Christine Lagarde, managing director and chairwoman of the International Monetary Fund (IMF), has encouraged the “exploration” of central bank digital currencies (CBDCs) in the light of decreasing demand for cash and rising preference for digital money. Reported in CoinDesk
Australia’s federal science agency and one of the biggest commercial banks in the country say they have completed a successful trial of a prototype blockchain app that aims to make money “smart.” Reported in CoinDesk.
Oil industry giants Shell and BP are among a group of firms planning to launch a blockchain platform to automate post-trade processes in the energy industry by the end of 2018. Reported in CoinDesk.
Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Reported in the Cointelegraph.
Blockchain is one of the most rapidly growing domains in the decentralized digital ecosystem. A closer analysis of the years 2016 to 2018 reveals that the cryptocurrency market has grown by over 80 percent in the last 2 years. With such substantial growth, it is quite predictable that the volume of the market, as well as the number of trades occurring daily, are also constantly increasing. So much so, that the volume of the cryptocurrency market increased to USD 269.45 billion in the year 2018, all the way from a meager start of 14.33 billion USD - a highly volatile market.
The CEO of Swiss startup SEBA Crypto AG said in an interview that five “large asset managers” from both Germany and abroad have shown interest in their cryptocurrency bank, Swiss financial media outlet Cash reports Nov. 12. Reported in the Cointelegraph.
Hong-Kong based bitcoin exchange, BTCC has made known through a press release, plans to shut down its mining pool business BTCC Pool Limited after four years of operation in Hong-Kong. Reported to CCN.
The use cases for distributed ledger technology are on the rise, as evidenced by IBM’s most recent patent application for open scientific research on the blockchain. Reported to CCN.
The emergence of globalization has forced nations worldwide to invest in adequate telecommunication mediums to offer individuals with effective communication channels. However, many parts of the world still remain inaccessible to good communication services. Additionally, in developing countries, these services are provided at higher rates making adoption a challenging task.
Singapore Exchange Limited (SGX), along with the Monetary Authority of Singapore (MAS), have successfully tested the use of blockchain technology for tokenized assets settlement, according to a SGX release issued Sunday, Nov. 11. Reported in the Cointelegraph.