Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities. More
Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, allows banks in the country to act as cryptocurrency custodians. More
Citi Group Bank made an announcement via Business Wire that as previously reported in October of 2018, Citi it has launched a new cross-border platform, using RTP (real-time payments) to help its multinational clients manage the complexities in collecting cross border business-to-business payments, by digitizing the transaction process and embedding FX capabilities. More
Wells Fargo announced today that its corporate customers can now send real-time payments through the RTP® network via an application programming interface (API), enabling the immediate movement of money and expanding the bank’s faster payments offerings. More
HSBC Bank has launched real-time payments capabilities on the RTP network that gives businesses the ability to send and receive real-time payments, the company said in a press release Monday (Nov. 18), via Business Wire. HSBC is said to be a member of the R3 consortium. More
Ripple’s fundraising and development arm Xpring is investing in Flare Networks – a move the company says will enable “smart contract capability” for the XRP Ledger. More
The newspaper of China’s armed forces proposed ways of using blockchain weeks after it was championed by President Xi Jinping, who is chairman of the Central Military Commission. More
A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc. More
The Stellar Development Foundation (SDF) announced a new mandate today for its network’s development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens According to a Medium post on Nov. 4, the development foundation drastically reduced the number of tokens in existence as part of an effort to become more efficient, and due to a lack of actual usage and/or purchase of the stellar lumens token, as it moves forward. More
According to reports from China, An official at China’s central bank official has urged commercial banks to “step up their application” of blockchain. More
The Cardano Incentivized testnet is the beginning of cryptocurrency’s “Shelley” rollout, which will culminate in the release of what is said to be a secure, decentralized proof-of-stake (PoS) network. Allowing users to “stake” their coins, which allows holders to receive coins passively, simply for holding coins, and stabilizing the network. More
Based on a report from Bakkt CEO Kelly Leofflet, on theDecember 9, Bakkt will launch the first regulated options contract for bitcoin futures. More
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