Mexico’s Blockchain Sector Up 90% / JPMorgan All In On Crypto / Alibaba To Digitize China’s…

According to data from the blockchain-focused law firm, Legal Paradox, Mexico’s blockchain and fintech sectors have almost doubled in size over just two years, according to data provided to Cointelegraph Espanol. According to the law firm, more than 640 entities are operating in Mexico’s financial technology sector, with 443 or 69.1% of firms based in Mexico City…read more

Related: 🇭🇰 40% of New Fintech Firms in Hong Kong Operate With Blockchain

Chinese mega corporations Alibaba is one of the seven institutions that are going to be the very first to receive the Chinese state-backed cryptocurrency once launched. The company has also been developing a blockchain network that is designed to support small and medium-sized businesses under its fintech arm, Ant Financial. Alibaba has landed a deal with China Merchants Port, the nation’s biggest port operator, to allow the development and implementation of a blockchain-based platform that would have several use cases…read more

Related: 📖 PUBG backer is establishing an alliance to improve Blockchain Development in China

In a statement on 28th May, US Federal Reserve Board Chairman Jerome H. Powell stated regarding the suitability of AMERIBOR as a replacement to LIBOR. AMERIBOR uses a permissioned version of Ethereum blockchain to capture the interbank lending rates. He also noted in his response that, “the Federal Reserve convened and supports the work of the Alternative Reference Rates Committee (ARRC) and views SOFR as a robust alternative that will help many market participants in the transition away from LIBOR…read more

JPMorgan’s turbulent relationship with bitcoin appears to be rapidly melting after the banking giant signed Coinbase and rival bitcoin and crypto exchange Gemini. JPMorgan approved the two bitcoin exchange accounts last month and is already processing transactions, potentially signaling the end of the crypto industry’s banking griefs…read more

Coinbase is looking for selling its blockchain analysis software to the U.S. Internal Revenue Service (IRS) and the Drug Enforcement Administration (DEA). Both agencies are planning to get approval. Several public documents released in April and May, showed the intentions of both agencies to buy licenses for Coinbase Analytics. However, the figure is not definite for how much the U.S. government will pay for the licenses…read more

The Chinese province of Yunnan has launched a blockchain-powered traceability platform for its Pu’er tea farms. The platform will be used to conduct quality control, sales, and loan financing operations on 42,000 hectares of farmland across the province…read more

Related: 📖 Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines

Microsoft’s Bitcoin-based decentralized identity tool, ION, went live with a beta version on mainnet Wednesday, as one of many efforts by members of the Decentralized Identity Foundation (DIF) to fast-track tools anyone can use for COVID-19 crisis response programs. Microsoft and ConsenSys’s uPort project are both leading DIF members. Separately, Microsoft is also collaborating with the bitcoin startup Casa to create a user-friendly interface for managing multiple digital identities…read more

Related: 📖 Decentralized Identity Could Replace All Login Functions, Says LG

Related: 🇰🇷 South Korean City Opens Public Services to Blockchain-Based ID App

Baseline Protocol has launched integrations for Google Sheets and Microsoft Dynamics 365. The new function allows for the maintenance of verifiably consistent records using a spreadsheet in conjunction with an enterprise resource planning solution. Baseline published a proof-of-concept on Monday, demonstrating the “baselining” of spreadsheet data to verify that multiple independent private databases hold the same records.…read more

Related: 📖 The Baseline Protocol Explained LimeChain

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