Business

Harbor Unlocks Liquidity for $100 Million, Partnering with iCap Equity

Harbor Unlocks Liquidity for $100 Million, Partnering with iCap Equity

  • The new mechanism will make trading with these securities far easier for all 1,100 investors and and the 17 broker-dealers and placement agents.
  • When such securities are bought they require a one-year lockup per law and this partnership addresses just that.
Santander Digitalized a $20 Million Bond Trade on Ethereum

Santander Digitalized a $20 Million Bond Trade on Ethereum

  • Santander could not accomplish this task without the help of London-based company Nivaura.
  • Nivaura CEO is proud that they securely used relevant data to tokenize both the assets and cash to enable on-chain settlement.
Deutsche Bank Joins J.P. Morgan's Blockchain Network

Deutsche Bank Joins J.P. Morgan’s Blockchain Network

  • The Interbank Information Network is built on top of the Quorum network and will be using the JPM Coin.
  • Deutsche Bank hopes to reduce the cost of processing difficult payments and drive the company towards ubiquity.
ConsenSys Founder Joseph Lubin Joins the Governing Board of Hyperledger

ConsenSys Founder Joseph Lubin Joins the Governing Board of Hyperledger

  • Joseph Lubin, ConsenSys Founder and Ethereum Co-Founder, will also be joining the governing board of Hyperledger.
  • The company will also submit its Java-based Ethereum client, previously known as Pantheon, to the consortium as the project Hyperledger Besu.
Facebook's Libra Association Members Consider Backing Out

Facebook’s Libra Association Members Consider Backing Out

  • At least three companies, two of which founding members of Libra, were holding discussions on what their "right next steps" should be.
  • Two unnamed sources have stated that Facebook was becoming unhappy with the lack of support from the Libra Association members.
Google Cloud Has Partnered with Blockchain Platform Cypherium

Google Cloud Has Partnered with Blockchain Platform Cypherium

  • The new partnership will allow Google's Cloud customers to have access to Cypherium's blockchain platform.
  • The platform uses a hybrid design that features a joint Proof-of-Work (PoW) and HotStuff consensus mechanism, also adopted by Facebook's Libra.
Barclays May Have Cut Ties With Coinbase

Barclays May Have Cut Ties With Coinbase

  • This breakup may have been the reason Coinbase lost access to the U.K. Faster Payments Scheme (FPS).
  • Industry sources have said that the exchange found a replacement in ClearBank, which is expected to restore Coinbase's access to FPS by the end of this year's Q3.
Shinhan Bank Teams With GroundX for a Blockchain-Based Security System

Shinhan Bank Teams up with GroundX on a Blockchain-Based Security System

  • The bank signed a memorandum of understanding with blockchain developer Hexlant and financial technology startup GroundX.
  • GroundX will provide the underlying blockchain-based platform, while Hexlant is in charge of creating an infrastructure.
The Great wall of China

Chinese Token Offerings Raised a Massive $1.18 Billion in the First Half of 2019

  • When it comes to the number of token offerings USA is still the global leader.
  • While IEOs and STOs are rising in numbers, ICOs are dropping with the whopping 74%.
KPMG Partners with Microsoft, R3, Tomia on Blockchain Telecom Solution

KPMG Partners with Microsoft, R3, Tomia on Blockchain Telecom Solution

  • KPMG'S blockchain solution will try to reduce the number of disputes, costs, and time involved in telecom settlements through the use of smart contracts.
  • A study shows that the estimated cost of international mobile data roaming fees could reach $31billion in 2022.