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Tag Archives: TRADE

Markets Trade Sideways, Bitcoin Touches $6,600 Earlier Today

Tuesday, Oct. 9: Crypto markets keep trading sideways, with almost all top 20 coins by market cap in the red after seeing some growth yesterday. Market visualization from Coin360 Bitcoin (BTC) is slightly down around 0.3 percent today, trading at $6,627 at press time. During the day, the major cryptocurrency dipped two dollars below the $6,600 threshold, and the intraday ...

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Thailand Studies Blockchain for Applications in Intellectual Property, Trade Finance

Two feasibility studies on blockchain technology have been launched by Thailand’s Ministry of Commerce. The studies, which will focus on exploring the use of blockchain technology in trade finance and the registration of intellectual property, are expected to be completed in February 2019, per the Bangkok Post. According to Pimchanok Vonkorpon, the director of Thailand’s Trade Policy and Strategy Office ...

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Bitcoin, Altcoin Prices Shun Volatility Amid Multi-Year Trade Volume Lows

Bitcoin (BTC) remained stable Sunday, October 7, capping a week of sideways trading as overall exchange volumes reached their lowest level for thirteen months. Market visualization by Coin360 Data from Cointelegraph’s price tracker and Coin360 show BTC/USD hardly moving compared with the same time last week, with daily and weekly movements concluding at around 0.03 percent up and 0.65 percent ...

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Singapore’s Biggest Shipper Partners IBM in Developing Blockchain for Crucial Trade Paperwork

Tech giant IBM is partnering with one of Singapore’s biggest shipper, Pacific International Lines (PIL), in digitalizing one of the most important documents in shipping – Bill of Lading. The two firms will collaborate in designing and creating an electronic Bill of Lading (e-BL) which will exist on a blockchain. In international trade, the Bill of Lading not only serves ...

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Blockchain Could Be Solution to Irish Border Trade Issue After Brexit

British finance minister Philip Hammond has said that the issue of trade across the Irish border after Great Britain leaves the European Union (EU) might be solved by deploying blockchain technology, The Irish Times reported October 1. Speaking at the Tory party conference in Birmingham, Hammond reportedly asserted that “there is technology becoming available […] I don’t claim to be ...

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Blockchain Technology Could Reduce Uncertainty in Foreign Trade

In its new policy brief, the Austrian Research Center International Economics (FIW) has examined the possible effects of digitization, including blockchain technology, on the export economy, Cointelegraph auf Deutsch reports today, September 28. The report was prepared by Bernhard Dachs from the Austrian Institute of Technology on behalf of the Austrian Federal Ministry for Digital and Economic Affairs and draws ...

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Buy Cryptos Outright or Trade CFDs on eToro

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. There are two main ways eToro’s 10 million+ users can gain investment exposure to the exciting world of cryptocurrencies: you can either buy any of our 12 types of cryptoassets directly on the ...

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Petro Coin | Beginning Global Trade in Venezuela Come October

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said: “The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the ...

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Brazil’s Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade

Brazil’s antitrust regulator is reportedly inspecting six major national banks for alleged monopolistic practices in the crypto space, Reuters reports September 18. Brazil’s antitrust regulator, the Administrative Council for Economic Defense (CADE), which operates under the Ministry of Justice (MJ), has purportedly launched a probe on Tuesday to find out whether the country’s largest banks closed the accounts of brokerages ...

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Blockchain Could Bring $1.1 Trillion in New Global Trade, Says WEF

A new report from the World Economic Forum has high hopes for blockchain with revenue growth predicted to be over $1 trillion in world trade. The white paper published in June examines supply chain management and the enormous role that blockchain will play in the near future, particularly with SMEs (small or medium-sized businesses). The Asian Development Bank estimates that ...

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