Chinese President Xi Jinping - We must take the blockchain as an important breakthrough for independent innovation of core technologies. For the fourth time in the history of bitcoin, we have all seen a 42% price increase and the first time since 2011. Many speculations were going around for the reason of sudden massive upward move by Bitcoin. One of the main reason came from China, when Chinese President Xi Jinping Speaking as part of the 18th collective study of the Politic

Customers will be able to save USD4 million for every USD1 billion Indian IT giant, Tech Mahindra partnered with American blockchain company Adjoint to launch industry's first blockchain solution for secure enterprise financial management and insurance solution. According to the news published by Moneycontrol on Aug. 30 that it will create a seamless and reliable customer experience. With these solutions, customers will be able to save USD4 million for every USD1 billion of

The first birth certificates were registered using the blockchain technology in Brazil on 1 September 2019. According to the report published by Cointelegraph Brasil, delvaro de Medeiros Mendonça is one of the first children in the country to have his birth certificate registered on the blockchain without the need for a registry office. IBM set the path for the country's first blockchain-driven birth certificate, persuading parents of their child to participate in a serious

The Swiss financial regulator FINMA has given banking and securities dealer licences to two new “crypto banks” SEBA and Sygnum. SEBA and Sygnum issued a statement today on 26 Aug. 2019. According to SEBA: The licence is granted on a conditional basis and will come into effect once SEBA fulfils all the secondary criteria specified by FINMA. SEBA expects to be operational in October 2019 after these criteria are met. And according to the official announcement by Sygnum: Sygnum

Reliance Industries Ltd (RIL) 42nd annual general meeting (AGM) At its 42nd annual general meeting (AGM), Reliance Industries Ltd (RIL) chairman and managing director Mukesh Ambani today announced that Reliance Jio will install one of the largest blockchain networks in the world in India over the next 12 months with tens of thousands of nodes operational on day one. Jio is setting up a pan-India Edge Computing and Content Distribution network starting with tens of thousands o

#Blockchain #Bitcoin #RBI #Cryptocurrency #BitcoinRegulations Indian central bank, The Reserve Bank of India (RBI) formed up a fintech sandbox that may include blockchain companies and startups, but no entry to cryptocurrency related projects. On Thursday, The Reserve Bank of India published its draft framework after almost three years for a regulatory sandbox. It was first formed a working group to look into fintech solutions in July 2016. As per the draft published by RBI,