Bitcoin’s profile for wealth protection gains momentum in the media as Hong Kong Free Press dumps BitPay. Bitcoin’s (BTC) use as a protector of wealth is coming to the fore in Hong Kong as trading volumes spike and businesses iron out problems with acceptance. Trading record underscores Bitcoin’s “non-seizability” As multiple commentators including Morgan Creek […]
Continue Reading
Hong Kong-based startup Diginex becomes the first firm in Asia to join the Blockchain Alliance led by Steptoe & Johnson law firm. Hong Kong-based digital financial services startup Diginex has become the first firm in Asia to join the Blockchain Alliance led by Steptoe & Johnson law firm. Over 100 members in 19 countries Diginex […]
Continue Reading
The Swiss National Bank and SIX Group to jointly research digital central bank money within a project of the BIS Innovation Hub Centre. The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official […]
Continue Reading
A crypto derivatives exchange is launching physically-delivered futures contracts that will be settled based on whether Facebook’s Libra does or does not launch in 2020. A crypto derivatives exchange is launching physically-delivered futures contracts that will be settled based on whether Facebook’s Libra does or does not launch in 2020. According to Bloomberg’s report on […]
Continue Reading
Hong Kong’s securities regulator, the Securities and Futures Commission, has released guidelines for virtual asset portfolio managers. Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4. In the 37-page document titled “Proforma Terms and […]
Continue Reading
China Merchants Bank International together with Nervos Network will develop and launch blockchain-based solutions for DeFi applications. Hong Kong-based China Merchants Bank International (CMBI) will develop and launch blockchain-based solutions for its financial services. CMBI and Huobi partner with Nervos In an Oct. 3 press release shared with Cointelegraph, CMBI, a wholly-owned subsidiary of China […]
Continue Reading
Ethereum-compatible elastic blockchain network, the SKALE Network, completed a $17.1 million funding round for mainnet launch. The Skale Network, decentralized Ethereum-compatible network, has completed a $17.1 million funding round for mainnet launch. Solid global backing Backed by the Liechtenstein’s Node Foundation and United States-based Skale Labs, the network now has over 40 investors in the […]
Continue Reading
Shipping startup 300cubits burns its tokens while suspending its blockchain operations due to low transaction volume. Blockchain shipping startup 300cubits suspended the operations of its booking module and the circulation of its TEU token. As industry news outlet The Maritime Executive reported Sept. 30, Hong Kong-based 300cubits is believed to be one of the first […]
Continue Reading
United Kingdom-based digital banking app Revolut announces a major partnership with Visa to expand its services globally across 24 new markets, including North America. United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America. According to a Sept. 30 press release, […]
Continue Reading
Blockchain can contribute to trade cost savings by replacing the paper-heavy custom processes that slow down trade. In August of 2019, both the United States and Thailand announced their plans to test blockchain applications for tracking and managing shipments. The U.S. Customs and Border Protection (CBP) is planning to test a blockchain application against their […]
Continue Reading