While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace
Sources in Iran say the country’s financial sector is taking clear steps toward a state-backed token economy.
HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
JPMorgan Moving Its In-House Crypto to Real-World Trials: Report
JPMorgan’s in-house crypto token is moving to real-world trials in “a few months,” according to a CNBC report.
Digital Asset Loses Second CTO in 6 Months as Startup Shake-up Continues
James Powell, CIO and CTO of engineering at Digital Asset, has left the enterprise blockchain startup after just six months.
Japan’s Biggest Bank Launching Blockchain Payments Network in 2020
Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.
Blockchain Sleuthing Startup Chainalysis Raises $30 Million
The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm’s $16m Series A.
High School Team Places Third in Barclays Blockchain Challenge Event
A U.K. school won third place in a blockchain interoperability hackathon hosted by Clearmatics at the Barclays Rise fintech hub in London.
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Gold-Backed Cryptocurrency Launched by Iranian Banks: Report
Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”
SWIFT Chief Announces Integration With R3 At Paris Fintech Forum
Global banking payments network SWIFT intends to integrate technology from R3, its CEO said at an event today.
Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.
Cryptos Would Only Have Value in ‘Dystopian’ Economy: JPMorgan
JPMorgan Chase has said that cryptocurrencies would only have value when confidence in traditional assets had been lost.
2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up
R3 is carrying out an internal reorganization, resulting in the departures of head of global services Brian McNulty and chief administrative officer Lauren Carroll, CoinDesk has learned.
Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont
Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures.
ING Bank, R3 Ink Deal for ‘Unlimited’ Corda Blockchain Deployment
Dutch banking group ING has inked a five-year licensing deal with blockchain consortium startup R3 to use its Corda Enterprise platform.
Wyoming Bill Would Clear the Way for Crypto Custody at Banks
Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.
Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other
U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.
The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade
Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.
Pakistani Bank Teams With Alipay for Blockchain Remittances
Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.