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Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

One of China’s major banks, the Industrial and Commercial Bank of China (ICBC), has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector. ICBC has previously … Continue reading Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Bitcoin Smashes New High of Over $60K as Valuation Now Exceeds JPMorgan, BoA, and ICBC Combined

Over the weekend, Bitcoin crossed a crucial milestone, hitting a record-high of over $61,000 before falling back slightly. Institutional wave continues to push Bitcoin higher At the time of writing, the cryptocurrency is steadily trading above $60K. Analysts are attributing Bitcoin’s surge in price to the institutional investments that have continued to back the digital … Continue reading Bitcoin Smashes New High of Over $60K as Valuation Now Exceeds JPMorgan, BoA, and ICBC Combined

Ethereum Crosses $1,900 For the First Time in Its History as Total Value Locked in ETH 2.0 Hits All-Time High

Ethereum (ETH) continues to rise in popularity in the crypto space as its current bull run has seen the cryptocurrency reach new record-highs. ETH is now a stone’s throw away from the $2,000 mark as it surged past the $1,900 mark. New data by Santiment reveals that the number of whale addresses holding at least … Continue reading Ethereum Crosses $1,900 For the First Time in Its History as Total Value Locked in ETH 2.0 Hits All-Time High

More Investors are Jumping on the Ethereum Bandwagon

With a market capitalization of $200 billion, Ethereum (ETH) continues to grow and increase in popularity as it stands fourth in valuation among top global banks after JPMorgan Chase, Bank of America, and ICBC. The second-largest cryptocurrency has been up by 10.95% in the last seven days to trade at $1,744 at the time of … Continue reading More Investors are Jumping on the Ethereum Bandwagon

Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products

Two major government-owned Chinese banks are expanding their pilot programs for the national Digital Currency. China Construction Bank (CCB) and Bank of Communications (BOCOM) have begun studying the new use cases of the digital renminbi by allowing citizens to use it to purchase investment funds and insurance products online. The two state-run banks are working with fund management and … Continue reading Chinese State-Owned Banks Start Exploring Digital Yuan Use-Cases for Buying Investment Funds & Insurance Products