The SEC has rejected an ETF with only a 25% BTC component before, but how about just 5%? WisdomTree may be testing the agency’s limits. Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past […]
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A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020. Named Contour, […]
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The crypto market dropped off $19 billion as the price of bitcoin briefly dropped to $8,000. On May 30, overnight, the valuation of the crypto market dropped by $19 billion as the price of bitcoin (BTC) briefly dropped from $9,000 to $8,000 — a staggering 11% within a few hours on exchanges like Bitstamp. The […]
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London-headquartered financial services firm Standard Chartered has signed an MoU with Tencent-backed Chinese firm Linklogis to use its blockchain platform. London-headquartered multinational banking and financial services firm Standard Chartered has signed a memorandum of understanding (MoU) with Tencent-backed Chinese fintech firm Linklogis. The agreement, reported by financial technology news site Finextra on Feb. 12, will […]
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JPMorgan Securities’ Joyce Chang has said that blockchain technology is still far from reaching institutionalization. Joyce Chang, global research chair at JPMorgan Securities, has said that blockchain technology is still far from institutionalization and must still overcome key hurdles before it can break through to cross-industry adoption at scale. Chang made her comments during an […]
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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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HSBC India and India’s holding giant Reliance Industries have completed a joint blockchain-enabled trade finance transaction. The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4. The blockchain-powered […]
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A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched Oct. 31 in Hong Kong. A new blockchain trade finance platform developed by a dozen banks, among them HSBC, BNP Paribas, and Standard Chartered, launched this week in Hong Kong, Reuters reported Oct. 31. The […]
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E*Trade plans to upgrade its platform to include a focus on blockchain technology and artificial intelligence, while the firm’s IT strategies shift away from legacy data centers. In addition, E*Trade plans to adopt more cloud-based, and container-based technologies. In an interview with the Wall Street Journal, E*Trade Financial Corp. Chief Information Officer, Lance Braunstein said, […]
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