business news

China Everbright Bank Uses Ant Financial DLT for Supply Chain

A Major Chinese Commercial Bank Uses Blockchain-based Supply Chain Finance

Popular as a major commercial bank in China and one of the largest public companies in the world, China Everbright Bank (CEB) is working on introducing a blockchain-based supply chain finance solution in partnership with Ant Financial. Ant Financial, which is widely recognized as the financial arm of the Chinese e-commerce giant, Alibaba, teams up […]

Binance P2P adds five new fiat currencies in lating america

Binance P2P Adds Five New Fiat Currencies in Latin America

Cryptocurrency exchange Binance has rolled our peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian Real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian Sol (PEN). Supported cryptocurrencies include Bitcoin, Ether, Tether, Binance […]

Alibaba's Import E-commerce Platform adopts Blockchain traceability system

Alibaba’s Import E-Commerce Platform Adopts Blockchain Traceability System

Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain Increases Logistics Transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to […]

Crypto Exchange KuCoin establishes KuGroup to expand services

IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services

Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure the business. Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products. KuCoin announces two new appointments alongside […]

Coinbase card now available on Android phones through Google Pay

Coinbase Card Now Available on Android Phones Through Google Pay

Coinbase Card users owning supported Android phones can now avoid using the physical card. Through an integration with Google Pay announced on March 17, the card can be emulated by a mobile phone. The Coinbase Card connects a holder’s cryptocurrency balance on the exchange, which is then used for spending crypto via an instant conversion […]

Opera Browser enables Apple Pay and Debit Card Crypto Purchases in US

Opera Browser Enables Apple Pay & Debit Card Crypto Purchases in US

Opera’s mobile and desktop browsers are expanding cryptocurrency purchases to U.S. users, as the Norwegian company looks to continue building its Web 3.0 credentials. Through a partnership with Wyre, a U.S. licensed money transmitter in the cryptocurrency sector, Opera will enable U.S. based customers to buy Bitcoin and Ether directly from the browser’s crypto wallet. […]

Binance and WazirX sets up $50M

Binance & WazirX Sets Up $50M Indian Blockchain Fund to Foster Growth

Global decentralized cryptocurrency exchange Binance Group and WazirX are going to share the same stage to foster the growth of the Indian startup ecosystem. The collaboration has set up a $50 million (Rs 370 Crore) blockchain technology fund for India weeks after the Supreme Court struck down the curbs on cryptocurrency trade in the country. […]

cryptocurrency exchange bitfinex lists $280M crypyto hedge fund

Cryptocurrency Exchange BitFinex Lists $280M Crypto Hedge Fund

BitFinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fun Fulgur Alpha, which is currently worth $280M dollars. According to BitFinex, the fund – which is only accessible to professional investors – […]

Blockchain technology in air cargo industry

Air Cargo Industry Could Save $400M Per Year with Innovative Blockchain Tech

Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain Platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally […]