‘Keep NEO One!’ Investors Protest a Proposal to Make Crypto Coins Divisible

Tokens on the blockchain protocol neo may be indivisible – but it’s becoming apparent that its community is not. Perhaps ironically, it’s the very notion of indivisibility that has proved contentious to the coin’s investors and users in recent weeks. More specifically, a Github proposal to change the structure of the NEO token – one…

Former Beverage Company Long Blockchain Corp. Receives Subpoena From SEC

Former drinks manufacturer-turned-blockchain development company Long Blockchain Corp. has been issued a subpoena by the U.S. Securities and Exchange Commission (SEC), Bloomberg reported August 1. During a filing today, the company reportedly said that the subpoena, originally dated July 10, requested certain documents from Long Blockchain Corp. The firm declined to provide further details, saying:…

Ripple Partners with Madonna to Raise Funds for Malawi Orphanage

Ripple is back at it again with the partnerships. A few months ago, it seemed like there was a new Ripple partnership or donation every week. Then things slowed down. This week, the Ripple I know is back. This week, we’ve heard about the Ripple Madonna partnership. And it’s true. Ripple Madonna Partnership: Another One!…

Blockchain Platform to Allow Users to Trade Gold for Virtual Currencies

A company is creating an ecosystem where tangible assets such as gold can be traded for virtual currencies in a digital environment. The platform, known as the Digital Gold Exchange (DGE for short,) says it has the goal of establishing a place where users can securely store their assets and trade with others “quickly, safely,…

Online Bank Swissquote Shows Surge in Profits Because of the “Crypto Boom”

Online bank Swissquote opened its banking doors to accommodate Bitcoin trading accounts for its clients in July of 2017. It was thought to be the first European online bank to do this. A year on, and Swissquote has revealed the fruits of its labor for adopting the cryptocurrency with a 44% surge in profits attributed to the…

China: World’s Fourth Largest Bank by Assets Trials Blockchain Loans Backed by Land

The Agricultural Bank of China (ABC), the world’s fourth-largest bank by assets, has issued its first loan on blockchain, local news outlet Financial News reported July 31. State-owned ABC, which counts itself among China’s “Big Four” lenders, revealed it had issued a loan worth around $300,000 backed by a piece of agricultural land in the…

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

NEWS Jul 31, 2018 at 06:00 UTC  |  Updated  Jul 31, 2018 at 07:28 UTC The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its…

Fatfish Internet Group: Markets Could ‘Accept’ Bitcoin ETF Within ‘Couple Of Months’

Global markets will be “ready to accept” a Bitcoin (BTC) exchange-traded fund (ETF) in as soon as a “couple of months,” Fatfish Internet Group CEO Kin-Wai Lau told CNBC on July 29. Speaking to CNBC’s dedicated cryptocurrency segment, the Coin Rush, Lau expressed a firm belief in Bitcoin’s current price rally, explaining, “It’s a very…

Commonwealth Bank Claims Success in Global Trade Blockchain Trial

NEWS Jul 30, 2018 at 06:00 UTC  |  Updated  Jul 30, 2018 at 07:11 UTC The Commonwealth Bank of Australia (CBA) has announced the completion of a cross-border shipment that utilized blockchain to track goods in the supply chain. The multinational, one of Australia’s “Big Four” banks, said in a statement on Monday that some 37,000…