Hi sir,
I'm completely newbie here. Just, come across your thread and interested to take the vouch.

regards

Mt. Gox, the world’s biggest cryptocurrency exchange until 2014 has taken measures to ensure that its former users get their share of compensation for their lost money, as Nobuaki Kobayashi, the civil rehabilitation and bankruptcy trustee of the firm has recently offloaded $230 million worth of Bitcoin and Bitcoin Cash, as per the document released on September 25.

The former giant in Bitcoin trade was hacked four years ago, resulting in the loss of millions of dollars worth of cryptocurrency and its eventual bankruptcy. Mt. Gox has since been working on the rehabilitation of its users by implementing measures such as selling cryptocurrency for fiat money.

According to calculations by Bloomberg, the latest disposal by the trustee has got an average price of $8100 per bitcoin, which has raised the balance in their account to approximately USD 620 million.

    Further, in a document released by the trustee, it is revealed that the trust is in possession of “a suitable amount of money to secure the interests [of] BTC creditors under the Bankruptcy Proceedings in connection with BTC claims to be treated as non-monetary claims under the Civil Rehabilitation Proceedings.”

In addition, the trustee has also... To Continue Reading Click Here

Two stone-broke football clubs, Newcastle United and Cardiff City, are trying to dodge the financial issues by planning to launch cryptocurrency through a tokenized crowdfunding round as reported by The Times.

Both the English Premier League teams are reportedly in conversation with SportyCo, a decentralized sports investment and funding platform, to launch their Initial Coin Offering (ICO) round. SportCo has prior partnered with Avaí Futebol Clube to raise them about $20 million through a public sale of AVAI tokens. The organization is likewise a main sponsorer of Espanyol, the world's top football team.

This partnership would empower the clubs to start the sale of their private digitized tokens as securities/utilities. As interested members buy these tokens, they would either gain a specific stake in the clubs' income or get extra benefits for utilizing the token on games-related purchases.

The Mag highlights the poor financial status of both Newcastle United and Cardiff City. Also, both Newcastle United and Cardiff City have accepted that they are battling for survival with lower-budgets.

     "Sir John Madejski, a prominent figure in the Premier League once said that running a football club is not for faint-hearted; that one has to have deep pockets to run them         smoothly especially when most clubs run at a loss."

After understanding that running a football club can't simply be a one-rich-man show, football clubs are opening up to the possibility of going public.

To Continue Reading Click Here - https://cointopper.com/news/two-english-premier-league-teams-are-planning-to-launch-icos

What is Bat(BAT) Coin? - Everything you need to know

Digital advertising is adopted worldwide in every field which is also a great source of revenue for the organizations but currently, it has been monopolized by big firms like Facebook and Google. These organizations get the vast advantage of it as they hold approximately 73% of the market share of the total ad revenue globally.

Thus, to overcome this, Bat coin came into existence.

What exactly is Bat coin?

Bat stands for Basic Attention token. It is the blockchain-based digital advertising token which is running on Ethereum. Basically, Bat coin cuts the requirement of middlemen while doing advertising and it makes the advertising process more effective by paying users to view the ads and also publishers receive the revenue directly.

Bat coin was launched in March 2017. By ICO’s, they raised the fund of around $35 million within 30 seconds.

Their main goal is to fix the issue with current digital advertising system in which users are getting tracked without their knowledge and later that could be the reason of fraud due to which the publishers need to face major consequences.

The Team behind Bat coin

Brendan Eich is the founder and chief visionary of the Bat coin. Brendan is the person who created JavaScript and co-founded the Mozilla project leading to Firefox.

Apart from that, this team involves advisors named Zooko Wilcox, founder, and CEO of Zcash and Ankur Nandwani, product manager at Coinbase.

How does Bat coin work?

To use the BAT, the web browser named Brave is required which is created by the BAT development team. So, basically, it is based on Smart contracts and using which, the advertisers send ads to the users in a locked state with a certain token payment. After seeing that ad, the user will get some portion from the received token payment.

Moreover, in between, Brave browser also get some token payment and the final remaining token payment will be credited to the publisher who hosts the ad.

Bat can be used in the browser for premium articles, donations to providers and other kinds of data services.

Where to buy Bat coin?

It can be purchased within pairs with Bitcoin (BTC) from any of the exchanges like Bittrex, Binance and Liqui or it can also be paired with Ethereum.

Otherwise, a user can first purchase Bitcoins and later on it can receive BAT in exchange for those coins from the mentioned exchanges.

Once a user starts using the brave browser, he can receive those BAT and early users are being rewarded with up to 5 BAT.

Where to store Bat coin?
Let’s understand the Brave browser in detail
Benefits of Bat Coin
Future of Bat coin ... To Continue Reading Click Here

What is OmiseGo(OMG) Coin? - Everything you need to know

Cryptocurrencies are becoming extremely popular these days all around the Globe due to their distributed platform, faster transactions speeds and along with many more features.

Likewise, Omisego is also one among them. It is an open payment platform which provides the flexibility to process the transactions without getting dependent on anyone.

It is a decentralized platform based on Ethereum which is a distributed public blockchain. It enables financial inclusion and interoperability through the public using decentralized OMG network.

What exactly is Omisego(OMG)?

Omisego is also called OMG which is currently ranked as 20th best currency in the global coin currency list. OMG's main aim is to “Unbank the Banked” which means helping the unbanked people to reach the banking services.

Basically, Omise was launched in 2013 in Thailand, Japan, Singapore, and Indonesia which provides online payment solution to sell the services to its customers or investors.

Omisego came into existence in 2017 as an extension of Omise which focuses on providing security and allows them to process transactions without getting dependent on anyone. Along with that, it takes control over financial and valuable assets and let them exchange with each other.

It enables peer-to-peer transactions in real-time by using White-Label SDK wallet (via an app) which allows wallet-to-wallet transactions of currencies, loyalty points, game credits etc.

The Team behind Omisego

Omisego team is known as “Fintech Rockstars” and also they got awarded as “Digital startup of the year” by Thailand’s Prime minister.

The core people involved in the team are Jun Hasegawa who is the CEO/Founder and Donnie Harinsut who is the COO and Co-founder.

Likewise, they have many notable members of advisors that includes Joseph Poon, Lightning network co-author , Vitalik Buterin, Founder of Ethereum , Dr. Gavin Wood, Co-founder of Ethereum , Jae Kwon, Creator of Tendermint, and cosmos network, Vlad Zamfir, Ethereum’s Casper Research Lead, Julian Zawitowski, founder of Golem, and Thomas Greco, Special Advisor.

Along with them, Wendell Davis - who proposed the product design and last but not the least, Vansa chatikavanij, who is the managing director.

Moving on to The Technology behind Omisego

Omisego runs on the Proof-of-Stake algorithm. Omisego blockchain network includes:

A Decentralized Exchange (DEX) which provides multi-asset and cross-chain interoperability. It is a liquidity provider mechanism which allows values to be traded in real-time for other values.

The Omisego Wallet which is an app through which money can be sent and received and used to stock.

A white-label wallet Software Development Kit (SDK) which is called as Programming framework where SDK is a collection of pre-defined programming functions which helps developers to develop and code application faster and effectively from the scratch.

The Omisego network’s token named as OMG token which is required to make sure wallet is open which allows them to confirm the blocks on the network.

Where to buy OMG?

To buy OMG, a user requires buying Bitcoin, Litecoin or Ether first and later it can be converted into OMG by exchanging them. You can buy Bitcoins from any of the popular exchanges available in the market. While some exchanges available to buy OMG are:

- BuyUcoin
- CoinSwitch
- Bittrex
- Binance
- Bitfinex

Benefits of Omisego

- Interoperability
- Decentralized Access
- Security
- Scalability

Problems solved by OMG:
Why is it good to hold OMG token in the Wallet??
Future of Omisego... To Continue Reading Click Here

What is VeChain(VET) Coin? - Everything you need to know

What is VeChain Cryptocurrency?

VeChain is one of the world’s leading blockchain platforms. It is a Singapore based company whose main aim is to solve the real-time problems with IoT devices.

It was founded in 2015 and is a decentralized platform which allows customers and sellers to communicate and interact with each other without the involvement of any intermediary. It is currently the part of the businesses such as Agriculture, Pharmacy, manufacturing, retail, logistics, luxury goods, Wines etc.

VeChain has a team of around 150 employees and their CEO named Sunny Lu is a fluent English speaker with expertise in IT and Information Security across luxury brands.

An Overview of the VeChain Foundation

VeChain Foundation is a non-profitable foundation which is responsible for the construction of the network, research, and development.

It provides support to the businesses who are interested in utilizing blockchain technology as a service which includes payment services, private key management, smart contract development, and wallet development.

What does VeChain support?

VeChain basically supports the supply chain management. Supply chain Management means management of goods and services which involves product creation to deliver it to the real customer.

It uses VeChain identity (VID) to track the product and these identities are produced using the SHA256 hash function.

VeChain provides the support by storing the details about the product on their blockchain which is secure and immutable. Each of the firms who are involved in using this technology has their separate private keys and they can interact with the rest of the organizations who are involved in that network.

How does VeChain work?

VeChain helps to identify Counterfeit by using RFIDs with blockchain. RFID tag is the tag which is attached to the objects to identify and track the product using Electromagnetic fields.

It provides transparency to the customers. It allows manufacturers to assign unique ID like RFID or sensor to the products and that information should be updated at the VeChain blockchain.

Due to this, every party involved in that supply chain will get the details about the products and its handling information.

For e.g: When some drug is issued in one country and is required for usage in another country, the drug needs to be stored at some specific temperature and also it might have some restrictions related to the transport as it can’t be imported via airlines. Thus, to keep a check on all those things, these sensors help the manufacturers to know where the product is an RFID reader is also available through which customer can check if the delivered drug is original or fake.

Expanding VeChain Network
Countries Where VeChain is becoming popular...
How to buy VeChain?
Exchanges where the VeChain purchase can be done:
The Future of VeChain To Continue Reading Click Here

Financial firms have shown immense interest in diving into the crypto market. It’s no brainer that the giant firms are always trying to dope something new to grab the customers’ attention on them.

It’s been a while that the crypto market has introduced the concept of direct investing in cryptocurrency without owning them. Citigroup has already stepped a bit ahead with their digital asset receipt. While such success of Citigroup has kindled up the market of digital currencies, the giants like Morgan Stanley, Goldman Sachs has started exploring custody products of cryptocurrencies.

As reported by Business Insider, Morgan Stanley is out to offer trading of a derivative product tied to Bitcoin. This New York-based financial service-firm is promptly planning bitcoin swaps to give investors exposure to the digital currency performance without actually owning them.

The firm is ready to launch their product and will release as soon as they find the right amount of demands from industrial clients. Morgan Stanley has been the most bulge-bracket bank to dive deeper into the cryptocurrency market. As per the report, the bank has said it is not trading bitcoin itself. The report also reveals that Morgan Stanley has hired Andrew Peel from Credit Suisse in June as head of digital asset to smooth out their crypto-success.

Meanwhile, Goldman Sachs has already started to trade bitcoin futures and other digital currency products. On the other hand, Citigroup’s digital asset receipt is quite similar to the American depository receipt, which has been around for a decade to give US investors a way to buy foreign stocks.

To continue reading click here

World's Second Largest Stock Exchange To Acquire Swedish Fintech Cinnober

Nasdaq has yet again hit the headlines as the world's second largest stock exchange is all set to acquire a Sweden-based trading solution provider, Cinnober in a $190 million all-cash deal.

Cinnober is said to be in partnership with the qualified crypto custody security providers, BitGo. Recently, BitGo earned the regulatory approval to be a qualified custodian service provider for around 75 cryptocurrencies to institutional investors.

On this matter, Adena Friedman, president, and CEO of Nasdaq stated:

   “The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.”

Friedman further added:

    “Not only the global capital markets continued to evolve rapidly, but new marketplaces in various industries are also demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.”

The co-founder of Cinnober, Nils-Robert Persson stated that this acquisition will further expand its “technology and offering to even more customers and segments.”

The deal is expected to be closed by the fourth quarter.

Previously, Nasdaq reported about its plan to launch a crypto trading platform in 2019. With Nasdaq highly... To Continue Reading Click Here

据“南华早报”周二报道，9月18日，中国商人拥有15亿美元的区块链基金，为不同的法定货币开发三种新的稳定币。

由姚永杰拥有并由着名中国比特币投资者李小来和杭州当地政府支持的Grandshores区块链基金表示，第一个稳定币项目将涉及日元。

此外，姚明计划为香港的Grandshores Technology筹集1亿港元（约合1270万美元）用于加密货币融资。他说：

    “我们认为加密货币交易商和交易所将成为这种稳定币的潜在吸引力，”

姚进一步补充说：

    “我们正在进入区块链演进的下一阶段，这个阶段类似于计算机操作系统从MS-DOS [磁盘操作系统]转移到MS-Windows的时候，”

这是在最近当局封锁外国交易所并审查与之相关的活动后对中国的加密货币进行打击之后。

继续阅读点击这里

Sagar Sarbhai, Ripple's Head of Government and Regulatory Relations for APAC and the Middle East, recently revealed some information about XRP's connection with banks at a Fintech conference.

Sarbhai referred to the matter of XRP being piloted with around 12 banks worldwide even before the xRapid product was launched. He stated:

    “In 2016 what we did was we piloted with 12 banks. These 12 banks were based across regions across the globe and they did not have prefunded relationships with each other. and what we did was we gave these banks some XRP and asked them to settle within themselves and it worked beautifully.”

At that time, XRP fitted well in cross-border payment usecase, however, a system was required for allowing the banks to utilize it due to the regulatory issues back then. Such issues were faced by the banks as per Sarbhai. He remarked:

    "[They said] we would love to adopt it but we cannot, because there are capital requirements and regulatory uncertainty. So they said that its volatile, [and that] there are no set of regulations, so we cannot hold those assets in our books.”

This led the team of Ripple to come up with an evolved product - xRapid. For driving its mass adoption, Ripple started to partner up with payment providers who showed interest in using xRapid. Sarbhai said:

    “That works because they don’t have to hold the digital asset on their books but using the piece of software called xRapid they can actually connect to a digital asset exchange, convert fiat to XRP at that time and XRP to fiat in real time on the other end and that actually happens in 3 seconds so there’s no case of volatility risk as well.”

To Continue reading https://cointopper.com/news/sagar-sarbhai-says-xrp-piloted-with-12-banks-worldwide-before-xrapid-launch

Sagar Sarbhai Says: XRP Piloted With 12 Banks Worldwide Before xRapid Launch

Sagar Sarbhai, Ripple's Head of Government and Regulatory Relations for APAC and the Middle East, recently revealed some information about XRP's connection with banks at a Fintech conference.

Sarbhai referred to the matter of XRP being piloted with around 12 banks worldwide even before the xRapid product was launched. He stated:

   “In 2016 what we did was we piloted with 12 banks. These 12 banks were based across regions across the globe and they did not have prefunded relationships with each other. and what we did was we gave these banks some XRP and asked them to settle within themselves and it worked beautifully.”

At that time, XRP fitted well in cross-border payment usecase, however, a system was required for allowing the banks to utilize it due to the regulatory issues back then. Such issues were faced by the banks as per Sarbhai. He remarked:

    "[They said] we would love to adopt it but we cannot, because there are capital requirements and regulatory uncertainty. So they said that its volatile, [and that] there are no set of regulations, so we cannot hold those assets in our books.”

This led the team of Ripple to come up with an evolved product - xRapid. For driving its mass adoption, Ripple started to partner up with payment providers who showed interest in using xRapid. Sarbhai said:

    “That works because they don’t have to hold the digital asset on their books but using the piece of software called xRapid they can actually connect to a digital asset exchange, convert fiat to XRP at that time and XRP to fiat in real time on the other end and that actually happens in 3 seconds so there’s no case of volatility risk as well.”

To Continue reading https://cointopper.com/news/sagar-sarbhai-says-xrp-piloted-with-12-banks-worldwide-before-xrapid-launch

Indian Cryptocurrency Exchange Zebpay Plans to Return All User's Money

on September 4, 2018, Zebpay - one of the leading crypto exchanges of India made an announcement about the Rupee Balances of Users stating that the exchange is overwhelmed with the extraordinary support of users since 4 years, while also expressing their responsibility towards the users.

After RBI issued a circular to stop all the crypto-trading services and the related banking transactions in India, Zebpay was forced to ask its users to withdraw their balances within a certain allowable period of time. This move highly affected the Zebpay users and the exchange as well.

The situation remains quite the same in India, as the withdrawing banking support still prevails. However, the exchange took a responsible action for its users and made an announcement to return all of its user's money. Zebpay stated:

    "We could hide behind the stalemate that has been imposed upon our industry owing to the RBI action, but we choose not to do so. Today we are announcing our intent to work with our bankers, and return all the money (Indian Rupee) that you have sent us for purposes of trading. Not doing so would make us feel like we are holding you hostage, and that is not a good feeling. When this happens, all your outstanding INR-related orders will be cancelled, and your rupees returned to your bank account."

Commenting on the Future, Zebpay is convinced that Blockchain... To continue reading click here.

Indian Cryptocurrency Exchange Zebpay Plans to Return All User's Money

on September 4, 2018, Zebpay - one of the leading crypto exchanges of India made an announcement about the Rupee Balances of Users stating that the exchange is overwhelmed with the extraordinary support of users since 4 years, while also expressing their responsibility towards the users.

After RBI issued a circular to stop all the crypto-trading services and the related banking transactions in India, Zebpay was forced to ask its users to withdraw their balances within a certain allowable period of time. This move highly affected the Zebpay users and the exchange as well.

The situation remains quite the same in India, as the withdrawing banking support still prevails. However, the exchange took a responsible action for its users and made an announcement to return all of its user's money. Zebpay stated:

    "We could hide behind the stalemate that has been imposed upon our industry owing to the RBI action, but we choose not to do so. Today we are announcing our intent to work with our bankers, and return all the money (Indian Rupee) that you have sent us for purposes of trading. Not doing so would make us feel like we are holding you hostage, and that is not a good feeling. When this happens, all your outstanding INR-related orders will be cancelled, and your rupees returned to your bank account."

Commenting on the Future, Zebpay is convinced that Blockchain... To continue reading click here.

A crypto organization in the United Arab Emirates has launched the world's First Islamic Crypto Exchange (FICE).

As revealed by Trade Arabi, UAE-based Adab Solutions has released the world's first cryptocurrency exchange that meets Sharia law. Keeping in mind the end goal to guarantee that the exchange agrees to Islamic laws, a Sharia Advisory Board (SAB) framed of independent international Sharia Experts was made.

    The project aims to “ensure an enhanced quality of assets on the exchange, as well as the enhanced inclusion of Islamic cryptocurrency enthusiasts and traders.”

Trade Arabi wrote:

   “Shariah Advisory Board (SAB) is the independent body represented by internationally recognized Shariah experts, which will provide inputs on Shariah matters in order for the FICE to comply with Shariah principles at all times. These new standards set forth by the FICE will ensure an enhanced quality of assets on the exchange, as well as an enhanced inclusion of Islamic cryptocurrency enthusiasts and traders,”

There are numerous limitations on cryptocurrencies in Islamic law. For example, the 'fractional reserve lending' system, which empowers the majority of fiat resources, is perceived as an illicit activity. Then again, digital assets, such as Bitcoin (BTC) serve as a limited supply, making it a Sharia commodity, perceived as Gold or Salt.

Back in April 2018, the media demonstrated that Mufti Muhammad Abu Bakar-an Islamic researcher in Jakarta revealed that it considers BTC a Sharia-compliant, respectively it very well may be utilized by Muslims.

The declaration is a promising one as there will be opened new ways to about 1.8 billion Muslims. As per it, FICE expects to offer a much better cryptocurrency trading platform that may soon turn into a universal solution for connecting Muslims with the cryptocurrency space. Note that FICE's administrations will be accessible to all users irrespective of religion.

ICO launching in September

Adab Solutions is intending to launch the Initial Coin Offering in September 2018. As per the UAE-based company... to continue reading Click Here

A crypto organization in the United Arab Emirates has launched the world's First Islamic Crypto Exchange (FICE).

As revealed by Trade Arabi, UAE-based Adab Solutions has released the world's first cryptocurrency exchange that meets Sharia law. Keeping in mind the end goal to guarantee that the exchange agrees to Islamic laws, a Sharia Advisory Board (SAB) framed of independent international Sharia Experts was made.

    The project aims to “ensure an enhanced quality of assets on the exchange, as well as the enhanced inclusion of Islamic cryptocurrency enthusiasts and traders.”

Trade Arabi wrote:

  “Shariah Advisory Board (SAB) is the independent body represented by internationally recognized Shariah experts, which will provide inputs on Shariah matters in order for the FICE to comply with Shariah principles at all times. These new standards set forth by the FICE will ensure an enhanced quality of assets on the exchange, as well as an enhanced inclusion of Islamic cryptocurrency enthusiasts and traders,”

There are numerous limitations on cryptocurrencies in Islamic law. For example, the 'fractional reserve lending' system, which empowers the majority of fiat resources, is perceived as an illicit activity. Then again, digital assets, such as Bitcoin (BTC) serve as a limited supply, making it a Sharia commodity, perceived as Gold or Salt.

Back in April 2018, the media demonstrated that Mufti Muhammad Abu Bakar-an Islamic researcher in Jakarta revealed that it considers BTC a Sharia-compliant, respectively it very well may be utilized by Muslims.

The declaration is a promising one as there will be opened new ways to about 1.8 billion Muslims. As per it, FICE expects to offer a much better cryptocurrency trading platform that may soon turn into a universal solution for connecting Muslims with the cryptocurrency space. Note that FICE's administrations will be accessible to all users irrespective of religion.

ICO launching in September

Adab Solutions is intending to launch the Initial Coin Offering in September 2018. As per the UAE-based company... to continue reading Click Here

Operation Cryptosweep was launched back in May 2018 with an aim to protect the investors and keep them from falling prey to fraudulent ICO schemes or other crypto-related investment products. This international task force aims to focus on the securities infringement in the crypto business which was established by the North American Securities Administrators Association (NASAA), a body formed by a joint regulatory force of the U.S., Canada, Puerto Rico, the U.S. Virgin Islands and Mexico.

In an official public statement on Tuesday, August 28, NASAA reported that Operation Cryptosweep has now "more than 200 active investigations" done by the provincial-level and state offices in the U.S. and, Canada itself. In a recent couple of months, the Operation Cryptosweep has started 47 diverse authorization activities while uncovering violations relating to securities fraud to startups deceiving the investors about their products prior to the launch.

Operation Cryptosweep has likewise gotten support and appreciation from Jay Clayton, the U.S. Securities and Exchange Commission (SEC) Chairman. The press release quoted Joseph P. Borg, NASAA President, and Alabama Securities Commission Director, saying:

    “State and provincial securities regulators are committing significant regulatory resources to protect investors from financial harm involving fraudulent ICOs and cryptocurrency-related investment products and also are raising awareness among industry participants of their regulatory responsibilities.”

He additionally included:

    “While not every ICO or cryptocurrency-related investment is a fraud, it is important for individuals and firms selling these products to be mindful that they are not doing so in a vacuum; state and provincial laws or regulations may apply, especially securities laws. Sponsors of these products should seek the advice of knowledgeable legal counsel to ensure they do not run afoul of the law. Furthermore, a strong culture of compliance should be in place before, not after, these products are marketed to investors.”

Texas' state security board has been the most effective... To continue reading Click Here

Lesson learnt!

JP Morgan CIO Lori Beer says that blockchain will "replace existing technology" in a couple of years, at a press conference in Buenos Aires as reported by Cripto247 on August 23.

    Beer expressed: “We will see a greater and wider use of blockchain [...] In a few years blockchain will replace the existing technology, today it only coexists with the current one,”

Beer disclosed to Cripto247 that JP Morgan utilizes blockchain technology to "simplify the payment process and to store customers’ information related to KYC (Know Your Customer) policy." She added that blockchain technology prevents illegal tax avoidance. Beer further clarified the utilization of blockchain technology by the bank:

    "We are currently following many paths. We invented a blockchain with an open code based on Ethereum. Actual blockchain technology has not yet resolved issues with privacy and scalability that we needed. We are connected to Hyperledger and Enterprise Ethereum Alliance. The application of this technology in business is more important to us than the technology itself. We are looking not only for cost reduction but also for opportunities to develop new products.”

Beer was also questioned regarding JP Morgan's position on purchasing cryptocurrencies... Click Here to continue reading

Singapore Stock Exchange To Use Blockchain For Securities Settlements

Singapore's primary stock exchange has declared a working partnership with the nation's central bank to build up a blockchain platform for securities' settlements.

In a declaration on Friday, the Singapore Exchange (SGX) revealed the details of the new working partnership with the Monetary Authority of Singapore (MAS) – the nation's central bank – to improve Singapore's Delivery versus Payment (DvP) limit with automation powered by blockchain smart contracts.

The project will utilize and build upon the blockchain created by the central bank's own attempt to tokenize the Singaporean dollar into a digital money, as a part of its 'Project Ubin' activity.

Ultimately, the attempt sees the target of building up a DvP mechanism that empowers organizations to transact and settle securities – tokenized digitally – across various blockchain platforms while eliminating securities risks and enhancing operational efficiency.

    The SGX stated that the joint venture "will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenized digital     currencies and securities assets, improving operational efficiency and reducing settlement risks."

SGX head of innovation and project chair Tinku Gupta expressed:

    "This initiative will deploy blockchain technology to efficiently link up funds transfer and securities transfer, eliminating both buyers’ and sellers’ risk in the DvP process."

A similar declaration by Singapore's central bank featured Stock Exchange giant Nasdaq, 'big four' accounting and services firm Deloitte and blockchain startup Anquan as the project's technology partners.

Sopnendu Mohanty, fintech boss at Singapore's national bank, was cited as expressing:

    "Blockchain technology is radically transforming how financial transactions are performed today, and the ability to transact seamlessly across blockchains will open up a world of new business opportunities"

Singapore's Central bank has already... Blockchain Technology... Click Here to continue reading.

Singapore Stock Exchange To Use Blockchain For Securities Settlements

Singapore's primary stock exchange has declared a working partnership with the nation's central bank to build up a blockchain platform for securities' settlements.

In a declaration on Friday, the Singapore Exchange (SGX) revealed the details of the new working partnership with the Monetary Authority of Singapore (MAS) – the nation's central bank – to improve Singapore's Delivery versus Payment (DvP) limit with automation powered by blockchain smart contracts.

The project will utilize and build upon the blockchain created by the central bank's own attempt to tokenize the Singaporean dollar into a digital money, as a part of its 'Project Ubin' activity.

Ultimately, the attempt sees the target of building up a DvP mechanism that empowers organizations to transact and settle securities – tokenized digitally – across various blockchain platforms while eliminating securities risks and enhancing operational efficiency.

    The SGX stated that the joint venture "will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenized digital     currencies and securities assets, improving operational efficiency and reducing settlement risks."

SGX head of innovation and project chair Tinku Gupta expressed:

    "This initiative will deploy blockchain technology to efficiently link up funds transfer and securities transfer, eliminating both buyers’ and sellers’ risk in the DvP process."

A similar declaration by Singapore's central bank featured Stock Exchange giant Nasdaq, 'big four' accounting and services firm Deloitte and blockchain startup Anquan as the project's technology partners.

Sopnendu Mohanty, fintech boss at Singapore's national bank, was cited as expressing:

    "Blockchain technology is radically transforming how financial transactions are performed today, and the ability to transact seamlessly across blockchains will open up a world of new business opportunities"

Singapore's Central bank has already... Blockchain Technology... Click Here to continue reading.