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business news
Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain
Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.
Ripple Says Sales of XRP Cryptocurrency Grew 31% in Q1
Blockchain payments startup Ripple has reported a 31 percent quarter-to-quarter increase in sales of XRP.
Banks Can't Snub Crypto Startups Thanks to France's New Blockchain Law
France's wide-ranging new blockchain law aims to solve a longstanding problem for crypto startups: banking, or lack thereof.
China's Foreign Exchange Regulator Piloting Blockchain in Trade Finance
The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
Samsung Developing Ethereum-Based Blockchain, May Issue Own Token
Samsung is reportedly developing an ethereum-based blockchain network and is eyeing the eventual issuance of a "Samsung Coin" token.
Coinbase Shutters High-Speed Crypto Trading Division, Axing 30 Jobs
Coinbase is shutting down the Chicago trading technology office it opened a year ago, eliminating 30 jobs.
SEC-Fined Crypto Project Abandons Cannabis Co-Working Venture
ParagonCoin, which was previously fined by the regulator over its ICO, is selling off a property intended for use as a cannabis co-working space.
Crypto Custodian BitGo One-Ups Gemini With Advanced Security Exam
BitGo has passed an advanced security review by an outside monitor, claiming to be the first crypto firm to receive this level of certification.
Civic Inks Deal to Bring Blockchain ID to 1,000 Vending Machines
After demoing a beer vending machine at SXSW, Civic is announcing a blockchain identity deal with 12 suppliers in the automated retail space.
Controversial Oil Tycoon Moves to Shake Up Argo Blockchain Board
Frank Timis, a convicted heroin dealer and oil millionaire, is trying to oust execs at the London-listed crypto mining firm Argo Blockchain.
