The Malaysian Palm Oil Council and BloomBloc have developed a blockchain-based app that enables users to trace palm oil throughout the entire supply chain. The Malaysian Palm Oil Council (MPOC) and blockchain startup BloomBloc have developed a blockchain app that enables users to trace palm oil throughout the entire supply chain. Following a successful test,…
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Big Four audit firm Ernst & Young’s Japanese branch is launching a blockchain for tracing the supply chain and authenticity of sake and fruit. EY Japan, the Japanese branch of global accountancy firm Ernst & Young, has announced plans to launch a blockchain system for tracking Japanese sake and fruit and preventing the sale of…
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The crypto community continues to help fight the coronavirus, with Binance Charity donating new batches of medical supplies to medical institutions. The crypto community continues to help fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease control command centers. On March 9, Binance Charity announced the completion…
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RippleNet has enhanced its network with several new partnerships in Asia aiming to improve remittances in the region. A group of South Korean money transfer and remittance companies has joined Ripple’s blockchain-based financial services network RippleNet to bolster the remittance market in the country. In a Feb. 25 announcement, Ripple revealed that South Korea-based money…
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Chinese authorities have postponed research on the digital yuan as the coronavirus continues to spread globally. Research on a central bank digital currency (CBDC) in China has been delayed as the coronavirus epidemic continues. Global Times reported on Feb. 25 that the epidemic’s impact on staff has resulted in significant setbacks. A source familiar with…
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Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees. Binance, one of the world’s foremost cryptocurrency exchanges, now allows deposits in Hong Kong dollars. According to a Feb. 21 announcement, Binance now offers both deposits and withdrawals in Hong Kong dollars without deposit fees. After depositing Hong Kong dollars, users…
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Fidelity International, a spin-off of the U.S. asset management giant, made a direct investment into Hong Kong-based digital asset platform operator BC Group. Fidelity International has acquired a stake in BC Group, the operator of OSL, one of Asia’s largest digital asset platforms for institutions. The company purchased 17 million shares for a 5.6% ownership…
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Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector. Last week, a report claimed that cryptocurrency-based illegal gambling has surged in many parts of Asia owing to the rise of this novel asset class in recent years. In this regard, the…
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Amid the coronavirus epidemic, China has turned to blockchain tech to manage medical data, track supply of virus prevention materials and consult the public. Amid the ongoing coronavirus epidemic, China has turned to blockchain technology to manage medical data, track supply of virus prevention materials and consult the public. For the first two weeks of…
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Cryptocurrency has purportedly helped to increase illegal gambling activity on soccer across the Asian continent. Cryptocurrencies are making gambling on the world’s most popular sport easier, sports authorities suggest. Asian soccer has seen a sharp decline in match-fixing over the last six years, according to the Asian Football Confederation (AFC) in a Reuters article dated…
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