Standard Chartered announced news on Wednesday (August 29) that it is teaming up with Siemens Financial Services, the financing arm of Siemens, and TradeIX, a digital trade provider, to conduct the first client pilot to create an end-to-end blockchain-based smart guarantees proposition in trade finance....
Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process. In fact, PwC gives a sense of just how...
Dash is teaming up with Kripto Mobile to spread its payment system through Latin America, Cryptovest reported. Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. In a tweet, Dash International Outreach...
Russian Airline S7 has experimented with an application based on blockchain that keeps track of data and paperwork related to plane refueling, CoinDesk reported. The company tested the system on a domestic flight with Alfa-Bank and Gazpromneft-Aero, the airline’s fuel supplier. In a statement, the...
The People’s Bank of China (PBOC) has put out a warning about criminals participating in frauds hyped as “digital currency,” “blockchain” and “financial innovation,” Cryptovest reported. In a statement, the bank and other Chinese agencies said that many activities related to crypto and the blockchain “are not...
While lawmakers in Ohio are still figuring out how to use the blockchain, they’re interesting in putting that technology into practice. On Thursday (August 23), Ohio House of Representatives Speaker Ryan Smith brought together a group to talk about the state’s intent to bring in...
Binance has unveiled more details about its Binance Labs Incubation Program, which was introduced in June, according to reports. Through the program, approximately eight to 10 companies work over a stretch of 10 weeks. In terms of frequency, Binance Labs CEO Ella Zhang said the...
Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models. The attractiveness of blockchain as a distribution method has been well documented, with the immutability of recording transactions and the relative...
Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. Bloomberg, citing the Securities and Exchange Commission, reported the government agency rejected bitcoin ETFs from ProShares, GraniteShares and Direxion, citing concerns that the funds would be easily manipulated....
