The Global Open Network is a joint effort with a U.S. content delivery and cloud platform company. Japan’s Mitsubishi UFJ Financial Group (MUFG) has officially announced it will launch a new blockchain-based payment system, according to a press release published on Feb. 12. The world’s fifth-largest bank is working on the project in partnership with […]
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Ripple has announced the latest new partners in its global University Blockchain Research Initiative, which include universities in China, Singapore and Brazil. Ripple has announced the latest new partners in its global University Blockchain Research Initiative (UBRI), which include universities in the United States, China, Singapore and Brazil. The development was announced in a press […]
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Bitcoin weekly trading volumes in Venezuela reached a new all-time high, rising to almost $7 million per week on p2p platform LocalBitcoins. Bitcoin (BTC) trading volumes in Venezuela have reached a new all-time high amidst massive hyperinflation and an ongoing presidential crisis, tech news outlet TrustNodes reports Feb. 6. Bitcoin weekly trading volumes reached above […]
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As Venezuela enters the crucial part of a political crisis, we decided to trace the fate of the Petro — the national cryptocurrency that seemingly failed to save country’s economy. Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions […]
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The Singapore unit of Standard Chartered has completed its first blockchain-powered trade finance deal. The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24. The bank reported that the […]
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Brazilian president Jair Bolsonaro has criticized the country’s now-suspended crypto project for indigenous people. Jair Bolsonaro, the new Brazilian president who has officially taken office a week ago, has criticized a project offering to create a cryptocurrency for indigenous people in a Jan. 7 tweet. Bolsonaro claimed that the new government will soon open “a […]
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Morgan Stanley isn’t the only bank to have been fined recently for Anti-Money Laundering non-compliance. In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the […]
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The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology. The National Bank of Kuwait (NBK) has launched a cross-border remittance product based on RippleNet’s blockchain technology, according to an announcement published Dec. 27. Established in 1952, the NBK is the largest financial institution in terms […]
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Atletico Mineiro, a Brazilian premier league soccer club, is launching its own fan token “GaloCoin” based on Ethereum blockchain. Brazilian premier league soccer club Atletico Mineiro has launched a fan token dubbed “GaloCoin,” Cointelegraph Brazil reports Friday, Dec. 14. The GaloCoin is named after Atletico’s mascot, a rooster (“galo” in Portuguese). It is based on […]
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Four international banks have completed a live commercial paper transaction based on blockchain consortium R3’s Corda platform. A group of international banks in partnership with enterprise blockchain software firm R3 have completed a live commercial paper transaction based on blockchain platform Corda, Finextra reported Dec. 6. The transaction was implemented on the Corda-based Euro Debt […]
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