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South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’

News Bitcoin (BTC) exchanges in South Africa will lose their banking support after a local bank confirmed it was closing their accounts. As local internet magazine My Broadband reported on Nov. 19, FirstRand Bank (FNB) — one of the largest financial institutions in South Africa — sent letters rega..

Canada’s Largest Bank Refutes Rumors About It Launching Crypto Exchange

News The Royal Bank of Canada (RBC) — the largest bank in Canada with $499 billion in assets under management — will not launch its own digital currency trading platform, contrary to previously published news. Last week, rumors that the RBC was exploring the possibility of launching its own crypto..

Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger

News German securities marketplace Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols. In a joint proof-of-concept (PoC) involving a number of banks, the participants exchanged money in the form of cash tokens against toke..

Spotlight on Bitcoin as HSBC Shuts Hong Kong Protest-Linked Account

News The need for censorship-resistant currencies like Bitcoin (BTC) has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors. As the Hong Kong Economic Journal reported on Nov. 18, the British multinational bank recently closed a corp..

Bitcoin’s ‘Demise’? Google, Bailed-Out Citi Unveil Checking Accounts

News Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.” In an interview with the Wall Street Journal last week, Google had revealed plans — devised under a project code-named Cache — to ..

Iran Central Bank Branch Set on Fire, Crypto Community Follows Events

News Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments. The official twitter profile of libertarian media company BeingLibertarian publis..

Samsung SDS to Use Zero-Knowledge Proofs on Business Blockchain

News Samsung SDS, the IT arm of tech giant Samsung, has integrated QEDIT’s zero-knowledge proof solution (ZKP) to its Nexledger blockchain. By applying ZKP, Samsung SDS intends to provide a higher level of privacy for users of its enterprise blockchain platform Nexledger, QEDIT said in a press rel..

HSBC, SGX and Temasek Explore Distributed Ledger Tech in Asian Bond Market

News Global banking giant HSBC will explore the use of blockchain for the issuance of fixed income securities in a joint trial with Singapore Exchange (SGX) and investment firm Temasek. Focused on the Asia bond markets, the trial intends to streamline the bond issuance process and reduce associat..

Crypto-Friendly Mobile Banking Firm Revolut to Attempt Raising $500M+

News British mobile banking firm Revolut is negotiating with investors to raise at least half a billion dollars next year, Reuters reports on Nov. 12. Since the end of 2017, Revolut’s app has allowed its users to complete transactions in cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and..

Study: Chinese Blockchain Spending to Exceed $2B by 2023

News China’s spending on blockchain technology will exceed $2 billion in 2023, official state-run publication Xinhua reported on Nov. 10. The report claims that blockchain development in China will see a compound annual growth rate of 65.7% from 2018 to 2023. China’s banking sector responsible for..

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