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President Xi Urges Expedition of Blockchain Development in China
On Oct. 25, China’s President Xi Jinping said at the study session of the Politburo held on Thursday that the nation should accelerate the development of blockchain technology.
StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond
The UnionBank of the Philippines and Standard Chartered have created a proof of concept required in the issuance of a blockchain-powered retail bond.
UAE’s Ministry of Health and Prevention Instigates First-Ever Blockchain Network
The Ministry of Health and Prevention in the UAE has launched a blockchain-based system aiming to boost productivity among health practitioners by reducing time and costs.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
BIS Economist Proposes "Embedded Supervision" to Enhance Transparency of Tokenized Markets
Economist Raphael Auer of the Bank for International Settlements (BIS) has championed distributed ledger technology (DLT) as a way of supervising financial market risks.
Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed "Project Harbour" to explore the DLT management of the country’s bonds market.
Thai Government Announces Blockchain Technology Adoption in Finance Agencies to Enhance Work Efficiency
The Thai government has remained visible as one of the leading governments committed to adopting blockchain technology. Many innovations concerning blockchain use cases can be learned from the government.
Bank of Thailand Projected to Go Forward with Central Bank Digital Currency Prototype
The Bank of Thailand (BOT) announced its plans for a Central Bank Digital Currency (CBDC) prototype to be in effect by 2021. The BOT plans to begin the production of their prototype for a CBDC next month.
Kraken’s Ethereum 2.0 Staking Service Is a Success, With More Than 100,000 ETH Secured
US-based Kraken has been among the crypto exchanges that has welcomed Ethereum 2.0 staking with open arms.
BME Rolls Out Blockchain-Powered Collateral Pledge Certificates
BME, a Spain-based stock market operator, has established a service dubbed BE DLT-Preda that deploys blockchain technology in the digitization of collateral pledge certificates. This, therefore, eradicates the urge for physical documents.
Switzerland’s Sygnum Crypto Bank Launches Swiss Franc-Backed Stablecoin to Facilitate Trading of Financial Assets
Sygnum, a Swiss-based crypto bank, has launched a fiat-based stable coin, DCHF token, tied to the Swiss Franc, in an effort to increase transaction efficiency by enabling faster payment when trading financial assets.
Alibaba Sees Blockchain as the Icing on the Cake in the Film Industry
During the ongoing 28th Golden Rooster and Hundred Flowers Film Festival happening in Xiamen, China, Li Jie, senior vice president of Alibaba Pictures, noted that blockchain was crucial in propelling the growth of the Chinese film industry.
