Thursday, November 21, 2019
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India’s Finance Minister Warns Other Nations Against Cryptocurrencies

India is readying itself for a major revision of its cryptocurrency policies. In this regard, it has been approached by officials of many governments who have informed the Indian government about possible global risks associated with digital currencies.India’s finance minister, Nirmala Sitharaman, noted positively that all nations who have raised

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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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Lloyds Bank Partners With Blockchain Platform to Streamline Trade Finance

Lloyds Bank is partnering with blockchain platform Komgo to streamline its commercial banking division.Blockchain to streamline international trade processOn Sept. 25, United Kingdom financial news outlet FStech reported that Lloyds Bank has partnered with the distributed ledger technology firm Komgo. Lloyds Bank, one of the “Big Four” clearing banks

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R3 and Infosys Wrap up Global Trial of Blockchain Based Trade Finance

Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys has completed a global five week blockchain trial in partnership with R3. advertisement Stephen Obasi, Group Head, Head Office Operations, Fidelity Bank, said:  “This is an audacious step by Infosys to simplify and revolutionize global trade finance practice using Blockchain technology.

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Venezuela to Finance Housing Projects through Petro Cryptocurrency

Venezuela has decided to use its state-backed cryptocurrency, the Petro, to fund its ambitious housing scheme.Ildemaro Villarroel, the country’s Minister of Habitat and Housing, confirmed this news in an announcement made on a government website. The minister agreed confidently that by funding the project through the country’s pet cryptocurrency, Petro,

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Binance Invests in Chinese Crypto News Publication Mars Finance

One of the largest crypto exchanges in the world, Binance, made its first strategic Chinese investments since leaving China back in 2017. Binance joined the third funding round of Beijing-based Mars Finance, a local crypto and blockchain news publication.The exact amount invested wasn’t disclosed; however, Chinese media and data source

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