Ex-Softbank executive Zurab Ashvil has launched L3COS, a three-layer blockchain for individual national governments. The top layer will be for governments, the second for business, and third for individuals. The governments will control the other two layers, including the issuance of digital assets. Each layer will have a separate consensus mechanism. L3COS mirrors the Continue Reading
Pirelli has unveiled a smart tire called the Cyber Tyre, which can communicate with a 5G network, and pass on real-time information about the road conditions to both the car driver as well as the network. The car driver can take remedial action as per the data received. The 5G network will pass on the […]Continue Reading
Indonesian multi-finance company Indosurya Inti Finance today announced that it has managed to raise 50 million Euros worth of funding credit facilities. The money has been raised from two globally renowned institutions; the Netherlands-based FMO and Proparco, From France. However, the important bit about the development is that the money is going to be used […]Continue Reading
Supply chain marketplaces and payments company Tradeshift has moved on to new premises in downtown Bucharest. The move to larger premises signals the company’s continued expansion in Romania. The new office of the company is located in the Tower Center, which is regarded as one of the most highly sought after locations in Bucharest for […]Continue Reading
Karatbars, a German Cryptocurrency firm that sells “Cryptonized gold” tokens, has been ordered to stop operations by German government banking regulator BaFin, over allegations that it was running a pyramid scheme. BaFin issued a cease-and-desist order to Karatrbars parent firm Karatbit Foundation, which is registered in Belize. BaFin also asked the firm to settle all […]Continue Reading
Canadian software developer and application service provider Global Trade Corporation (GTC) announced today that it is in the process of developing the Trade Finance Exchange (TFX) Platform to simplify trade. As everyone knows, global trade can be made far more efficient if the basic functions are performed more speedily, and that is what the platform […]Continue Reading
The cannabis industry has gone through a lot of troubles over the years and that is natural, considering the fact that it is a relatively new industry. In a new development, it has emerged that California based cannabis firm Harborside has announced that it has reached a breakthrough with the US Tax Court with regards […]Continue Reading
China is impulsively following the footsteps of the United Nations and trying to prop up a flagging central financial system. It has started manipulating its cash into the market with an aim to prevent the fall in the interest rates. Following this strategy, the People’s Bank of China has already injected around 200 billion Yuan […]Continue Reading
Industry veteran Patricia Sutter has been appointed as the new head of the Wells Fargo Corporate Trust Services on October 15. She replaces Troy Kilpatrick, who was presiding the position since 2014. Troy Kilpatrick has now taken charge of the Risk transformation work for the company. She will work in the Chicago office and will […]Continue Reading
In a recent development, a cannabis farmer Cuong Nguyen grabbed the attention of one and all because of his revelations during an interview. 41-year old Cuong was one of the thousands of Vietnamese migrants who barged into the United Kingdom territory illegally with a motive to earn quick money from a country that is notoriously […]Continue Reading