Business News

IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds

14 hours ago admin2 0
The latest attempt to create a cryptocurrency pegged to the U.S. dollar, or “stablecoin,” combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions. The token will be backed Read More

Tech Giant Oracle Launches Blockchain Cloud Service Platform

14 hours ago admin2 0
Advertisement Tech giant Oracle has formally launched its much-anticipated blockchain service, and many global organizations have already jumped aboard the platform. News of Oracle’s new blockchain platform first came to light in May, as reported by CCN. At the time, Thomas Kurin, Oracle’s president of product development, mentioned how this upcoming platform would be integrated Read More

What to Expect When Congress Talks Crypto (Twice) Tomorrow

15 hours ago admin2 0
It’s a crypto doubleheader on Capitol Hill tomorrow. Two U.S. House of Representatives Committees will be hosting hearings on Wednesday to look at the topic from two distinct angles. The House Committee on Agriculture will focus on the emergence of “digital assets” while the Financial Policy Subcommittee hearing will examine “the extent to which the United States government Read More

Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform

1 day ago admin2 0
Advertisement The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kong’s de facto central bank’s initiative back on March 30. At the time, the bank unveiled a proof-of-concept Read More

Congress Is Now Holding Two Crypto Hearings This Wednesday

1 day ago admin2 0
Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday. Last week, CoinDesk reported that the House Committee on Financial Services will gather this week to discuss the subject, with this particular hearing honing in on the question of crypto as a new form of money. A memo published since Read More

‘Bond Coin’: Thailand Plans Blockchain Token for Instant Securities Settlement

2 days ago admin2 0
Advertisement A prominent securities markets body in Thailand is preparing a blockchain-based token that will power instant clearing and settlements of corporate bonds. After researching blockchain technology for a bond registrar services platform, the Thai Bond Market Association (TBMA) has revealed its intention to create a “Bond Coin”, a custom token on a private blockchain Read More

Thailand Is Planning a ‘Bond Coin’ for Faster Securities Settlement

2 days ago admin2 0
A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country. The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market, Read More

U.S Congressman Sounds Off On Cryptocurrency Industry Amid Democratic Hacking Scandal

3 days ago admin2 0
Advertisement The recent indictments of 12 Russian intelligence officers by the team of Special Counsel Robert Muller has been dominating headlines. The officers are charged with hacking the computer networks of some staffers on the Hillary Clinton campaign, people involved with the Democratic National Committee, and people involved with the Democratic Congressional Campaign Committee. Deputy Read More

$13.5 Million Hack Ignites Fresh Debate Over Crypto Project Bancor

3 days ago admin2 0
Innovation is never easy. That said, sometimes it can be that much harder. Such was the case for crypto project Bancor this week, which saw its design decisions and strategy picked apart on social media as it sought to contain the damage from a multimillion-dollar hack. On Monday, the project announced its app was down for maintenance, and Read More

Bitcoin Price Could Hit $15,000 This Year: Fmr. Goldman Sachs Exec.

4 days ago admin2 0
Advertisement Christopher Matta, a former vice president of investment management division at Goldman Sachs, still maintains he would invest his mother’s money in bitcoin. A callout box on the TV screen noted Matta believes a return to $15,000 for bitcoin is attainable. Now the co-founder of Crescent Crypto Asset Management, told CNBC’s “Fast Money” in June Read More