Major Chinese Bank Updates Blockchain Platform After $50 B Transacted

One of China’s big four banks has released the second version of its blockchain trading platform following transactions exceeding $50 billion. The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain …

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Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo

Alfa-Bank and Novolipetsk Steel Company, in cooperation with Commerzbank and Vesuvius GmbH, launch a Russia-Germany payment pilot via R3’s Marco Polo Network. Alfa-Bank and Novolipetsk Steel Company (NLMK), in cooperation with Commerzbank and Vesuvius GmbH, are piloting Russia-Germany cross-border payments on R3’s Marco Polo network. Powered by R3’s Marco Polo Blockchain Global …

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Coinbase Gets E-Money License In Ireland, Expanding European Foothold

Cryptocurrency exchange Coinbase is expanding its European foothold with its newly received e-money license from the Central Bank of Ireland. Coinbase is expanding its European foothold with an e-money license from the Central Bank of Ireland. “One of just a few companies” On Oct. 11, Zeeshan Feroz, the CEO of the United …

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FATF AML Regulation: Can the Crypto Industry Adapt to the Travel Rule?

As the deadline for the so-called travel rule looms, crypto exchanges and issuers are responding to the pressure. Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new …

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Perth Mint, InfiGold Launch Gold-Backed Token on Public Blockchain

Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup that digitizes precious metals, have jointly launched a gold-backed digital token. Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token. The new ERC-20 …

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Top-20 Coins Experience Downward Trend, BTC Sticks Near $8,600

Crypto markets are mostly in the red, remaining relatively quiet with moderate losses throughout the top-20 coins. Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing …

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