This article is contributed by our content partner, Nexchange NOW. The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:” The $373-billion asset bank is evaluating Marco Polo’s … Continue reading BNY Mellon Joins Marco Polo Trade Finance Consortium
The issuance of Central Bank Digital Currency (CBDC) has been making airwaves with major players such as the U.S. and China, leading the race. The Bank of Mauritius appears to be jumping on this bandwagon based on an announcement that it wants to introduce a digital currency. Its governor Yandraduth Googoolye acknowledged that the institution … Continue reading Mauritius Jumps on Digital Currency Bandwagon
Licensed e-money issuer Monerium has partnered with Algorand, a permissionless, open-source, proof of stake blockchain protocol. Both firms have entered into a non-exclusive agreement. Based on the terms of the agreement, Monerium will issue its programmable and regulated electronic money on the Algorand blockchain platform to support fiat-currency transactions on the protocol. The CEO and Co-founder … Continue reading Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain
According to a Cointelegraph report, the World Economic Forum (WEF) has unveiled what is considered to be the first-ever global consortium designed to create a framework for international governance of cryptocurrencies. The launch of the consortium took place in Davos, Switzerland. Digital currencies are frequently cited as an instrument for financial inclusion. However, this opportunity can … Continue reading World Economic Forum Launches Global Consortium for Digital Currencies Governance
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant … Continue reading Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Ant Financial, the parent company of AliPay, has launched OpenChain, a new blockchain platform that gives developers and small and micro enterprises (SMEs) the power to leverage the Chinese blockchain giant’s proprietary blockchain consortium and efficiently and cost effectively deploy smart contracts and create decentralized apps (DApps). Ant Financial Blockchain is the largest productivity blockchain … Continue reading Ant Financial Launches OpenChain for China's Small Businesses to Leverage its Enterprise Blockchain Consortium
The Mobility Open Blockchain Initiative (MOBI)—a consortium backed by Honda, General Motors Company and IBM amongst others—has launched a blockchain-based standard for Electric Vehicle Grid Integration (EVGI). The Need For a Standard In The Electric Vehicle Industry With the rapid transformation of mother earth owing to climate change implications, several companies following government regulations have … Continue reading Auto Giants Consortium MOBI Reveals First Blockchain-based EVGI Standard
A consortium led by Ernst and Young subsidiary in Hanyoung has made the first and only bid to construct the business model for the Bank of Korea’s Central Bank Digital Currency project. Accordig to reports from local news outlet ZDNet Korea, the consortium which also comprises of Samsung SDS and Naver line may be chosen for … Continue reading EY-Led Consortium Submits Bid To Help Develop South Korea's CBDC
Equilibrium, a decentralized cross-chain money market, has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts. The decision to settle on Chainlink was propelled by its time-tested solution as a decentralized oracle provider. Real-time valuations on DeFi assets Daniel Kochis, Head of Chainlink Business Development, was enthusiastic … Continue reading Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
In an interview with Financial News media outlets, Mark Mobius, emerging markets asset manager and founder and CEO of Mobius Capital Partners, said that it makes no sense trying to analyze and predict the future price of Bitcoin because the cryptocurrency does not follow any pattern. CEO of Mobius Capital Partners, Mark Mobius said: “Trying … Continue reading Mobius Capital Partners CEO Says Trying to Predict Bitcoin Price is "Loser's Game"