Renetta Jerold | AllStocks Network

National Bank of Canada Explores Blockchain for Securing Financial Transactions

Posted on October 25, 2018April 1, 2019 by Renetta Jerold

The IT company and consulting firm CGI, Group Inc. announced on October 21 a new partnership with the National Bank of Canada and Skuchain, a technology company optimizing the supply chain, as part of a pilot program that will simplify and improve the procurement process of “negotiation of letters of credit and guarantees.” Blockchain to Revolutionize Traditional Letter of Credit Settlement According to the press release, CGI will integrate its CGI Trade360 financial platform with…

Yale University Jumps Headfirst into the Crypto Market

Posted on October 7, 2018November 25, 2019 by Renetta Jerold

The Yale university figure, David Swensen, is the latest finance wizard getting into the market for cryptocurrencies. Yale, whose 30 billion dollar investments are handled by David Swensen, is among the institutions to invest in the cryptocurrency market, which has experienced a slight drop this year after a stunning rally back in 2017. However, Yale getting into the market highlights high-hopes for the currently stumbling crypto market and represents the much-needed confidence for an asset…

Abra’s BIT10 — Crypto Index of the 10 Largest Cryptocurrencies

Posted on October 5, 2018October 5, 2018 by Renetta Jerold

Bitwise’s CEO, Mr. Hunter Horsley on Wednesday, 3rd October 2018 during an interview with Crypto Bites, introduced “The Bitwise 10 Crypto Index Token (BIT10)”. Speaking on the interview, Mr. Hunter Horsley said, “In our society today, anyone around the world willing to invest in cryptocurrency can do so using the new Bitwise 10 Crypto Index Token (BIT10) via the Abra’s app”. “The new token (BIT10) is a new method of crypto diversification and rebalancing of…

Brazil’s Avai Football Club Announces its Own Digital Currency, Partners with SportyCo and Blackbridge Sports

Posted on September 19, 2018June 12, 2019 by Renetta Jerold

Avai Football Club from Brazil is one of the first football (soccer) clubs seeking to raise funds through initial coin offerings (ICO) following the launch of its own coin “Avai FC Token”; SportyCo and Blackbridge Sports announced the partnership with Avai on September 12th. The partnership is aimed at benefiting the club by bridging the gap between the thriving Fintech industry and grassroots sports using blockchain technology while making Avai FC one of the very…

“No Plans for Digital Currency” – European Central Bank

Posted on September 17, 2018September 17, 2018 by Renetta Jerold

On June 2018, the European Central Bank through Mr. Robert Gualtieri, The chairman of the committee on Economic and Monetary Affairs, received a letter from MEP Jonas Fernandez demanding The ECB to issue its own digital currency. In response to the letter, while addressing the parliament, Mr. Mario Draghi, president of The European Central bank stated that The European Central Bank has “no plans to issue its own digital currency”. “The European Central Bank is…

SEC Charges ICO ‘Superstore’ Owners, and Hedge Fund Manager for Operating as Unregistered Dealers Following Misrepresentations

Posted on September 14, 2018February 21, 2019 by Renetta Jerold

Tokenlot LLC, a self-portrayed “ICO Superstore”, and its proprietors Lenny Kugel and Eli L. Lewitt will confront charges as unrecognized representative merchants. The Securities and Exchange Commission (SEC) in 2017 warned that those seeking to sell or offer digital securities must adhere with the Federal security laws. The Michigan based TokenLot, Lenny Kugel, and Eli L. Lewitt who holds a status as unregistered dealers unlawfully promoted TokenLot’s website as a gateway to purchase digital tokens…

Cryptocurrency Industry Initiates a Washington Lobbying Group

Posted on September 13, 2018September 13, 2018 by Renetta Jerold

High profile companies and cryptocurrency technology veterans are set to form a Blockchain Association to tackle issues downing the cryptocurrency value. Members of the association are entrepreneurs and investors who are building a ‘solid backbone’ behind cryptocurrencies. As of now the value of Bitcoin may not be soaring as expected compared with previous year’s rapid heights. However, cryptocurrency officials flag-off an offensive campaign targeting policymakers and regulators who’ve taken an interest in cryptocurrencies. Crytocurrency giants…