StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal January 24, 2019

The Singapore unit of London-headquartered multinational banking and financial services firm Standard Chartered has completed its first blockchain-powered trade finance deal. The news was reported by Singapore’s English-language financial daily The Business Times on Jan. 24. The bank reported that the blockchain solution — developed by blockchain startup Distributed Ledger Technologies — had enabled an […]

Report: Blockchain Deployment Could Add $3 Trillion in International Trade by 2030 November 28, 2018

The World Trade Organization (WTO) released a report on blockchain technology’s effect on international trade today, Nov. 27. Per the study, blockchain’s economic value-add on a global scale could reach almost $3 trillion by 2030. “Blockchain and International Trade: Opportunities, Challenges, and Implications for International Trade Cooperation” analyzes blockchain applications and challenges that must be […]

Crypto Markets See Little Movement, Bitcoin Continues to Trade Just Below $6,500 October 21, 2018

Saturday, Oct. 20: Crypto markets are seeing little momentum, with virtually all of the major cryptocurrencies seeing slight growth and losses between a 1-2 percent range, as Coin360 data shows. Market visualization by Coin360 Tether (USDT) has mostly settled back in to its characteristic trading pattern. Having briefly lost its U.S. dollar peg last week, […]

Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade August 3, 2018

Japan may not be quite the cryptocurrency powerhouse that the world thinks it is. A deep dive by CoinDesk has found methodological flaws in widely-cited bitcoin exchange data that appear to overstate the importance of the Japanese yen as a trading pair. Our analysis of trading data collected from July 26-30 suggests that the U.S. […]

Indians Use Creative Means to Trade Bitcoin Amid RBI Ban August 3, 2018

Regulation Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank. The Reserve Bank of India has banned financial institutions from providing services to companies dealing in cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Money Finds a […]

BINEX.TRADE Unveils Alpha Launch: A New Era for Crypto Trading July 19, 2018

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‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations July 19, 2018

A Singapore-based e-government service provider – notably owned by a government body and a port operator – has launched a blockchain platform focused on cross-border trade between ASEAN nations and China. Singapore-based CrimsonLogic, an e-government solutions provider with a presence in over 20 countries, announced [PDF] details of its ‘inclusive and extensible blockchain service’ that […]

Government-Backed Blockchain Trade Platform Launches in Singapore July 19, 2018

CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a major port operator, has announced the launch of a blockchain platform focused on cross-border trade. The firm’s fully-owned subsidiary GeTS launched the service on Wednesday, according to a press release. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network that […]

Is India About To Reverse Its Crypto Trade Ban? July 18, 2018

On July 20, the Supreme Court of India will hold a hearing regarding the state of cryptocurrencies in the country. It is a decisive date for the local crypto industry that has been significantly suppressed in the past month by the Reserve Bank of India’s (RBI) ban on all banks’ dealings with crypto-related businesses. The […]

Hong Kong Monetary Authority to Launch Multi-Bank Blockchain Trade Finance Platform July 17, 2018

Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT […]