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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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What will payments over the internet look like in 2030?A revolution in finance and payments. That’s what crypto-based platforms like Bitcoin, decentralized finance and stablecoins are attempting to do. But just because traditional money is centralized around monolithic central banks doesn’t mean that it can’t have a revolution of its
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The unprecedented plunge of the shares of HSBC and Standard Chartered on the Hong Kong Stock Exchange has pushed the exchange to lead losses in the Asian region.Renowned international banks including the Hong Kong-based arms of HSBC Holding Plc (HKG: 0005), Standard Chartered Plc (HKG: 2888), and others have been
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Bitcoin (BTC) and cryptocurrencies will not get their big break thanks to the problems with the fiat economy, says veteran trader Peter Brandt.In a series of tweets on July 22, the popular commentator forecast that in future, the world will resort to so-called special drawing rights (SDRs) based on multiple
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Elon Musk, the CEO of Tesla and SpaceX, posted a sarcastic tweet about the meme cryptocurrency Dogecoin (DOGE). It is not the first time Musk has trolled the crypto and Bitcoin (BTC) communities with humorous remarks.He tweeted “it’s inevitable,” with an image showing the “dogecoin standard” dwarfing the global financial
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In general Cryptocurrency exchanges are vulnerable to security attacks, since they are dealing with decentralized virtual currencies. Unlike the general fiat currencies, the method of payment and transactions are completely different from the traditional financial system. Cryptocurrency exchanges often rely on a centralized secured wallet storage, or an offline hardware
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Standard Chartered says it's issued the first blockchain-based international letter of credit (LC) transaction using China's national currency, the yuan. The London-based bank said earlier this week that the transaction, for a deal between Australian mining giant Rio Tinto and Chinese steelmaker Baosteel, was carried out over the blockchain trade
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Cleveland Browns defensive end Myles Garrett’s indefinite suspension is over. Despite brutally attacking Pittsburgh Steelers quarterback Mason Rudolph during a game last year, Garrett has been reinstated. The NFL’s handling of this situation exposes an ugly double standard. As news spread that Cleveland Browns defensive end Myles Garrett had been cleared to return
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Jack Dorsey, the founder and CEO of Twitter and payments operator Squre, has revealed that Twitter is funding a dedicated team to develop a decentralized standard for social media.In a series of tweets on Dec. 11, Dorsey set forth a number of challenges social media networks face in their
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International banking group Standard Chartered has become the latest member of a blockchain standard-building organization, the Ethereum Enterprise Alliance (EEA).In a press release issued on Nov. 6, Standard Chartered said the move would allow it to expand its client offerings across its 60 international markets.Standard Chartered is latest EEA
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