JP Morgan analysts predict that Bitcoin could fall below $1,260, and banks will not benefit from blockchain for another three or five years. Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. […]
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The Italian Senate committee has approved their first document on the regulation of the blockchain industry. The Italian Senate committee has approved an amendment on blockchain industry regulation, Cointelegraph Italia reports on Jan. 24. The amendment, known as the “Decreto semplificazioni,” has been approved by the Senate committees of Constitutional Affairs and Public Works yesterday, […]
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Jamie Dimon claimed that he did not intend to become a spokesperson against Bitcoin, and was not glad about its collapse in 2018. JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin (BTC), stressing that he does not really care about the cryptocurrency. Dimon spoke on the subject in an interview with CNBC’s […]
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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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Citigroup, Nasdaq, and Galaxy Digital are reportedly among several firms to invest $20 million in Symbiont, a blockchain firm that offers smart contracts for capital markets. Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc, Bloomberg reports on Jan. 23. Other investors reportedly include Mike Novogratz’s crypto-focused merchant […]
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sponsored A blockchain platform is planning to clamp down on counterfeit drugs and ensure patients are unable to order identical prescriptions from multiple pharmacies. A blockchain solution has unveiled bold plans to make the United Kingdom’s medicine market safer by creating a system that prevents patients from ordering the same prescription from multiple pharmacies while […]
Continue ReadingHSBC has been operating blockchain-based forex payments for just ten months but has seen huge growth. International banking giant HSBC settled $250 billion of forex trades using blockchain technology in 2018. The company has revealed the figure in a press release quoted by the Financial Times (FT) Jan. 14. Through its proprietary blockchain platform dubbed […]
Continue ReadingVermont’s Secretary of State and Department of Financial Regulation have joined forces to explore blockchain benefits in captive insurance. Two agencies in the state government of Vermont in the United States have jointly launched a blockchain pilot program for captive insurance, according to an official announcement published on Jan. 11. The Secretary of State Jim […]
Continue ReadingThe Spanish National Securities Market Commission has added 23 unauthorized forex and cryptocurrency entities to its warning list. The Spanish National Securities Market Commission (CNMV) has added 23 unauthorized forex and cryptocurrency entities to its warning list on Jan. 14. Among the companies added to the list is Blonde Bear OÜ, also referred to as […]
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Cryptocurrencies are one of the U.S. Securities and Exchange Commission’s top examination priorities this year. Cryptocurrencies are one of the United States Securities and Exchange Commission’s (SEC) top examination priorities this year, according to an official statement announced by the commission Dec. 20. In the SEC’s Office of Compliance Inspections and Examinations (OCIE) recent report, […]
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