According to Bloomberg, German automaker BMW AG has started using a blockchain-based system to automate some foreign exchange transactions, as companies increasingly look to leverage the technology behind cryptocurrencies to accelerate and streamline the multi-billion-dollar cross-border transfer process. The company uses JPMorgan Chase & Co.'s Kinexys platform, which automatically transfers euros from BMW's New York dollar account when the balance falls below a set threshold.
According to Bloomberg, industrial giant Siemens Group and digital asset market maker B2C2 have started using JPMorgan Chase's blockchain-based foreign exchange payment platform. According to reports, the service enables businesses to conduct cross-border foreign exchange transactions in dollars, pounds, and euros around the clock, enabling near-instant settlement. In contrast, corporate foreign exchange transfers using traditional channels are primarily served on weekdays, and it can take days ...
US Defense Secretary: The US military carried out a strike against a "drug trafficking ship" in the area of the US Southern Command.
Federal Reserve Governor Paul Waller will speak at the Wyoming Blockchain Symposium in ten minutes.
Tabit Insurance, a bitcoin-backed global (re) insurance company founded by former Bittrex executives, today announced it has joined the Texas Blockchain Council ("TBC"), an industry association dedicated to driving blockchain innovation and policy development in Texas. Tabit will partner with TBC to provide investors in the region with knowledge of the intersection of digital assets and insurance, as well as how BTC holders can gain regulated benefits through insurance structures.
Clearing firm Marex announced that it has integrated with JPMorgan's blockchain settlement system Kinexys Digital Payments through a partnership with Brevan Howard Digital, with the aim of modernizing payment infrastructure and reducing settlement risk by leveraging programmable, always-on digital ledger technology.
According to Bilal Bin Saqib, Pakistan's Minister of State for Cryptocurrency and Blockchain Affairs, Pakistan's demographics make it a major catalyst for the popularity of bitcoin, which is expected to allow the country to "leapfrog development" beyond developed countries. "Global policy has shifted, not just in Pakistan but around the world," Bin Saqib said in an interview. The Pakistani government began regulating cryptocurrencies in November 2024. The country has 40 million crypto wallets an...
Euro-Mediterranean Seismological Center: A magnitude 6.2 earthquake struck Minahasa County, Sulawesi Province, Indonesia.
On February 20 local time, U.S. District Judge Christopher Cooper of the Federal Court in Washington, D.C., ruled that the Trump administration can continue to lay off federal government employees on a large scale for now, rejecting the union's request to prevent Trump from making deep cuts 2.30 million federal employees. It is reported that the ruling on that day is temporary, and the lawsuit is still ongoing. Previously, the US Treasury employees union and four other unions filed a lawsuit las...
Binance will remove the DOGS/BRL, FET/BRL, NEIRO/BRL, NEIRO/EUR, NOT/EUR spot trading pairs and cease trading at 11:00 EST on February 21, 2025.