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HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

HSBC Successfully Executes First Blockchain Letter of Credit in Malaysia

HSBC announced its successful execution of a pilot live blockchain letter of credit (LC) transaction in Malaysia on Oct. 14.

Kraken Is the First Cryptocurrency Exchange to Become a US Bank

Kraken Is the First Cryptocurrency Exchange to Become a US Bank

Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.

Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO

Facebook-Backed Association Picks Another Former HSBC Executive as Libra Network's CEO

James Emmett, the former HSBC executive, is joining Libra Networks as the new managing director. He will assume his new role on October 1.

BTC Institutional Investor Base Now Targeting Ethereum (ETH), says Grayscale Managing Director

BTC Institutional Investor Base Now Targeting Ethereum (ETH), says Grayscale Managing Director

Michael Sonnenshein, the managing director at Grayscale Investment LLC, has disclosed that Ethereum is one of the cryptocurrencies that people are looking at for investment.

IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution

IMF Official Talks Benefits and Shortcomings of CBDCs, Proposes a Hybrid Solution

Tao Zhang, deputy managing director of the International Monetary Fund (IMF), acknowledges the tremendous promise that CBDCs hold and challenges lying ahead.

Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan

Bitmain's Board Makes Decision Ousting Co-Founder Ketuan Zhan

Bitmain has changed its company structure in the registration filing with government agencies. Leading to Wu becoming executive director and legal representative of the company.

Canada to Become the Global Leader in the Blockchain Industry, Report Indicates

Canada to Become the Global Leader in the Blockchain Industry, Report Indicates

In a recently published report by the Canadian Chamber of Digital Commerce showed that Canadians in the blockchain industry are amongst the highest-earning salaries in the country. The report also noted that Canadian blockchain companies want more legal clarity, to understand where their government stands regarding regulation in Canada.

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency

The US SEC has announced that William Hinman, the current director of the Division of Corporate Finance, would leave the commission by the end of this year.

Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward

Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward

Tribe Accelerator is Singapore’s first government-backed blockchain accelerator, on a mission to bridge the gap between blockchain startups and the traditional world. Yi Ming Ng, the Managing Director at Tribe Accelerator, believes that blockchain is beneficial to a lot of businesses from different industries. However, there has been a lot of fear and speculation around cryptocurrencies in the traditional corporate world.

R3 - Revolutionizing Trade Finance with Blockchain

R3 - Revolutionizing Trade Finance with Blockchain

R3 leads the largest blockchain ecosystem in the world, creating initiatives using distributed ledger technology. Carl Wegner, the Managing Director and Head of Asia at R3, elaborates on the consortium’s reach with its broad ecosystem, on initiatives that are built on Corda, including, Project Voltron, Project Inthanon, Project LionRock, and Project Ubin in Asia.  

Possible Impacts of Bitcoin Futures on the World Economy in the Next 10 Years

Possible Impacts of Bitcoin Futures on the World Economy in the Next 10 Years

In the past month, there was a little increase of attention towards Bitcoin futures as Bakkt launched its own market, the Bitcoin futures market has been around since 2017. However, there are still some individuals who don’t clearly understand what it is.

Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million

Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million

Peter Jubber, the president and director of digital funds at Fidelity filed for a new fund dedicated to Bitcoin with the US SEC.

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