Monthly Archives: April 2020

Top 50 Canadian Co-op Streamlines Supply Chain with Blockchain Tech

One of Canada’s top 50 companies is embracing blockchain technology to streamline its complex supply chain.

Federated Co-operatives Limited, or FCL, one of Canada’s 50-largest companies, has partnered with blockchain-based supply chain middleware platform, Morpheus.Network.

FCL plans to integrate distributed ledger technology, or DLT, based tracking. This will be deployed across its diverse supply chain, encompassing …

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Bryan Cook Wins Virtual NASCAR Race in a ‘Bitcoin Car’

Recently, one Bitcoin fan won a virtual NASCAR race — featuring the current NASCAR Cup Series Drivers’ Champion Kyle Busch — in a white and orange car that was covered with the Bitcoin logo.

The NASCAR Cup Series is the top racing series of the National Association for Stock Car Auto Racing (NASCAR). Kyle Busch …

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McDonald’s and Starbucks Testing New Central Bank Currency As China Prepares to Launch Digital Economy

The People’s Bank of China (PBOC) is taking the trial phase of its digital yuan to the next level after enlisting the support of American retail giants McDonald’s and Starbucks.

The testing program for the country’s sovereign digital currency and platform, known as the digital currency/electronic payment, DC/EP, also includes sandwich chain Subway along with …

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Netherlands central bank supports a digital Euro

With central banks all over the world considering digital currency implementations, the Netherlands central bank, De Nederlandsche Bank (DNB), has released a central bank digital currency report.

The Central Bank of Netherlands, De Nederlandsche Bank (DNB), has released a statement outlining its position on a possible central bank digital currency (CBDC).

In the statement, the bank …

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Institutional Investors Pour $498,900,000 Into Bitcoin (BTC) and Ethereum (ETH) As Crypto Fund Executive Declares ‘Cats Out of the Bag’

New numbers from the digital asset management giant Grayscale show investors are collectively throwing big money into Ethereum for the first time, on top of record investment numbers for Bitcoin.

According to Grayscale’s Q1 2020 report, institutions are taking a serious interest in ETH, enough to print a record quarterly inflow into the Grayscale Ethereum …

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Central Banks Recommended to Ban Stablecoins

Central banks push for heavy-duty regulation of centralized, privately-issued global stablecoins and consider prohibiting decentralized ones. Fiat-pegged cryptocurrencies are coming under scrutiny, based on recommendations from the Financial Stability Board.
Key Takeaways
The Financial Stability Board (FSB) outlined ten recommendations to central banks for regulating stablecoins, including outright prohibition.
The FSB is an international entity that provides …

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$8 Trillion Asset Giant Fidelity Expanding Bitcoin (BTC) and Crypto Trading

Institutional investors at Fidelity Digital Assets can now trade Bitcoin on the US-based exchange ErisX.

Through a strategic partnership designed to increase cryptocurrency exposure for big players, Fidelity’s “stable of vetted institutional investors” will have increased access to Bitcoin liquidity, according to a press release from ErisX.

Says Thomas Chippas, CEO of ErisX,

“Our time-tested and proven …

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