Santander Enters $700 Million Deal to Use IBM’s Tech, Including Blockchain

Santander Enters $700 Million Deal to Use IBM’s Tech, Including Blockchain One of Europe’s largest banks, Banco Santander, and tech giant IBM have announced an agreement to accelerate the bank’s development of technologies such as blockchain. The news was announced in a press release published on Feb. 13. The five-year global technology agreement is reportedly aimed at enhancing the financial institution’s…

Details

Top Crypto Exchange Binance’s CFO: Business Still Profitable, Despite Bear Market

Top Crypto Exchange Binance’s CFO: Business Still Profitable, Despite Bear Market The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. The CFO, Wei Zhou, made his remarks in an interview with CNBC on Feb. 14. With Bitcoin (BTC) trailing below $4,000 for the past ten…

Details

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline

New Zealand Police Say Cryptopia Is Ready to Resume Trading, but Platform Remains Offline The New Zealand Police have reported that recently hacked crypto exchangeCryptopia is ready to be relaunched and resume operations, Auckland-based news agency The New Zealand Herald reports on Feb. 13. Detective inspector Greg Murton reportedly said that the main part of the work required by the…

Details

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’

Overstock Founder: Blockchain Can Make Government ‘Incapable of Being Bribed’ The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a turning point for a fundamental change of their structure, and blockchain…

Details

Japan’s Biggest Bank Launching Blockchain Payments Network in 2020

Japan’s Biggest Bank Launching Blockchain Payments Network in 2020 Mitsubishi UFJ Financial Group (MUFG) – Japan’s largest financial group and the world’s fifth largest bank by assets – is launching a blockchain-based payments network next year. The firm announced Tuesday that it has formed a joint venture with U.S.-based fintech firm Akamai Technologies to develop the platform…

Details

Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access

Report: QuadrigaCX Accidentally Transferred $500K in BTC to Cold Wallets It Cannot Access Major Canadian crypto exchange QuadrigaCX accidentally transferred nearly $500,000 in Bitcoin (BTC) to its cold wallets earlier this month, according to a report published by Ernst & Young on Feb. 12. The founder of QuadrigaCX, 30-year-old Gerald Cotten, died in December 2018. The exchange has been unable to access its cold…

Details

IBM Partners With Boehringer Ingelheim to Test Blockchain in Clinical Recordkeeping

IBM Partners With Boehringer Ingelheim to Test Blockchain in Clinical Recordkeeping The Canadian unit of American tech giant IBM has partnered with pharmaceutical company Boehringer Ingelheim to deploy blockchain in clinical recordkeeping, according to a press release published on Feb. 12. The cooperation between the two companies aims to test whether the integration of blockchain technology with clinical recordkeeping provides the proper level of data…

Details

UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit

UK Customs Service Postpones Blockchain-Driven Border Project Until After Brexit Her Majesty’s Revenue and Customs (HMRC) has delayed further work on a successful blockchain project in the wake of Brexit, according to a written parliamentary statement published Feb. 7. The question about the distributed ledger project for customs needs was raised in the Q&A section on the United Kingdom Parliament’s website. On…

Details

Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money

Chilean Central Bank: Cryptocurrencies Are Unable to Substitute Fiat Money The Central Bank of Chile (BCC) believes that cryptocurrencies are unable to substitute traditional money, according to an in-depth report on crypto issuedFeb. 7. The document, signed by the central bank’s president Mario Marcel, was prepared upon request of the Tribunal de Defensa de la Libre Competencia (TDLC).…

Details