Thursday, November 21, 2019
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Ripple CEO: 50% XRP Transaction Boost Due to MoneyGram and Other Remittances

Do virtual currencies really threaten existing digital payment systems and traditional financial institutions? Or can they co-exist and help to bolster both ecosystems?If you are familiar with the global crypto ecosystem, I am positive you must have heard of a rumor making rounds recently, suggesting that the recent spike in

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Major Singapore Bank Completes First DLT Trade Financing Transaction

A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction.The transaction was processed using blockchain and Internet of Things (IoT) platform developed by local trade financing firm iTrust Trading, Yahoo Singapore reports Oct. 17.By applying iTrust’s blockchain-based

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Mystery 94K BTC Transaction Becomes Richest Non-Exchange Address

The recipient wallet of the $1 billion Bitcoin (BTC) transaction on Sept. 6 is now presumed to be the first richest non-exchange address.The recipient wallet of the massive 94,504 Bitcoin ($1.031 billion) transaction is the top richest Bitcoin address that is not reportedly associated with any crypto-related company, according

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HSBC Is First Bank to Finance Transaction via Hyperledger on we.trade

Multinational banking giant HSBC has reportedly become the first bank to complete financing transaction on European blockchain trade platform we.trade.Since we.trade started the project back in 2017, HSBC recently financed a transaction on the platform within a second round of pilots that started in June 2019, economics magazine Global

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Crypto Transaction Tracking Service Whale Alert Announces Version 2

Whale Alert, a service dedicated to tracking major cryptocurrency transactions, has announced a second version of its platform in development.Updated tracking capabilitiesWhale Alert’s official Twitter account announced on Aug. 20 that the service is currently working on the second version of its platform, which includes additional services. The announcement

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15 Countries to Develop Crypto Transaction Tracking System: Report

About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies.The Financial Action Task Force (FATF) is planning to prepare detailed measures by 2020, according to a report by Tokyo-based newspaper Nikkei on Aug. 9.The new system

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Standard Chartered Makes Letter of Credit Transaction Using Blockchain

London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group.On-chain letter of creditStandard Chartered announced that it has successfully executed a pilot letter of credit (LC) transaction for PTT Group,

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