A former executive at StyleHaul has pleaded guilty to embezzling millions from his former employer. Dennis Blieden pleaded guilty to federal criminal charges for embezzling more than $22 million from StyleHaul and then using the stolen money to expense his lifestyle, as well as to...
Singapore-based BCB Blockchain announced that it has launched a $300,000 fund to support incubators and startup accelerators in the Philippines under the Department of Science and Technology (DOST). During the 3rd National Technology Business Incubator Summit (TBI Summit), the company revealed that it signed a...
JPMorgan’s wholesale car financing arm has filed a patent application to use blockchain to track the automobile inventory it finances for car dealers. The application describes a distributed ledger-based version of floorplan lending, a revolving line of credit that allows car dealers to borrow against...
Paris-based Ultra, which has created its own blockchain, announced that French video game giant Ubisoft will become the first major gaming system to test out payments on its blockchain for gamers. “Since Ubisoft is already a leader in the games industry, and shows commitment to...
Fidelity Digital Asset Services (FDAS) has been granted a charter by the New York State Department of Financial Services (DFS) under New York Banking Law, allowing it to operate as a limited liability Trust Company as part of the state’s rapidly growing virtual currency marketplace....
Despite previous reports, the Royal Bank of Canada (RBC) is not planning on launching its own digital currency trading platform. Last week it was reported that RBC’s planned trading platform would “facilitate buying and selling of individual digital coins, including bitcoin (BTC) and ether (ETH),...
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. “The Administrator should create a pilot blockchain-based land/property registry with critical information needed...
U.K.-based banking service platform Cashaa is launching U.S. dollar bank accounts for crypto businesses in partnership with Metropolitan Commercial Bank. Starting on November 25, cryptocurrencies and other high-risk businesses can apply for accounts that will offer full banking features from anywhere in the world, except...
A German airline has issued the first airplane tickets powered by blockchain technology, according to a report by Reuters. Hahn Air, an airline that flies throughout Europe, said the blockchain tickets were a partnership with open-source travel distribution platform Winding Tree. Blockchain is a shared...
