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Chinese City Named as Digital Yuan Testbed Launches Blockchain ID
11.12.2019
As China gears up for a major blockchain drive, and the expected launch of its digital yuan next year, the city of Shenzhen and one of the country’s biggest banks – China Construction Bank (CCB) – appear to be playing vital roles.
Per news agency Xinhua and media outlet the Global Times, local...
80 Japanese Banks Eye JPMorgan’s Blockchain
10.12.2019
Source: JPMorgan, Instagram
More than 80 Japanese banks have declared interest in joining JPMorgan Chase’s blockchain-based payment information network, the Interbank Information Network (IIN), making the country’s banking sector possibly the largest national player in the system powered by Quorum...
Chinese Central Bank Issues USD 2.8m Worth of Blockchain Bonds
6.12.2019
Source: iStock/杨培培
The People’s Bank of China (PBoC) has issued some USD 2.8 billion worth of blockchain-issued financial bonds to small business loans in China.
Per reports from Xinhua and Naeil Shinmun, the central bank says that it used its “own independently developed blockchain bond issuance...
First Blockchain Free Trade Zone in China + More News
5.12.2019
White GuanYin statue in Hainan. Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
The Chinese island province of Hainan is set to create the nation’s first blockchain...
Hive Blockchain Lost 'Last Analyst'; Reports Record Income, Still Makes Loss
5.12.2019
The first publicly listed blockchain infrastructure company, Hive Blockchain Technologies Ltd., reportedly lost the last analyst covering it, and the price of its shares is far from the early days of it going public. Meanwhile, the company reported an income increase of c. 84% in Q3, compared...
Following Canaan, OneConnect Cuts its IPO Ambitions in Half
4.12.2019
OneConnect Financial Technology, a unit of China’s major insurer Ping An, aims to raise up to USD 504 million in an initial public offering (IPO), compared to USD 1 billion, reportedly considered in June this year.
The IPO was launched yesterday after the company reduced both its target offering...
Top 4 Major Challenges For DLT, According to 200 Businessmen
3.12.2019
Four most pressing challenges facing distributed ledger technology (DLT) industry today are identified in the November 2019 paper on blockchain in trade, titled: “A Reality Check.”
The paper was written by Deepesh Patel, Editorial Director at Trade Finance Global (TFG), a trade finance platform...
Crypto in Africa: Opportunities and Challenges, Explained
2.12.2019
The achievements, the opportunities, the challenges: When it comes to crypto and blockchain in Africa, there's lots to discuss #Sponsored
Bitso Says 5% of U.S.-Mexico Remittances Made in Crypto + More News
28.11.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
The CEO of Mexican cryptocurrency exchange Bitso claims that some 5% of remittances sent from the United States...
Financial Giant Fidelity Pilots Tokenized Employee Rewards Initiative
28.11.2019
Fidelity’s research and development division has completed a proof-of-concept process with security token expert Tokensoft, says the latter’s Head of Operations Lawson Baker in a recent blog post – creating a tokenized rewards system for Fidelity employees.
Fidelity is the fourth largest asset...
Kenya Finds a New Way to Use Blockchain, Launches 'Local Currencies'
27.11.2019
Blockchain-backed “local currencies” have been introduced to some of Kenya’s poor communities as a solution to the lack of hard cash. And, who knows, this may be an incentive for these people to eventually adopt real cryptocurrencies, such as Bitcoin (BTC).
Reuters has reported on this interesting...
This is How Progress in Crypto Looks Like, According to Buterin
27.11.2019
Looking into the crypto-related issues, Vitalik Buterin, co-founder of Ethereum, finds that a “significant progress” is seen in the last five years across the board, though some issues have been tackled with more success than the others.
Buterin took to his website to list sixteen main technical...
Forrester: Firms Want Blockchains with Multi-cloud Compatibility
26.11.2019
New research suggests that companies will not accept blockchain-as-a-service (BaaS) solutions that require them to use providers’ cloud servers exclusively – with firms instead looking to deploy on their cloud platforms of choice.
Per a report on Distributed Ledger Technology (DLT) from Forrester...
Gaming Might Spur Crypto Adoption, But People Need Fun Games First
26.11.2019
While gaming might become another great way to spur crypto adoption, people won’t play games just because they come with crypto, says an investor.
Arianna Simpson, the founder of an investment fund focused on cryptocurrencies and digital assets, Autonomous Partners, tweeted that games are much more...
Asian Tech Giants’ New Blockchain Drive Involves Traditional Finance
25.11.2019
Two of South Korea’s biggest internet tech companies are strengthening their ties with the traditional financial sector to prepare the ground for a fresh fintech, blockchain and token-powered business drive.
Per Fn News, search engine Naver and its Line chat app affiliate and rival chat app giant...
Grin’s Mimblewimble Privacy Model Under Threat After Alleged Break-In
23.11.2019
Despite Grin’s backers claiming that the newly discovered flaws were already well documented, the platform’s overall reputation seems to have taken a severe beating
South Korea to Make Government-led USD 383m Blockchain R&D Drive
22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.
Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...
Sacramento Kings CTO: Fans Quit Spending Bitcoin When the Price Hiked
21.11.2019
The Sacramento Kings’ chief technology officer said that fans stopped spending Bitcoin on team merchandise with the price sky-rocketed
China Has Registered 60% of the World’s Blockchain Patents - Report
21.11.2019
Chinese companies and government organizations registered a staggering 7,600 blockchain-related patent applications between 2009 and 2018, with e-commerce giant Alibaba alone registering 512 patents, according to Japanese researchers.
Nikkei reports that, per Japanese research company Astamuse...
Secrets They Missed at DevCon: What It’s Really Like in a Working DAO
19.11.2019
Four Lessons in de-leadership to build a successful DAO