Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted in Malaysia. Major bank HSBC has announced the successful enactment of a letter of credit (LC) on a blockchain in Malaysia. The transaction English language local fintech news outlet Fintech News Malaysia reported the development on […]
Continue Reading
Digital asset management giant Grayscale registered over $254 million in total investments into its products in the third quarter of 2019. Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on […]
Continue Reading
South Korea has established a digital trade foundation to reduce the costs of trade with more than 90% by using blockchain technology. The South Korean government is planning to establish a digital trade foundation to reduce the costs of trade by using blockchain technology. Reduce trade costs by more than 90% On Oct. 14, South […]
Continue Reading
Ford Motor Company looks into blockchain technology to track the number of “green miles” driven by its energy-efficient vehicles. The Ford Motor Company is looking into blockchain technology and geofencing to accurately track the number of “green miles” driven by its energy-efficient vehicles. Analyzing real-world benefits of energy-efficient vehicles On Oct. 15, Ford announced that […]
Continue Reading
Cryptocurrency markets are turning red, while Bitcoin takes a sudden dip below $8,200 after trading sideways for the better part of the day. Tuesday, Oct. 15 — Bitcoin (BTC) has continued to trade sideways for most part of the day, while taking a sudden dip in recent hours. Market visualization. Source: Coin360 The world’s most popular […]
Continue Reading
Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney. Bank of England governor Mark Carney has defended Facebook’s choice to create a new currency. Canadian news outlet TheStar reported Carney’s remarks on Oct. 15, noting that he highlighted the shortcomings of the current traditional financial […]
Continue Reading
Are blockchain-based voting systems really trustworthy or do we need to reevaluate the potency of this technology? At the beginning of October, a story released by CNN claimed that a student affiliated with the University of Michigan attempted to hack into West Virginia’s blockchain-based voting system called Voatz. As per the report, the FBI is […]
Continue Reading
Warren Davidson, a United States Representative said that Bitcoin being added to Facebook’s Calibra wallet is a “way better idea” than having to create Libra, Facebook’s new currency. Noded Bitcoin podcast had an interview with Warren Davidson on October 11, 2019. Davidson mentioned that “part of the beauty” of the unveiling of the proposed Libra […]
Continue Reading
Cryptocurrency investment and infrastructure platform Layer1 has secured $50 million from investors including Peter Thiel in a Series A funding round. Cryptocurrency investment and infrastructure platform Layer1 has secured $50 million from a number of industry stakeholders in a Series A funding round. As Fortune reported on Oct. 15, venture capitalist and PayPal co-founder Peter […]
Continue Reading
Bitcoin Price action and the total market cap shows potential signs of a bear trap for the entire crypto market. While Bitcoin price (BTC) is moving in a close range and altcoins start to move upwards, the overall sentiment of the market is still fear. Crypto market data. Source: Coin360 Fear is a normal expression […]
Continue Reading