‘Operation Cryptosweep’: ShipChain Ordered to Cease and Desist in South Carolina

The securities division of the South Carolina’s Office of the Attorney General has ordered blockchain startup ShipChain to stop operating in the state. The securities commissioner sent a cease-and-desist order to the company for allegedly violating securities laws. According to the order, ShipChain, which is a freight logistics platform built …

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Bitcoin Price Rewinds to $7,800 as Cryptocurrency Market Drops $27 Billion Overnight

On yesterday’s report, CCN emphasized that if the bitcoin price falls below the $8,200 resistance level once again, a reentry into the $7,000 region is inevitable. Over the past 24 hours, the bitcoin price dropped by around 4 percent from $8,300 to $7,850. Bitcoin Price Trend As CCN previously reported, …

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Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance

A joint effort by major banks in south-east Asia has led to a successful blockchain-powered cross-border funds transfer in real-time from Thailand to Singapore. In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from …

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Bitcoin Closing on Long-Term Bear Indicator Not Seen Since 2014

Following bitcoin’s recent losses, a key long-term trend indicator is looking increasingly bearish. Notably, the five-month moving average (MA) has rolled over in favor of the bears and looks set to cut the 10-month MA from above – a bearish crossover that hasn’t been seen since June 2014. If that …

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1 Million Transactions/Sec: Japan’s Largest Bank Plans Blockchain Payments in 2020

MUFG, Japan’s biggest bank, has announced plans to launch a ‘hyper-scale’ blockchain payments network to be co-developed with cloud delivery giant Akamai for faster, cheaper payments. In an announcement [PDF] on Monday, the Mitsubishi UFJ Financial Group (MUFG) revealed details of an ongoing partnership with US-based cloud content delivery giant …

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