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Major Singapore Bank Completes First DLT Trade Financing Transaction

News 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 a blockchain and Internet of Things (IoT) platform developed by local trade financing firm iTrust Tr..

New Gov’t Initiative to Put South Korean Trade on Blockchain by 2021

News The South Korean government is planning to establish a digital trade foundation to reduce the costs of trade by using blockchain technology. Reduce trade costs by more than 90%On Oct. 14, South Korean Finance Minister Hong Nam-ki introduced the country’s Development Plan for Digital Trade. Un..

eToro, The Tie to Track Crypto Sentiment on Twitter for Investors

News The social trading and investing platform eToro has partnered with analytics and finance management startup The Tie to launch a sentiment-based analytical tool to track people’s perception of cryptocurrencies. eToro unveiled the new strategy, dubbed TheTIE-LongOnlyCopyPortfolio, in an officia..

CME: Despite Pullback in Bitcoin Prices, Investor Interest Is Strong

News The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019. CME Bitcoin futures are up 61% vs Q3 2018On Oct. 9, the CME Group took to Twitter to state that customer intere..

Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions

News Middle Eastern news daily Saudi Gazette reported on Oct. 14 that the DCCI, which acts as an international business hub in Dubai, has signed an MoU with Dubai government-owned bank, Emirates NBD. The bank, which is one of the largest banking groups in the Middle East in terms of assets, will ..

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

News The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platformOn Oct. 9, Xinhua news agency reported that CCB, one of the ..

VanEck: 4 Reasons Why Bitcoin Improves Investment Portfolio Upside

News Major United States investment management firm VanEck has listed four reasons why Bitcoin (BTC) improves an investment portfolio upside. On Oct. 8, VanEck released research titled “The Investment Case for Bitcoin,” aiming to determine what role the cryptocurrency can play in an investment por..

Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

News Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives ..

Chinese Mining Giant Canaan to Go Public in US in November: Sources

News Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion sharesCanaan Creative, which reportedly filed a $200 million initial public offering (IPO) request wit..

Coinbase Pro Releases iOS Mobile App, Promising Usability and Mobility

News Major American cryptocurrency exchange Coinbase has launched a mobile app for its professional trading platform Coinbase Pro. Coinbase introduced the app in an Oct. 10 announcement. It provides access to more than 50 trading pairs for users in over 100 countries, and generally duplicates the..

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