HSBC will reportedly use blockchain to move $20B in digital assets

HSBC will reportedly use blockchain to move $20B in digital assets

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Global bank HSBC is planning to track $20 billion worth of digital assets on a blockchain-based custody platform by March next year. According to Reuters, the platform, known as Digital Vault, will allow investors to get real-time access to records of securi…
Libra claims 180 potential replacements for 7 mutineers

Libra claims 180 potential replacements for 7 mutineers

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Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project — 180 of those meet eligibility requirements to become members, which could replace the seven companies that dropped out of the Association this month, including…
Alleged EtherDelta hacker in federal court over $1.4M cryptocurrency plot

Alleged EtherDelta hacker in federal court over $1.4M cryptocurrency plot

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Alleged hacker Anthony Tyler Nashatka, also known as “psycho,” faced US federal court yesterday over a plot to steal $1.4 million worth of cryptocurrency from users of token exchange EtherDelta. Authorities charged Nashatka, alongside his alleged accomplice Elliott Gunton, with counts of conspiracy to commit computer fraud and abuse, wire fraud, aggravated identity theft, among others.…
Blockchain can transform trading, says SEBI chief

Blockchain can transform trading, says SEBI chief

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Technology has made possible algo trading, T+2 days settlements and holding securities in electronic format among many other things.Sebi chief Ajay Tyagi on Tuesday urged stock exchanges to follow governance norms better than what they preach to listed companies. He also said that exchanges should not use their oligopolistic position to charge exorbitant and unreasonable…
Libra’s Ship Is Sinking as Multiple Major Partners Abandon Facebook’s Troubled Cryptocurrency

Libra’s Ship Is Sinking as Multiple Major Partners Abandon Facebook’s Troubled Cryptocurrency

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Following the departure of PayPal from Facebook’s Libra project—a cryptocurrency that promises to “reinvent money” and “transform the global economy”—a new wave of departures has rocked the platform as eBay, Stripe, Visa, and Mastercard have all announced that they are abandoning ship.This serves as a massive blow to Facebook now that five of Libra’s 28…