Archived Posts

Chinese insurers are utilizing blockchain to process coronavirus related claims in the middle of corona epidemic. According to South China Morning Post, Xiang Hu Bao, Chinese online mutual fund portal, has included coronavirus to the list of diseases entitled for maximum non-recurring payout of 100,000 yuan (~$14,300). Xiang Hu Bao is basically a blockchain powered   Read more...

Jimmy Wales, Wikipedia co-founder, has voiced cynicism about Bitcoin SV (BSV), one of the top ten cryptos by market cap, alleging that it “offers nothing for Wikipedia.” Wales issued the statement soon after the team conducting the CoinGeek London conference, promoting Bitcoin SV to crypto investors, highlighted his engagement as a keynote speaker. Wales, in   Read more...

In an ask-me-anything session (AMA) covering a wide range of topics, Binance CEO Changpeng Zhao revealed huge plans for the exchange this year. One of the forthcoming and least detailed endeavor was the launch of a unique platform called Binance Cloud, which is planned to be launched in the next week-and-a-half. Precise details about Binance   Read more...

The Swiss Financial market Supervisory Authority (FINMA) has approved an anti-money laundering stipulation. Highlighting added threat, the ceiling for anonymous cryptocurrency exchange trades has been lowered to CHF 1,000 (~$1,000), from CHF 5,000. The stipulation follows the approval of the updated Financial Services Act and Financial Institutions Act, which became effective on January 1. FINMA   Read more...

A California-headquartered research team of the US Navy, the Naval Air Warfare Center, has funded blockchain focused software company Simba Chain roughly $10 million to develop a safe messaging platform. Simba Chain CEO Joel Neidig revealed that the platform will go live this year. Neidig said “The platform will be up this year, with ongoing   Read more...

A member of the US Fed board of governors has hinted that the institution welcomes the plan of central bank digital currency than earlier. Lael Brainard, who chairs multiple Fed committees, gave her opinion during a talk at a seminar conducted at the Stanford Graduate School of Business regarding the payments in the time to   Read more...

The Intercontinental Exchage, or ICE, which owns the New York Stock Exchange, unveiled its plan to take over software service Bridge2 in order to roll out an app from Bakkt, ICE’s subsidiary. Bakkt’s app will list a series of assets and schemes such as loyalty rewards from several enterprises, even though the application will not   Read more...

Securitize, the digital securities enterprise, has received funding from Sony Financial Ventures. The undisclosed strategic investment signals an extension to the recent financing round conducted by Securitize, led by Santander and MUFG, resulting in raising $14 million as investment capital. The platform provided by Securitize enables token issuers to remain compliant in accordance to protocol   Read more...

Ripple, whose native crypto XRP is the third largest by market cap, has entered into a collaboration to boost trans-border payments between the US and Mexico. The company has associated with International Money Express, a money transfer services provider centered on the Latin and Caribbean passage. International Money Express (or Intermex), the latest financial associate   Read more...