Australian State Government Invests in Crypto Startup to Promote Regional Tourism

  The state government of the Australian province of Queensland will issue a grant to a crypto startup as part of over $8.3 million of innovation funding, according to an official announcement published August 1. According to the government statement, the TravelbyBit digital currency payments platform for the travel and tourism industry is one...
Continue reading
  264 Hits
264 Hits

Catalonian Government to Develop Plan for Blockchain Technology Integration

  The Generalitat de Catalunya (Government of Catalonia) has revealed a plan for blockchain tech implementation in its public administrative activity, according to the official press release July 24. The Generalitat de Catalunya, an official governmental institution of the Spanish autonomous community of Catalonia, will promote blockchain tech...
Continue reading
  210 Hits
210 Hits

Chinese City of Nanjing Launches $1.5 Billion Fund for Local Blockchain Projects

Nanjing, the capital of China 's Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23. Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of en...
Continue reading
  204 Hits
204 Hits

Coinbase Now Has Its Own Political Action Committee

  San Francisco-based cryptocurrency exchange and wallet provider Coinbase has created its own political action committee (PAC), according to documents made public today, July 20. In the U.S. , PACs are organizations that pool campaign contributions from members with similar policy and political goals and subsequently donate them to political ...
Continue reading
  272 Hits
272 Hits

Coinbase Reportedly Secures $20 Billion Hedge Fund Through Its Prime Brokerage Services

  Major U.S . crypto wallet and exchange Coinbase has reportedly secured a $20 billion hedge fund for its custody service, Business Insider reports July 19. Coinbase launched "Coinbase Custody," its digital assets custodian solution for large institutional investors, on July 2. The new service is notably secured through an independent broker, ...
Continue reading
  264 Hits
264 Hits

Government-Backed Blockchain Trade Platform Launches in Singapore

CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a port operator giant, has announced the launch of a blockchain platform focused on cross-border trade. The company said in a statement that its fully-owned subsidiary GeTS revealed the service on Wednesday. Dubbed GeTS Open Trade Blockchain, the platform...
Continue reading
  217 Hits
217 Hits

US Ranks as ‘Most Favorable’ Country for ICOs in Recent Report

  The U.S., Switzerland, and Singapore were ranked as the top three "most favorable" countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14. Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the ...
Continue reading
  177 Hits
177 Hits

Top Swiss Stock Exchange Says It Is ‘Open’ to Offering Crypto Trading on Its Platform

  SIX Group, the parent company of Switzerland's principal stock exchange, has revealed that it is "open" to the possibility of offering cryptocurrency trading services on its digital trading platform. The platform, still in development, is set to launch by mid-2019, SIX Group's spokesman told the Swissinfo news outlet in an interview July 15....
Continue reading
  248 Hits
248 Hits

Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

  Riyadh Municipality, Saudi Arabia , has partnered with IBM to jointly develop a strategy to streamline government services and transactions on а blockchain, news outlet ITP.net reported July 11. The move was made in accordance with an authoritative decision of the Government of Saudi Arabia to work on improving the quality of municipal servi...
Continue reading
  248 Hits
248 Hits

Bahamas Central Bank to Launch Pilot Digital Currency

The Central Bank of the Bahamas is planning to introduce a government-backed pilot digital currency , Jamaica Observer reported June 22. Speaking at the Bahamas Blockchain and Cryptocurrency Conference earlier this week, Deputy Prime Minister and Minister of Finance of the Bahamas, K Peter Turnquest, made the announcement, saying that the developme...
Continue reading
  205 Hits
205 Hits

Governor of Connecticut Signs Blockchain Working Group Bill Into Law

  Connecticut governor Dannel Malloy signed SB 443 into law, which establishes a blockchain working group to study the technology, according to public documents June 6. The working group is also tasked with shaping a plan to "[foster] the expansion of the blockchain industry in the state." The bill accordingly passed both legislative houses la...
Continue reading
  452 Hits
452 Hits

Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

  The Bank of Thailand (BoT) is considering issuing its own cryptocurrency , the bank's governor revealed in a speech June 5. In his keynote on Thai economic development at Nomura Investment Forum Asia (NIFA) in Singapore, BoT governor Veerathai Santiprabhob spoke of a new project in which the central bank and other Thai banks join forces to d...
Continue reading
  314 Hits
314 Hits

Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer

  Leading US cryptocurrency trading platform Coinbase initiated the process to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC). According to an announcement published June 6, this is made possible by the acquisition of securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., ...
Continue reading
  247 Hits
247 Hits