December 2019 / 2 posts found

https://cryptocurrencydigital.com/u-of-t-creative-writing-program/

by crypto journalist
According to a press release from the Department of Justice on November 29, 2019, Virgil Griffith, resident of Singapore and U.S. citizen, was arrested for a criminal complaint where he was charged with violating, “…the International Emergency Economic Powers Act (“IEEPA”) by traveling to the Democratic People’s Republic of Korea (“DPRK” or “North Korea”) in order deliver a presentation and technical advice on using cryptocurrency and blockchain technology to evade sanctions. Virgil Griffith “Mr. Griffith allegedly traveled to North Korea without permission from the federal government, and with knowledge what he was doing was against the law. We cannot allow anyone […]

HSBC Moves $20 Billion From Paper to Blockchain In One Of The Biggest Financial Deployments

by crypto journalist
(Photo by Philip FONG / AFP) (Photo by PHILIP FONG/AFP via Getty Images) Blockchain and banking continue to push new boundaries with the relatively untested technology offering lots of promise and potential, but not finding too many direct uses, as of yet. HSBC, one of the largest banking and financial services organizations in the world, headquartered in London, is planning on making a bold $20 billion step. The bank will be shifting $20 billion worth of assets to a new blockchain-based custody platform by March. This is a vast improvement of the previous system as the HSBC platform will digitize paper-based records […]