Leader of House Financial Services Committee Requesting Halt, Hearings on Facebook’s Libra. Disclaimer: this story is breaking and will be subject to updates. Rep. Maxine Waters, chairwoman of the United States House of Representatives’ Financial Services Committee is requesting that Facebook halt development on its cryptocurrency, the Libra, as reported by CNN Tech Reporter Brian Fung […]
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IBM has announced updates to its Blockchain Platform, designed to support greater use across diverse networks. IBM has announced upgrades to its Blockchain Platform, according to a report by Ledger Insights on June 18. The new IBM Blockchain Platform will reportedly be able to run on multiple cloud networks, such as major tech corporation Microsoft’s […]
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HSBC has deployed tokenization tech in its receivables infrastructure for corporate clients in India. Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18. The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), […]
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Italian banks will deploy blockchain technology to run reconciliations and improve transparency in transactions between banks. Italian banks will deploy blockchain technology to run reconciliations starting in March 2020, financial technology news outlet Finextra reported on June 18. The Italian Banking Association (ABI) has announced that Italy’s banks will integrate distributed ledger technology (DLT) into […]
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Bitcoin Bank Group faces numerous lawsuits from customers unable to withdraw funds from its cryptocurrency exchange, BBG claims delays are due to malicious activity. Clientele from multiple states in Brazil have filed lawsuits against bitcoin (BTC) investments firm Bitcoin Bank Group for inaccessible crypto funds, according to a report by Cointelegraph Brasil on June 18. […]
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Panel of experts from Digital Asset, ISDA, UBS, and Barclays discussed next steps in blockchain incorporation into financial services. Four experts discussed the future blockchain in financial services, agreeing on the importance of specialization in a panel on crypto derivatives at Synchronise Europe in London today, June 18. Some of the original conceptualisation of blockchain […]
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The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card. The Litecoin Foundation has announced a partnership with Bibox Exchange and blockchain firm Ternio to release a physical cryptocurrency debit card, in a blog post on June 18. Per the post, the companies will […]
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Head of blockchain at social media giant Facebook David Marcus said that the Libra Project will distance itself from Bitcoin and will share information with authorities. Head of blockchain at social media giant Facebook David Marcus said that the Libra Project will distance itself from bitcoin (BTC) and will share information with authorities, Cointelegraph Brazil […]
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French Minister of the Economy and Finance, Bruno Le Maire intends to ask Facebook for guarantees for its forthcoming digital currency Libra. French Minister of the Economy and Finance intends to “ask for guarantees” from Facebook in regards to its forthcoming digital currency Libra, media outlet Europe 1 reported on June 18. The Minister of […]
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Austria’s Graz to use DLT-enabled energy trading platform by Power Ledger in move toward zero-carbon energy. Blockchain-based energy trading firm Power Ledger will roll out its peer-to-peer (P2P) network in Graz, the second-largest city in Austria, according to an announcement on June 18. The Australia-based company has partnered with E-NEXT, an innovation arm of major […]
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