Written by Daniel Mitchell on DAEX.com. We got the opportunity to speak to the CEO and Founder of Utrust (blockchain payments network) Nuno Correia about the company’s recent activities, partnerships, and operating ethos / methodology. Utrust recently partnered with Alternative Airlines – resulting in the addition of instant crypto-to-fiat conversions when it comes to the booking of flights. In recent reports the company is said to have enjoyed a 92% YOY increase in growth throughout 2019, compared to 2018. This means that consumers are now able to use cryptocurrency as a means of payment for ..read more

Written by Daniel Mitchell on DAEX.com. The ‘Better Business Bureau’ (BBB) is a non-profit organisation focused towards creating an “ethical” marketplace in North America, has published a report this month called ‘New Risks and Emerging Technologies 2019: BBB Scam Tracker Risk Report’. As the title would suggest, this report was compiled using user data submitted via the ‘BBB Scam Tracker’, a service which enables anybody who visits the website to submit reports to the BBB concerning suspected cases of “scamming” operations. The scams can be divided between those in which investment into the c ..read more

Written by Daniel Mitchell on DAEX.com. Official government representatives from Beijing, China have announced that the city will be implementing a new blockchain-based digital invoices system, starting with the decision to launch a pilot application for what it has named ‘blockchain standard invoices in Beijing’. This statement was made by the Beijing Municipal Tax Service (a part of the State Taxation Administration), and boasts that this will result in reduced operating costs for tax-paying businesses. It is also claimed that this will lead to a greater security of ‘social resources’, and w ..read more

Written by Joseph Stone on DAEX.com. In a ‘Specially Designated Nationals List Update​’, published online via it’s resource centre on March 2, 2019, the Office of Foreign Assets Control (a division of the U.S. Department of the Treasury) revealed that two new individuals had been added to its so-called ‘SDN’ list. This update specifically refers to two Chinese nationals residing in China, linking them and 20 different Bitcoin addresses to recent attacks against cryptocurrency exchanges believed to have occurred as part of the infamous Lazarus Group. The identities of Li, Jiadong (Chines ..read more

Written by Joseph Stone on DAEX.com. Argentina’s central government has announced that it intends on suspending new business registrations for a period of 180 days whilst it replaces its existing blockchain based system, with one which exclusively uses paper-based records. The national ‘Companies for Simplified Shares’ office (known locally as ‘SAS’, the acronym of its official Spanish name) will not be accepting new submissions until this period of transition is complete. This news was revealed in an interview with Ricardo Nissen, which appeared in local publication ‘La Nacion’ in late Fe ..read more

Written by Daniel Mitchell on DAEX.com. In a press release published on March 4, 2020 via Cision, EY announced that it had partnered with Microsoft and ConsenSys to launch a new blockchain-based service offering: with its new ‘Baseline Protocol’. Baseline Protocol is a curated collection of public domain blockchain tools which targets enterprise users. The purpose of the Baseline Protocol is to help enable enterprises to “build and deploy procurement and other business processes securely and privately on the public Ethereum blockchain”. “Over the last two years, EY has been advancing t ..read more

Written by Joseph Stone on DAEX.com. South Korean tech giant Samsung has released some of the first official, public-facing marketing materials for its forthcoming Galaxy S20 line in its ‘Galaxy’ range of mobile devices. The S20 trio are successors to the S10 line (the S10e, S10 and S10+), which were released during the 10th anniversary of Samsung’s ‘Galaxy’ range A remarkable feature of the S10 phones was the inclusion of integrated support for digital assets and blockchain technology, with a pre-installed cold-storage (hardware) cryptocurrency wallet. Good news is that the wallet is ..read more

Written by Joseph Stone on DAEX.com. B2B e-commerce platform Shopify has become the latest business to join Facebook’s Libra Association, joining the likes of Tagomi which also became a member of the organisation in 2020. According to the announcement, which was published on the official Shopify blog, the company believes that joining the association falls in line with various components of the company’s mission and core values, such as to help. “make commerce better in parts of the world where money and banking could be far better… [and this is] not the only step we’ll be taking to be ..read more

Written by Daniel Mitchell on DAEX.com. Following the success of various so-called ‘challenger banks’ which have arisen in the United Kingdom, multinational investment banking giant JP Morgan has decided to dip its toes in the Digital Banking sector with a forthcoming project to be produced under its ‘Chase’ brand. Recent reports concluded that this could occur as soon as within “the next few months” according to Sky News. This release corroborated an earlier report from the Financial Times, which reported that JPMorgan Chase had been “in talks with London Regulators”. Such talks report ..read more

Written by Joseph Stone on DAEX.com. In the latest of a series of examples showing Binance’s enthusiasm towards international market expansion efforts, Binance has been known to have filed registration documentation with the local authorities of Malta. On February 21, 2020: the Malta Financial Services Authority (MFSA) published a publicly-issued statement on the matter. This came in response to an overwhelming epidemic in which a large number of high-readership, Western crypto-focused publications had assumed, en-masse, that Binance was a “Malta-based cryptocurrency company”. The MF ..read more