Bitcoin or bust: Companies add BTC to treasury for long-term potential

Hong Kong-based jewelry retailer Chow Tai Fook Jewellery Group will start to use a blockchain platform to track diamonds, the South China Morning Post reported September 12.Chow Tai Fook has reportedly put some of its diamonds on a blockchain platform developed by blockchain startup Everledger and secured by the IBM Blockchain Platform. This will reportedly…

The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider. While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins…

This week’s Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tether’s $1 billion budget for startups, Ripple Labs’ new custodian deal, and more.

Bank for International Settlements researchers admired DeFi’s “competitive financial engineering” and made some highly technical aspects of DeFi somewhat more accessible. 365 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe Bank for International Settlements looked under the hood of decentralized finance (DeFi) in a new working paper…

The association will champion the creation of a clear digital asset regulatory framework for Canada. 250 Total views 13 Total shares A group of financial technology firms has formed the Canadian Web3 Council, a non-profit trade association that will work with policymakers to advance Canada’s position at the forefront of the global digital economy. Bringing together…

In a survey of institutional investors by the Global Blockchain Business Council (GBBC), 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. Cointelegraph acquired a copy of the study on Jan. 22.In December and January the market research company PollRight interviewed 71 institutional investors, including private equity, hedge…

The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively. 175 Total views 18 Total shares Cryptocurrency exchange Zipmex has resumed withdrawals from its trade wallet after two days, but said transfers, deposits and trade will continue to…

El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin. 83 Total views 116 Total shares The central bank of El Salvador, Banco Central de Reserva (BCR), has published draft regulations on how banks should handle Bitcoin.Two documents were released for consultation on Aug. 17 instructing banks and…

Crypto wallet provider Blockchain.com is seeking to partner with an unnamed stablecoin project by the end of 2019, the firm’s CEO Peter Smith revealed in an interview with crypto news agency The Block Jan. 21.Blockchain.com, which reportedly provides 32 million wallets, with most of them active to date, is allegedly considering listing a stablecoin on…