Central bank governor says trading Bitcoin is like trading stamps
Sveriges Riksbank Governor Stefan Ingves in comments at a Swedish banking conference gave some derogatory remarks about Bitcoin, he also likened trading the cryptocurrency to trading stamps. Bitcoin (BTC) has been criticized by the governor of Sweden’s central bank , the Sveriges Riksbank, as a far-fetched alternative to government-backed fiat currencies. “Private money always collapses […]
Ohio man pleads guilty to scamming investors of over $30M in a crypto scheme
According to the US Department of Justice, Michael Ackerman the individual behind a multi-million dollar cryptocurrency scam pleaded guilty to fraud this week and may face up to 20 years in jail if convicted. Following his guilty plea for scamming investors in a crypto scheme he orchestrated in 2017 , Ohio man Michael Ackerman could […]
Blockchain based platform aims to track shipping containers globally
The Global Shipping Business Network (GSBN) has launched a new blockchain-based platform which will digitize the shipping process and could track one-third of all shipping containers worldwide. The GSBN was established in October 2020 by eight worldwide national freight maritime cargo businesses with the goal of developing a blockchain platform that digitizes shipping procedures such as document issuance, clearance, and logistics data. Members of the Hong Kong-based nonprofit consortium GSBN are reported […]
Nasdaq for supply pricing feeds for DeFiChain tokenized stock trades
NASDAQ, along with Finnhub and Tiingo, will provide its price feeds to DeFiChain, an open-source decentralized financial infrastructure (DFI) platform based on the Bitcoin network. Despite the fact that tokenized equities have had a rocky few months from a legal standpoint, legacy financial institutions and proponents of decentralized finance (DeFi) have continued to sign new […]
Blockchain-based platform for fractional property ownership goes live in India
RealX, a blockchain-based platform, enables Indian investors to buy and sell “direct deeded co-ownership” in vacation homes and other vacation properties. Earlier this year, a fintech company located in Pune, India, established a blockchain-based registry system called RealX, which allows Indian people to purchase fractional ownership in properties. According to a story in The Economic […]