Technology News

China Central Bank to Set Industry Standards for Financial Sector, Including Blockchain

The People's Bank of China (PBoC) has a plan to set industry standards for fintech categories, including blockchain.

Binance Refutes Media Reports that Police Raided Its Shanghai Offices

Recent reports that Chinese officials have raided the offices of major crypto exchange Binance are quite bogus. 

China Sets Up National Standards Committee for Blockchain to Boost ‘High-Tech’ Innovation

The Standardization Administration of China (SAC) has formed a national standards committee for blockchain tech to drive "high-tech innovation."

Monetary Authority of Singapore Allows Crypto-Based Derivatives on Approved Exchanges

The Monetary Authority of Singapore (MAS), the country's de-facto central bank, may soon permit crypto-based derivatives to be exchanged on regulated platforms.

Royal Bank of Canada Is Not Planning to Launch Crypto Exchange

The Royal Bank of Canada (RBC) isn't presently intending to develop or launch a digital currency exchange. 

Nestle, Carrefour Aim to Use Blockchain to Track Baby Milk Products

Nothing is more essential to new parents than the safety of their newborn children, and food tycoons Nestle and Carrefour plan to utilize blockchain to help pacify that instinct. 

Ukrainian Railways Branch Caught Diverting Company Electricity to Mine Bitcoin

In the most recent occasion of state employees mining cryptocurrencies at work, a unit of Ukrainian Railways (Ukrzaliznytsia) has been caught using company electricity to mine bitcoin. 

Samsung SDS Adds Privacy-Enhancing Technology to Nexledger

Samsung SDS has added privacy-enhancing technology to its enterprise blockchain solution Nexledger.

Bitcoin Miner Manufacturer Canaan Intends to Raise $100 Million in US IPO

Canaan, the world's second-biggest bitcoin miner manufacturer, expects to raise around $100 million in its initial public offering (IPO) in the U.S.

Custody Bank Northern Trust Tests Trading of Fractionalized Bonds on Blockchain

Custody bank Northern Trust is trying the trading of fractionalized bonds on a blockchain. 

Crypto Exchange eToroX Launches Five More Native Stablecoins

eToroX, the crypto exchange of social investing platform eToro, has released five more local stablecoins. 

JPMorgan, MAS Develop Blockchain Prototype for Cross-Border Payments

The Monetary Authority of Singapore (MAS) and investment banking tycoon JPMorgan have created blockchain prototype for cross-border payments. 

US Homeland Security to Build Cross-Border Oil Tracking Platform

The U.S. Department of Homeland Security (DHS) is tapping Canadian enterprise blockchain company Mavennet to create a cross-border oil tracking platform. 

Canaan Creative Makes $13M in Net Profit for Q3 2019

Canaan Creative has generated 94 million yuan, or around $13 million, in net profit for the third quarter of 2019.

Chinese Central Bank Promotes the Use of Blockchain in Trade Finance

China's central bank is supporting the utilization of blockchain in trade finance, following the country's president called for the adoption of technology over various industries.