Swedish Central Bank Announces E-Krona Pilot Project
Dec13

Swedish Central Bank Announces E-Krona Pilot Project

Sweden’s central bank, the Riksbank, first announced its interest in launching a national digital currency a little more than three years ago. At the time, the public expressed little interest in the idea. According to Reuters, however, the bank has apparently maintained its interest in the initiative and today announced plans for a digital currency pilot project.

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Reuters: Dutch Bank ING Reportedly Developing Digital Asset Custody Technology
Dec12

Reuters: Dutch Bank ING Reportedly Developing Digital Asset Custody Technology

The Reuters news agency reported this week that Dutch bank ING is developing asset custody technology that could be used to help customers securely store various types of digital assets. The report relied on unnamed sources “familiar with the matter” who said that the project is in an early stage and is but one of ING’s ongoing blockchain initiatives.

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Feds Charge Five Men for Illicit $722 Million Cryptocurrency Scheme
Dec11

Feds Charge Five Men for Illicit $722 Million Cryptocurrency Scheme

On Tuesday, U.S. prosecutors brought charges against five men who engaged in a cryptocurrency Ponzi scheme to defraud investors of $722 million, NBC News reports. The allegations were presented in a 27-page indictment in a Newark, New Jersey U.S. District Court.

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Japan’s KEPCO Extends Power Ledger Blockchain Trial
Dec10

Japan’s KEPCO Extends Power Ledger Blockchain Trial

Japan’s Kansai Electric Power Company (KEPCO) has extended its agreement with Australia’s Power Ledger blockchain firm, in an expansion of an existing trial program for peer-to-peer surplus energy trading. The trial program relies on a Power Ledger-designed blockchain platform for trading renewable energy, creating and tracking renewable energy certificates, or RECs.

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Hainan Province to Invest 1 Billion Yuan in Blockchain Industry
Dec08

Hainan Province to Invest 1 Billion Yuan in Blockchain Industry

China’s Hainan Province announced a new series of economic measures that include investing 1 billion yuan to promote blockchain industry development, according to a report from state-run media outlet Xinhua. The announcement was made in a press conference in the Hainan capital, Haikou on Wednesday.

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