Zimbabwe’s central bank to issue gold-backed digital currency: Report
The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
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Standard Chartered, Siemens Partner on Blockchain Pilot to ‘Fully Digitize’ Bank Guarantees
UK multinational banking and financial services company Standard Chartered (SC) disclosed it is working on a blockchain pilot for bank guarantees using R3 Corda blockchain technology in a press release Thursday, August 30.In partnership with Siemens’ financing arm Siemens Financial Services (SFS) and trade finance platform TradeIX, the pilot began operating in March and aims…

Deloitte to Assist Insurance-Focused Blockchain Consortium to Expand Into Canada
‘Big Four’ audit and consulting firm Deloitte will help The Institutes RiskBlock Alliance blockchain consortium expand into Canada, according to an announcement published September 25.RiskBlock Alliance is a U.S.-based consortium launched in 2017, which focuses on the application of blockchain technology in the insurance industry, with more than 30 participant organizations. The alliance is reportedly looking…

South Korean foreign ministry orders Do Kwon to return his passport
Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies. 294 Total views 19 Total shares South Korea's Ministry of Foreign Affairs on Wednesday issued an order for Terraform Labs CEO Do Kwon to surrender his passport. The fugitive co-founder must hand over his…

Switzerland: Crypto Bank Seba Partners With Mortgage Bank Hypothekarbank
Switzerland-based crypto bank Seba Crypto AG has signed an agreement with Swiss mortgage bank Hypothekarbank Lenzburg AG to use its core banking system, Finstar, Cointelegraph auf Deutsch reports on Jan. 31.The partnership will allow for the implementation of Seba’s decentralized software into Finstar, as well as allowing Seba to use Finstar’s conventional services. Additionally, Seba…

Major US trading platform Interactive Brokers to offer cryptocurrency trading
Interactive Brokers wants to offer as yet unnamed cryptocurrencies to its traders. 3924 Total views 9 Total shares United States foreign exchange company Interactive Brokers will offer direct cryptocurrency trading to clients within months, a report says.Speaking at the Piper Sandler Global Exchange & FinTech Conference on June 9, founder Thomas Peterffy revealed that the firm…

BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market
Bitcoin on-chain transaction data shows "uncertain" conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023. 392 Total views 3 Total shares Bitcoin (BTC) traders are displaying behavior similar to the 2022 bear market bottom as “uncertain” sentiment rules, new research argues.In one of its Quicktake

Meta seeks to use generative AI in its metaverse, job listing shows
Meta is offering a $347,000 yearly salary for an expert to drive its AI metaverse vision, while a regulator has banned Meta from using personal data from Brazilians to train its AI.

Bitcoin Lightning Network is growing, but 3 major challenges remain
The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels. The Lightning Network has gained traction since its launch in 2018, hitting a…