Bakkt CEO: Crypto Trading Platform Won’t Support Margin Trading

Two weeks after the Intercontinental Exchange (ICE) introduced Bakkt, a new digital assets platform, the latter’s CEO has set out to explain what the service will offer consumers. Bakkt chief executive Kelly Loeffler outlined the fundamentals for a platform to trade, store or spend cryptocurrencies in a post published on August 20. The platform is currently working with […]

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US Border Officials to Test Blockchain for Certificate Tracking

U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products […]

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Playboy Files Fraud Lawsuit Against Blockchain Startup

Adult entertainment publisher Playboy is suing a Canadian blockchain startup for fraud and breaching a contract the two companies signed earlier this year. According to a lawsuit filed in early August with the Los Angeles Superior Court, Playboy and Global Blockchain Technologies (GBT) signed a memorandum of understanding in March stating that GBT would help Playboy […]

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First Crypto Firm IPO on London Stock Exchange Raises $32.5 Million

A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE).  U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial […]

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Germany’s No.2 Stock Exchange Is Developing an ICO Platform

Germany’s second-largest stock exchange is developing an ICO platform, it announced on Thursday. Boerse Stuttgart expects to roll out the platform as part of  larger “end-to-end infrastructure” for “digital assets” it is currently developing, and says the ICO platform will allow token issuers to conduct token sales with “standardized and transparent processes.” It will also […]

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Gallup Poll: 75% of US Investors Think Bitcoin Is ‘Very Risky’

Three-quarters of U.S. investors with more than $10,000 in stocks, bonds and mutual funds think bitcoin is a “very risky” investment, a new survey revealed Monday. A poll conducted by Gallup and Wells Fargo asked U.S.-based investors about their views on bitcoin, finding that just 2 percent currently own any and more than 70 percent “have […]

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Singapore Airlines’ Blockchain-Based Loyalty Program Takes Off

Singapore Airlines has officially launched its blockchain-based loyalty program for frequent customers. KrisPay, a digital wallet developed in partnership with KPMG and Microsoft, allows Singapore Airlines customers to turn travel miles into units of payment, which can be used with partner merchants in Singapore. Most notably, however, the newly dubbed KrisFlyer program utilizes a blockchain […]

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The EU’s Biggest ETF Firm Expands Into Crypto Products

Europe’s largest trader of exchange-traded funds (ETFs) is now entering the crypto world. Amsterdam-based speed trader Flow Traders NV co-CEO Dennis Dijkstra told Bloomberg Thursday that his firm was expanding its trading products to exchange-traded notes (ETNs) based on bitcoin and ether. XBT Provider, a Stockholm-based firm that offers ETFs based on bitcoin and ether, […]

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EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

An EU banking regulator has published a new report exploring the benefits and risks associated with the use of distributed ledger technology (DLT) in finance. In a report published on Tuesday that discusses the rising trend of financial technology, the European Banking Authority (EBA) highlighted two banking-related use cases of blockchain: cross-border trade finance and […]

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Crypto Valley Declares Blockchain Voting Trial a ‘Success’

Zug, a city in Switzerland known as the “Crypto Valley,” has successfully completed its first test of a local blockchain-based voting system. As CoinDesk reported on June 11, the Swiss city launched an e-voting pilot platform built on blockchain technology as part of the city’s efforts to embrace the technology. The voting process took place […]

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