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MasterCard slapped with a €570 million fine by the European Commission for violating cross-border payments law ! Other crypto news

This is a daily round up of important blockchain and crypto news between Jan 23, 2019 and Jan 24, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.



1. Citigroup and Nasdaq included in $20 Million Funding Round in Blockchain Firm Symbiont  

Citigroup and Nasdaq are among a group of firms investing $20 million dollars in Symbiont.io Inc .Mike Novogratz’s crypto-focused merchant bank, Galaxy Digital Holdings are among other investors.The offering purportedly allows financial institutions to share and verify data, and uses smart contracts to accelerate settlement times for syndicated loans and streamline mortgage bondmarkets. Read more

2. OKCoin Founder Buys Controlling Share in Hong Kong-Listed Firm in $60+ Mln Deal

 Following the deal’s completion, OKCoin’s parent firm OKC Holdings Corp. became the controlling shareholder in LEAP Holdings.Having purchased roughly 3.2 billion shares at HK$0.15 (~$0.02) apiece -at a total cost of $483,890,536 (~$61.6 million) — OKC Holdings Corp. owns 60.49 percent of Leap Holdings’ stock, with the same percentage of voting rights. Read more

3. New Exchange Claims It Can Tokenize Shares of AirBnb, Uber, SpaceX

Crypto startups Zilliqa and MaiCoin have teamed up to create a centralized security token exchange in Singapore that will apply blockchain technology to the trading of traditional asset classes. Hg Exchange claims to be the first “member-driven exchange” in Southeast Asia seeking to merge the traditional finance industry with the nascent crypto space, meaning any participants in the platform must go through the licensed financial intermediaries attached to the exchange. Read more

4. MasterCard slapped with a €570 million fine by the European Commission for violating cross-border payments law

The violation stems from the financial company charging artificial fees on their merchants. This landmark antitrust ruling was announced after a series of investigations by the EU, which concluded that Mastercard charged varied interchange fees depending on the location of the retailer, a breach of the EU’s Single Market rules. Read more

5. StanChart’s Singapore Unit Completes First Blockchain-Powered Trade Finance Deal

The bank reported that the blockchain startup Distributed Ledger Technologies developed blockchain solution had enabled an agri-business supply chain deal to be completed within just one day, instead of the typical five to seven days. StanChart underscored today that the blockchain solution had streamlined the digitization and exchange of trade documents between parties in the supply chain network. Read more

Bite-sized News

Only the headlines are enough for these news

  • Samsung Galaxy 10 ‘leaked photos’ show Supporting Cryptocurrencies Read Story.
  • Hong Kong Stock Exchange CEO Hints at Incompatibility of Bitmain IPO Read Story.
  • Wikipedia and Sirin Labs Founder Both Victims of crypto scams Read Story.
  • Ripple Partners With Chinese University for Blockchain Research Program Read Story.

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