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CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore Collaborates with iTrust for First-Ever Blockchain Trade Financing

CIMB Bank Singapore and iTrust have collaborated in the first-ever successful blockchain trade financing transaction.

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform

In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.

First-Ever Real Estate Blockchain Portal Set to Launch in the UK

First-Ever Real Estate Blockchain Portal Set to Launch in the UK

OpenBricks is eyeing to be the world's first blockchain-based portal as it won’t have any centralized authority, as well as many staff because it will thrive on agents’ own servers using a distributed ledger network.

Bitcoin's Largest Price Correction in History, Will BTC Price Continue to Fall?

Bitcoin's Largest Price Correction in History, Will BTC Price Continue to Fall?

Over the last 24 hours, the Bitcoin price suffered its largest single-day drop in its short history, falling from a high of $58,000 to a low of $48000. What's next for BTC?

World's Second Largest Bitcoin Mining Company Raises $90M in US IPO

World's Second Largest Bitcoin Mining Company Raises $90M in US IPO

The world’s second-largest bitcoin mining equipment producer, Canaan Inc. raised $90 million during its initial public offering (IPO).

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.

Cardano’s ADA Becomes Third Largest Cryptocurrency by Market Capitalization

Cardano’s ADA Becomes Third Largest Cryptocurrency by Market Capitalization

Cardano’s ADA has become the third largest crypto asset by market cap.

$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History

$1 Billion in Bitcoin Moved, Making It the Largest Dollar Value Crypto Transaction in History

On-chain crypto data analytics recently picked up a Bitcoin transaction worth more than $1 billion.

China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism

China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism

President Xi Jinping made the decision to stop the world’s largest-ever IPO after Ant Group’s Jack Ma spoke out against China's financial regulation and banking system.

Bitcoin Price as Likely as Gold to Rally Higher, Investors Await ECB Policy Meeting Outcome

Bitcoin Price as Likely as Gold to Rally Higher, Investors Await ECB Policy Meeting Outcome

Bitcoin is now more closely correlated to safe haven asset gold than ever, which enables the world’s largest cryptocurrency to be able to combat risk aversion.

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

Banking on Blockchain: ICBC Releases First-Ever White Paper on Blockchain for the Financial Sector

One of China's major banks, the Industrial and Commercial Bank of China (ICBC) has released its white paper on blockchain-based applications in the financial sector. The document is the first white paper related to blockchain technology in the financial industry. The paper also highlights the present challenges faced by the banking sector.

Malaysia’s Largest Bank Signs Blockchain Partnership for Remittance

Malaysia’s Largest Bank Signs Blockchain Partnership for Remittance

The largest bank in Malaysia Maybank partnered with the National Bank of Cambodia to sign MoU for cross-border remittance using NBC’s blockchain-based Bakong payment system.

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