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Binance Joins Council of Internet Giant Kakao’s Blockchain Project

Klaytn, a blockchain project led by internet giant Kakao, announced that cryptocurrency exchange Binance is joining its governance council.In a joint press release shared with CryptoX on Oct. 22, Binance announced that it is joining the governance council of the service-centric blockchain project, Klaytn, to further push for the

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Mastercard Joins Major Ripple Partner Bank for Payments on Delivery

Global credit card giant Mastercard has announced a major partnership with PNC Bank who is using and developing RippleNet software for their client’s needs. The new partners intend to develop Payment on Delivery, a trial system that allows businesses to pay suppliers in real-time for goods received. PNC has been at the

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Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief

The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco spoke at the University of Georgetown where he made it clear that Anti-Money Laundering (AML) laws apply to everyone.On Oct. 21, banking trade publication American Banker reported that Blanco said that fintech firms offering cryptocurrency users anonymity must

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Canadian Terminal Operator Joins Maersk and IBM’s TradeLens

Global Container Terminals (GCT), a container terminal operator in North America, has joined Maersk and IBM's blockchain shipping tool TradeLens.Adding four Canadian and U.S. terminals to the platform As part of the initiative, Vancouver-based GCT will gradually roll out the blockchain-based platform at the four terminals it operates, the firm

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Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating:“Islamic enterprises will now be able to realise new business opportunities on a platform that

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