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US Investment Giant Charles Schwab Not Interested in Direct Trade of Crypto

Charles Schwab the US-based brokerage giant, which manages over $3.2 trillion in assets, are dismissing cryptocurrencies for the time being. This decision comes in spite of their competitors ‘Fidelity’ rushing to embrace this new market. According to Rob Farmer, Schwab’s managing director for communications, the firm is not looking to offer direct trading services of … Continue reading US Investment Giant Charles Schwab Not Interested in Direct Trade of Crypto

Tether Launches Stablecoin Backed by Offshore Chinese Yuan

Reported in late August, Tether had made plans to add a new stablecoin pegged to the Chinese Yuan, named “CNHT.” The idea came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.       Tether mentioned in a blog post that the new stablecoin running on top of the Ethereum blockchain as an ERC-20 token would … Continue reading Tether Launches Stablecoin Backed by Offshore Chinese Yuan

Facebook’s Libra Encouraged to Exclude the Chinese Yuan Being Tied to the Stablecoin

While Facebook is facing regulatory approvals for its Libra project, Facebook told US senators that the initial group of currencies that Libra will be likely backed by the US dollar, Euro, Yen, British Pound, and the Singapore dollar.   Facebook reportedly produced the list regarding the concerns expressed by Virginia Democratic Senator Mark Warner that China may try … Continue reading Facebook’s Libra Encouraged to Exclude the Chinese Yuan Being Tied to the Stablecoin

NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

Binance and Paxos Team Up to Launch a New USD-Backed Stablecoin   Crypto exchange giant Binance, and digital asset trust company Paxos recently announced their partnership to launch a USD-backed stablecoin. The announcement comes after the approval from the New York State Department of Financial Services (NYDPS).   The new stablecoin, Binance USD (BUSD) is reportedly available later this month … Continue reading NYDFS Approved: Binance and Paxos New Stablecoin Collab & Paxos Gold-Backed Token

Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Ant Financial, an affiliate of Alibaba the e-commerce giant is making efforts to increase the scope and accelerate its charity project which happens to be a blockchain initiative. Alibaba announced that it will make use of blockchain to protect third parties who donate money to charity. The project was revealed last summer with Ant Love, … Continue reading Alibaba Moves to Expand Its Scope For Its Blockchain-powered Charity Project

Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

The Swiss Financial Market Supervisory Authority (FINMA) issuednew guidelines for stablecoins added as a supplement to its existing guidelines for initial coin offerings (ICOs) to outline how stablecoins are treated under the Swiss supervisory law.      FINMA announced on Wednesday that stablecoins are classified under the existing approach of blockchain-based tokens. The regulatory framework for stablecoins may differ depending on their underlying assets that they are … Continue reading Switzerland’s New Stablecoin Guidelines: 3 Things You Should Know

Nigeria’s Unity Bank Collaborates with Binkabi for Blockchain-Based Agricultural Solutions

Nigeria’s Unity Bank has entered into a collaboration with Binkabi, a commodity trading structure that is blockchain-based. The primary objective of this partnership is to propel lending to Nigeria’s agriculture sector.  Expressly, Binkabi will avail blockchain-based agricultural solutions, whereby value addition will be availed to SMEs and farmers by propelling quality storage for farm produces … Continue reading Nigeria’s Unity Bank Collaborates with Binkabi for Blockchain-Based Agricultural Solutions

Blockchain-Based Tenancy Platform via REIQ-Igloo Collaboration in Australia

Real Estate Institute of Queensland (REIQ) has collaborated with Igloo, an Australian technology firm, to set up a tenancy agreement program that will be founded on the blockchain technology. This is intended to happen by the end of 2019. According to news outlet ZDNet, Josh Callaghan, the general manager of REIQ stipulated that the innovative … Continue reading Blockchain-Based Tenancy Platform via REIQ-Igloo Collaboration in Australia

Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics

Waste2Wear, a Dutch green fabrics company, is set to launch the first-ever fabrics collection from ocean plastics. Expressly, this process will be tracked using blockchain technology.  This innovation will be showcased at the international textile fair, Premiere Vision taking place between September 17 and 19. Notably, the fabric collection was revealed on August 20 based … Continue reading Waste2Wear to Use Blockchain in Tracing the Conversion of Ocean Plastics into Eco-Fabrics

Tata Motors Seeks Blockchain-Enabled Automotive Solutions via TACNet 2.0

A program titled TACNet 2.0 (Tata Motors AutoMobility Collaboration Network 2.0) by Tata Motors, an Indian automotive manufacturer, has invited blockchain-based solutions in different areas. They include validating original spare parts, monitoring fuel quality in real-time, and developing demand prediction algorithms. The President of Electric Mobility Business & Corporate Strategy at Tata Motors, Shailesh Chandra, … Continue reading Tata Motors Seeks Blockchain-Enabled Automotive Solutions via TACNet 2.0

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