The head of the international department of the China Banking and Insurance Regulatory Commission has warned against “mythologizing” blockchain technology, news outlet South China Morning Post reported July 9. Speaking at the 5th Fintech Bund Summit in Shanghai on July 8, Fan Wenzhong argued that although blockchain is “an innovation with significant meaning,” it is a disservice to “mythologize” the …

The Technopark Skolkovo, Moscow, hosted the opening of the Russian Blockchain Week 2018 conference, which was attended by more than 70 experts. The organizer of the event was the Russian Fintech Association. The blockchain projects developing company Crypton Studio also took part in the conference and presented the program of training “Blockchain – programming”, conducted on the basis of the …

Swiss airport ground handling and cargo company Swissport is launching a blockchain pilot program for its cargo handling business, Air Cargo News reported May 29. The company is launching a pilot program in cooperation with Olam, a non-profit organization aiming to develop an open source platform for supply chain partners. Hendrik Leyssens, head of global cargo operations at Swissport, said …

At the 2018 Boao Asia Blockchain Conference held in China on May 28, organizers have drawn a round of criticism on social media by arranging a performance of a Mao Zedong impersonator, Reuters reported May 28. During the conference, an actor dressed in a grey Mao suit gave a speech in the style of the Chairman, wishing success to the …

The city-state of Singapore is one of the most famous and progressive world’s blockchain centers. A large number of diverse companies choose this country to launch their ICO projects. The Crypton Studio team also considered the opportunity to present the DAO PlayMarket 2.0 project and in February 2018 went to Singapore. Crypton Studio had the following tasks: – to present …

VeChain, a Shanghai-based blockchain startup, is testing a blockchain application to verify of the wine supply chain and fight counterfeits, South China Morning Post reported May 24. The Chinese wine industry is worth $2.8 bln, but according to the South China Morning Post, aphorisms such as “the Chinese gulp down more ‘French’ wines than France makes” and “at least half …

German bank Commerzbank and steel company Thyssenkrupp have completed a €500,000 pilot transaction of a forex (FX) forward on a blockchain, reported Cointelegraph auf Deutsch May 24. The EUR/PLN forward deal worth €500,000 with a one month tenor was initiated by Thyssenkrupp on the Commerzbank’s FX Live Trader platform on Wednesday. The transaction was then confirmed directly through Corda, a …

IBM CEO Virginia Rometty has announced that in the next two years the company is planning to create 1,800 jobs in France in the fields of Artificial Intelligence (AI), blockchain, and the Internet of Things (IoT), Le Monde reported May 23. The announcement was made at the Tech for Good summit in Paris, which was hosted by the President of …

On May 21, blockchain startup ShipChain was issued a cease-and-desist order from the South Carolina Attorney General’s Office for violating the state’s securities statutes. According the official notice, the company continuously offered investment opportunities to residents of South Carolina on its platform through its corresponding tokens, both on its website and at in-person events in South Carolina. ShipChain was allegedly …

Spain’s financial regulator has clarified its position on regulated investment funds investing directly in cryptocurrencies. These type of funds are legal under Law 22/2014, and investments can be made through three types of legal entities. Funds Directly Investing in Cryptocurrencies Spain’s National Securities Market Commission (CNMV – Comisión Nacional del Mercado de Valores) recently clarified its position on registered funds …