What Does Skepticism for Libra Say About Bitcoin?

The potential loss of Libra could be Bitcoin’s gain as the Facebook-led crypto project faces increasing regulatory challenges. Facebook’s dream of being a cryptocurrency giant is seemingly becoming more distant by the day, as increasing regulatory uncertainty continues to jeopardize the company’s Libra project. While Libra has been surrounded by anything but good news even […]

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French Finance Minister Warns He ‘Cannot Countenance’ Facebook’s Libra

A Financial Times opinion piece continues Bruno Le Maire’s harsh criticism of Facebook’s unlaunched digital currency, Libra. France’s economy and finance minister has repeated his criticism of Facebook’s digital currency Libra, saying he cannot allow its existence. Le Maire: France has “clear position” on Libra In an opinion piece for the Financial Times on Oct. 17, […]

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Major Singapore Bank Completes First DLT Trade Financing Transaction

CIMB Singapore, a part of one of the fifth largest ASEAN bank CIMB Group, completed its first blockchain-based trade financing transaction. A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction. The transaction was processed using blockchain and Internet of Things (IoT) platform […]

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