business news

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Tether to File Motion to Dismiss Class Action Lawsuit Based on NYAG Claims
The company claims that plaintiffs cannot prove Tether transactions caused bitcoin’s surge or that damages were incurred.
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Northern Trust Testing Fractionalized Bonds on Blockchain
The U.S.-based custody bank is looking to offer fractions of tokenized bonds to retail and small professional investors.
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OneCoin Founder's Brother Faces 90-Year Jail Term After Plea Deal
The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.
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Ledger's Vault Scores $150 Million in Crypto Insurance From Lloyd's Syndicate
The move is another sign that the insurance industry is gradually becoming comfortable writing coverage for digital assets.
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Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push
OneConnect Financial Technology, the banking and blockchain arm of China's largest insurance company, filed a prospectus with the SEC on Wednesday.
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HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets
A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.
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Despite Denials, Tron Founder Confirms Investment in Poloniex Crypto Exchange
Despite an earlier denial, Justin Sun is part of an investment group buying troubled crypto exchange Poloniex.
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BitGo Says It's Now Processing 20% of Bitcoin Transactions
The crypto custodian facilitates a sizable share of on-chain transactions, a sign of consolidation, and power, in the crypto space.
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China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.
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UPS Ships Beef to Japan, Tracked and Monitored Using Blockchain Tech
The shipping giant says it has tracked and delivered a full shipment of beef from Kansas to a Tokyo steakhouse with help from blockchain firm HerdX.
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