blockchain

Chinese search giant Baidu has announced the launch of the Baidu Blockchain Engine (BBE) operating system, created specifically for developing decentralized applications. The basis of the new technology platform is Baidu's ABC technology strategy, which involves the use of artificial intelligence, big data and cloud computing. The cloud platform is also designed to eliminate the high cost of data storage and lack of computing power. "It makes the development of […]

HSBC, a large British bank, has reduced its foreign currency transaction costs by a quarter thanks to the use of FX Everywhere blockchain platform. This was stated by operating director of the bank, Mark Williamson, writes Reuters. He said that the platform handles up to 5,000 transactions daily, and their total volume has already reached $ 350 billion. “We can demonstrate that this is not a one-off proof of the concept or […]

JPMorgan, the leading US financial holding, has developed its own steeblecoin called JPM Coin and intends to start experimenting with it in real conditions within a few months, writes CNBC. JPM Coin was created by bank engineers, and its test trials will become part of a wider JPMorgan corporate payments initiative, where the bank processes transactions for $ 6 trillion daily. How […]

In 2019, the US Commodity Futures Trading Commission (CFTC) will pay special attention to monitoring the cryptocurrency market. This is stated in the official press release of the department. The work on this direction will be entrusted to the market monitoring department (DMO), which checks the compliance of the regulated futures markets with the CFTC requirements and the Commodity Exchanges Act. “This is the first publication of the priorities of expert divisions and it is directed […]

The cryptocurrency company based in Istanbul fell victim to criminals who stole Bitcoins and other cryptocurrencies from its accounts totaling 13 million lire (about $ 2.47 million). This is reported by the local edition of Daily Sabah. The company, whose name was not disclosed, went to the police with a statement after it discovered that it had stolen large amounts of bitcoins, […]

A group of investors filed a lawsuit in the Supreme Court of New York on the cryptocurrency exchange Huobi, its US division of HBUS and on the ICO-startup Elastos, reports Cryptobriefing. The reason for the suit was the alleged violation of securities laws. In particular, the main plaintiff Mark Owen is sure that the initial offer of the Elastos project coins, which took place last year, violates Section 5 of the Law on Valuable […]