Tencent’s digital bank WeBank is integrating the DAML smart contract language for the chain that will undergird China’s national Blockchain-Based Service Network. Tencent’s digital bank WeBank is exploring the integration of the DAML smart contract language for its consortium blockchain FISCO BCOS — the chain that will undergird China’s national Blockchain-Based Service Network (BSN). On […]
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Binance CEO Changpeng Zhao criticized venture capital fundraising while speaking at the BlockDown 2020. Binance founder and chief executive, Changpeng Zhao, took aim at initial public offerings, or IPOs, and venture capital fundraising while speaking at the recent BlockDown 2020 conference. Despite the recent decline in crypto investment, Changpeng Zhao, or CZ, expressed confidence that […]
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How could DLT improve the traditional finance industry, and what adoption challenges lie ahead? Very few banks, or even countries, emerged unscathed from the rubble of the 2008 global financial crisis. The aftermath of the worldwide recession coincided with profound technological innovation and breakthroughs that have forced banks and other financial service providers to reconsider […]
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An enterprise-focused blockchain association has partnered with the European Commission and UCL to develop a list of DLT solutions useful in fighting COVID-19. A blockchain association has partnered with the European Commission and University College London (UCL) to coordinate blockchain solution providers in addressing the coronavirus pandemic. The organization, called the International Association for Trusted […]
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As Abu Dhabi rolls out regulatory framework for crypto assets, businesses are increasingly embracing distributed ledger technologies. Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets. Though Abu Dhabi Global Market, or ADGM, announced its […]
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Ethical egg distribution company Farmers Hen House is using blockchain to let consumers trace the origin of their produce. Farmer’s Hen House, an egg grading and distribution company that works with local farmers in Iowa, has partnered with blockchain-based food traceability company, Bytable. As of April 15, Farmer’s Hen House eggs are sold in cartons […]
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The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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China brings together 15 organizations to develop national standards for blockchain and DLT. The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15 […]
Continue ReadingGibraltar’s digital and financial services minister has revealed updates to the territory’s regulation of DLT firms, with new rules addressing market manipulation. Gibraltar’s minister for digital and financial services, Albert Isola, has announced forthcoming regulations to reduce market manipulation among blockchain firms. In an interview with The Banker published April 10, Isola also discussed his […]
Continue ReadingFrance is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry? Lately, it seems that most major national banks are toying with the notion of a national digital currency. France is conducting tests of its own now, and it could […]
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