A Sinochem subsidiary is reportedly in negotiations with Shell and Macquarie regarding the development of a blockchain platform for the oil sector. A subsidiary of Chinese oil and chemical giant Sinochem Group is reportedly in discussions regarding a blockchain platform with Royal Dutch Shell and Australian financial services firm Macquarie Group. As Reuters reported on […]
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Ripple rolls out crypto-based cross-border payments for PNC, one of biggest banks in the U.S. Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone […]
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Turkey’s Istanbul Clearing, Settlement and Custody Bank announced it has completed its blockchain-based platform for transferring physical gold. Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) has announced its blockchain-based platform for trading physical gold. Dubbed BiGA, Takasbank’s new project aims to enable people to transfer physical gold stored at the Borsa Istanbul Stock Exchange […]
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Michael Novogratz’s crypto merchant bank Galaxy Digital has gained FINRA approval to underwrite public offerings of securities. Michael Novogratz’s cryptocurrency investment bank Galaxy Digital has gained approval from the Financial Industry Regulatory Authority (FINRA) to underwrite registered public offerings of securities. As reported by Bloomberg on Sept. 6, the company has its sights on facilitating […]
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The CEO of tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock.com’s CEO Patrick Byrne. The CEO of Overstock’s blockchain subsidiary tZERO, Saum Noursalehi, has issued an update on tZERO’s progress and addressed the departure of Overstock’s CEO Patrick Byrne. In a letter to investors published on Sept. […]
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Bakkt announced that its qualified custodian Bakkt Warehouse launched Bitcoin deposits and withdrawals as planned. Bakkt Warehouse, a qualified custodian of crypto trading platform Bakkt, is now accepting customer Bitcoin (BTC) deposits and withdrawals. First physical BTC futures on the way As the company tweeted on Sept. 6, Bakkt Warehouse has officially launched in accordance […]
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Following the massive $1 billion Bitcoin transaction today, the recipient wallet became the fifth richest Bitcoin address. The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address. The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest […]
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Inverse correlation between Bitcoin and Chinese yuan reaches has hit record levels over the past week amid global economic uncertainty. Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomberg on Sept. 6. This suggests that investors are using the digital currency as a […]
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A review criticizes lack of user controls and choice of Bitcoin price reference guide, finding both testnet platforms “unusable” in their current state. Bitcoin futures offerings from cryptocurrency exchange Binance have come in for criticism as a pre-release tester identifies major flaws. Rocky start for Binance PR move In a series of tweets on Sept. […]
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JPMorgan analysts say Libra could face gridlock in periods of network stress and that this could have “serious macroeconomic consequences.” The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of […]
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