Companies

Sberbank, a state-owned bank, has sealed a repurchase agreement, or repo, with the help of blockchain on Thursday 6, 2018. Now, the combination of DLT and smart contract sets financial contracts very diaphanous and seems to tighten the security for both the financial institution and the customers.

On the last day of autumn, November 30, Belarus announced legal regulations for crypto-related businesses. All companies that are residents of the Belarus High Technology Park have received the regulator’s support.

Bitcoin use for commercial payments has largely dropped in 2018, according to a study conducted by Chainalysis as cited by Reuters.

The mining of Ethereum using a graphics processing unit (GPU) is not profitable anymore, as revealed by Susquehanna, a U.S-based world trading & technology company. According to a report by CNBC on November 13, 2018, Susquehanna's data shows that the prolonged decline in digital currency markets and slumping network hashrates is the main reason for the profit reduction.

While at the SBI Financial Results briefing, Yoshitaka Kitao, CEO of SBI Group, proclaimed that the company has already started discussions to develop a project for R3 which uses Ripple more widely.

Co-founder and CEO of YingZi Technology and former Intel executive has been announced as an advisor to the futuristic Internet of Things (IoT) blockchain chip startup, Skynet.

Tether Limited, the issuer of the USDT digital currency, has destroyed 500 million units of the embattled stablecoin.

The leading Multi-Asset Exchange, Satowallet, has moved to tokenize the company thereby offering investors 40% dividend from her exchange trading fee.

On October 24, Japan's Financial Services Agency (FSA) gave the digital currency sector self-regulatory status, allowing the Japan Virtual Currency Exchange Association to patrol, ratify and sanction exchanges for any arising violations.