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Valve, a game maker, has put an end to trade in various in-game items because “worldwide fraud networks” had been using these items to “liquidate” their gains. JP Koning explains hos this works.
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HSBC will be shifting $20 billion worth of assets to a new blockchain-based custody platform by March. This is a vast improvement of the previous system as the HSBC platform will digitize paper-based records of private placements.
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Because it’s fast and reliable, the ODL system provided by RippleNet is being used by MoneyGram International. MoneyGram clients are being offered lower costs, convenience, speed and reliability.
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At least five Chinese cryptocurrency exchanges have halted or chosen to terminate operations this month in response to a perceived redoubling of Beijing’s anti-crypto stance.
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Chinese cryptocurrency exchange IDAX has suspended deposits and withdrawals after its CEO allegedly disappeared. In a blog post on Nov. 29, IDAX, which earlier this week warned it was seeing a run on withdrawals, said the whereabouts of Lei Guorong were currently unknown.
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When Canadian blockchain whiz Gerald Cotten died unexpectedly last year, hundreds of millions of dollars in investor funds vanished into the crypto ether. But when the banks, the law, and the forces of Reddit tried to track down the cash, it turned out the young mogul may not have been who he purported to be.
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Fintech adoption within investment management is still comparatively low as the industry faces falling margins, increased competition and a low rate environment, according to the Asset Management and Investors Council of the International Capital Market Association.
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In addition to companies, local governments and incorporated associations are now proceeding with special initiatives for issuing independent tokens within Japan.
