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June 24, 2018

coindesk

Mizuho CEO: Financial Firms ‘Should Have Courage’ on Blockchain

The president and CEO of the Mizuho Financial Group “megabank” has spoken out on the potential of blockchain to disrupt financial incumbents. Speaking at a fintech conference this week, Yasuhiro Sato said the technology could “change the strategies of international financial institution,” adding “we should have the courage” to make the shift to blockchain “now.” As a

Mario Draghi: European Central Bank Has ‘No Power’ to Regulate Bitcoin

Mario Draghi, president of the European Central Bank (ECB), has indicated that his institution does not have the powers to regulate cryptocurrencies. Making his statements to the European Parliament’s Committee on Economic and Monetary Affairs, Draghi said that “it would actually not be in our powers to prohibit and regulate” bitcoin and other digital currencies. The comments

Fintech Firm to Launch Cryptocurrency Exchange in South Korea

South Korea is getting a new cryptocurrency exchange, one backed by an already established fintech firm. The new platform, known as Upbit, is a partnership between South Korean app maker Dunamu and U.S.-based Bittrex, one of the market’s longest-running exchanges focused on alternative cryptocurrencies. Set to open next month, Upbit plans to support an extensive range of tokens

Japan’s NEC Expands Role in Hyperledger Blockchain Project

One of Japan’s biggest IT corporations is expanding its role in the Hyperledger blockchain project. NEC Corporation, the Linux Foundation-backed initiative announced today, has become a premier member of the group. Daichi Iwata, who leads the NEC’s fintech business development office, is also joining Hyperledger’s governing board. NEC was among a group of companies to join