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Binance, the world’s leading cryptocurrency exchange by volume, has partnered with Liechtenstein Cryptoassets Exchange (LCX) to create and launch a cryptocurrency trading platform that allows users to trade directly against fiat currencies such as the euro. The Malta company announced Binance LCX as the forefront of their trading operations in the Central European economy. This
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Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.S. dollars per coin,” according to an official press release, and held in an account with Nevada-based Prime Trust, the same trust company that banks for the stablecoin TrueUSD.
The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company — bar Coinbase and Gemini — can claim. Founded in 1933 in the throes of the Great Depression, the FDIC is a federal agency that provides deposit insurance for clients at commercial banks and savings institutions, covering amounts up to $ 250,000.
Famed DAG project IOTA has inked a deal with Den Norske Bank (DNB) to explore potential use cases for the company’s Tangle technology. Wilfried Pimenta, IOTA Foundation’s Business Development Head, announced the partnership in a post on the company’s blog. DNB is the largest bank in Norway and ranks as one of the most prominent financial institutions in the Nordic region.
Den Norske Bank is no Stranger to DLT and Blockchain Technology
DNB is no stranger to the world of decentralized ledger technology. Before partnering with IOTA, the bank previously engaged in numerous collaborative efforts with a slew of blockchain-based firms including R3, Hyperledger, EOS, and Ethereum. Speaking on the MoU (memorandum of understanding) with IOTA, Lasse Meholm, the Head of the DLT division at the bank, said:
International insurance broker Marsh is working with IBM to develop a commercial blockchain solution that will allow businesses to certify that the contractor they are about to hire has the proper, up-to-date insurance coverage necessary to begin work.
The solution will be built on Hyperledger Fabric, an open-source permissioned blockchain framework, using IBM Blockchain Platform, a cloud-based blockchain application development solution, Marsh said in a statement yesterday, April 16, 2018.
Insurance standards organization ACORD will provide input on the project, and Dallas-based ISN Software Corporation, which supplies contractor and supplier management services, will be the first client to use the new solution.
Fintech company Bankorus has announced its participation in the founding cohort of AI Catapult, the new blockchain and AI accelerator launched by the AI Platform and Research Division of Chinese retailer JD.com.
With more than 266 million customers and millions of brands from around the world on its platforms, JD.com uses drones, robotics and automation technology as well as smart supply chain, marketing and customer service applications. AI Catapult will give participating start-ups the opportunity to co-operate extensively with business units throughout JD.com’s retail business, providing real-world, large-scale applications for the AI and blockchain research and development.