The International Monetary Fund (IMF) is still on the offensive when it comes to El Salvador’s use of bitcoin as a legal tender, estimating the cost of implementing the program at 1% of the country’s gross domestic product (GDP). And that’s not counting the cost...
Global FinTech firm Diamante Blockchain has raised more than $1.3 million through an ongoing Wefunder crowdfunding campaign and angel investments that the company plans to use for product development, hiring and scaling its operations around the world. “We aim to make our ecosystem really exciting...
ACH transactions get a lot of criticism for batching transactions into a few bundles a day, slowing down the time it takes for transactions to be settled, and making it more difficult to enable instant or near-instant payments. That’s one of the reasons real-time payments...
British investment bank HSBC and agrichemical company Syngenta have completed the transaction of a digital letter of credit using TradeLens’ blockchain-supported digital bill of lading. As TradeLens said in news release Thursday (Feb. 3), the entirely paperless transaction helped expedite trade documents from South Korea...
Food and Drug Administration (FDA) Deputy Commissioner for Food Policy and Response Frank Yiannas said the in-progress rule changes at the agency are likely to bring blockchain-based food tracking into existence, The Wall Street Journal (WSJ) reported Tuesday (Feb. 1). The FDA expects to complete...
In payments, in the war between cryptocurrencies and central bank digital currencies (CBDCs) that continues to take shape, it is the infrastructure — the rails, in other words — that may determine the future of digital currencies. Reports came this weekend, detailed by CNBC and...
The U.S. Securities and Exchange Commission has added the country’s 17th stock exchange, one that will contain blockchain technology. BOX Exchange (BSTX), a joint venture of BOX Digital Markets and tZERO Group will be called BSTX, the Boston-based company announced last week. “The SEC has...
El Salvador is still asking the International Monetary Fund (IMF) for a $1.3 billion loan, and the IMF is still asking El Salvador to drop bitcoin as legal tender. That’s one fairly obvious takeaway from the Tuesday (Jan. 25) statement the IMF released on its...
Blockdaemon, the blockchain infrastructure firm, said it had gotten a post-money valuation of $3.25 billion, a report says. This comes after it reported a $207 million Series C round led by Sapphire and Tiger Global. Blockdaemon’s services include support on the back end for several...
