On Jan. 3 Spain-based CaixaBank added the blockchain-powered finance platform We.trade to its list of services. CaixaBank has now become one of the first banks in Europe to provide its customers access to blockchain technology.
Launched in 2017, We.trade is a finance platform powered by IBM’s blockchain technology. It was developed by a consortium of 15 financial institutions from around Europe, like UBS and Societe Generale, and it works to provide businesses with a digital, trustless platform for verifying financial information. We.trade’s open API architecture lets it track and trace goods shipped by any of the 400 logistics companies throughout Europe who are also using the platform.
We.trade uses blockchain to facilitate the transaction process for suppliers and buyers on a single, shared platform. We.trade generates smart contracts that link the trading operation with the financing or payment that prevents any default risk for companies, which can increase business globalization.
While CaixaBank joined the We.trade consortium in Oct. 2018, the leading Spanish bank is giving its 15.8 million customers access to We.trade for purposes of making the world’s transactions more traceable and secure.
In the company’s latest press release, CaixaBank explains:
“Specifically, the solution provides real-time monitoring of transactions, which increases transparency throughout the process. Since it is a platform which can only be accessed by customers who are verified and authenticated by the member banks, the security and trust element of the transactions is very high.”
IBM also points out in a company blog post that the banks part of the We.trade network are working to solve a specific problem, which is to grant small- and medium-sized businesses access to trade financing. This will let these companies grow their businesses, expanding into new markets and forging new trading partnerships.
IBM notes that We.trade is compliant with the requirements of each bank’s country, as well as the European Union. We.trade also operates within the context of complex global regulatory requirements including the EU General Data Protection Regulation (GDPR), and within the individual requirements of each of the member banks.
This is a reprinted article
May 12, 2020 at 09:10 // News As the world shifts from one generation of technology to another, the applicability of blockchain technology only becomes more clearly revealed. The recent advent of 5G technology shows a perfect match with blockchain. When cryptocurrency and blockchain technology launched in 2009, no one ever imagined the application of the technology beyond the realms of digital currency, but that has totally changed. From medical to legal and to air travel, the application of blockchain technology is expanding at an unprecedented rate. Blockchain and 5G internet A 2017 report titled “Blockchains in Mobile Networks” said the technology allows seamless provisioning between unrelated access nodes and devices through smart contracts, and such technology could cut down costs and increase the competitiveness of companies. If successfully applied, blockchain technology can significantly improve the next generation of internet connections, thus, allowing for decentralized ownership and investment in cellular towers. This will make it possible to crowdsource money for building up blockchain-based 5G infrastructure. Another prominent advantage of blockchain implementation for building 5G networks is its potential for international…May 12, 2020
Gold’s price peaked at $1,567.50/oz. on Thursday, putting it on track for the highest settlement in two weeks. A technical strategist believes bullion could make a fast move towards $1,700 in the near future. The same analyst predicts a large pullback for the S&P 500 – a move that would benefit gold and other haven assets. The price of gold moved back above $1,560 on Thursday, setting the stage for a bigger move north as overvalued equities brace for correction following months of relentless gains. Gold Pushes Higher Bullion rallied throughout the session on Thursday after flat-lining for much of the week. February gold futures jumped nearly $10 to $1,567.50 a troy ounce on the Comex division of the New York Mercantile Exchange. The yellow metal was last up $5.50, or 0.4%, to $1,562.20 an ounce. February gold futures rose on Thursday. The yellow metal is up more than $120 from its mid-November bottom. | Chart: barchart.com Silver futures rose by as much as 8 cents before correcting lower. The February contract was last spotted at $17.81 an ounce, having…Jan 24, 2020
Unstoppable domains, the application offering Ehtereum blockchain domains are getting hugely popular. This is the second app after CryptoKitties that is seeing viral activity on the network with people snapping up .crypto registry domains. As blockchain goes mainstream, the demand for blockchain domains is rising exponentially. Unstoppable Domains offers domain registry building services to the users. More than thirty thousand (30K) .crypto transactions have been recorded within a day of the launch. Demand for Ethereum blockchain domains will increase further Unstoppable Domains, with headquarters in San Francisco, has started offering blockchain domain registries. And suddenly everybody wants one! The biggest advantage of a blockchain-based domain registry means that websites hosted on such domains are free from censors or unnecessary blocking by government authorities. The wallet address of a user’s digital assets can be linked to the domain name, which will ultimately boost the security as well as transparency. Also, this does away with the need for text strings and immensely simplifies cryptocurrency payments. Brad Kim, the founder dApp Unstoppable Domains, says that these domains are super easy to use. Earlier…Dec 22, 2019
There’s Been a Spike in People Dying at Home in Several Cities. That Suggests Coronavirus Deaths Are Higher Than Reported. |
by Jack Gillum, Lisa Song and Jeff Kao ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. In recent weeks, residents outside Boston have died at home much more often than usual. In Detroit, authorities are responding to nearly four times the number of reports of dead bodies. And in New York, city officials are recording more than 200 home deaths per day — a nearly sixfold increase from recent years. As of Tuesday afternoon, the United States had logged more than 592,000 cases of COVID-19 and more than 24,000 deaths, the most in the world, according to the Center for Systems Science and Engineering at Johns Hopkins University. But the official COVID-19 death count may, at least for now, be missing fatalities that are occurring outside of hospitals, data and interviews show. Cities are increasingly showing signs of Americans succumbing to the coronavirus in their own beds. ProPublica requested death data from several major metropolitan areas. Its review provides an early look at the pandemic’s hidden…Apr 16, 2020
by Jessica Huseman ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. In each of the past seven years, Massachusetts Secretary of State William Galvin has sought authority to revamp or reschedule elections in case of emergency. Every time, the legislature has blocked him. These rebuffs had repercussions in Westborough, a Boston suburb that was set to hold its town election last month. As COVID-19 cases rose across the state, the governor shut down gatherings of more than 25 people two days before ballots were to be cast, making it illegal for voters to congregate at the local polling place, a senior center, on election day, March 17. Yet neither Galvin’s office nor the local elections administrator, Town Clerk Wendy Mickel, had the power to reschedule the election. On March 16, town selectmen voted to postpone the election. But Westborough, which has 20,000 residents, needed an order from either a court or the governor. After waiting in vain for the governor’s signature, Mickel located a judge, who…Apr 6, 2020
Blockchain analysis firms continue to gain more attention. In the case of Chainalysis, the company will now collaborate with Bitfinex to keep criminals at bay. It is crucial for any cryptocurrency exchange to ensure no illicit money streams pass through its order books. Chainalysis Tool Helps out Bitfinex That is often easier said than done, unless one has proper countermeasures in place. Bitfinex is seemingly stepping up its game in this particular department. The company has begun integrating a new compliance tool developed by blockchain analysis outfit Chainalysis. This tool is known as Know Your Transaction, and is designed to detect any and all suspicious transactions in real-time. It is not the first major cryptocurrency exchange to integrate this particular tool. Both Bittrex and Binance took very similar measures earlier this year. It has become more than apparent that cryptocurrency exchanges need to step up their compliance measures. Identifying illicit money streams and ensuring they cannot be utilized in any way is crucial to bring more legitimacy to cryptocurrency. The big question is how users will respond to having their…Dec 14, 2019
Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high of 41.42% on Feb. 18. The premium is usually accentuated when prices are high. The GBTC-BTC premium has dropped by over 30% since February this year, following Grayscale’s registration as a reporting company with the United States Securities and Exchange Commission as well as another private placement of its shares in February. The Bitcoin price (BTC) is currently sitting at $7,058, having rallied by 21% in the last month. Although a pullback is still possible, Bitcoin price has recovered from the March 13 crash, and the reduced premium between GBTC and BTC is yet another bearish sign for Bitcoin as market sentiment continues to point toward extreme fear among investors. GBTC Premium or Discount to NAV. Source: YCharts Low institutional appetite? The falling premium between GBTC and the Bitcoin price…Apr 18, 2020
Bitcoin (BTC/USD) gave back some gains early in today’s Asian session as the pair fell to the 8742.16 area after trading as high as the 8800.00 level during yesterday’s North American session. The pair had recently been orbiting the 8300.99 level, representing the 38.2% retracement of the appreciation from the 6854.67 level to the 9194.99 area. Some bids have recently emerged not too far below the 8253.16 level, representing the 61.8% retracement of the 7671.00 – 9194.99 range. Chartists have been paying close attention to a bearish convergence of the 100-bar MA (4-hourly) and the 50-bar MA (4-hourly) since BTC/USD dropped back below the 8800 area. The pair depreciated from the 8500 area late last week and traded very technically during the pullback and subsequent retracement higher. Stops were elected below the 8309.19 area during the downturn, an exhaustion point related to a short-term trading pattern. Traders later lifted the pair back to just above the 8404.60 area, representing a 50% retracement of a projected downside range from the 8500 area. After that technically-significant level was reached, the market came…Jan 28, 2020
Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Bitcoin [BTC] eminent pull-back seems to have finally occurred and the whales seems to have timed a large shake-shout of long orders. The Price Action (PA) logs one of the longest spinning tops on the daily with the high at $9,188 and low at $8,480. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BTC/USD 1-Day Chart on Bitstamp (TradingView) As reported earlier this morning, the break above the 200-DMA was a strong positive signal. However, the long orders seems to have been squeezed by the whales with a strong rejection. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte BitMEX Liquidations Datamish reports over $110 million shorts liquidation in the last six hours. Moreover, the shorts liquidated with the break above $9,180 were only about $20 million in size. Now, price seems to have found support above the 50-Period moving average on the 4-hour chart. Hence, the…Jan 20, 2020
The housing market is basking in a deluge of positive data. There’s still one statistic that could spell trouble for the recovery in residential real estate. If this trend doesn’t reverse soon, resilient demand alone might not be enough to support home prices. There’s no shortage of optimism in the U.S. housing market today. Home prices are up, new home sales shattered estimates, and mortgage rates are still holding near record lows. But there’s one statistic the housing market bulls don’t want you to see: two out of three. The Mortgage Industry Is Locking a Surprising Number of Homebuyers Out New home sales smashed estimates today, but there’s another statistic that bulls don’t want you to see. | Source: AP Photo/LM Otero That’s the Urban Institute’s estimate of how many mortgage loans underwritten in 2019 would be denied by at least one major lender today. Michael Neal, a senior research associate at the think tank, told the Wall Street Journal that banks tightened their mortgage lending standards in the aftermath of the financial crisis and kept them tight throughout the…May 27, 2020