Blockchain 

SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year

SBI Securities’ trading revenue surged 19.2% in 2019, largely due to the inclusion of the company’s crypto investment wing, which turned a $7.1 million loss into a $30 million profit over the year. Japanese financial services giant SBI Holdings released its new financial report on Oct. 30. The report analyzed results for the six-month period ended Sept. 30, 2019 and witnessed major growth of SBI’s crypto-heavy venture capital arm in 2019 amid a general decline in SBI’s revenue. SBI VC Trade profits grow over $30 million over a year According…

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Blockchain 

Major Latin American Development Bank Pilots Blockchain for Land Registry

The Inter-American Development Bank (IADB) is implementing three different blockchain pilot projects to test if blockchain technology is able to solve some of the problems of land titling and registries. On Oct. 28, blockchain startup ChromaWay reported that it is collaborating with IADB on a two-year project in Bolivia, Peru and Paraguay on an initiative called “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry.” Chromaway, which has experience in tracking land titles in countries such as Sweden, Canada, India, and Australia, will run the pilots together with…

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Bitcoin 

Opera Becomes First Major Browser to Enable Direct Bitcoin Payments

Web browser Opera now allows making payments with Bitcoin (BTC) directly inside the browser. The company announced the news in a press release shared with Cointelegraph on Oct. 21, detailing that Opera’s 350 million users can now send and receive BTC directly from the browser, as well as use the cryptocurrency for purchasing goods and services on e-commerce websites.  Additionally, the browser now enables adding a Bitcoin and TRON (TRX) card into the built-in Crypto Wallet to keep track of the cryptocurrency owned. Charles Hamel, head of crypto at Opera,…

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Cryptocurrency 

Libra Gets First Major Political Backer in US Congress

Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a rare show of political support for Libra, Republican Senator for South Dakota Mike Rounds has written to Anchorage to endorse the project. Anchorage, a South Dakota-based trust fund, is one of the 21 founding chartered…

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Blockchain 

Major Singapore Bank Completes First DLT Trade Financing Transaction

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 blockchain and Internet of Things (IoT) platform developed by local trade financing firm iTrust Trading, Yahoo Singapore reports Oct. 17. By applying iTrust’s blockchain-based IoT, CIMB intends to minimize the risks associated with commodity trade financing and facilitate credit extension for its customers by gaining access to real-time monitoring of the cargo data in transit and in the warehouse.  The technology reportedly provides…

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Blockchain 

Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

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 platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s Republic of China, announced the release of “BCTrade 2.0,” a blockchain trade finance platform that digitizes trade and financial services between a reported 54 domestic and overseas CCB branches and 40 external organizations, including a number of state-owned and foreign…

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Ethereum 

Major Coins See Mix of Red and Green as BTC Price Stays Above $8,000

Tuesday, Oct. 8 — The top-20 digital currencies are reporting a mix of green and red after a tide of green earlier in the day, with Bitcoin (BTC) trying to keep above $8,000, according to data from Coin360. Cryptocurrency market daily overview. Source: Coin360 Bitcoin has stayed above the $8,000 threshold during the day, during which its highest price point was $8,355 and the lowest was $8,157. At press time, the leading cryptocurrency is trading at around $8,205, having gained 0.58% on the day. Earlier today, Cointelegraph reported that Bitcoin…

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Blockchain 

Major South Korean Store Chain Supports Blockchain Payments App

Mobile payments app CHAI is launching mobile blockchain-based payments at 13,500 CU convenience stores in South Korea. According to an Oct. 7 press release shared with Cointelegraph by blockchain startup Terra, CHAI — which operates on the Terra blockchain — will now be accepted as a means of payment at the major convenience store chain. App support will be added at CU by the end of 2019 following a partnership between CHAI and convenience store operator BGF Retail, which owns the stores in question. Per the release, CHAI will also…

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Bitcoin 

25,000 Major Retail Stores to Accept Bitcoin in 2020

By early 2020, support for Bitcoin payments will be launched at over 25,000 sales points for 30 French retailers, including sportswear giant Decathlon and cosmetics store Sephora. French crypto news outlet Cryptoglobe reported the development, announced during Paris Retail Week, on Sept. 24. 25,000 retailers to enter Economy 3.0 via Bitcoin The new cryptocurrency payments system is launching via a partnership between point-of-sale technology provider Global POS, the EasyWallet application and payments platform Easy2Play. While payments will be made in Bitcoin (BTC), funds will be automatically converted into euros at the…

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Ethereum 

Top-20 Cryptos See Major Losses, but Bitcoin Is Up

Sunday, Sept. 22 — crypto markets are seeing a wave of red amid the approaching launch of Bakkt’s physically delivered Bitcoin (BTC) futures on Monday. Bitcoin is the only cryptocurrency out of the top 20 that is attempting to gain momentum today, while the rest are seeing major losses, with some dropping over 7% in the 24 hours prior to press time. Market visualization. Source: Coin360 Bitcoin has continued to hover around the $10,000 threshold throughout the day. At press time, Bitcoin is up around 0.6% and is trading at…

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