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Bank of China Rolls out Blockchain to Streamline Insurance Claims
In line with China’s recent formal endorsement of the technology, one of the largest state-owned financial institutions has just launched its own blockchain. The new Bank of China platform aims to increase transparency and efficiency across the nation’s insurance industry The insurance blockchain solution is the product of the bank’s insurance management IT department and […] The post Bank of China Rolls out Blockchain to Streamline Insurance Claims appeared first on BeInCrypto. дальше »
2019-11-7 22:15 | |
China: “Innovation in Blockchain Doesn’t Mean We Should Speculate in Virtual Currencies”
China’s state-owned media, People’s Daily endorsed the “orderly” blockchain innovation but at the same time cautioned to “keep it rational.” As per the translated version shared by Dovey Wan, the founding partner of Primitive Partners, the article starts with a bullish tone as it writes, “blockchain “the future is here.” JUST IN People’s Daily (CCP’s […] дальше »
2019-11-5 22:45 | |
China: Blockchain Is the Future But Keep it Rational — Avoid ‘Aircoins’
China’s official state-owned media is promoting “orderly blockchain innovation” but cautioning against speculative cryptocurrency hype
дальше »2019-11-5 10:25 | |
French Government-owned Bpifrance Joins Lightning Network Developer ACINQ’s $8 Million Investment Round
Veronique Jacq, managing director of the Digital Investment Unit at Bpifrance, says that the institution is “convinced that bitcoin is becoming more and more obvious.” Jacq, who heads the partially state-owned French investment bank, stated... дальше »
2019-10-9 11:29 | |
French Investment Bank Bpifrance Joins ACINQ Blockchain Startup’s $8 Million Investment Round
A few years ago, most of us would probably never have believed that traditional banks would be investing in the blockchain technology. This is, however, what seems to be happening right now. Bpifrance, an important state-owned French investment bank, has recently participated in the investment of ACINQ, a Bitcoin Lightning startup that raised $8 million […] дальше »
2019-10-9 00:58 | |
Venezuela Formally Confirms Sanction-Skirting Cryptocurrency Payment System
Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a part of their monetary reserves,Read MoreRead More. дальше »
2019-10-2 01:00 | |
Bitcoin is “Ultra-Hard Type of Money” That Will Be Worth $90k Next Year: Germany’s State-Owned Bank
Germany’s state-owned bank BayernLB has published a paper where it talks about Bitcoin and how it’s designed as an “ultra-hard type of money“. The bank opens with expectations for further extensive loosening measures and the USD 15 trillion bonds having a negative yield. дальше »
2019-10-1 21:48 | |
German State-Owned Bank Calls Bitcoin ‘Ultra Hard Type of Money’
Last month, German state-owned bank Bayerische Landesbank, also known as BayernLB, published a report that discusses Bitcoin’s stock-to-flow ratio. The authors concluded that Bitcoin is “designed as an ultra-hard type of money. дальше »
2019-10-1 20:30 | |
Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin
As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via theRead MoreRead More. дальше »
2019-9-27 15:00 | |
Venezuela may have Bitcoin and Ethereum, but it’s unsure how it can use them
The central bank of Venezuela is reportedly looking into whether it can store cryptocurrencies in its coffers, Bloomberg reports citing four anonymous individuals close to the matter. According to the report the bank‘s investigation follows a request by Petroleos de Venezuela SA (PSDV) – the country’s state-owned oil and natural gas company – which is apparently looking to send Bitcoin and Ethereum to the central bank. дальше »
2019-9-26 18:52 | |
‘Locked and Loaded’: Trump’s Latest Tweetstorm Rages Over Saudi Oil Attack
Oil prices have been soaring Monday after a drone attack at Saudi Aramco’s Khurais oil field in Buqyaq, Saudi Arabia, forced the Kingdom to shut down over half of its daily production capacity. Yemen's Houthi rebels claim attacks on 2 Saudi Aramco oil facilities, Saudi Arabia's state-owned oil giant, disrupting oil output and exports. дальше »
2019-9-17 16:00 | |
Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. дальше »
2019-9-15 00:12 | |
Singularity Studios Partners with PICC to Initiate AI and Blockchain Solutions
Enterprise software and application creator for the SingularityNET Platform, Singularity Studios has officially signed a partnership agreement with state-owned, People’s Insurance Company of China’s fintech branch reports Crypto Briefing. дальше »
2019-8-19 16:49 | |
Singularity Studio Signs Memorandum With People’s Insurance Company Of China’s Fintech Arm
Singularity Studio, the for-profit spinoff of the SingularityNET project, a decentralized AI services marketplace, has signed a “Strategic Cooperation Memorandum” with PICC Financial Services, a Fintech-focused subsidiary of the state-owned People’s Insurance Company of China. дальше »
2019-8-17 17:45 | |
‘Bullish For Bitcoin’: China Bank Bailouts Spark ‘Biggest Credit Bubble In History’
Bitcoin could possible gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble. ” China Bailouts: 3 Banks, $390 Billion Taking statistics from various sources, the Twitter cryptocurrency trader and commentator known as CryptoArbitrage noted that last week’s bailout of Heng Feng bank was the third involving assets over $200 billion. дальше »
2019-8-15 15:34 | |
Malaysian Electricity Authority Nab Illegal Bitcoin Miners
Tenaga Nasional Bhd (TNB), Malaysia’s state-owned electricity company has raided 33 buildings illegally using its energy for bitcoin mining operations that gulped RM3. 2 million (roughly $763k) worth of power whereas they only paid a bill of only RM219 ($52), according to a report by local news source, malaymail August 7, 2019. дальше »
2019-8-9 17:00 | |
Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. дальше »
2019-8-1 13:50 | |
Chinese Energy Provider ENN Sheds Light On VeChain Tech
One of China’s largest energy providers is using blockchain technology to trace the supply of natural gas. Serving an urban population of 94. 57 million in 187 Chinese cities, ENN Energy Holdings Limited is harnessing VeChainThor technology for “optimal quality control and supply-chain management. дальше »
2019-7-25 23:44 | |
Belarus Could Get a Nuclear-Powered Bitcoin Mining Center
Aleksandr Lukashenko, the president of Belarus, met with the country’s IT community to discuss the growth of its native tech industry, according to the state-owned national news agency, the Belarusian Telegraph Agency. дальше »
2019-4-19 16:59 | |
What Russia’s ‘Digital Iron Curtain’ Means for Bitcoin Users
The Russian Duma approved a bill that would enable the country to have a “Great Firewall” or “Iron Curtain” similar to what China has. The result of the law is that, whenever the government wants to, it can censor all incoming and outgoing traffic traveling through state-owned channels. дальше »
2019-4-13 00:58 | |
Only 9% of Russians actually know anything about Bitcoin
A recent survey conducted by the state-owned Russian public Opinion Research Center (VTsIOM) has found the country is well acquainted with the term Bitcoin, but lacks a detailed knowledge of cryptocurrency. дальше »
2019-4-10 15:10 | |
Saudi Arabia Won’t Bow to Trump’s ‘Crude’ Jabs Until After Aramco IPO
Donald Trump has been doing his best to wage war on the rising oil price, but the president is struggling with the fact that strong US growth is a natural boost to crude. However, there is another thorn in his side – Saudi Arabia-led OPEC, who have been keen to limit supply. дальше »
2019-4-9 17:45 | |
Blockchain Introduced as Solution for Gazprom’s Gas Supply Agreements in Russia
Blockchain has been implemented in many different capacities, especially in the supply chain industry. Now, after an initiative from the Russian prime minister has been approved, the technology will find its place in gas supplies agreements with Gaz-prom. дальше »
2019-4-4 21:58 | |
Russian Gas Company Gazprom To Put Contracts And Data On A Blockchain
Alexey Miller, head of Russia’s state-owned gas giant Gazprom, met with Russian prime minister Dmitry Medvedev to report the company's findings regarding the development of a prototype blockchain platform. дальше »
2019-4-10 19:48 | |
Venezuela: Maduro Administration Targets Bitcoin Remittance
The Venezuela government is reportedly making a move towards collecting fees on Bitcoin remittance payments in the country. This step comes as the cash-strapped Maduro administration continues to seek ways to finance itself in the wake of mounting economic restrictions. дальше »
2019-3-19 18:00 | |
New Partnership With Vostok And The National Center For Informatization (NCI) For Blockchain Development
The National Center for Informatization (NCI) is a subsidiary of a company called Rostec, which is state-owned in Russia and focuses on the advancement of technology. As such, it makes sense that they have chosen to collaborate with Vostok, a blockchain platform, in their newest endeavor. In a joint agreement, the two entities are aiming […] дальше »
2019-2-17 20:22 | |
Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?
Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. дальше »
2019-2-15 13:59 | |
Russian Tech Giant, Blockchain Platform Sign Agreement to Improve Operational Systems
Russian state-owned tech giant and blockchain company sign cooperation agreement to improve state operational systems
дальше »2019-2-15 12:36 | |
New Financial Channel Report Details Why 70% of South Korean Crypto Miners Shut Down Operations in 2018
A report released by CCTV—2, the Chinese owned Financial Channel television station indicates that the bear market may have had a significant toll on local miners than initially anticipated. The state-owned broadcaster has just released a report which seeks to document the effects of the 2018 bear market on the local crypto miners. The report […] дальше »
2019-1-4 20:20 | |
Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry
The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. дальше »
2018-12-30 02:57 | |
Brazilian National Social Development Bank to Trial an Ethereum-Based BNDES Stablecoin Token
Ethereum’s blockchain allows developers to create new tokens, decentralized applications, and more with smart contracts. Perhaps that is the reason that the state-owned Brazilian National Social Development Bank has chosen it to launch a new pilot for their BNDES token. дальше »
2018-12-17 20:52 | |
Swiss Post and Swisscom to Develop Hyperledger-based Blockchain Platform
According to a joint press release published by Swisscom and Swiss Post, on December 6, 2018, the two state-owned entities have come together to form a “simple, secure, and sustainable” platform for blockchain applications in Switzerland. дальше »
2018-12-10 18:00 | |
Abu Dhabi Oil Giant Joins IBM to Apply Blockchain for Value Chain Management
CoinSpeaker Abu Dhabi Oil Giant Joins IBM to Apply Blockchain for Value Chain Management IBM joins hands with a state-owned Abu Dhabi Oil Giant, ADNOC. They aspire to implement blockchain for value chain management to boost operational efficiency while cutting on costs. дальше »
2018-12-10 16:25 | |
Crypto Exchanges Can Be Banned By Chilean Banks, Court Order Says
Chile’s Supreme Court has recently ordered crypto exchange OrionX to close all of its active local bank accounts. This decision comes in wake of another order passed by Chile’s High Court that “guaranteed protection” to Orionx and forced local state-owned bank Banco del Estado to allow the firm to operate freely within the nation. “These […] дальше »
2018-12-10 03:16 | |
Russian Bank Sberbank Uses A Blockchain Smart Contract For A Three-Way OTC Repurchase Agreement
Blockchain technology has recently found a new use case in Russia, after being used to finish a repurchase agreement, which is also known as a repo. Sberbank, the state-owned Russian bank, announced this transaction on Thursday, involved the “world’s first” transaction of this kind includes three parties in an over-the-counter (OTC) agreement with a smart […] дальше »
2018-12-8 00:29 | |
Chilean Supreme Court Orders OrionX Exchange to Halt Ongoing Crypto Operations
Chilean Court Orders OrionX To Halt Ongoing Crypto Operations According to Chilean news outlet, Emol, the nation’s Supreme Court has ordered crypto exchange OrionX to close all of its active local bank accounts. дальше »
2018-12-6 20:05 | |