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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...

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...

Soybean Shipment to China the First Agricultural Commodity Blockchain Transaction

January 24, 2018 by Priyeshu Garg at Blockchain, Business, Finance, News

A seemingly routine and insignificant soybean shipment from the USA to China has been made mildly famous as the first commodity deal facilitated by blockchain technology. Feted as “the first full agricultural commodity transaction using a blockchain platform” by the consortium of banks, brokers, and vendors involved, it affirms the...

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...

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