Chinese Bank to Issues $1.3B in Blockchain Securities

Bank of Communications joined forces with Commercial Bank of China and China Merchants Bank to conduct this project

27 September 2018 957

The fifth-largest commercial bank of China, Bank of Communications, used blockchain for the issue of residential mortgage-backed securities (RMBS). This is reported by CoinDesk.

The lead underwriter of the securities issue was China International Capital Corporation. Also, the two largest commercial banks of the country - Commercial Bank of China and China Merchants Bank - took part in it.

According to representatives of the Bank of Communications, the information on mortgage loans placed in the blockchain will allow RMBS participants to assess investment risks through 'due diligence' and process transactions in a peer-to-peer manner.

In August, one of the largest commercial financial institutions of China, Zheshang Bank, issued securities worth $ 66 million through its proprietary blockchain platform.

Bitcoin Blockchain

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows

18 February 2019 46

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system.

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.