The central banks of Australia, Singapore, Malaysia and South Africa announces a joint CBDC pilot
The combined endeavor will develop shared DLT platforms that will allow institutions to settle cross-border transactions using digital currency issued by central banks (CBDCs). Australia’s, Singapore’s, Malaysia’s, and South Africa’s central banks have announced a cooperative endeavor to test international settlements using digital currencies issued by central banks (CBDCs). Project Dunbar will test shared systems […]
Chinese regulators holds meeting to promote blockchain in the securities industry
As part of China’s 14th five-year plan, officials gathered in Beijing to discuss ways to advance blockchain technology development. In Beijing, regulators from China , including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC), came together to explore how blockchain technology can be used in the securities business and how […]
Microsoft wins US blockchain-related patent for ‘ledger-independent token service’
In order to allow developers to write code for managing tokens in a manner that is not dependent on a blockchain, Microsoft has created a new device. Microsoft , the American technology behemoth, has been awarded a patent for blockchain-related techniques for implementing a cross-chain token management system. The patent was granted to Microsoft’s subsidiary […]
Survey shows 81% of finance execs believe blockchain has gone mainstream
Despite the fact that the finance providing industry is enthusiastic about blockchain and cryptocurrency, respondents identified cybersecurity as the most significant barrier to widespread implementation. According to global finance executives polled by Big Four auditing company Deloitte, blockchain , the underlying technology of cryptocurrencies like Bitcoin (BTC), has already attained public adoption. According to Deloitte’s […]
United Wholesale Mortgage to accept crypto payments this year
During a conference call to discuss the company’s second-quarter performance, United Wholesale Mortgage CEO Mat Ishbia stated that the company intends to accept cryptocurrency payments this year. In a move that will begin this year, United Whole sale Mortgage (UWM), the second largest mortgage lender in the United States, plans to accept cryptocurrency payments, starting […]