business news

Markets

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.
Nov 15, 2019

Business

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.
Nov 14, 2019

Markets

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.
Nov 14, 2019

Markets

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.
Nov 14, 2019

Markets

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.
Nov 14, 2019

Markets

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.
Nov 13, 2019

Markets

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.
Nov 12, 2019

Markets

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.
Nov 12, 2019

Markets

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.
Nov 12, 2019

Markets

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.
Nov 12, 2019