Day: August 5, 2022

Bank of America is considering Bitcoin, Ethereum, and other altcoins to be cash equivalent, and will treat crypto-related transactions as cash advances. An image posted on social network Reddit showed a possible change in credit card terms and conditions of Bank of America regarding cryptocurrencies such as Bitcoin (BTC). Bitcoin, Ethereum, Litecoin, and other cryptocurrencies were …

Bank of America Considers Bitcoin and Crypto Transactions to be Equivalent to Cash Read More »

As reported by Reuters on Monday, the roughly $14 million deal with Chinese metals giant Baoshan Iron & Steel Co Ltd. (Baosteel) was conducted on a platform created by Canada-based startup MineHub Technologies. The MineHub platform was used to process contract terms, exchange documents online and provide visibility and accountability along the supply chain. The transaction took …

World’s Biggest Mining Firm Makes First Ore Trade on a Blockchain Read More »

B21, a digital asset investment company, recently launched their own Blockchain investment portfolio app in light of these changes. They claimed that the Supreme Court of India’s announcement “has led to renewed interest in digital asset investing and a spike in exchange trading volumes” in the country. Speaking with Cointelegraph, Nitin Agarwal, founder and director of B21, commented on …

Crypto Mobile Apps Are on the Rise in India Following Supreme Court Decision Read More »

Australians can now pay for their bitcoin at outlets of one of the country’s oldest organizations, its postal service. In a collaborative effort between Australia Post and Bitcoin.com.au, customers will now be able to use the Post Billpay feature to purchase bitcoin and other cryptocurrencies at over 3,500 post office shops across the country. AusPost confirmed the …

Australia Post Now Lets Customers Pay for Bitcoin at Over 3,500 Outlets Read More »

There have been several significant movements forward for digital assets, and there are more to come. Here’s what to keep an eye on. The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for …

What Recent Developments in the Fintech Space Mean for Our Future Read More »

The Valley Forge, Pa.-based investment firm ran the pilot on Symbiont’s Assembly blockchain with participation from State Street, BNY Mellon and investment firm Franklin Templeton. Vanguard and Franklin Templeton acted as dealer banks and State Street and BNY Mellon acted as counterparty banks as well as custodians, said Symbiont’s foreign exchange lead, Joe Ziccarelli. Symbiont …

Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange (FX) transactions. Read More »

Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether. Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to become the first crypto exchange to list a token by JPMorgan’s blockchain spin-off Kadena. Kadena token (KDA), is finally getting its first official listing …

JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing Read More »

KPMG has announced the launch of its patent-pending crypto analytics suite, KPMG Chain Fusion to streamline crypto-related services for financial services and FinTech companies. KPMG Chain Fusion uses a structured data model to combine data from blockchain infrastructures, and traditional systems to provide analytics for business, risk, and compliance purposes.  KPMG has observed that the …

KPMG Launches Patent Pending Crypto Analytics Suite KPMG Chain Fusion for Institutions Read More »

China’s planned CBDC rollout is expected to see the digital yuan dovetailing with the country’s electronic payment systems. Central bank digital currencies continue to be a popular topic of discussion within the crypto and broader financial circle, with China often dominating the headlines owing to the progress of its planned digital yuan project. On June 22, a former …

China’s CBDC Adoption Plan Puts Domestic Monetary Control at Forefront Read More »

Retailers including CVS Pharmacy, Rite Aid, and 7-Eleven now allow LibertyX mobile app users to purchase up to $500 in Bitcoin with cash. LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States.  In a June 22 announcement on …

LibertyX Allows BTC Purchases in Cash at 7-Eleven, CVS, and Rite Aid Read More »