BitPay: Users May Now Buy UK Gift Cards With the BitPay Mobile App

With the 2019 holiday season set to kick off in a couple of weeks, global blockchain payments provider BitPay announced that users may now purchase UK gift cards with the BitPay mobile app. According to BitPay, users may now use their crypto to purchase cards… Read More

Joon Bhang: Newly Appointed North Asia Head of Ops. for Findora Explains Company’s Business Strategy

Findora, a confidential and compliant network protocol that allows users to securely transfer financial assets, recently appointed Joon Bhang as the company’s head of North Asia operations.  Bhang will be responsible for developing relationships with large financial institutions, corporations, and government agencies as Findora continue… Read More

Financial Action Task Force Says Stablecoins Pose Money Laundering and Terrorism Financing Threat

The Financial Action Task Force (FATF) stated on October 18 that stablecoins pose a money laundering and a terrorism financing threat to the world. The intergovernmental organization considers cryptocurrencies to be a “major strategic initiative.” In documents published following its latest meeting, the FATF noted… Read More

Report: Blockchain-based Voting Systems are Vulnerable to Attacks and May Provide Low-Quality Data

Nir Kshetri, a professor of management at the University of North Carolina, says that there are some major issues that must be addressed before blockchain-enabled voting can be carried out in a safe and trustworthy manner. Kshetri noted that “small-scale tests run so far have… Read More

BMW, General Mootors, Honda, Ford Partner With Mobility Blockchain Initiative to Develop Automated Payments System

A group of automobile manufacturers will reportedly be testing a blockchain-enabled vehicle identification network in November.  According to the Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault have partnered with the Mobility Open Blockchain Initiative (MOBI) in order to develop a system that… Read More

New York District Court Postpones Telegram’s TON Hearing to February 2020

The US District Court for the Southern District of New York postponed the hearing regarding the Securities and Exchange Commission’s (SEC) injunction filing against London-based encrypted messaging service provider Telegram.  The hearing has been scheduled to take place on February 18–19, 2020. Telegram’s management had… Read More

CIMB Bank Berhad’s Singapore Branch Conducts Blockchain-based Structured Trade Finance Transaction on iTrust’s Platform

The Singapore division of CIMB Bank Berhad carried out a structured trade finance transaction on a blockchain-based and internet of things (IoT) platform, developed by iTrust. The transaction reportedly involved the financing of Chinese imported dairy products and may generate yearly transaction flows of approximately… Read More

Fidelity Digital Asset Services Is “Engaged in a Full Rollout” of its Custody and Trading Services

Fidelity Digital Asset Services (FDAS) is “now engaged in a full rollout” of custody and trading services for crypto assets. Boston, Massachusetts-based Fidelity Investments, a multinational financial services firm with over $2.8 trillion in assets under management, is expanding its crypto platform from the limited… Read More

Crypto Exchange Bittrex Suspends Trading Services in Venezuela and 30 other Countries

Bittrex International, the Malta-based international division of the US-headquartered digital asset exchange Bittrex, will reportedly halt operations in Venezuela and 30 other nations. Bittrex’s management sent an email to its Venezuelan customers, noting that the exchange operator would suspend accounts and trading access to the… Read More

China: WeiyangX Fintech Review

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

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