Category: Business News

Security Token Platform iSTOX Admitted to Central Bank Sandbox

iSTOX, a Singapore Exchange-backed security token platform, has been admitted into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), the country’s de facto central bank. Operating within the sandbox since the start of this month, iSTOX is now onboarding its first batch of issuers and […]

State Street’s Blockchain Lead Departs to Build Data Privacy Startup

Moiz Kohari, State Street’s global chief technology architect, has traded his position at the custodian bank for a move into the startup world, he told CoinDesk. Kohari helped kickstart the bank’s wide-ranging technology transformation program structured on a bedrock of distributed ledger technology (DLT) from the point he joined State […]

Coinbase Now Lets Merchants Accept Payments in the USDC Stablecoin

Coinbase Commerce, the cryptocurrency exchange’s merchants payments offering, has added support for the dollar-pegged stablecoin USD Coin (USDC). The development means businesses can now receive payments in USDC from customers “in minutes with zero transaction fees” and no chargebacks, Coinbase announced in a blog post on Monday. “Unlike accepting credit card […]

Russia’s Central Depository to Launch Security Token Blockchain Next Month

Russia’s National Settlement Depository (NSD) plans to launch its long-awaited digital asset ledger next month – 5,000 kilometers away from the institution’s Moscow headquarters. Revealed exclusively to CoinDesk, the Moscow Exchange Group subsidiary chose Switzerland as the jurisdiction to incorporate D3 (Decentralized Digital Depository), a project that’s been in the […]

Crypto Lending Startup BlockFi Slashing Interest Rates on Ether Deposits

Cryptocurrency lending startup BlockFi is almost halving the interest rates it offers on ether (ETH) deposits, while bitcoin (BTC) rates will increase slightly. From June 1, customers with 25–100 ETH balances in a BlockFi Interest Account (BIA) will see the interest rate drop from the current 6.2 percent annual percentage […]

PBoC’s Fintech Research Institute Is Hiring Blockchain Experts

A fintech research institute set up by the People’s Bank of China looks to be widening its blockchain development efforts. The Shenzhen Fintech Research Institute has just announced a total of 29 job openings via the recruitment website Lagou.com, three of which focus on blockchain-related expertise. Specifically, the institute is […]