IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks

The technology is aimed at tracing commodity flows in near real-time and cut paperwork.Jan 16, 2021 at 6:28 p.m. UTCRussian Metals Firm Norilsk Nickel Backs IBM’s Responsible Sourcing Blockchain PactNorilsk Nickel, a Russia-based metals company, has announced it backs IBM’s Responsible Sourcing Blockchain Network (RSBN) which supports responsible sourcing and production in mining.Russian nickel and…

JPMorgan says bitcoin remains overbought.Spot ETFs witnessed a significant outflow in the past week.Bitcoin profit-taking could continue into the halving event, the bank said.Cryptocurrency markets suffered a sharp correction in the past week with the price of bitcoin (BTC) falling by over 15% before rebounding after the Federal Open Market Committee (FOMC) meeting on Wednesday.

CBDC stands for “central bank digital currency,” a new type of currency that governments around the world are experimenting with. What sets a CBDC apart from established currencies is that proponents hope it can use new payment technology, typically a blockchain, to potentially increase payment efficiency and lower costs.This new type of currency is still…

WATCHING YOU: Ukraine's financial regulator requires crypto service providers to monitor transactions above $1,200 and report suspicious activities. (Ukrainian banknote image: Shutterstock.)Ukraine’s revenue agency has published guidance for taxpayers to report their cryptocurrency holdings. According to the new document, first reported by Russian-language crypto news outlet Forklog, taxpayers should report digital assets as intangible property, similar…

Markets Daily Crypto RoundupWith crypto markets taking a breather after bitcoin led the markets with a strong rally and a look at what NOT to do with NFTs, CoinDesk’s Markets Daily is back with the latest news roundup.Listen on:

As with any fresh new opportunity, there is a lot of news and activity from self-professed experts and media, as well as the players themselves. This week we find broad overviews and explainers from CoinDesk and Binance, balanced with descriptions of individual tokenization projects in Colombia and Spain and an opinion piece about why Asia…

Nov 10, 2020 at 14:10 UTCUpdated Nov 10, 2020 at 14:22 UTCWhat exactly are bitcoin traders betting on? Hedge fund legend Stan Druckenmiller calls it a better gold bet than gold itself. (National Gallery of Art, modified by CoinDesk)First Mover: Bitcoin Needs No Vaccine as Druckenmiller Lays Down ‘Better Bet’Bitcoin was higher, though barely, appearing…

OPINION Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In February 2014, when growing interest in bitcoin spawned the first wave of “altcoins,”…

markets View Bitcoin has again bounced up from the 100-week moving average – a level which has acted as strong support in the previous two weeks and during the early stages of the previous bull market. The defense of the 100-week MA coupled with the oversold conditions on the daily chart suggests scope for a…