Deutsche Bank has joined JPMorgan’s Interbank Information Network, a blockchain-based network based on Quorum, a permission-variant of the Ethereum blockchain, developed by J.P. Morgan. Source: Financial Times. IIN minimizes friction in the global cross-border payments process, enabling payments to reach beneficiaries faster with fewer steps. Using blockchain technology, IIN reduces...
Last week, the Bitcoin price bounced from $9,860$. Currently, the Bitcoin price trend is following the descending triangle pattern and nearing towards the climax of the triangle. A breakout either way will lead to a spike in volume. As of now, the market is indecisive on which direction it will...
Since Facebook revealed their plans for Libra currency, governments around the world have raised their concern over it and fear it could threaten their monetary sovereignty. Today in Helsinki at the meeting of eurozone finance ministers, France’s Finance Minister Bruno Le Maire and his German counterpart, Olaf Scholz, said that...
Mastercard and R3, a leading enterprise blockchain software provider, announced today a strategic alliance to develop and pilot a new blockchain-based cross-border payments solution. Mastercard ‘s blockchain-based solution will further support banks to deliver a single frictionless real-time payments proposition. The solution will initially focus on connecting Mastercard ‘s global...
Libra Association recently submitted the request to FINMA asking to clarify the regulatory status of the Libra Association and Facebook’s cryptocurrency Libra Coin. FINMA today confirmed the receipt of an inquiry from the Libra association and in a press release has provided their indicative classification for the project. FINMA says...
Gemini announced today in their blog post that they are adding new cryptocurrencies to their custody services. The expansion of custody services has come at the time of increased competition in the custody space. Recently, Coinbase expanded their Custody offering by acquiring Xapo’s institutional business for $55 million after out...
LG Electronics is planning to launch a blockchain-friendly smartphone. As per the South Korean news outlet Chosun, the company has already completed the market research of blockchain companies and Dapps and is attempting to install the blockchain function on smartphones. Recently Samsung launched a blockchain-friendly smartphone ‘KlaytnPhone‘ named after Kakao’s...
Samsung is launching a blockchain-friendly phone, a variant of its flagship phone ‘Galaxy Note 10’ to increase adoption of blockchain-based applications. The smartphone ‘KlaytnPhone’, named after the blockchain platform ‘Klaytn‘ will have Klaytn logo when switched on or off. The smartphone will be available for sale in South Korea only....
Franklin Templeton Trust, a U.S. based asset management company has filed a prospectus with the SEC (Securities and Exchange Commission) on September 3, 2019. According to the prospectus, Franklin Templeton Trust will issue the proposed ‘U.S. Government Money Fund’ shares on the Stellar network blockchain. Franklin Templeton is a global...
As per the Wall Street Journal, VanEck SolidX is trying a workaround to prove SEC that Bitcoin ETF can work. As per the news report, the two companies are planning to sell limited shares of a Bitcoin exchange-traded fund to institutional buyers. The companies are employing a rule 144A which...
