Cryptocurrency Analysis and News Portal
Guangfa Bank, one of the biggest commercial banks in mainland China, has recently launched the first cross-border blockchain-based financial settlement system, allowing for seamless payment settlements between mainland China, Hong Kong and Macau — what China dubs the “Greater Bay Area.” The platform provides a number of different information verification services,
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The Public Debt Management Office (PDMO) within Thailand’s Ministry of Finance has announced it plans to sell 200 million baht ($6.42 million) in savings bonds using a blockchain-based e-wallet. In a statement released on its website Tuesday, the ministry said the bonds carry an extremely low face value of 1 baht
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ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial Times on June 15. Competition is stiffByteDance is likely to compete with a few other Asian
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[sociallocker id="55298"] A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts.İşbank, the first Turkish bank to join R3’s Corda platform earlier this year, now became the first bank in Turkey
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[sociallocker id="55298"] Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets.The development suggests that Japan will uphold its current definition of cryptocurrency as
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[sociallocker id="55298"] Finance Minister Taro Aso suggested he was unwilling to push for lowering the tax rate on cryptocurrencies in Japan to a flat 20% because it’s difficult for many households to invest in digital assets.Aso was responding to a question from Japan Restoration Association member Shun Otokita at a
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Decentralized Finance, or DeFi, has been making strides in providing tools for users to take control of their own money and truly be their own bank. However, the assets that power this revolution exist primarily on blockchains, and historically these networks don’t easily communicate with each other. This creates real
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On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN)
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Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds from the elite Silicon Valley-based Venture Capital firm Andreessen Horowitz.2020 has been a difficult year for the crypto DeFi sector — it’s been going through the
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The Central Bank of Russia’s (CBR) first deputy governor has said that blockchain technology is not the "universal solution," many promised it would be five years ago.In an interview with Euromoney on April 2, Olga Skorobogatova took a deep dive into the bank’s initiatives, sandboxes, and experiences with blockchain
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