Escalating tensions between the US and Iran have prompted a price surge price for bitcoin and other cryptocurrencies, according to market analysts.
Facebook’s Libra project has failed in its current form and needs reworking to be approved, said the president of Switzerland where the cryptocurrency is seeking regulatory consent.
The digital ledger technology could radically shake up five sectors as it streamlines the process and opens up the market: trade finance, payments, trading, insurance and digital identity.
The platform, known as Digital Vault, will give investors real-time access to records of securities bought on private markets, HSBC told Reuters, and seeks to capitalise on booming interest in such investments by yield-hungry investors.
Hong Kong-based startup Atom Group has officially launched its crypto trading platform based on the matching engine technology of the London Stock Exchange (LSE) amid a tightening of the region’s crypto-regulatory regime.
Dubbed the Portal Digital Fund operates via a fund-of-funds structure, targeting sophisticated investors in the Asia-Pacific. Portal aims to have over $100m in funds under management in the long term.
The price of bitcoin has fallen to a six-month low following the second major crash in the space of just three days.
A bipartisan team of senators introduced a bill Thursday that would make Facebook’s cryptocurrency libra a security under the law.
Last month Chinese leader Xi Jinping gave a speech where he encouraged Chinese enterprises to ‘seize the opportunity’ in using and accelerating the development of blockchain technology.
Here are two trends: More retailers want to know where their food comes from, mostly because more consumers are asking for that information.
Bitcoin has reached $1bn (£770m) in cumulative transaction fees, passing the major milestone on the eleventh anniversary of the world’s first cryptocurrency.
China is preparing for the launch of its own state-backed cryptocurrency by removing online posts claiming that blockchain technology is a scam. It marks a significant shift in the country’s policy towards blockchain and comes just days after President Xi Jinping hailed it as an “important breakthrough” that should be developed.
At the Forbes 30 Under 30 Summit in Detroit last weekend, executives from Ford, BMWand the Mobility Open Blockchain Initiative (MOBI) took the stage to talk about blockchain’s potential to transform the auto industry.
China has launched an ambitious effort to challenge the US dominance in blockchain technology, which it could use for everything from issuing digital money, to streamlining a raft of government services and tracking Communist Party loyalty.
Trust. It has been the keyword around Bitcoin, and Blockchain, ever since Satoshi Nakomoto wrote the white paper for the revolutionary tech. Bitcoin was a new financial system for those who have lost trust in banks; it was trustless.
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