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“# Deutsche Telekom invests in mobile DeFi platform Celo ” Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation…
“#Nokia cutting up to 10,000 jobs in corporate restructuring” Nokia on Tuesday said it plans to slash up to 10,000 jobs over the next two years as it forges ahead with a corporate restructuring. The layoffs are part of a cost-cutting effort that will help free up funds for investments in research and development along…
“# Russian mobile carriers consider smartphone integration for digital ruble ” Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices. According to a Feb. 16 report by local news agency Izvestia, Beeline and MegaFon proposed to set up smartphone wallets for Russia’s central…
“# T-Mobile sued by victim who lost $450K in Bitcoin in SIM swap attack ” Telecoms provider T-Mobile has become the latest corporate name to come under fire for its alleged negligence and failure to protect customer information, which indirectly enabled a “SIM swap attack” that led to the successful theft of $450,000, or 15…
“#NYSE starts process of delisting 3 Chinese telco companies” The New York Stock Exchange is starting the process of delisting securities of three Chinese telecom companies, after President Trump last month barred US investments in Chinese firms Washington says are owned or controlled by the military. The move by the NYSE, which will limit US investor…
“# Russia’s second largest bank VTB pilots bank guarantees on blockchain ” VTB, the second largest bank in Russia after Sberbank, has piloted a new blockchain-based system to issue bank guarantees. According to an official announcement on Dec. 16, VTB provided a blockchain-enabled bank guarantee to the country’s largest mobile cellular network provider, MTS. As…
“# Japan’s megabanks to lead experiment with digital yen ” Japan’s three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists of banks, various Japanese brokerages, utilities and telecoms firms and retailers, according to a Reuters report published…
“# Verizon’s newsroom to use blockchain in bid for absolute transparency ” Verizon unveiled “a blockchain-based, open-source newsroom product designed to raise the bar for corporate accountability,” today according to a public statement. Called Full Transparency, the platform is meant to immutably document the company’s own news releases on a public blockchain. Verizon posted its…