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PYMNTS
OCTOBER 8, 2020
Ripple describes its business model as using “technology to deliver financial solutions vital for businesses that were once only offered by multinational banks — without the cost and overhead of legacy systems. Line of Credit is not available in some markets, according to the announcement.
PYMNTS
NOVEMBER 27, 2019
Beau wants to use distributed ledger technology (DLT), and France is considering a central bank digital currency (CBDC). He said that “disorderly approaches and heterogeneous adaptations” could happen if the bank didn’t take decisive action.
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PYMNTS
JULY 15, 2019
India is reportedly considering a ban on cryptocurrencies. According to Cointelegraph , an unverified document published by tech lawyer Varun Sethi has been making the rounds on social media, showcasing a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.”.
CB Insights
OCTOBER 29, 2020
But a growing number of companies want to employ distributed ledger technology (DLT) — which uses tech like blockchain to offer a simpler, streamlined way to verify transactions — to upend this status quo. Some popular cryptocurrency exchanges, including Bitfinex, have also begun to expand into the securities domain.
CB Insights
SEPTEMBER 7, 2021
For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. For example, US-based Digital Asset offers Daml — an application platform for organizations to build full-stack, distributed applications for distributed ledger technology (DLT), blockchain, or internal databases.
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CB Insights
NOVEMBER 5, 2020
Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees.
PYMNTS
DECEMBER 11, 2018
Cryptocurrency is an ideal payment method for ecommerce and precious metals where the risk of chargebacks, fraud and identity theft with traditional credit cards is high,” Sonny Singh, chief commercial officer at BitPay, said in a press release.
PYMNTS
JULY 6, 2020
Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K. has now been approved to operate its derivatives platform, CoinDesk reported.
PYMNTS
JANUARY 23, 2019
Demand remains an Achilles heel for all cryptocurrencies because most people have soured on this investment class, and have no interest in putting in new money. Strengthening our partnership, by signing this licensing agreement, marks a huge milestone [toward] empowering clients to transition to a distributed economy.
PYMNTS
DECEMBER 22, 2020
The digital currency in trial is supported by distributed ledger technology (DLT), and the two-part experiments also aim to examine the use cases of a DLT-enabled currency.
PYMNTS
NOVEMBER 2, 2020
Their research will begin with a proof-of-concept for a CBDC operated on distributed ledger technology (DLT) to test the proposed coins’ use cases in payment settlements, the release stated. RBA expects to finish the project at the end of this year.
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PYMNTS
NOVEMBER 25, 2020
To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets. In a paper that debuted Tuesday (Nov.
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PYMNTS
OCTOBER 11, 2018
In news that may be separated from the vagaries of cryptocurrency trading, Banco Santander said this week that it will use Ripple’s ledger, bringing payments across the bank’s OnePay FX platform. The blockchain had been designed on the distributed ledger technology (DLT) via R3 ’s Corda offering.
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PYMNTS
NOVEMBER 8, 2018
On another note, Seagate Technologies is teaming up with IBM for a blockchain project that seeks to address the counterfeiting of hard drives, Cryptovest reported. Bruce Anderson, an executive with IBM, was quoted in the report as saying, “Blockchain technology can be extremely effective in confirming provenance and authenticity of assets.
PYMNTS
OCTOBER 23, 2018
In a statement, Bank of Canada’s Senior Special Director of Financial Technology Scott Hendry said, “[Distributed ledger technology (DLT)] is a promising technology that has the potential to reduce costs for participants and open new opportunities.
PYMNTS
SEPTEMBER 12, 2018
The Alibaba /China presence in blockchain patents shows a further bifurcation in the country’s approach to digital efforts, such as cryptocurrencies and blockchain. The concept and execution of distributed ledger technologies (DLT) has been one that President Xi Jinping stated can be part of “reshaping the global economic structure.”.
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PYMNTS
MARCH 6, 2019
Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. However, with technology in place, Rodrigues explained, treasury can be transformed to become the “24/7 investment arm, to support financial and broader goals for global companies.”.
PYMNTS
NOVEMBER 7, 2018
In the meantime, cryptocurrency hackers attacked traffic analytics service StatCounter to steal bitcoin from users of online exchange desk Gate.io. The attack was discovered on Thursday (November 1) and the lockdown lasted for nearly four days.
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PYMNTS
JULY 29, 2020
Now, the use of distributed ledger technology (DLT) will help garner new blockchain advantages in direct peer-to-peer technology and more security through immutability. That way, even those operating in shorter-term positions will have access, the release reads. dollars, with privacy coins not allowed.
PYMNTS
JUNE 8, 2020
The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. Putnam, whose businesses — MMT Distributions and R&D Global — and associates — Angel A. The defendant in the case is Utah resident Daniel F.
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PYMNTS
FEBRUARY 20, 2019
Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. To that end, reports came this week that Germany has put a consultation and commentary period in place that will focus on blockchain, with a goal of having a strategy outlined by the summer, Reuters said.
PYMNTS
DECEMBER 17, 2019
With [distributed ledger technology] DLT, Accenture has been focused on financial services infrastructure, supply chain and digital identity — this hits the core of all three of those.” .
PYMNTS
NOVEMBER 7, 2019
has become the first music streaming platform with an integrated cryptocurrency to run on Hedera Hashgraph ‘s public distributed ledger technology (DLT). I see cryptocurrency and streaming paired together as the wave of the future,” said Mathew Knowles in a press release. He also is a Tune.fm
The Fintech Times
MAY 30, 2024
MiCA aims to establish a unified regulatory framework for cryptocurrencies and digital assets across the EU, enhancing legal clarity and consumer protection. The Maltese government has made significant investments in fintech and digital technology education and training in partnership with educational institutions.
PYMNTS
JULY 31, 2019
Some payments providers are also leveraging blockchain and distributed ledger technology (DLT) to meet these needs, expediting the cross-border payment process. This has a direct cost benefit as computing power is used only on the basis of need,” said Nilesh Pathak, chief technical officer at InstaReM.
PYMNTS
JUNE 20, 2019
Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. The cryptocurrency would have to meet stringent standards regarding protecting customers and also in terms of preventing money laundering.
PYMNTS
JUNE 13, 2018
While banks have been investigating and investing in distributed ledger technology (DLT) the team at Ripple does not believe that DLTs are likely to make an appearance any time soon when it comes to processing cross-border payments. Cryptocurrencies and blockchains fall under the larger category of DLTs.
PYMNTS
AUGUST 26, 2019
Institutions supervised by FINMA are only permitted to send cryptocurrencies or other tokens to external wallets belonging to their own customers whose identity has already been verified and are only allowed to receive cryptocurrencies or tokens from such customers,” the regulators wrote, according to CoinDesk.
The Fintech Times
JANUARY 24, 2024
As regulations evolve to meet this demand, firms like R3 , the distributed ledger technology (DLT) and services provider, are looking to make adoption as seamless as possible. Digital assets and digital currencies continue to grow in popularity and demand.
The Fintech Times
MAY 18, 2024
Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. It has now completed its first experiment using DLT, giving the monetary authority a glimpse into the potential merits of the tech.
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CB Insights
FEBRUARY 22, 2018
What is blockchain technology? We’ll provide the definitions and analogies you need to know for bitcoin, blockchain, cryptocurrencies, and more. GOLDMAN SACHS IS SETTING UP A CRYPTOCURRENCY TRADING DESK. Pemex made headlines as the first petroleum company to accept cryptocurrency as a form of payment.
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PYMNTS
MAY 3, 2020
According to Block.one, the first hash value of the original content will be stored on the distributed ledger technology (DLT). The way the system will work is by letting bidders use tokens, which will be distributed to the author of the post, the highest bidder and the admins of the platform in question.
PYMNTS
OCTOBER 1, 2018
Blockchain can track transactions of all sorts and create a connected record — and that blockchain is rapidly cleaving from the cryptocurrency clamor to which it was once inextricably linked. When it comes to supply chains, proponents say blockchain — specifically, distributed ledger technology (DLT) — holds promise.
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PYMNTS
AUGUST 23, 2018
Bloomberg reports that banks in Kenya are pursuing regulatory approval to use distributed ledger technologies (DLT) to help facilitate payments and create credit scoring models. There still is no move to recognize cryptocurrencies, where such offerings “are associated with anonymity and commonly used by criminals.”.
PYMNTS
SEPTEMBER 3, 2019
As blockchain continues to make inroads into supply chain tracking, various companies in the food and produce industry have been leveraging distributed ledger technology (DLT) to source and monitor “farm-to-table” activity. Shipment Tracking.
53 PYMNTS
MARCH 7, 2018
Separate analysis from CoinMarketCap released this week found continuing adoption of blockchain and cryptocurrency technologies has led to a $457 billion market cap for the world’s cryptocurrency players. To date, an estimated 130 deals have been inked in 2018, valuing about $400 million.
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PYMNTS
AUGUST 29, 2018
Blockchain technology is making ever-more inroads into various verticals to convey data and payments, according to a recent report from audit, assurance, consulting and tax services provider PwC, and appears to be moving away from cryptocurrencies in the process.
PYMNTS
DECEMBER 5, 2018
The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. But Faitaua said that has never owned any bitcoin, and any claims to the contrary are simply false.
PYMNTS
JULY 25, 2018
The move to bring blockchain beyond cryptocurrency confines — and toward more commercial use cases — continues, with far-flung projects making headlines. KT will use blockchain to come to bear on the energy market, this time in tandem with cryptocurrencies. In this case, cryptos will be used for tax returns and municipal payments.
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PYMNTS
NOVEMBER 3, 2020
In the latest show of support for distributed ledger technology, J.P. Morgan Chase said it has forged a new blockchain unit to focus on distributed ledger technology (DLT)-related project. Chase Creates New Blockchain Unit. and break its "monetary sovereignty.".
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PYMNTS
NOVEMBER 14, 2019
Securities and Exchange Commission (SEC) that its cryptocurrency is a security. Kevin Castel, ruled that Telegram should not distribute its tokens until the court makes its decision on the case. The potential of DLT is an evolving story, and its role in overcoming inefficiencies in the fixed income market is yet to be seen.
The Fintech Times
JUNE 6, 2024
This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). The platform now invites further international participation and private sector proposals for value-added solutions.
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The Fintech Times
JANUARY 25, 2024
More appointments R3, the enterprise distributed ledger technology (DLT) and services firm , launches new DLT product suite and appoints Kate Karimson as chief commercial officer. Karimson joins R3 following leadership roles at CME Group, BrokerTec and LedgerEdge. Unicoin Inc.,
PYMNTS
JANUARY 24, 2018
It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain?
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