Business

Blockchain.com Working on a Loan Desk to Lend More Than $120 Million in November

  • The upcoming Loan Desk will allow the company to compete with BlockFi and Genesis Global Trading.
  • While Blockchain.com and BlockFi’s CEOs are not concerned with potential risks, other experts predict trouble.
People holding money on yellow background. Freepik

  • The upcoming Loan Desk will allow the company to compete with BlockFi and Genesis Global Trading.
  • While Blockchain.com and BlockFi’s CEOs are not concerned with potential risks, other experts predict trouble.
China’s President Xi Jinping, India Prime Minister Narendra Modi, South Africa’s President Cyril Ramaphosa, Brazil’s then President Michel Temer and President Vladimir Putin, during the BRICS Summit ‘family photo’ held in Johannesburg, South Africa, 26 July 2018. Mike Htuchings/Pool

BRICS Nations Could Use Cryptocurrency for New Payment System

  • The five member nations discussed the development of a new payment system for settlements, which could use cryptocurrencies.
  • The discussed digital currency will most likely be used to facilitate trade transactions.
Young boy drinking milk. Freepik

Nestle and Carrefour to Track Baby Milk With IBM’s Platform

  • In order to boost consumer confidence in their infant milk formula, the two companies will use IBM's Food Trust blockchain platform.
  • Customers can access a range of data on the product's origins and movement by scanning a QR code.
Justin Sun, founder of Tron. CoinDesk

Tron Founder Admits Investing in Poloniex

  • Despite previously refuting the rumors, Justin Sun has admitted to being part of the investment group which acquired Poloniex.
  • Sun said that the cryptocurrency exchange will operate independently from his firm, the Tron Foundation.

Core Scientific Announces New Premier Blockchain Hosting Center

  • 30MW of client blockchain servers have already been deployed to the new site.
  • With this investment in Core’s infrastructure, their customers will be fully able to use the maximum of their own servers.

Agricultural Tech Firm and Logistics Veteran Join Forces to Assure Food Security

  • Demand for transparent tracking and verification of sources of food is growing.
  • UPS and HerdX successfully tracked and verified a beef shipment from Kansas to Japan.

ECB Creates Innovation Hub to Focus on Fintech Research

  • The initial target of the new entity will be to understand exactly how technology is affecting central banks.
  • Benoit Coeure is one of the leading voices when it comes to concerns over the impact of technology on financial services as they stand.

Paxos’ New Fiat Gateway to be Used by Binance

  • The new product allows customers to easily swap between fiat currencies and stablecoins.
  • The company has also introduced its Stablecoin Swap service, which lets users swap between stablecoins.

HTC’s New Limited Edition Smartphone Supports Binance Chain

  • The Exodus 1 Binance Edition will integrate its native crypto wallet app with Binance DEX.
  • Soon to be made available on the HTC website, and priced at $599, the phone could be purchased through cryptocurrency.

Tassat Crypto Derivatives on the Horizon

  • The CFTC approved the transfer of an SEF registration from trueEX to Tassat, bringing the company closer to offering Bitcoin derivatives products.
  • Tassat reached an "agreement in principle" to acquire trueEX's SEF and Designated Contract Market registrations back in July.

Volvo Cars Joins the Responsible Sourcing Blockchain Network

  • Volvo will apply RSBN in their LG Chem supply chain from spring 2020.
  • As part of its pilot phase, the RSBN blockchain traced cobalt coming from the Democratic Republic of Congo, all the way to the United States.

Micree Zhan Vows to Return to Bitmain Through Legal Actions

  • Last week Jihan Wu, a Bitmain co-founder, informed all staffers that Zhan had been dismissed.
  • Micree Ketuan Zhan responded by saying he was removed without consent or prior knowledge, and that he will take legal action.

China, Hong Kong Partner on Mutual Blockchain Efforts

  • The new a trade finance platform should connect two already existing platforms and provide more convenience.
  • The recent Chinese endorsement of blockchain technology is already underway as regional government has gathered almost $6 billion.

Talos Enterprise Blockchain Appoints Minaz Sarangi as President

  • The company aims to offer solutions at every stage of blockchain development.
  • The company has already built a global network of partners, including the Enterprise Ethereum Alliance.