As the cryptocurrency and blockchain industry grows, more projects are emerging with innovative solutions that could revolutionize the space. One such project is Grape, which was recently in many stories online. Drawing on its team's six pillars of adoption, scalability, compatibility, flexibility, security, and storage, Grape hopes to become an integral part of the web3 infrastructure by providing users a platform for creating and deploying decentralized applications (dAPPs) quickly and easily. With its groundbreaking AI-based coding system and quantum-resistant encryption…
CCB
Chinese Bank Withdraws Plans to Issue $3 Billion Blockchain Bond
Two weeks ago, China's second-largest bank, the Chinese Construction Bank (CCB), announced plans to sell $3 billion worth of debt using the blockchain. The deal to issue the debt on a blockchain, featuring Hong Kong financial tech firm Fusang would have been the first digital bond issue by a Chinese Bank using the blockchain technology. Fusang is a Hong Kong digital exchange licensed by Labuan's financial regulator, Malaysia. According to the announcement, the offering would allow clients to purchase via…
3 years ago 
588 views
Chinese Bank to Sell $3B Worth of Debt on Blockchain via Bitcoin
The second-largest bank in the world, Chinese Construction Bank, is set to sell $3 billion worth of debt on the blockchain using Bitcoin. This was revealed by a local news outlet South China Morning Post, today. The China Construction Bank will be partnering with Hong Kong Fintech firm Fusang to issue the debts on a blockchain. It is worth noting that this would be the first digital security issued by a Chinese bank using blockchain technology. The debts will be…
3 years ago 586 views