Latest news — Page 617

UK insurer Legal & General is collaborating with Amazon to create a blockchain system for corporate pension deals, Reuters reported.

[The article has been updated with additional information.]

Governments are fickle things. Within a given country, the direction of progress may zig and zag, depending on the particular leadership of a given moment and the rate of turnover from one administration to the next. …

Cryptocurrency payroll startup Bitwage has officially announced support for the second largest cryptocurrency by market cap, Ether (ETH).

Support: 127.62 (5-DMA); Resistance: 148.07 (78.6% Fib)

Visa has announced the commercial launch of the Visa B2B Connect, a distributed ledger-based, non-card payment network.

Support: 356.33 (55-EMA); Resistance: 397.17 (21-EMA)

Cryptocurrency custody company Metaco has announced that major re/insurance broker Aon has arranged a panel of London insurers who will offer crime insurance product to its clients.

Support: 0.0293 (55-EMA); Resistance: 0.0325 (20-DMA)

Crypto data and indices provider CryptoCompare, in partnership with Nasdaq, has announced a new cryptocurrency pricing product.

The battered bitcoin will hit a new record high by year-end against the U.S. dollar on higher real transaction growth and renewed optimism among market players, an FxWirePro survey showed.

The United States National Archives and Records Administration is exploring how blockchain technology can improve the management of information, Federal News Network reported June 10.

Support: 140.78 (50-DMA); Resistance: 150.91 (21-EMA)

Cryptocurrency publication CCN.com announced that it is closing its digital doors after experiencing a collapse in mobile traffic following Google’s Core Update on June 3, 2019.

KB Kookmin Bank, one of the four largest banks ranked by asset value in South Korea, has signed a strategic business agreement with blockchain startup Atomrigs Lab, local news outlet Business Korea reported.

Overstock.com’s blockchain subsidiary Medici Land Governance and Liberia’s Ministry of Finance and Development Planning have signed a Memorandum of Understanding (MoU) to digitize the government services of the Africa…

Cryptocurrency exchange Coinbase has announced that it is adding DAI stablecoin to its Earn program.

XRP developer and issuer Ripple has opened a new Brazilian office, with the aim of expanding more across Latin America, Cointelegraph Brazil reported.

Retail giant Target has revealed that it has been working on a blockchain proof of concept (POC) for the management of supplier certifications.

Jihan Wu, co-founder and former CEO of bitcoin mining giant Bitmain, is gearing up to launch his new venture Matrix, sources familiar with the matter told The Block.

The U.S. National Association of Realtors (NAR)’s venture capital arm Secondary Century Ventures has invested in blockchain-based real estate startup Propy, CoinDesk reported.

The parliament of Russia, the State Duma, is considering imposing administrative penalties for those who mine cryptocurrencies using open blockchains, media outlet TASS reported.

The Dubai Land Department (DLD) and Emirati telecoms service provider Etisalat have signed a Memorandum of Understanding (MoU) on real estate blockchain technology, according to United Arab Emirates-based media outlet…

The Russian Ministry of Transport has signed a Memorandum of Understanding (MoU) with A.P. Moller – Maersk for the launch of blockchain shipping solution TradeLens in Russia.

Leading cryptocurrency exchange Binance announced that it has onboarded Gin Chao, the former strategy executive of Dell and the National Basketball Association, as its global strategy officer.

Support: 218.84 (55-EMA); Resistance: 253.62 (20-DMA)

South Korea’s Ministry of Foreign Affairs has announced a blockchain pilot that will aim to verify the authenticity of the notarized financial power of attorney from diplomatic office.

Blockchain platform Zilliqa has announced the launch of smart contracts on its platform, President and chief scientific officer Amrit Kumar told TokenPost in an email.

Universa Blockchain and the Khanty-Mansi Autonomous Okrug - Yugra, a federal subject of Russia, have collaborated to launch a blockchain-based, future-oriented tourism platform.

Consultancy firm McKinsey & Company said that retail banks are slow to adopt blockchain technology, citing regulations and conservative consumers as obstacles.

Microsoft is going to integrate tools developed by Truffle, an Ethereum startup spun out of ConsenSys, with Azure cloud computing service to enable developers to build and manage enterprise blockchain applications, Fo…

Cryptocurrency analytics firm Coin Metrics has announced the acquisition of Bletchley Indexes, a crypto-asset index provider.

The Siam Commercial Bank (SCB), Thailand’s largest commercial bank, has retracted a statement it made about its plan to start using Ripple’s XRP token.

Support: 107.45 (21-EMA); Resistance: 127 (trendline)

Republic of San Marino’s captains regent, Nicola Selva and Michele Muratori, have issued a delegated decree, outlining the procedures for registering a blockchain-based organization with the San Marino Innovation Inst…

G20 finance ministers and central bank governors have welcomed the efforts of global regulators on cryptocurrencies and have recommended considering multilateral responses as needed.

The inter-ministerial committee led by the Indian Department of Economic Affairs secretary Subhash Chandra Garg has reportedly proposed a draft bill that seeks to make it illegal to hold, sell or deal in cryptocurrenc…

Support: 7073 (55-EMA); Resistance: 8159 (20-DMA)

Ethereum is the most commonly used platform for decentralized finance (DeFi) applications (DApps), according to a report by Binance Research published on June 6.

Blockchain-as-a-service startup BanQu announced that it closed an extension of its Series A funding round, receiving an undisclosed amount from ZX Ventures, the investing arm of brewing giant Budweiser’s parent compan…