LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3’s Corda Network.
Marijuana-focused Stablecoin Issuer Added to Arizona Fintech Sandbox
Arizona’s fintech program has added a controversial startup using stablecoins to evade federal regulations
Sony Co-Leads €13 Million Raise for Crypto Banking Startup Bitwala
Bitwala raised almost $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group.
Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction
The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.
MIT Fellow Accuses Facebook of ‘Lifting’ His Ideas for Libra Cryptocurrency
MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year.
R3 Taps Software Sales Vet to ‘Evangelize’ Paid Version of Corda
R3 has hired software sales pro Cathy Minter as chief revenue officer to grow the user base for its paid DLT product, Corda Enterprise.
Blockchain Consortium Startup R3 Said to Be Considering an IPO
Blockchain consortium startup R3 is mulling an IPO, according to Bloomberg sources.
Brazilian Bank Plans to Use Tezos Blockchain for STOs Worth $1 Billion
BTG Pactual, Brazil’s fifth largest bank, plans to utilize the Tezos blockchain for security token offerings potentially worth $1 billion.
IBM, Top Australian Banks to Pilot Blockchain for Retail Lease Bank Guarantees
The blockchain pilot will digitize the bank guarantee process in an effort to tackle fraud and improve efficiency.
Goldman Sachs CEO Hints Bank Might Launch ‘JPM Coin’-Like Crypto
Goldman Sachs may ultimately take part in the crypto disruption of finance with its own stablecoin, according to CEO David Solomon.
JPMorgan to Start Customer Trials of Its ‘JPM Coin’ Crypto
JPMorgan Chase is reportedly to start client trials of its “JPM Coin” cryptocurrency for intercompany remittances.
SWIFT Gives Blockchain Platforms Access to ‘Instant’ GPI Payments Following R3 Trial
Interbank messaging giant SWIFT will soon allow DLT-based trade platforms to make use of its GPI platform for traceable, near-instant payments.
There’s a Second Token: A Breakdown of Facebook’s Blockchain Economy
In addition to the Libra coin, Facebook’s newly unveiled crypto project also involves a “Libra investment token.”
Private Blockchain’s Biggest Startups Integrate in Unprecedented Tie-Up
A historic change in strategy is taking place at R3 and Digital Asset (DA), who are now collaborating to maximize their respective blockchain ecosystems.
Facebook Hires Standard Chartered Bank Lobbyist for Crypto Project: Report
Facebook’s hiring spree for its upcoming cryptocurrency continues with the addition of a senior bank lobbyist from Standard Chartered.
Circle and Coinbase Open CENTRE Stablecoin Network to New Members
Circle and Coinbase are a launching a bold effort to make money as easy to move around the world as internet data and content.
Korea’s Biggest Bank Is Preparing to Custody Digital Assets
KB Kookmin, the largest bank in South Korea, is partnering with a blockchain startup to launch a digital asset custody offering.
Reserve Bank of India Denies Involvement in Draft Bill to Ban Cryptocurrencies
India is embroiled in rumors of a cryptocurrency ban that would have made cryptocurrency mining, trading, and ownership illegal.
Crypto Exchange Bits Of Gold Wins Supreme Court Battle Over Bank Block
Cryptocurrency exchange Bits of Gold has won a notable legal victory over an Israeli bank in its bid to keep access to banking services.
SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App
SBI Ripple Asia is live testing in-store payments using its Ripple xCurrent-powered Money Tap app before a full launch “this year.”