Author name: stelixeditor2

The United States Securities and Exchange Commission has voted to adopt rule amendments to expedite the review procedure for companies applying for public listing. The Securities and Exchange Commission (SEC) announced on July 6, that it had voted to adopt rule amendments to establish an expedited review procedure for investment companies under the Investment Company Act. The new …

SEC Adopts Expedited Public Listing Review Process—Blockchain ETFs Could Qualify Read More »

Fabio Panetta, a member of the Executive Board of the European Central Bank (ECB), stated in his address to the European Parliament that the ECB intends to remain at the forefront of discussions concerning the nature of money in the digital world, including the exploration of the desirability and feasibility of establishing a central bank digital currency …

ECB Plans to Lead CBDC Exploration to Unleash Global Power of the Euro Read More »

The Monetary Authority of Singapore (MAS) introduced Project Ubin in November 2016, along with its partnership with R3, to build a proof-of-concept project to conduct inter-bank payments using blockchain.  Project Ubin, spearheaded by the MAS, is a project exploring the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and securities. …

Monetary Authority of Singapore Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19 Read More »

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility. Although no timetable for Japan’s CBDC experimentation has been revealed, this is the first announcement by the BoJ that it will commence a Proof …

Bank of Japan Testing Digital Yen CBDC Read More »

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 »