tomatoes annually, to organize a blockchain pilot powered by VeChain (VET) ToolChain. The distributed ledger technology (DLT) pilot which...

U.K. Authorities Seek to Regulate Bitcoin Related Adverts

July 21, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Her Majesty’s Treasury (HMT), in collaboration with the government of the United Kingdom, has put up a proposal that seeks to give the country’s financial watchdog, the Financial Conduct Authority (FCA), the power to regulate some crypto-related advertisements in the region. The primary objective of the move is to promote...

Grayscale Investments Announces Approval of Public Quotations for Eligible Shares of Grayscale Bitcoin Cash Trust and Grayscale Litecoin Trust

FINRA Greenlights Grayscale’s Bid to Launch Litecoin and Bitcoin Cash Trusts

July 21, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Grayscale, a leading cryptocurrency asset management firm with $4 billion assets under management, has received approval from the United States Financial Industry Regulatory Authority (FINRA) to launch its Bitcoin Cash Trust and Litecoin Trust and make the shares available for public trading on over-the-counter (OTC) markets, according to a press...

Synthetix (SNX) Launches Decentralized Asset Management Protocol on Ethereum Ropsten Testnet

July 20, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Synthetix (SNX), a derivatives liquidity protocol that facilitates the issuance and trading of synthetic assets, has announced the launch of dHedge, a decentralized asset management protocol. The team says dHedge will offer users non-custodial mimetic trading for assets on the Synthetix network, according to a blog post on July 20,...

Twitter Hack: Jack Dorsey Receives Open Letter from U.S. Senator; FBI Reportedly Leading Inquiry

July 17, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Following Wednesday’s serious security breach on Twitter, U.S. Senator Josh Hawley has sent an open letter to bitcoin-friendly Jack Dorsey, the CEO of the microblogging platform in a bid to find out the steps the team is taking to mitigate the attack, according to a report on July 16, 2020....

IBM Launches “Farmer Connect” to Track Coffee Supply Chain via Blockchain

Leading U.S. Coffee Manufacturer Employs IBM Blockchain for Coffee Traceability

July 16, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

J.M. Smucker SJM (NYSE), a leading coffee manufacturer in the U.S. has adopted IBM’s Food Trust blockchain solution for the tracking of its 1850 Colombian Coffee brand right from the farm, down to the shelf. In addition to fostering transparency in its coffee supply chain, Smucker aims to make it...

VeChain - European cruise operator Color Line integrates My Care

Norway’s Largest Cruise Ferry Line Uses DNV GL and VeChain’s (VET) My Care Solution

July 16, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Color Line AS, Norway’s largest cruise ferry line that offers both passenger and freight transport to and from Norway and other parts of Europe, has adopted DNV GL’s MY Care COVID-19 infection risk verification solution powered by VeChain (VET) ToolChain, according to a press release on July 14, 2020. Color...

Bitcoin's in a blender with lightning coming out of it blue BTC

Darknet Entities Sent $67M Worth of BTC to Bitcoin Mixers in Q1 2020

July 15, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitfury Crystal, a blockchain analytics platform has released a new report detailing the use of bitcoin transaction mixers by darknet users from 2019 to Q1 2020. The report states that darknet entities used bitcoin transaction mixers to cover their paths more in the first quarter of 2020 as compared to...

This El Salvador Village Adopts Bitcoin As Money

This Tiny El Salvador Town Has a Thriving Bitcoin Economy

July 15, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

El Zonte, a rustic beach town of just 3,000 people located on the coast of El Salvador in North America, uses bitcoin (BTC) as its sole currency and medium of exchange. The people of El Zonte have created a robust crypto-economy for themselves, using the world’s flagship crypto to run...

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