Blockchain & Digital Assets

April 26, 2020 @ 10:38 pm By Omar Faridi  |  

California-based Dole Food Company, an agricultural multinational corporation, has introduced a five-year plan to integrate blockchain or distributed ledger technology (DLT) for managing supply chain processes. Dole Food Company is the largest producer of fruits and vegetables in the world. The agribusiness company generated over… Read More

April 26, 2020 @ 10:32 pm By Samantha Hurst  |  

Korean cryptocurrency trading platform Upbit has reportedly expanded its partnership with Chainalysis, a blockchain analysis company, to provide support across the broader Asia Pacific (APAC) region. According to the duo, Upbit APAC will also use Chainalysis KYT (Know Your Transaction) to ensure safe, secure trading experiences… Read More

April 25, 2020 @ 8:00 pm By Omar Faridi  |  

Rajashekara Visweswara Maiya, vice president and head of business consulting, cloud and blockchain efforts at Finacle, the developer of a financial software system used by large banks across the globe (serving over 1 billion people), recently shared his views and insights with Crowdfund Insider. Finacle… Read More

April 25, 2020 @ 7:13 pm By Omar Faridi  |  

San Francisco-based crypto asset exchange Coinbase has introduced its own price oracle in order to further enhance the resiliency of the price feed process. An oracle is a price feed offered by a third-party. It provides real-world financial data to a decentralized network. Nearly all… Read More

April 25, 2020 @ 5:52 pm By Omar Faridi  |  

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

April 25, 2020 @ 12:23 pm By Omar Faridi  |  

The number of Bitcoin addresses that hold at least 0.1 BTC (appr. $750 at time of writing) has surpassed the 3-million mark for the very first time, as cryptocurrency investors get ready for the upcoming Bitcoin halving event, when the pseudonymous digital asset’s supply will… Read More

April 25, 2020 @ 11:28 am By Omar Faridi  |  

New York-based Signature Bank, a cryptocurrency-friendly commercial bank with around $50 billion in total assets, has reportedly experienced a 30% drop in its total income during Q1 2020, when compared to the same time period last year. This could be due to the Coronavirus (COVID-19)… Read More

April 24, 2020 @ 5:52 pm By Omar Faridi  |  

Mike Blandina, former CEO at Bakkt, the cryptocurrency trading desk owned by the Intercontinental Exchange (ICE), will be stepping down from his role just four months after his appointment. ICE’s management noted on April 23, 2020, that David Clifton, Bakkt’s vice president for mergers and… Read More

April 24, 2020 @ 4:41 pm By Omar Faridi  |  

Reserve banks must seriously look into issuing a digital version of cash in order to prevent the “privatization” of money, according to research and campaign group Positive Money. The group’s recent report argues that trust in the existing monetary system might disappear, if banks don’t… Read More

April 24, 2020 @ 10:34 am By JD Alois  |  

The long march of crypto enforcement actions continued today when the Securities and Exchange Commission (SEC) revealed charges against Dropil and founders Jeremy McAlpine, Zachary Matar, and Patrick O’Hara pertaining to an initial coin offering (ICO). As has become fairly commonplace, the SEC is alleging… Read More

April 24, 2020 @ 10:30 am By Samantha Hurst  |  

Next-generation cryptocurrency trading platform BitMEX announced on Friday it is planning to launch an Ether (ETHUSD) quanta futures contract with up to 50x leverage May 5th. According to BitMEX, the first contract, ETHUSDM20, will expire in June. BitMEX claims that the contract will be the… Read More

April 24, 2020 @ 10:14 am By JD Alois  |  

While everyone expects the People’s Bank of China to launch a limited trial of its Central Bank Digital Currency (CBDC) or Digital Currency Electronic Payment (DCEP) as it is called in the country questions have frequently emerged as to how the government will utilize the… Read More

April 24, 2020 @ 12:54 am By JD Alois  |  

China has long been expected to become the first nation to launch a Central Bank Digital Currency (CBDC). Periodically, reports have popped up regarding the development of the digital currency and today we have another glimmer on the progress driven by the People’s Bank of… Read More

April 23, 2020 @ 10:47 pm By Omar Faridi  |  

Crypto and blockchain or distributed ledger tech (DLT) firms have been developing solutions to help people cope with the deadly Coronavirus (COVID-19) outbreak. Several crypto and Fintech firms and organizations have launched charitable initiatives in order to provide financial relief and other types of assistance… Read More

April 23, 2020 @ 1:46 pm By Samantha Hurst  |  

Cryptocurrency exchange Binance announced on Thursday the launch of the Africa-focused social payments app for cash and crypto, Bundle. Binance reported that Bundle, which was founded by Yele Bademosi, formerly a director at Binance Labs, Bundle allows users to request, send, and receive cash or… Read More

April 23, 2020 @ 1:22 pm By JD Alois  |  

Securitize, a digital asset primary issuance platform, is now facilitating instant trading of digital securities. According to a release, Securitize can now enable peer to peer trading of digital securities with zero counterparty risk that is fully compliant. “Instant Access” uses Securitizes “DS Protocol” to… Read More

April 23, 2020 @ 1:03 pm By Omar Faridi  |  

The Coupon Bureau (TCB), a non-profit, industry managed coupon data exchange technology provider, will be using the Hedera Hashgraph Service, developed by Hedera Hashgraph, a decentralized public network, in order to provide a real-time, “tamper-proof” log for all coupon events that take place on its… Read More

April 23, 2020 @ 10:49 am By JD Alois  |  

The Blockchain-based Service Network (BSN) in China aims to change the existing problem of the high cost of developing and deploying blockchain applications by providing public blockchain resource environments to developers. According to BSN, just like the internet, the ubiquity of access can greatly reduce… Read More

April 23, 2020 @ 2:37 am By Omar Faridi  |  

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

April 23, 2020 @ 1:30 am By Omar Faridi  |  

Over 70 Chinese financial services companies, including all state-managed banking institutions and the nation’s largest technology firms, are currently using some type of blockchain or distributed ledger technology (DLT)-enabled financial applications. This, according to the Industrial and Commercial Bank of China (ICBC), a multinational Chinese… Read More