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DBS and Standard Chartered to launch blockchain platform to curb trade finance fraud

The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-oncept of their blockchain trade finance platform called the Trade Finance Registry.The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company dltledgers. dltledgers told Cryptox that the

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Gold Price Hits 7-Year High as Fed Scrambles to Curb Rate-Cut Mania

Gold surged 0.9% to $1,626.50/oz., a new seven-year high. Federal Reserve Board members are pouring cold water on expectations of gradual rate cuts this year. Stocks suffer a major setback over coronavirus, overvaluation fears. Gold charted a fresh seven-year high Thursday after the Federal Reserve’s top brass tried to temper the market’s expectation

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Better Regulation Could Curb Crypto Scams, Chainalysis Report Says

Greater regulations and enforcement can deter some crypto crimes, blockchain forensics provider Chainalysis said in a new report.Chainalysis’ 2019 Crime Report, published Wednesday, details its analysis of illicit activities last year, contrasting 2019 actions with previous years. It found that while the amount of bitcoin sent from criminal entities doubled

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