Blockchain 

Commerzbank Makes Milestone Blockchain Trade With Logistics Provider

Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time. Same same but different As with an earlier transaction, the trade took place between German supplier, KSB, and Taiwanese mechanical engineering group, Voith. Another shipment of special hydraulic couplings was delivered using blockchain technology via the Marco Polo trade finance network. However, for the first time ever this transaction included the integration…

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Bitcoin 

Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool

Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500.  Market visualization. Source: Coin360 Trade war tensions relief lifts markets, sinks Bitcoin price  Data from Coin360 painted a gloomy picture for investors Wednesday, with BTC/USD trailing 7.2% daily losses. Bitcoin 7-day price chart. Source: Coin360 The latest in what has become a recognized pattern in recent months, Bitcoin reversed its previous successes from the weekend, when geopolitical uncertainty and fiat currency weakness in several jurisdictions pushed markets above $12,000.  In…

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Blockchain 

Power Ledger and KEPCO Complete Blockchain Energy Trade Trial in Japan

Australian energy technology company Power Ledger and Japanese Kansai Electric Power Co. (KEPCO) have completed a joint trial of a blockchain-based system for post-FIT (feed-in tariff) surplus power in Osaka. P2P transaction of surplus power In an announcement published on Aug. 12, Power Ledger revealed the test completion of a peer-to-peer system demonstrating benefits for post-FIT surplus power in the Japanese city of Osaka. The system purportedly enabled KEPCO to conduct a p2p transaction of surplus power autonomously and automatically, which included settlements with digital currency. Fumiaki Ishida, KEPCO representative…

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Blockchain 

New Zealand Bank ASB Invests in Local Blockchain Trade Platform

New Zealand’s Auckland Saving Bank (ASB) has invested in local blockchain startup TradeWindow. The funding, reported Aug. 13, should expedite the launch of the company’s Distributed Ledger Technology (DLT) trade platform. Applying blockchain to the global supply chain TradeWindow CEO, AJ Smith, believes that this link-up represents one of the first times a New Zealand bank has directly invested in a technology company. The company offers a host of solutions aimed at the global trade and supply chain industry. With 12,000 registered exporters in New Zealand alone, Smith says he…

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Bitcoin 

Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

Grayscale Investments, a digital assets investment firm that offers Bitcoin (BTC) trust shares, has published a case study on how BTC could be used as a hedge against financial instability. The firm used the case of trade tensions between the United States and China to make their point. Grayscale Investments linked to its study in an official blog post on Aug. 8. According to Grayscale’s analysis, they believe that BTC’s store of value potential, its spending characteristics and its potential for growth with new technology poise the original cryptocurrency as…

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Bitcoin 

Bitcoin Goes Beyond $10K, US Stock Markets Drop Amid Trade War Fears

Friday, Aug. 2 — Bitcoin (BTC) consolidated at around $10,500, while the top 20 coins by market cap are seeing mixed signals. 13 out of 20 top cryptos by market cap are seeing green at press time, with Texos (XTZ) recording the biggest gains in the list, up more than 6%, according to CoinMarketCap. On the other hand, Litecoin (LTC), the fourth biggest crypto, dropped the most, down more than 4% over the past 24 hours. Market visualization from Coin360 Following a recent bullish move, Bitcoin continued to fluctuate at…

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Blockchain 

Major Indian Trade Organization Speaks Out Against Proposed Crypto Ban

Nasscom, a major Indain trade organization, has said that it is against a blanket ban on cryptocurrencies, which was recently proposed by a governmental panel in the country According to a report by local financial periodical The Economic Times on July 30, Nasscom commented: “Nasscom believes that the recent proposal of the inter-ministerial committee of the government to ban all cryptocurrencies barring those that are backed by the government, is not the most constructive measure. […] Instead, the government should work towards developing a risk-based framework to regulate and monitor…

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Bitcoin 

Swiss Crypto Startup Makes ‘Highest’ Bitcoin Trade Ever at 4164m

Cryptocurrency services financial services provider Bitcoin Suisse claims to have conducted a Bitcoin (BTC) trade at the highest altitude ever in a promotional stunt that took place on July 13. A YouTube video proving this achievement was published on July 19. New Bitcoin “all-time high” trade According to the firm’s claims, the trade carried out by its staff took place on the summit of Breithorn mountain range in the Pennine Alps, located on the border between Switzerland and Italy. Furthermore, almost 70 people reportedly took part in this publicity stunt…

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Ethereum 

Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto

The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes. Paulo Skaf, the president of the FIESP, expressed concern over the recent tax reform proposal by Brazilian President Jair Bolsonaro, Cointelegraph Brazil reports on July 25. He reportedly warned that the new tax system could force citizens to use crypto such as Bitcoin (BTC) for tax evasion purposes. In a recent interview with local newspaper Folha de São Paulo, Skaf criticized…

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Ethereum 

U.S. Regulator Investigating BitMEX for Allowing Americans to Trade

United States regulator the Commodity Futures Trading Commission (CFTC) is reportedly investigating derivatives giant BitMEX. According to sources citing people familiar with the matter speaking to Bloomberg, the CFTC suspects that BitMEX, which is registered in the Seychelles, allowed U.S. residents to use its platform to trade. Under current law, the U.S. is one of the countries excluded from using BitMEX and similar crypto-based financial services, but users may have sought to circumvent the geoblock using services such as VPNs. The investigation, details of which have not yet been confirmed…

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