With a Swiss crypto bank named Syngnum, the Japanese financial giant and Ripple partner SBI is set to launch an unlisted securities fund and will aim at European and Asian investors. The companies hope to raise “up to USD 66.3 million by 2021,” according to a Nikkei report, as well as press releases from both […]
Japanese financial giant SBI Holdings has unveiled a platform that will enable companies. And regional government agencies to issue “digital tokens” through the Corda blockchain network of the American firm R3. The company said by an official statement its platform is named S Coin. The solution is intended for businesses, it said. But SBI has […]
State Bank of India has fallen prey to a major flaw in the cyber security which has resulted in leakage of millions of customers’ data. As per sources, the mishap occurred through a non-password protected server which was being used by the bank for its SMS service. Although SBI has claimed that it has sorted out the issue, customers and experts all over the world have condemned the incident.
SBI Ripple Asia, a sister collaboration of Ripple, has signed a new partnership agreement with the Japan Payment Card Consortium. The partnership aims to fight against frauds with Proof of Concept technology (PoC). The PoC system will be implemented via Corda because of its data privacy and security set-up.
SBI Ripple Asia has moved one step closer to its aim of launching MoneyTap, a Blockchain-powered payment app, in Japan. It has itself registered under Kantou bureau to become legally clear to act as a financial agent. The app will facilitate the retail users for a peer-to-peer money transfer.
SBI esports, a subsidiary of the Japanese financial services conglomerate SBI Group, announced that, as part of a sponsorship deal with venture capital firm, VC Trade, its esports players would receive salaries in Ripple (XRP). In order to strengthen the company’s presence among eSports players who also use digital currencies. Player salaries will be paid […]
Japanese finance minister Taro Aso suggested that blockchain would be key. To the world’s battle against the coronavirus pandemic since the technology can be used to track contacts while ensuring privacy. Aso gave the opening remarks in Tokyo on 24 Aug. for the Blockchain Global Governance Conference. Also is known as the FIN / SUM […]
According to Brandon Mintz, CEO of the crypto ATM network, Bitcoin Depot. The blockchain group is playing an important role in helping to develop pharmaceutical drugs to counter COVID-19. Blockchain will carry immense computing power to validate transactions and create new coins. In an interview with Cointelegraph, Mintz emphasized that the greatest advantage blockchain brings […]
Crypto exchanges and cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus Hughes at Program on Extremism, the United States District Court for the District of Columbia already convened a […]
Blockchain forensics firm Elliptic has just closed a $23 million Series B to step up growth for a crypto risk-management play. The financial services and asset management firm SBI Group was leading the round…