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One of the world’s top banks issues bonds that can be bought with Bitcoin

One of the world’s top banks issues bonds that can be bought with Bitcoin

China Construction Bank has partnered with a Labuan-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution. One of the “Big Four” banks in the People’s Republic of China, CCB is ranked the second-largest bank worldwide by total assets as of fall 2020. The megabank’s plan with the new blockchain-based debt issuance is to raise up to $3 billion in total, starting with a tranche of $58 million, from individuals and institutions. The digital bonds will be issued through an offshore branch of CCB in Labuan, Malaysia, at a minimum of as little as $100 each, and will have…

Blockchain and Digital Assets Adoption Continue to Grow Despite COVID-19 Pandemic

Blockchain and Digital Assets Adoption Continue to Grow Despite COVID-19 Pandemic

Ripple has released its annual ‘Blockchain in Payments report’ for the third consecutive year, offering a comprehensive look into the fintech industry and blockchain’s growing role in payments. The report has revealed that not only is growth possible for blockchain and digital assets initiatives, but that familiarity with them has increased as well. Across five global regions (North America, Europe, Middle East and Africa, Latin America and Asia Pacific) familiarity with blockchain and cryptocurrency ranges from 82% to 94% The report has also found the blockchain adoption and positive sentiment is growing, with 67% of respondents claiming that cryptocurrency is net reliable, and…

More Use of Blockchain Technology Could Bring Benefits to Africa

More Use of Blockchain Technology Could Bring Benefits to Africa

Relatively recent experience in containing outbreaks of Ebola in Africa has allowed its nations to effectively contain the spread of coronavirus. Many African countries have quickly deployed effective track, trace, and quarantine measures of the kind that have been remarkably absent in the US and Europe. However, the economic impact of the virus is hitting parts of Africa in other more indirect ways. The World Bank projects that the value of remittances to Sub-Saharan Africa will decline by around 9% in 2020 due to the global recession caused by the pandemic. In a region where many families depend on remittances from members…

Why the Gaming Industry Will Embrace Blockchain Faster Than You Think

Why the Gaming Industry Will Embrace Blockchain Faster Than You Think

lockchain has made major strides as of late, making headway into more traditional financial and payment circles. That came in the form of PayPal, the world’s largest payments processor, announcing it would allow its customers to buy, sell, and hold cryptocurrency. It manifested itself in aspiring digital assets exchange INX Limited launching history’s first SEC-registered IPO to accept crypto, opening the floodgates to American retail investors. And it glares perhaps most obviously in the sheer fact that one third of all large institutions have invested in crypto. But there’s another, less-mentioned sector that is currently testing the waters with blockchain. That’s the $160-billion…

Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria is targeting to realize up to $10 billion from the Blockchain technology by 2030, the Director-General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said. Abdullahi, who disclosed this yesterday in Abuja at the Stakeholder Engagement for the Review of the National Blockchain Adoption Strategy, said that the government wants to harness the potential in Blockchain, and has seen the need to position the country to capture value from the value chain. He said: “Looking at our youthful population, which is mainly digitally native and our strategic position in Africa, we are looking at how we can…

Banks are gradually adopting the innovative Blockchain technology

Banks are gradually adopting the innovative Blockchain technology

A few years ago, with digital currencies hitting record highs, blockchain was at the heart of the financial debate, but everyone was wary. Now, several large banks are testing the technology, tempted by the prospect of improving certain processes in the sector, reports the CNBC channel. The blockchain was originally created for Bitcoin transactions. It is a different database format that is maintained on many computers. Banks have so far chosen to follow some of the principles of the blockchain, adapting the technology to different uses of digital currencies. In Italy, much of the country’s banking sector uses Spunta, a…

Bayern Munich joins the blockchain-based fantasy soccer trend

Bayern Munich joins the blockchain-based fantasy soccer trend

German soccer club FC Bayern Munich, which plays in the country’s Bundesliga, is entering the world of blockchain-based fantasy soccer. The Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-German, Juventus, PSG, and Atletico Madrid. FC Bayern Munich is itself no stranger to collaborations with blockchain projects, having partnered last fall with Stryking Entertainment to produce digital collectibles of its players. These cards are both collectible and playable as part of a fantasy-league style challenge. In announcing its Sorare deal to fans, FC Bayern Munich noted that the top 20 leagues in…

Crypto ATMs continue to boom globally in 2020

Crypto ATMs continue to boom globally in 2020

New machines are now coming online at a rate of nearly 1 per hour In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day. Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar. This…

Naming and cryptos

Naming and cryptos

Naming sponsors have been established in Greek basketball in recent years, in contrast to what happens in football where there are simply no corresponding agreements for the PAE. With sponsorships that offer valuable financial “breath” to the teams and “support” their budgets, in a difficult time for their income in the midst of a pandemic and the consolation is that the companies interested in promoting themselves through the Greek (basketball) market multiply. Several OEMs make deals – in the model of the Italians, “fashion” that began in previous decades – and in this year’s Basket League 6 championship – from…