Structure to Develop Mobile App to Drive DeFi Adoption

Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile users, just raised $20 million from investors and from a private sale of its digital currency $STXR. The company will offer decentralized finance (DeFi) crypto-denominated lending outside of traditional banking, as well as investing in tokenized assets, digital versions of assets […]

Bank of Thailand Announces Plans to Develop Central Bank Digital Currency Prototype

The Bank of Thailand is developing a prototype payments system which would rely on a central bank digital currency (CBDC).  The central bank announced Thursday that it would target businesses, and would design a payment system that could be integrated with the procurement and financial management system of Siam Cement Group, Thailand’s oldest cement manufacturer, […]

Tech Mahindra Inks Education Deal to Develop India’s Blockchain Talent

Tech Mahindra, the IT subsidiary of Mahindra Group, is to work with local edutech firm Idealabs to develop blockchain talent within India. The two firms will begin offering curated professional certification courses on blockchain, including live online classes and sessions with experts from the industry in the effort to boost the skills of both tech […]

MRK Stock Up 1.5% as Merck Set to Develop New Coronavirus Vaccine

Merck (MRK) stock price is up today as Merck announced a new partnership with the International AIDS Vaccine Initiative (IAVI) to develop a coronavirus vaccine. Merck & Co Inc (NYSE: MRK) stock price fell slightly in the last session but today it is up. This occurred as the pharmaceutical firm indicated that it is working […]

South Korea to Develop an Identity Platform on the Blockchain for Autonomous Vehicles

The government of South Korea’s planned city Sejong — which is the country’s testing ground for major smart city solutions — announced Friday that it will be establishing a blockchain-based platform for storing and verifying the digital identities of self-driving vehicles. An Asian news outlet, Aju Business Daily, reported that South Korea’s Ministry of Science […]

German Security Token Platform to Develop a Custody Solution

German security token offering (STO) platform Black Manta Capital Partners partnered with local digital asset custody firm Finoa to develop institutional security token custody. According to an announcement shared with Cointelegraph on May 4, the cooperation aims to develop a regulated security token custody solution explicitly aimed at institutional investors, high net worth individuals and […]