October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in Bitcoin (BTC).Read more
The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology.
Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement on Oct. 5, 2020.
Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology.
As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.
Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation.Read more
United States government bonds, considered perhaps as the safest assets in the world, are now losing money to the investors holding them.
According to statistics published by the U.S Treasury, real yields on even the longest-term bonds fell below zero since June 2020.
On July 19, the Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-enabled mobile application for distributing government-issued treasury bonds.
According to local news outlet Inquirer.