Singapore has moved a step closer to using blockchain technology in the financial markets. The country’s de-facto central bank and the Singapore Exchange Limited have completed trials on a blockchain solution for tokenized assets settlement.
The bank found several technological difficulties and risks of issuing CBDCs which can have a detrimental impact on the country’s financial system.
The central bank asks investors to carefully assess projects and their credibility which work under the banner of ‘blockchain innovation’.
Seagate Technologies has teamed up with IBM as it looks to put to an end hard drives counterfeiting vice. The two will leverage the power of blockchain technology to ensure computer hard drives are authentic at all times.
The exchange is charged for trading ERC20 tokens classified as securities, without registering with the SEC.
Airdrops have proved to be a popular way to boost the crypto adoption and trigger the crypto economy.
Bitstamp has moved to strengthen order-matching speed and throughput of its crypto trading platform. The cryptocurrency exchange has inked a strategic partnership with Cinnober as it looks to leverage the firm’s technology.
GoodDollar experiment to research how to reduce wealth inequality using blockchain
Furthermore, the regulator has proposed to put a cap of 4% of the total capital on crypto-related trading activities.
Japan Digital Design Co. makes progress in the Zaif cryptocurrency exchange hack which resulted in the loss of cryptocurrencies worth about $60 million