Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield. Dutch bank ABN AMRO announced that it is launching a blockchain inventory tracking platform dubbed Forcefield in a press release published on May 17. Per the announcement, the platform is an Internet of Things solution that allows the monitoring […]
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Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin wallet dubbed “Wallie” because of risk concerns. Dutch bank ABN AMRO abandoned its plans to launch a custodial bitcoin (BTC) wallet dubbed “Wallie” because of risk concerns, according to a report published on May 20 by tech news outlet The Next Web. Per […]
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A top executive at one of Asia’s largest banks says trade finance needs to go digital because forged paper records have become too sophisticated. A senior executive at one of Asia’s biggest banks has said the $9 trillion trade finance industry needs to be digitized in order to tackle fraud, according to a Bloomberg article published on May […]
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Authorities in Australia received 674 reports where cryptocurrency was used to pay scammers in 2018. A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29. The substantial rise from the AU$2.1 million ($1.48 million) […]
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sponsored A mining project with access to large reserves of copper, nickel, cobalt and gold is utilizing blockchain technology to improve ethical sourcing in the industry. A real mining project is planning to utilize blockchain technology to maximize the potential of land rich with precious metal and natural resources. Blue Hill Mining says its project […]
Continue ReadingThe former CEO of Enron is allegedly meeting with crypto industry experts ahead of his new business venture. Jeffrey Skilling — the former Enron CEO who served 12 years in prison after a 19 count conviction for his part in the firm’s notorious collapse — is allegedly meeting with crypto industry experts ahead of his […]
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Seven global oil and gas firms including ExxonMobil and Chevron formed Oil & Gas Blockchain Consortium. Seven global oil and gas firms, including American industry giants ExxonMobil and Chevron, have partnered to form a blockchain consortium, according to a press release on Feb. 26. The so-called Oil & Gas Blockchain Consortium, residing under the Offshore […]
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Vakt, a post-trade platform for oil, based on blockchain, now sees the participation of dealers covering two-thirds of the North Sea market. Vakt, a blockchain-based post-trade platform for oil, has signed up four new clients, according to a statement published on the platform’s website on Feb. 25. As per Etienne Amic, Vakt’s recently appointed CEO, […]
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JPMorgan exec Etienne Amic was appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform. Former JPMorgan Chase executive Etienne Amic has been appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform, according to a press release shared with Cointelegraph on Feb. 13. Having served as a managing director at both JPMorgan […]
Continue ReadingMore global oil and gas giants have joined the blockchain-based platform for trading energy commodities. Chevron, one of largest American multinational energy corporations, and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading. Reuters reported on the development on Jan. 16. Along with Chevron, Total, a leading […]
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