Investors around the world expect Amazon (AMZN) to join the group of technology giants launching their own cryptocurrencies. These expectations have persisted despite Amazon Pay vice president Patrick Gaulthier making it clear that Amazon doesn’t wish to enter speculative areas.The rumors started in November 2017, when Domain Name Wire reported the company had registered three […]

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Amid a downturn in the cryptocurrency markets, the apparent swathe of Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme could be to blame.On Aug. 14, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — called attention to the ongoing mass sell-offs from the fraudulent Chinese investment scheme, dubbed PlusToken.10 Million Investors […]

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Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies.According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of […]

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Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with a bank-to-bank blockchain network. At the same time, the World Bank’s bond scheme has […]

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Deloitte, one of the “Big Four” professional services firms, has officially launched a plug-and-play product aimed to help enterprises showcase their blockchain solutions to clients.The firm’s new “Blockchain in a Box” (BIAB) is designed as a mobile unit packed with four built-in nodes and several monitors that can be linked to external services such as […]

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Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform.The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain.Co-founders Rashad Kurbanov and Hamid Gayibov have been developing […]

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The Capital Market, Insurance and Saving Authority, a division of Israel’s Ministry of Finance (MoF), is looking to accelerate the process of procuring licenses for blockchain and fintech companies in the country.Israeli business news outlet Calcalist reported the development on Aug. 19. According to the report, the authority has launched dedicated industry teams, some of […]

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A cryptocurrency entrepreneur who became a bitcoin millionaire when he was still a teenager has launched a new venture that he claims will “kill” Facebook’s Libra.Erik Finman, 20, says peer-to-peer platform Metal Pay will be the first “all-in-one” cryptocurrency payments app and will change the way people send and receive money.“We’re going to finally bring […]

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Bitcoin has created a fair few millionaires since it exploded in value over the last few years, with some 17,000 bitcoin addresses containing more than $1 million worth of bitcoin.Bitcoin, by far the most valuable cryptocurrency, has also increased its dominance, a measure of bitcoin’s value compared to the wider crypto market—now at almost 70%.New […]

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This month’s report from the U.S. Commercial Customs Operations Advisory Committee (COAC) reveals that the U.S. government is working on blockchain projects for international trade. One of these projects, on intellectual property rights, is slated for live testing this month.The COAC includes chairs from FedEx, Walmart, and Expeditors International. Walmart’s representative, Barry Baxter, is a […]

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