Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan

Turkish İşbank and German Commerzbank completed the first blockchain-based trade finance transaction between the two countries. 2361 Total views 43 Total shares A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts.İşbank, the first Turkish bank…

Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines.On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike McGlone has…

Startup accelerator Techstars has cancelled its year-old partnership with the firm owned by early Ethereum advisor Steven Nerayoff.Techstars ditches the joint acceleratorAccording to cryptocurrency news outlet The Block on Oct. 8, Nerayoff’s arrest on suspicion of extortion had forced Techstars to reconsider its association with Alchemist, a blockchain advisory startup.The two joined forces in July…

Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate trade with China and India amid international sanctions, according to a Reuters report. Russian oil companies have used crypto assets including Bitcoin (BTC) and Tether’s USDt (USDT) for international trade, Reuters reported on March 14, citing four sources with direct knowledge of the

The Dutch Ministry of Finance’s implementation of the European Union’s fifth anti-money laundering directive, or AMLD5, requires the country’s Central Bank to monitor its cryptocurrency industry.The cost of this supervision will be passed on to crypto-based businesses. A recent report suggests that these new compliance fees will be higher than those paid by traditional trust…

The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than 435 million users. Video streaming platform, Bilibili, could also be the next to join the project. Although the PBoC has not…

The government is hoping to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent. 371 Total views 34 Total shares Catalonian director-general of innovation Daniel Macro discussed some of the key efforts that the government has taken and worked on to make the region a…

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” said SpaceX's Tom Ochinero. 1306 Total views 11 Total shares Canada-based manufacturing and logistics firm Geometric Energy Corporation will be launching a Dogecoin-funded payload on one of SpaceX’s first rockets to the moon.In a Sunday announcement from…