#trade News

Yield farming frenzy pushes Uniswap daily volume over $1 billion

DeFi Platform Uniswap Sees $1 Billion in Daily Trade Volumes

September 3, 2020 by Shaurya Malwa at Altcoins, DeFi

The increase in yield farming activity on decentralized exchange SushiSwap, a fork of Uniswap, and other similar protocols have piloted the rise of Uniswap to the first DEX to exceed $1 billion in terms of 24-hour trade volumes, data shows. Uniswap Hits $1 Billion in Volume As per data on...

Nigerians Using Bitcoin for International Trade Despite Regulatory Uncertainties

August 13, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitcoin (BTC), the world’s flagship cryptocurrency is rapidly gaining traction around the world as a tool for international trade and commerce. Several forward-thinking businessmen in Nigeria are now using the blockchain-based digital currency to scale the hurdles of foreign exchange in the region, according to a report on August 13,...

Link’s Trading Volume on Coinbase Surpasses That of Bitcoin

Chainlink (LINK) Trading Volume on Coinbase Surpasses That of Bitcoin

August 10, 2020 by Shaurya Malwa at Altcoins

Blockchain agnostic platform Chainlink saw record volumes on Coinbase yesterday, surpassing even those of Bitcoin, reported Coindesk over the weekend. Trade Volumes Cross Coinbase On the back of the booming DeFi market and demand for decentralized oracles, Chainlink’s LINK tokens are seeing a huge frenzy. Investors pushed the token’s value...

Millions of Visa-accepting stores in Mexico

Mexico: Residents Can Now Spend Crypto at Millions of Visa-Accepting Stores

August 5, 2020 by Shaurya Malwa at Altcoins

A Mexico-based cryptocurrency exchange, Tauros, announced the region’s first crypto debit cards in a partnership effort with Dash on August 4. The card can be used at any Visa-accepting store and is only available for Mexican residents. Latin America Gets Its Crypto Moment Crypto fanatics in Mexico can now boast...

Saudi Arabia and Bahrain Use Blockchain Technology to Finance International Trade

November 21, 2019 by Edoardo Vecchio at Blockchain

SABB and HSBC executed for the first time a blockchain-based trade transaction between Aluminium Bahrain B.S.C. (Alba) to Saudi Arabia’s Altaiseer Aluminium Corporation (TALCO). The news comes from an official post by SABB on November 20, 2019. Global Trade Faster, Safer, and Simpler The transaction executed by SABB and HSBC...

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

May 31, 2018 by contributor at Altcoins, Business, Finance, News

Despite the criticisms that the controversial Petro cryptocurrency has faced both locally and internationally since its launch in February 2018, the coin’s backers have unsuccessfully tried their best to gain relevance and seek a robust use-case. However, most countries have thwarted the idea of using a cryptocurrency for official deals....

HSBC Concludes – “Blockchain Is Viable” After Successful Trade Deal

May 15, 2018 by Priyeshu Garg at Altcoins, Blockchain, Business, Finance, News, Tech

HSBC Holdings announced that it had completed its first scalable blockchain-based trade finance transaction through which it has concluded that blockchain is ready for mass adoption in the trade finance market. HSBC revealed that it concluded that blockchain is a commercially viable technology after processing a letter of credit on...

Former Presidential Advisor Warns of Cryptocurrencies’ Potential For Sanction Skirting

February 11, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Commentary, News, Regulation

Juan Zarate’s most prominent time in the limelight was during the presidential reign of George W. Bush. Serving as the former president’s Deputy Advisor and Deputy National Security Advisor for Combatting Terrorism, Zarate led the Treasury’s efforts to undermine the funding of terrorism by way of various financial embargoes and...

UPS Joins Blockchain in Transport Alliance To Revolutionize Trillion Dollar Freight Industry

December 19, 2017 by Nigel Dollentas at Blockchain, Business, News

UPS recently announced their participation in a forum called Blockchain in Transport Alliance, or BITA, which looks to develop blockchain technology tailored for the freight industry, as well as educate members of the forum about the blockchain and its implications for logistics. With Freight and Logistics accounting for $1.5 trillion...

Furthering the Efficiency and Security of Trade Flows with the Blockchain

November 15, 2017 by Farzana Begum at Blockchain, Business, News

Since the entry of shipping containers in the 1950's to transports goods passing different borders, international trade has not adopted any technological advances aiding the process shipments go through. Typically, there has been little change in the way goods are transferred from one location to the other. For example, the...

Port of Rotterdam Launches Blockchain Lab

September 29, 2017 by Joseph Young at Blockchain, News

The Municipality of Rotterdam and the Port of Rotterdam Authority in the Netherlands have launched BlockLab, announced on September 21. The blockchain research lab that will focus on demonstrating the potential of blockchain technology in industries outside of finance. BlockLab and its operations will be financed by the Dutch government...

Bext360 Unveils Blockchain Platform For The Coffee Supply Chain

July 23, 2017 by Alex Lielacher at Blockchain, News, Tech

Colorado-based technology company Bext360 announced the creation of its first supply chain solution. The platform is called bextmachine and has been developed specifically for the global coffee supply chain. The announcement was made at the Massachusetts Institute of Technology (MIT) during a TechCrunch event focusing on robotics on July 17....

Blockchain Technology Can Reshape Global Supply Chains

July 11, 2017 by Admin BTCManager at Blockchain, Commentary, News, Tech

Blockchain technology has been drawing the attention of logistics companies for some while now. With the complex and incredibly cumbersome procedures involved in arranging transportation from one point to another, the blockchain seems like a long-awaited deliverance to them. The problems faced by the logistics industry are very tangible; huge...

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

May 21, 2017 by Alex Lielacher at Blockchain, Business, Finance, News

India’s third largest private bank Kotak Mahindra announced on May 17 that it had enabled trade financing for one of its clients by applying blockchain technology to reduce the time it takes for the letter of credit (LC) to be completed from 20 to 30 days down to a few...

Blockchain Startup Everledger Aims to Stop Spread of Conflict Diamonds

February 21, 2017 by Alex Lielacher at Business, News, Tech

The value and utility of the blockchain, the underlying technology of bitcoin, is coming more and more into focus as blockchain solutions are being developed in a wide range of industries to reduce inefficiencies and to improve the secure storage and transfer of data. As the blockchain is also immutable...

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