The Chief Scientist of Quebec Rémi Quirion says public concern that Bitcoin is being used for illicit activities like tax evasion and money laundering is largely overblown, Forbes reports April 18. The statement prepared by the l’Agence Science-Presse, which is a partner of Fonds de Recherche du Québec, said, “Bitcoin...
Swiss airport ground handling and cargo company Swissport is launching a blockchain pilot program for its cargo handling business, Air Cargo News reported May 29. The company is launching a pilot program in cooperation with Olam, a non-profit organization aiming to develop an open source platform for supply chain...
VPE WertpapierhandelsBank AG (VPE), a German securities trading bank, has partnered with Berlin-based technology company solarisBank to launch a cryptocurrency trading service for institutional investors, according to a VPE press release April 25. VPE is regulated by the Federal Financial Supervisory Authority (BaFin) and is purportedly the first bank in...
According to a survey carried out by South Korean central bank the Bank of Korea (BOK), young citizens in their 20s and 30s are not only familiar with cryptocurrencies, but are also willing to invest in them amidst the country’s digital currency frenzy, local news outlet Yonhap reported Tuesday,...
WeChat, a Chinese messaging, social media, and payment application developed by Tencent, has suspended a third-party blockchain application that initiates contract agreements by app users, local news outlet Caijing reported May 9. Xiao Xieyi, a mini-program launched on Wednesday, was promoted as a service to allow users on WeChat to...
Blockchain-based payments gateway Ripple announced a new partnership with payment service MoneyGram today, Jan. 11. In a blog post today, Ripple confirmed that MoneyGram would integrate Ripple’s XRP altcoin into its payment system. The integration, according to Ripple, “allows MoneyGram to solve the age-old liquidity issue most financial institutions face.” Ripple CEO Brad Garlinghouse commented in company’s...
Leading crypto industry figures weighed in on the major implications of cryptocurrencies for - and beyond - the global economy, at the Rise conference in Hong Kong Wednesday, July 11. The panel’s participants were the Ethereum Foundation’s co-founder Joseph Lubin, CEO of crypto merchant bank Galaxy Digital Mike Novgoratz, Crypto.com...
Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology, FT reports April 25. The Spanish multinational bank said it conducted the entire loan process, from the negotiation of terms to the signing, on a mutually distributed ledger that informed both the bank...
Square’s “Cash App” has been updated to allow for purchasing of up to $10,000 worth of bitcoin a week. Since making the announcement, Square has seen its stock has climb nearly 3 percent. Cash App is a peer-to-peer payment system from Square that allows people to pay each other directly and quickly. This...
The Federal Council of the Government of Switzerland has requested a report on the risks and opportunities of introducing its own state-backed digital currency, or so called “e-franc”, Reuters reported May 17. The Federal Council moved to investigate the subject at the prompt of Swiss lawmaker and vice-president of the...