Category: Finance

Colombian Stock Exchange to use blockchain for OTC derivatives trading

November 25, 2020

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The use of blockchain technology in Latin American stock markets is expanding. 5135 Total views 29 Total shares The Colombian Stock Exchange announced it is joining the Consorcio Colibrí, a private initiative that promotes the adoption of blockchain technology within the finance industry. As Cointelegraph Español reported on Nov. 18, Consorcio Colibrí was formed by […]

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Dress to impress: Crypto payments set for mainstream via compliance

November 19, 2020

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Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such companies to support cryptocurrencies.  This year, PayPal secured the first conditional cryptocurrency […]

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The DeFi market desperately needs to connect with real-world assets

November 14, 2020

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With over $13 billion in total value locked, decentralized finance has truly shaken the crypto world in the last year. It has provided a new way to profit from the crypto market. Meanwhile, DeFi right now is only a niche trend with a gigantic potential to start a revolution in the business loan market. In […]

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Deutsche Bank: Central bank digital currency will replace cash in long term

November 12, 2020

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Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies. 5202 Total views 81 Total shares Deutsche Bank, the largest banking institution in Germany, is confident that central bank digital currencies, or CBDCs, will replace cash in the future. The bank’s research arm, Deutsche Bank Research, published a new report […]

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Australian senator says blockchain can make financial compliance easier

November 4, 2020

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“The future is technology by blockchain,” says an Australian Liberal senator. 5810 Total views 41 Total shares Australian Liberal Senator Andrew Bragg thinks that blockchain technology can solve a number of major regulatory issues in his home country. According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory […]

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Russian Alfa-Bank joins HSBC-backed blockchain trade finance network

November 3, 2020

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A major global blockchain trade network welcomes one of Russia’s largest banks. 4255 Total views 29 Total shares Alfa-Bank, one of the largest private commercial banks in Russia, has joined a blockchain trade finance network backed by HSBC. According to an official announcement on Nov. 3, Alfa-Bank is the first Russian bank to become a […]

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Russia doesn’t need to be first with a digital currency, says state expert

October 23, 2020

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Russia is purportedly taking a fast-second strategy for the digital ruble. 4718 Total views 38 Total shares A Russian official argued that the country should have launched research on a central bank digital currency four years ago in order to claim leadership in the field. However, according to Dmitry Peskov, a special representative of the […]

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DLT security standards may turn legacy industries into blockchain innovators

October 22, 2020

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Tokenization has given rise to the “Internet of Value,” an era in which financial assets — or any assets with underlying value — can be easily transferred peer-to-peer over the internet. While revolutionary, tokenization has largely remained a concept embedded strictly within the cryptocurrency space. Yet as the need for digitized processes continues to impact […]

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