BLOCKCHAIN

Chinese Banks Use Blockchain Platform to Process Millions in Foreign Trade

[ad_1] Over 20 banks in Chongqing China have used a trade finance platform powered by blockchain to process over $56 million in foreign trade transactions. It has completed a total $460 million in export trade financing after a year-long pilot program, according to Chongqing Daily’s March 11 report.  The blockchain platform reportedly allows stakeholders to verify export receivables, tax documents and credit information automatically, which reduces labor-intensive processes and red tape. Chinese
Business

Alibaba Files for a Blockchain Transaction System in Brazil

[ad_1] Chinese e-commerce giant Alibaba has registered a blockchain-based system patent in Brazil under the category of "insurance," "financial business" and "monetary business,” according to the March 10th edition of the Industrial Property Magazine (NPI).As reported by the NPI, the name of the mechanism is “Ant Unicorn.”Regarding the financial solution, the patent covers real estate services, credit card payment systems, invoice processing and the strengthening of security to process transactions.The report
EXCHANGES

Top 5 Tools to Help You Invest in Bitcoin

[ad_1] With global markets spiraling across the board from oil and stocks to crypto you may not want to invest in bitcoin right now. That said, if you believe in its long-term potential, pro-investors will always tell you to buy the dip. Warren Buffett maintains that the best time to invest is in a climate of fear–and it’s pretty scary out there right now. He may not be rushing out
Business

What Mainstream Financial Advisors Are Saying About Bitcoin

[ad_1] During the mainstream market’s current decline, investment advisors are giving out a myriad of advice, with some even mentioning Bitcoin (BTC). Morgan Creek Digital co-founder and partner, Anthony Pompliano, or “Pomp,” tweeted an inquiry to his followers, asking what their financial advisors have told them recently, given the current falling market. Some Advisors say buy during market declineAmid coronavirus concerns and oil trade events, traditional markets have taken a hit over
BLOCKCHAIN

A Q&A With Meltem Demirors of CoinShares

[ad_1] It seems Meltem Demirors does a little bit of everything.The crypto journeywoman has served as vice president of Digital Currency Group, a member of the World Economic Forum’s Blockchain Council, an advisor to MIT Media Lab, and a lecturer at the University of Oxford’s business school. She even co-hosts a well-subscribed podcast with her friend and fellow crypto hound Jill Carlson, though that project is on hiatus.These days Demirors
EXCHANGES

Tokyo Police Arrest 2 Men for Buying Cryptocurrency Tied to $530M Coincheck Hack

[ad_1] Tokyo police arrested two individuals on Wednesday for acquiring stolen NEM from the 2018 Coincheck hack. On Jan. 26, 2018, the Japanese trading platform Coincheck noticed an “illicit transfer” of 523,000,000 NEM and it was the largest cryptocurrency exchange hack since Mt Gox. According to Tokyo investigators, the two men who obtained the purloined stash of NEM knew they collected coins derived from a crime. Also read: Judge Gives
Business

Russia Updates Its Laws for Cryptocurrencies

[ad_1] The volume of cryptocurrency flows on darknet markets — which are involved in illegal drug and arms trafficking, remittance and transfer of illicit funds — have doubled for the first time in four years, a new report says. Accordingly, Russia has been updating its bribery and Anti-Money Laundering laws regarding cryptocurrencies to aid its burgeoning digital economy.Related: Presumed Guilty: Financial Watchdogs See Crypto as Illicit by DefaultCryptocurrency briberyBitcoin (BTC)
BLOCKCHAIN

Berkeley Blockchain Xcelerator Reveals Projects for 2020 Cohort

[ad_1] The Berkeley Blockchain Xcelerator announced the selection of 17 startups for its third cohort, scheduled to take place in the spring of 2020. The accelerator is a joint venture between organizations on the California-based UC Berkeley campus.The venture, made up of the Sutardja Center for Entrepreneurship & Technology, Berkeley Engineering, the Berkeley Haas School of Business, and Blockchain at Berkeley, announced the selections in an official statement on March
BUY/SELL

Bitcoin Clings to $7.8K but WHO Pandemic Declaration Sinks Markets

[ad_1] As equities markets across the globe continue to post hefty losses, Bitcoin (BTC) traders fought to keep the digital asset above the $7,800 support. Less than an hour ago the Dow closed down more than 1,400 points and the S&P 500 posted a 4.89% loss as the World Health Organization officially announced that the Coronavirus is now classified as a pandemic.The WHO announcement was followed by an ominous statement
BLOCKCHAIN

Binance Dollar Exceeds $100 Million Cap ‒ 400% Growth

[ad_1] On March 10, the Binance Dollar’s (BUSD) market cap crossed the $100 million mark. This is the first time that the stable coin, created in partnership between Binance and Paxos Trust company, has achieved this milestone.BUSD growthCurrently, BUSD has the sixth highest market cap amongst stable coins. BUSD had a slow start, but has picked up steam (no pun intended) recently ‒ with a 400% monthly growth, going from