A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits. A professor at Stanford Graduate School of Business says cryptocurrencies will put an end to the windfall that banks currently enjoy from low-interest deposits. In an Oct 24 interview for the […]
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Platform for instant crypto loans lowers borrowing rates on its credit line service after having secured long-term cost-efficient financing. Nexo, a crypto lending institution, announced that it has lowered the interest rates on its instant crypto credit lines. Lowest rates in the blockchain ecosystem In a press release published Oct. 22, Nexo announced that it […]
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Facebook CEO Mark Zuckerberg plans to tell Congress that Libra will not launch anywhere in the world until U.S. regulators approve it. Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it. Libra won’t launch anywhere […]
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Author of the Token Taxonomy Act and member of the U.S. House Financial Services Committee Rep. Davidson speaks with Cointelegraph ahead of Zuckerberg hearing. In an interview with Cointelegraph on Friday, Oct. 18, United States Representative Warren Davidson gave his thoughts on the Securities Exchange Commission’s (SEC) flawed approach to regulating digital assets as well […]
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Cryptosteel has launched its Cryptosteel Capsule, a physical backup device for the offline storage of Bitcoin private keys, passwords and wallet recovery seeds. Cryptosteel has launched its Cryptosteel Capsule, a physical backup device for the offline storage of private keys, passwords, and wallet recovery seeds. The company announced the official launch of the product in […]
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A blockchain and DNA-based fuel tracking solution for fuel oil has launched after a pilot in the Netherlands. Bunkertrace, a blockchain and DNA-based fuel tracking solution, is using DNA markers to trace bunker fuel oil throughout the supply chain. On Oct. 21, in an article by the American Journal of Transportation, Bunkertrace announced its commercial […]
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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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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 […]
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Wales will be funding the development of a local cryptocurrency to boost the local economy, particularly small and medium enterprises. Wales plans to test and subsequently launch its own cryptocurrency to boost the local Small and Medium Enterprises (SME) economy. Local news outlet Business Cloud reported on Oct. 15 that the Welsh Government awarded £100,000 […]
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Leading online travel company Booking Holdings has ditched the Libra Association, a non-profit Facebook established to pursue the promotion of its Libra stablecoin. Leading online travel company Booking Holdings has ditched the Libra Association, the governing consortium of Facebook’s proposed Libra stablecoin. Booking Holdings has thus become the latest in an array of companies that […]
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