Analysis

Source: Shutterstock London, United Kingdom: November sees the appointment of David Taylor as Interim CMO at BABB (Bank Account Based Blockchain) – an aspiring blockchain-based regulated bank, situated at Level39 in London’s Canary Wharf. Founded in 2017, BABB is on a mission to put an end to financial exclusion, provide transparency and support the underserved
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U.K.-based cryptocurrency exchange CEX.io has joined the Silvergate Exchange Network (SEN), the payment rail connecting major customers of Silvergate, the go-to bank of the crypto space. In an interview with CoinDesk, Steve Gregory, CEX.io’s global chief operating officer and chief compliance officer of its U.S. subsidiary, called Silvergate “the gold standard” when it comes to
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AAX, a Hong Kong-based cryptocurrency exchange that uses the London Stock Exchange (LSE)’s matching engine technology, has officially launched. After 19 months of development and testing, the company said on Thursday that the exchange platform has gone live on web and mobile, targeting retail and institutional investors with spot, futures and over-the-counter peer-to-peer trading. The
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South Korean crypto startup Bithumb is launching an “exchange-as-a-service” platform based on its new blockchain. Announced Wednesday, the exchange said Bithumb Chain will allow users and developers to build decentralized finance (DeFi) applications on the open source blockchain network, which it hopes will act as the backbone to a new financial ecosystem. The company is
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Ford, Volkswagon, LG and Volvo plan to take a pilot project tracking cobalt during its refining process live in production next year. The Responsible Sourcing Blockchain Network (RSBN), an international consortium built on Hyperledger Fabric, announced Wednesday it had successfully completed a pilot project to protect against exploitative mining practices. The companies sent 1.5 tons of
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Ripple’s argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims. Bradley Sostack, the plaintiff in a putative class-action lawsuit, said Ripple’s statute of repose – a three-year period where victims can claim alleged wrongdoing – does not immunize the defendant from securities laws due to the on-going sales
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An obscure porcelain and education firm is under investigation by a top Chinese regulator after it became one of the most sought-after blockchain stocks last week. Guangdong Great Wall Group, whose stock price skyrocketed for five consecutive days last week after Chinese president Xi Jinping praised blockchain technology, said Monday it was under investigation by
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The UK’s tax agency has issued cryptocurrency tax guidance for businesses, following up a year-old promise. After clarifying the situation last year for individual taxpayers, Her Majesty’s Revenue & Customs (HMRC) issued guidance Friday for businesses and enterprises for crypto asset exchange tokens – such as bitcoin – which it taxonomically separates from utility tokens and security
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Accounting and business consulting firm Armanino launched a new blockchain-based tool Wednesday promising firm-originated financial audits in seconds. Called TrustExplorer 2.0, the product is one of several promising to overturn how accounting is done within companies. Which is hardly surprising: by definition, “ledger technology” should improve accounting and provide a competitive threat to the way things
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