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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


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


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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


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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


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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


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‘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


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


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


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