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DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda

DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda

Singapore’s biggest bank, DBS Bank joined R3-backed Contour Network known for digitalizing global trade processes. Previously known as Project Voltron, Contour is a blockchain-based trade finance platform, built over R3’s Corda blockchain and was founded by R3 and major global institutions, including HSBC, ING, Standard Chartered, Citi Ventures, BNP Paribas, and Bangkok Bank, Bain & Company, and CryptoBLK. DBS Bank became the first Singaporean bank to join the network.

Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation

Coinbit, the third-largest crypto exchange in South Korea, has found itself in trouble with the authorities for alleged arbitrage manipulation of the transaction volume.

FXCM Managing Director: Bitcoin or Forex? Customers Just Want to Trade What is Moving

FXCM Managing Director: Bitcoin or Forex? Customers Just Want to Trade What is Moving

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company's stated mission is to provide global traders with access to the world.

Deutsche Bank's Warning of a Possible Future Crisis Worse Than the Current Pandemic Could Mean the End of Bitcoin

Deutsche Bank's Warning of a Possible Future Crisis Worse Than the Current Pandemic Could Mean the End of Bitcoin

Deutsche Bank has warned that there is a high chance of a crisis far worse than the current coronavirus pandemic and could have a chance of taking out Bitcoin completely.

Bitcoin Will Likely Never Trade Below $20,000 Again, Says Economist

Bitcoin Will Likely Never Trade Below $20,000 Again, Says Economist

Bitcoin will likely never trade under 20K again as market corrections diminish sharply based on increased institutional adoption, according to lead economist Alex Kruger.

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services.

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China

Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.

"The Wars to Come," Blockchain - A Game Changer for Auditors

"The Wars to Come," Blockchain - A Game Changer for Auditors

Blockchain technology has the potential to upend Audit, Assurance and Control functions —Auditors need to stay attuned to emerging use cases. As Role and skillsets of Auditors will change as new Blockchain-based techniques and procedures emerge.

Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

Thailand’s Trade Policy Office to Trace Agricultural Products from Farm to Export Using Blockchain

Thailand’s Trade Policy and Strategy Office (TPSO) has revealed its intentions of using blockchain technology to trace agricultural products from farms to export as this will optimize buyers’ confidence.

Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform

Mitsubishi to Digitize Metal Resource Trade on Blockchain Platform

Mitsubishi Corporation has launched a blockchain platform to streamline and digitize metal trading via its metals and minerals subsidiary.

BNY Mellon Joins Marco Polo Trade Finance Consortium

BNY Mellon Joins Marco Polo Trade Finance Consortium

The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:”

Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

Trump Administration May Consider Placing China’s Ant Group on Trade Blacklist

The US State Department recently submitted a proposal to add Ant Group to a trade blacklist, inhibiting the fintech giant’s business operations within the US.

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