Day: 19 June 2019

Facebook’s Cryptocurrency: Standing on the Shoulders of Dwarfs

“We are like dwarfs sitting on the shoulders of giants. We see more, and things that are more distant, than they did, not because our sight is superior or because we are taller than they, but because they raise us up, and by their great stature add to ours” The above quote is widely attributed […]

Digital Asset Redemption to Use Zero Hash for Settlement

Zero Hash, Seed CX’s digital asset and fiat currency custodian subsidiary, has announced that Digital Asset Redemption (DAR) has agreed to utilise its settlement service for short-term digital asset loans. DAR is a Chicago-based company that works with insurance companies, cybersecurity firms, and incident response teams across the globe to facilitate resolution to ransomware attacks. […]

Bank of China Becomes SwapClear Member

Bank of China (UK) Limited, the firm’s UK entity, has joined LCH’s SwapClear service as its first clearing member from a Chinese banking group thus gaining access to clearing of interest rate derivatives. The bank will also act as a clearing broker, offering clearing services to its client base. In 2015, Bank of China became […]