Share
China-based Tencent, one of the biggest companies in the world, is prepping to open its own blockchain-based bank thanks to a new license approved by the Hong Kong Securities and Futures Commission (SFC). We learned this news via Yige Cai, the blockchain chief at the company, at the World Blockchain Summit in Wuzhen, China, and…
Share
The Chinese city of Guangzhou is looking to provide to blockchain projects. It’s focusing specifically on public blockchain projects that don’t have an associated cryptocurrency token. According to a document published by the region, they will contribute to two projects a year. Any public project without a partnered asset will be able to receive $1.4 million…
Share
Blockchain spending around the world is expected to grow by 2022. According to a recent report conducted between 2018 and 2019, the United States is expected to increase its Blockchain spending by 280%. Other regions are also expected to spend larger amounts on distributed ledger technology (DLT). Blockchain Spending To Grow Around The World As…
Share
The People’s Bank of China, otherwise known as the country’s Central Bank, is going in on blockchain to some degree, we’ve learned from documents from the country. Essentially, the regulatory body there is looking to certify all sorts of products that take advantage of the technology among other emerging FinTech. This certification will be aptly named…
Share
Ripple, the company behind the popular, banking-centric XRP cryptocurrency, has just opened up an office in Washington D.C., reports Forbes. On top of this, the company’s Global Head of Government Relations is representing the company in the Blockchain Association. Worth noting even more is the fact that Craig Phillips has joined the Ripple Board of…
Share
Blockchain technology is used for much more than as a payment solution, as many are coming to realize. In fact, three students at one Indian University, Malla Reddy Engineering College for Women, have put together a blockchain ‘smart voting system’ that will help citizens vote online, reports the Hindu Business Line. One student, Shivani, shared…
Share
China Construction Bank (CCB), one of the largest state-owned banks in China, launched an improved version of its blockchain-based BCTrade platform. The solution gained popularity in the last 18 months after being released. China Construction Bank Enhances Blockchain Platform According to a recently released report, China Construction Bank’s BCTrade platform processed more than $53.5 billion…
Share
The Bank of America is bringing on an expert to help them build and take advantage of the Ripple blockchain technology created by Ripple Labs, according to a job posting on LinkedIn. Interestingly, it’s possible that they might have already brought that person on, considering that the application states it’s no longer accepting anyone. Regardless,…
Share
Hdac, the crypto subsidiary of Hyundai, is expected to invest $10 million in blockchain-based systems, including decentralized application (dApps) services, a token compensation ecosystem, and more. The information was recently released by the local news site Fn News. Hyundai’s Hdac to Invest $10 Million In The Blockchain Industry According to the report, Hdac wants to…
Share
Securitize, a self-described “global solution for issuing and managing compliant digital securities on the blockchain,” has just brought in $14 million via backers like Banco Santander, MUFG, and Nomura Holdings. The three of these are some of the biggest banks in the entire world. According to a press release, the money is being used to…
