The UK’s Cryptoassets Taskforce Agrees on Key Objectives in First Meeting

The British government’s newly-established cryptocurrency task force has held its first meeting ahead of assessing what, if any, regulation is required for broad crypto and blockchain sector. The UK government’s ‘Cryptoassets Task Force’ – comprised of Her Majesty’s Treasury alongside the Bank of England and the Financial Conduct Authority (the central bank and the financial

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Amber Baldet, Former JPMorgan Exec Says Banks Will Start Trading Crypto Soon

The former head of JPMorgan’s blockchain operation has said that banks will start to trade cryptocurrency sooner than people think. Banks Are Slowly Changing Their Positions Amber Baldet, a former JPMorgan executive, was speaking during CNBC’s ‘Power Lunch‘ today where she said that banks trading digital currencies was ‘coming sooner than people think.’ She added:

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German Bank Uses Bitcoin’s Blockchain for International Loans

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the largest network in the world enabling financial institutions to exchange formation about financial transactions. Cryptocurrencies are now taking over the business. Bitbond Allows Small Businesses German online bank Bitbond has announced it uses the Bitcoin’s blockchain to facilitate international transfer of fiat loans. Loans are

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Cathay Pacific Launches Blockchain Rewards Program for Flyers

Hong Kong flag carrier and airline giant Cathay Pacific joins a growing list of airline operators exploring applications of blockchain technology. In launching its first application of blockchain technology, the Cathay Pacific Group will issue air miles to customers over a single distributed ledger that will enable customers, the airlines’ partners and the airline manage member

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Hulu Cautiously Optimistic about Blockchain Solutions to Advertising Challenges

Video streaming service Hulu is cautiously optimistic about the potential of blockchain technology to solve problems faced by the advertising industry, particularly in the areas of data privacy and brand trust. Adam Moser, head of ad tech and platform operations at Hulu, told PCMag that the company — which, unlike its major competitors, serves ads

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LG Subsidiary Launches Enterprise Blockchain Platform ‘Monachain’

The IT subsidiary of electronics giant LG has launched its enterprise blockchain platform that can be applied in a number of sectors including finance and manufacturing. Dubbed ‘Monachain’ by LG CNS, the in-house enterprise blockchain platform will reportedly focus its applicability in digital authentication, digital supply chain management, and digital currency, according to a Korea

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Binance CEO Narrows on Sequoia-Linked Projects as Legal Spat Continues

Cryptocurrency exchange Binance has fired a shot across the bow in its ongoing legal dispute with US venture capital firm Sequoia Capital. Binance CEO Changpeng Zhao on Monday tweeted that the company, which operates the world’s largest cryptocurrency exchange according to self-reported data, is considering requiring projects to disclose any affiliations with Sequoia when they

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Bank of Korea Hints at Issuing a Central Bank Digital Currency

The Bank of Korea is set to announce details of an ongoing study into cryptocurrencies next month that includes a plan exploring the possibility of issuing a central bank digital currency (CBDC). In a statement on Wednesday, the Bank of Korea confirmed it was in the “early stages” of studying cryptocurrencies and the implications of

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Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex. The exchange, which in January succumbed to a record-setting hack that saw the attackers make off with $530 million worth of NEM tokens (XEM), raked

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Analyst Says Cryptocurrency Trading Will Be Dominated by Wall Street

Mainstream capital markets have introduced bitcoin futures trading in December 2017, which triggered a run towards the $20,000 highs. That may have been just the beginning as investment bankers in Wall Street announce cryptocurrency trading desks. Wall Street to Domesticate Cryptocurrencies, Says Analyst Barclays Plc, one of the largest banks in the UK, has recently

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