Finance – Page 127

Brazilian BTC Exchange Faces Numerous Lawsuits From Clients Unable to Access Funds

A bitcoin exchange in Brazil is being sued for retaining funds against request, citing ongoing attacks against the exchange since May as root of issue

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Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

The world’s 7th biggest bank, HSBC, uses tokenization tech in its account receivable infrastructure for corporate clients in India

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UK Financial Watchdog Blacklists Clones of Two Major Financial Firms

The British financial regulator, Financial Conduct Authority, has blacklisted two clones of financial firms, including one posing as Goldman Sachs

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CME’s Bitcoin Futures Hit New Records

CME's Bitcoin Futures Open Interest and Daily Volumes See Significant Growth Ever since the Chicago Board Options Exchange (Cboe) announced it was ending its bitcoin futures products back in March, the Chicago Mercantile Exchange (CME Group) has seen a huge influx of bitcoin derivatives volumes. During the second week of May, CME’s bitcoin futures touched a milestone when it surpassed 33,000 contracts ($1.3 billion notional value) […]

The post CME’s Bitcoin Futures Hit New Records appeared first on Bitcoin News.

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VP of Largest Brazilian Bank: Local Banks to Soon Introduce Unique Blockchain Platform

The vice president of the largest Brazilian bank revealed that local banks are preparing to introduce a unique blockchain platform on June 12

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Visa Launches Global Cross-Border Network Based on Certain Aspects of Blockchain

Global payment giant Visa has launched a network for cross-border payments that is partially based on blockchain technology

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Russia May Build Offshore Destination for Cryptocurrencies, Exchanges and Forex

Russia may build a large financial center on the island of Bolshoy Ussuriysky

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Vast Majority of DApps for Finance Built on Ethereum Blockchain

Ethereum developers are dominating the finance DApp space according to a recent Binance study

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4 Reasons why Utility Settlement Coins are no Threat to Bitcoin

TheMerkle Fiat Money is Dying Banks have begun showing an increasing interest in alternative solutions for overseas transfers. A new trial by over a dozen banks will explore the concept of USCs, or utility settlement coins. While this sounds somewhat innovative, one has to wonder how things will play out exactly. So far, it seems unlikely this new method will create any competition for Bitcoin and other cryptocurrencies. Different From Current Systems? Although the banks partaking in this trial claim these utility settlement coins will bring positive attention to the financial sector, it remains to be seen if that is indeed the case. More specifically,

The post 4 Reasons why Utility Settlement Coins are no Threat to Bitcoin appeared first on The Merkle Hash.

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Russia’s Third Largest Food Retail Firm Uses Blockchain-Based Open Trade Finance Platform

Russia’s third-largest food retailer, Dixy, has implemented an Ethereum blockchain-enabled trade finance platform for factoring services

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