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Chinese Bank Partially Owned by the Government Invests in Nervos STO

The Nervos Network security token offering (STO) has aimed to start on Oct. 16, to raise an undisclosed amount within two weeks via theCoinList platform. Kevin Wang, the co-founder of the Nervos project said that China Merchants Bank International (CMBI) based in Hong Kong and a subsidiary of China Merchants Bank has committed to contribute to the public STO. 7 … Continue reading Chinese Bank Partially Owned by the Government Invests in Nervos STO

Bank of America Announces Blockchain Job Openings

Bank of America, the second-largest bank in the United States recently announced various blockchain job openings, and this is a perfect indicator that the bank seeks to embrace blockchain technology in its operations. For instance, six positions substantially mention blockchain as one of the requirements. Expressly, one is for the treasury product manager role, whereby … Continue reading Bank of America Announces Blockchain Job Openings

China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

One of China’s four largest banks, China Construction Bank (CCB) has officially released the second version of its blockchain platform for trade finance, reaching 360 billion yuan ($50 billion) in cumulative transaction volume. CCB announced the release of “BCTrade 2.0,” focusing on digitizing trade and financial services between 54 domestic and overseas CCB branches and 40 external … Continue reading China Construction Bank Announces Updates of Blockchain Platform After $50B Transacted

Coinbase Secures an E-Money License From the Central Bank of Ireland

US-based cryptocurrency exchange, Coinbase, has just been granted an e-money license in Ireland by the Central Bank of Ireland as it continues its expansion into Europe. This marks Coinbase as one of the few companies who have been able to obtain such a license and thus serve as Coinbase’s second landmark achievements in its European … Continue reading Coinbase Secures an E-Money License From the Central Bank of Ireland

Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos

Canada’s Central Bank, the Bank of Canada, is considering launching a digital currency that would enable the collection of data on how Canadians spend their money. The two-year research findings The Bank of Canada prepared a presentation for Stephen Poloz, the Governor, and the bank’s board of directors. During the internal presentation, members of the bank … Continue reading Canada’s Central Bank Considers Launching a Digital Currency to Combat the “Direct Threat” of Cryptos

Bank of America Plays Ripple Project Close to Chest

Bank of America (B of A) has been keeping its blockchain contingency plans under wraps for the better half of a decade. According to a tweet from CoinDesk’s Nick Carmillo, B of A has been quietly testing Ripple’s distributed ledger technology (DLT) and a recent job posting from the bank now indicates they may be planning to … Continue reading Bank of America Plays Ripple Project Close to Chest

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

On Oct. 17, CIMB Bank Singapore and iTrust successfully finished their first trade financing transaction. It was founded on iTrust’s functional Blockchain and Internet of Things (IoT) structure. This collaboration has been exceptional as it has set the ball rolling in the blockchain trade financing arena. Notably, it is the first-ever to be accomplished. According … Continue reading CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns

Ralph Hamers, the CEO of ING, warned that Facebook’s relationships with banks will probably be cut off due to its inability to address Libra regulatory issues, especially the money-laundering fears. Hamers made this known in an interview with the Financial Times on Oct. 22, stressing that banks, especially ING have functions to play as gatekeepers … Continue reading ING Warns Facebook’s Ties With Banks May Be Breached Due To Libra Regulatory Concerns

Malaysia’s Largest Bank Signs Blockchain Partnership for Remittance

The Malaysian news outlet The Edge Markets reported in mid-October that the largest Malaysian bank (Maybank) would work alongside the National Bank of Cambodia to encourage cross – border payments and remittances. This agreement will explore the possibility of transferring funds between Cambodia and Malaysia through NBC’s blockchain-based ‘Bakong’ payment system at both levels; domestic … Continue reading Malaysia’s Largest Bank Signs Blockchain Partnership for Remittance

Bank of Lithuania Selects IBM and Tieto as Finalists for its Blockchain-Powered LBChain Project

Bank of Lithuania, the nation’s central bank, has chosen IBM, a technology titan, and Tieto, a leading Nordic software and services company, as the finalists in its blockchain-powered LBChain project. On Oct 23, Fintech Futures revealed that both companies would enter the final level of the testing stage, and the winner will be announced as … Continue reading Bank of Lithuania Selects IBM and Tieto as Finalists for its Blockchain-Powered LBChain Project