Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.
The Coming Bifurcation of Bitcoin
Two particularly important ideas related to bitcoin’s future are likely going to conflict with each other. But that doesn’t need to a problem.
Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups
A new memo by the Texas Department of Banking notes that stablecoins may fall under the state’s definition of “money” and therefore would be subject to money transmission laws.
Fidelity’s Man: Can Tom Jessop Bridge Crypto and Wall Street for Good?
CoinDesk profiles Fidelity’s Tom Jessop, who is leading the firm’s effort to link the worlds of digital assets and Wall Street.
2019: The Year Blockchain Begins Finance’s Great Unbundling
There will be opportunities for smart blockchain companies that can find their niche in the coming unbundling, says Ripple’s Asheesh Birla.
Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report
Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.
This Brazilian Bank Is Using Ethereum to Issue a Stablecoin
The Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption.
Crypto-Friendly Money App Revolut Wins EU Banking License
Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.
Payments Startup Bitwala Now Offers Crypto Banking in Germany
Germany-based payments startup Bitwala is now offering crypto banking services in the country.
Not Everyone Wants a Bitcoin ETF
Despite the hype, some experts believe a bitcoin ETF wouldn’t have much long-term impact on the broader market.
Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal
Russia’s Sberbank has settled a three-way repurchase agreement using blockchain tech, calling it a “world’s first.”
4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda
Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3’s Corda blockchain.
Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants
An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.
Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments
Signature Bank is launching a blockchain-based real-time payments system in early 2019 and has just got the green light in New York.
Crypto Custody? State Street Is Waiting on a Client Shift, Exec Says
State Street bank says there’s no sense of urgency yet from clients for it to move into safeguarding crypto assets.
How Silvergate Became the Leading Bank for Crypto Startups
Silvergate Bank CEO Alan Lane shared his approach to serving the cryptocurrency industry with bankers at the Block FS conference.
ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup
ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup working to make ethereum transactions private.
Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
Abu Dhabi Bank Settles $500 Million Bond on a Blockchain
Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million.
Ripple Is Making It Easier for Customers to Integrate XRP. They Aren’t Yet
Ripple’s new version of xCurrent offers easier integration with xRapid, the product that leverages XRP. But so far, customers aren’t taking the plunge.