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DX.Exchange Launches “Turbo Tokens”, Puts Margin Trading On Blockchain Rails

Today, DX.Exchange announced what could be another game-changer for the industry. Previously, the EU-regulated trading platform made waves in the crypto space after becoming the first company to tokenize popular NASDAQ-listed companies like Apple, Tesla, and Netflix, as well as some of the highest volume traded ETFs including SPY and QQQ. Now, DX.Exchange is presenting the first Smart Leverage Token (SLT) in a bid to facilitate leverage and margin trading on the blockchain.  According to the trading platform, SLT is a decentralized index that allows customers to trade on margin on-chain “without needing to depend on lending, high fees and...

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Nearly $4.5 Billion Processed Via Bank Of China’s Blockchain Platform

Back in September last year, the People’s Bank of China released its blockchain trade finance platform as an ‘experiment’. This ‘experiment’ has now been reported as a massive success by Chinese media, reaching billions of dollars worth in transactions on foreign exchanges. Blockchain has been on the cards for a while now with testing going on throughout China all the time but now, there is some solid data to go off. According to Sina Finance, the People’s Bank of China has processed around $4.5 billion in foreign exchange transactions on the blockchain platform. Now though, the platform incorporates more than...

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If You Suffer From These Problems, Perhaps You Need The Blockchain

Business owners across the globe are operating outside of the blockchain, facing daily problems that might not exist if the business migrated to using blockchain based products and services. This is the sort of predicament that led to the revolution of the internet, businesses found that it could make their lives a hell of a lot easier. Though, as we know, the internet brings with it a range of other problems too, problems that can be solved by using blockchain technology instead. The problem is however that blockchain technology is not widespread and the majority of us don’t know too...

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Blockchain Partnership For Goods Exports Down Under

BeefLedger is on a pilot program which will deploy blockchain technology for end-to-end tracking of beef exports in the country. The idea is to improve the safety of food as well as animal welfare and export security in Australia. The program will be using a distributed ledger platform alongside cutting-edge packaging technology and an Internet of Things system in order to design and provide constant real-time information on beef product data and supply chain performance. According to the blockchain platform, the aim of the two firms teaming up is to utilise technology to design a multi-layered framework for enhanced product...

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West African Nations Designing New Currency Without Blockchain

In what could be a risky move, the fifteen member nations of the Economic Community of West African States (ECOWAS) have agreed to launch a common currency dubbed Eco. This will be similar to the method that the European Union. The new currency has been designed with the aim of frictionless trade in mind with leaders in West Africa hoping to give a much-needed boost to many of the smaller economies in the region. Eco is believed to make its entrance in January next year. The crypto community was quick to point out that Eco isn’t strictly a cryptocurrency and...

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