Oman Initiates First Blockchain Transaction on Trade Finance

Oman Oil and Orpic Group and HSBC Bank Oman SAOG have successfully initiated the first trade finance transaction on the blockchain in the country using R3’s Corda platform. According to the report from the Oman Observer stated that Oman Oil and Orpic Group and HSBC Bank executed the country’s first blockchain-based …

Philippines Partners with BCB Blockchain Firm

BCB Blockchain, Singapore-based blockchain company has signed a memorandum of agreement (MoA) with the Philippines Department of Science and Technology (DOST) to develop local smart cities. The firm announced in a press release that it has contributed $300,000 to support incubators and startup accelerators in the Philippines by signing an MoA …

LG to Merge Public and Private Blockchains

The partnership between LG’s IT affiliate LG CNS and the blockchain subsidiary of Kakao, Ground X, aims to merge public and corporate blockchains. The Korea Herald reported that both firms agreed to build mutually compatible infrastructure. Ha Tae-Seok, the head of LG CNS’ future strategic business division and Han Jae-Seon Ground X …

Binance Comes To India Through WazirX

Binance, one of the major crypto exchanges by trading volume, announced the acquisition with WazirX. However, the announcement did not provide any details of the deal. According to the report from the Economic Times estimated that the firm was bought out for $5 million–10 million. The entry of Binance into India seems surprising, while …

The Royal Bank of Canada (RBC) Is Not Launching Its Own Crypto Exchange

Ed Jones, spokesperson of The Royal Bank of Canada’s (RBC) RBC said that Canada’s largest bank was exploring the development of a crypto exchange. But, several recent patent applications filed by the bank do not plan to launch an exchange. The spokesperson said to Coindesk: “While RBC does not comment …

Lamborghini To Use Blockchain Technology

As per the announcement, Lamborghini has partnered with Salesforce to use an enterprise blockchain platform to track the authenticity of the cars sold on the secondary market. Salesforce announced through a press release: “When a Lamborghini is resold, the vehicle often goes through 800 to 1,000 certification checks that take …

Germany Based Airline Issues Tickets on Blockchain

Hahn Air, the German airline company has become the first airline company to issue tickets on a blockchain. The firm announced the initiative in a press release on Nov. 18. The collaboration between Hahn Air’s collaboration with a decentralized platform for the travel industry, Winding Tree, has made it possible to sell …

Bitcoin ATM Number Surpasses 6000 Around The Globe

More than 6,000 Bitcoin ATMs are installed around the world. According to the online resource CoinATMRadar, there are currently 6,004 machines installed worldwide, over 65% of which are in the United States.  However, 108 machines have been deployed this month and data also shows that the average daily number of Bitcoin ATMs installed is 11 the fastest …

Blockchain Helps Indian Coffee Farmers

In March 2019, the Coffee Board of India (CBoI) launched a blockchain-based platform for farmers. The platform was not quite popular in the beginning and did not do well as it had only 23 registered, and just 100 tonnes of India’s 0.32 million tonnes of coffee produced in 2018-19 was …

Tron Founder Invests In Crypto Exchange Poloniex

Justin Sun, Tron (TRX) founder admitted that he is one of the investors of cryptocurrency exchange Poloniex from financial technology firm Circle. On 12th November, Justin made a video on Twitter stating that he is one of the investors of Poloniex. He also noted that the exchange operates independently from …

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!