Bithumb Exchange Launches OTC Trading Desk for Digital Assets

South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on an exchange where orders are matched between buyers and sellers. “Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and…

Digital Asset Blockchain Beats Wall Street’s Minimum Scale

Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in 2014, Digital Asset claims to be the only distributed ledger platform to have been developed according to the production requirements of the world’s largest financial institutions. GFT on its part provides business, IT and software services …

Sony Develops Blockchain-Based Rights Management System for Digital Content

Sony Corporation has announced the launch of a blockchain-based digital rights management system. In a statement released on its website, the company revealed that the new framework is built on a prior system for authenticating, sharing, and managing rights to educational data previously developed by Sony and Sony Global Education. In April, CCN reported that Sony filed an application for a patent to store users’ digital rights data on the blockchain. In its patent application, Sony warned that “conventional solutions may not be very reliable and rely on one unique point of…

Dubai to Launch Blockchain Payments with State Digital Currency ‘emCash’

Dubai residents will soon have the means to make payments for school fees, bills and other retail purchases with emCash, a state-developed blockchain-based digital currency. The UAE’s first official credit bureau – emCredit – under the Dubai Department of Economic Development is pushing its official blockchain-encrypted state digital currency emCash for wider adoption by rolling out point-of-sale (PoS) devices at government storefronts across Dubai. PoS devices will also be deployed at retail storefronts, enabling both citizens and residents of Dubai to make purchases following a partnership with blockchain payments provider…

Sierra Leone, United Nations to Develop Blockchain Digital ID System

Two of the United Nation’s wings are joining hands with Sierra Leone government to build a blockchain-based ID system for their seven million people. The UN Capital Development Fund (UNDCF) and the UN Development Programme (UNDP) have entered into a partnership with  Kiva, a technology nonprofit. Kiva will lend its institutional protocol of the same name to implement the “Credit Bureau Of The Future.” It would allow Sierra Leone citizens to have complete and secure ownership of their identities, similar to blockchain assets in a decentralized network like that of…

PwC’s New Digital Skills Course Will Teach Employees about Blockchain

“Big four” auditing firm PriceWaterhouseCoopers (PwC) is launching training programs to employees on blockchain and other nascent technologies. The two-year digital skills course, dubbed “Digital Accelerators” and said to begin in January, will train 1,000 employees on everything from drones, blockchain, and cleansing data to 3D printing, a news report from tech publication Digiday says. The intermediate-to-advanced skill building courses is aimed to enhance PwC employees’ digital skills as well as cut costs for clients, thus boosting internal blockchain expertise, the report added. According to Sarah McEneaney, digital talent leader at PwC…

India Eyes State Digital Currency to Cut $90 Million Banknote Bill

India’s central bank is researching how to introduce a rupee-backed central bank digital currency (CBDC) into its monetary policy in a bid to reduce its hefty annual bill for minting physical cash. The news was revealed in the Reserve Bank of India’s (RBI) annual report, published Wednesday, which indicated an inter-departmental unit has already been formed within the organization to study the “desirability and feasibility to introduce a central bank digital currency.” The effort apparently comes in response to a rapidly changing landscape of digital payments and the “rising costs of managing fiat…

UK Government Pilots Storage of Digital Evidence on a Blockchain

The UK Government has disclosed plans to conduct a pilot project for storing digital evidence on a blockchain. The initiative was revealed in an announcement by Balaji Anbil, Head of Digital Architecture and Cyber Security at Her Majesty’s Courts and Tribunals Service (HMCTS) under the Ministry of Justice. Court Reform In the announcement, Anbil revealed that the HMCTS push to look into distributed ledger technology forms a major part of the body’s court reform plan. HMCTS and the UK Cabinet Office Open Innovation team held a joint meeting to this…

Novogratz on Cryptocurrencies, Galaxy Digital IPO

Jul.30 — Galaxy Digital Founder & Chief Executive Officer Mike Novogratz talks about the challenges of listing shares of his crypto merchant bank in Canada, expansion plans, profitability and prospects for Bitcoin. He speaks with Bloomberg’s Erik Schatzker on BNN Bloomberg in Toronto. source

Singapore Airlines Launches Blockchain Digital Wallet ‘KrisPay’ for Travelers

Singapore Airlines, one of the world’s leading and best-rated airline operators, has launched KrisPay – a digital blockchain wallet that allows frequent fliers to convert airmiles into digital currency. Announced on Tuesday, the digital wallet app will be accessible for users of the airline’s ‘KrisFlyer’ frequent flyer program and will use blockchain technology to enable travelers to spend their air miles at retail establishments, hotels, petrol stations and other partner merchants in the island nation. As reported previously in February, SIA will use its own private blockchain developed with technology…