Category: Adoption

iSTOX to Launch Digitized Securities Trading Platform in Singapore

According to a report from The Straits Time, May 24, 2019, Singapore-based capital market platform iSTOX has been added to the Fintech Regulatory Sandbox of the Monetary Authority of Singapore (MAS). The platform is expected to service digitized securities trading from the fourth quarter of 2019. Regulated Capital Markets Platform […]

Alibaba to Integrate Blockchain in Intellectual Property Protection Platform

Chinese Internet company Alibaba announced that it would be revising the security of its Intellectual Property Protection system for global enterprises and brands. The revision includes the integration of blockchain technology, reported local news outlet Sohu on May 23, 2019. Digital Copyright Protection  While cryptocurrencies still struggle to gain grounds […]

Banking made Possible for Unbanked Africans with Imani Blockchain Payments Platform

African countries still have a considerable portion of the adult population that remain unbanked. Heidi Metz, the CEO and founder of payments startup Imani, is focusing on helping African citizens by providing them a blockchain-based, cheap mobile banking platform where users can store both fiat and digital currencies. This according […]

Russia Central Bank Mulls Gold Standard for National Cryptocurrency

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged ‘Crypto-Ruble’ a Possibility The Bank of Russia hinted at a meeting at State […]

Financial Firms Tease Adoption of Ripple’s XRP-Powered xRapid

Two financial firms are signaling future support for Ripple’s XRP-powered cross-border payment solution xRapid. Thailand’s Siam Commercial Bank (SCB) recently told XRP enthusiasts to “wait for further announcement” regarding XRP. The bank is the third largest in the country and is currently using Ripple’s financial messaging system xCurrent to move money […]

Blockchain Technology, A Great Tool for Transparent Elections

Blockchain technology, the building blocks of bitcoin (BTC) and other cryptoassets proved once more that it is more than just hype by enabling the results of 25 million votes out of 193 million to be obtained within a few hours, during the just-concluded electoral process in Indonesia. The distributed ledger […]

European Central Bank: Bitcoin isn’t a threat, cryptocurrency not a new asset class

The European Central Bank (ECB), Eurozone’s chief financial regulator, has released its report on cryptocurrencies and their implications on the financial stability of the region. The paper took a neutral stance towards digital assets and said that they weren’t a threat to the economy. The European Union’s stance towards cryptocurrencies […]

New Jersey Legislators Vote Unanimously in Favor of Blockchain Bill

A bill looking to study the integration of blockchain technology into the recordkeeping and service delivery processes of the state, county, and municipal governments of New Jersey has been approved unanimously. The legislation has now been passed to the Governor’s desk, according to a press release on May 23, 2019. […]

World’s Oldest Watch Manufacturer to Use Blockchain for Tracking Timepieces

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces, lifestyle magazine Robb Report reported on May 24. Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. The company plans to issue a paper and digital certificate to each […]