Banking

Ethereum

Enterprise Ethereum Alliance Publishes Latest Client Specs in Blockchain Standards Push

The EEA has published its latest client spec, which simplifies permissioning systems for enterprise blockchains, among other recommendations.

Business  ·  13 May 2019
Banking

When the Dust Settles: The Bitfinex Probe Reveals Structural Weaknesses

The Bitfinex probe highlights not just the lack of reliable banking, but also – somewhat overlooked – the lack of auditing services, says Noelle Acheson.

Business  ·  12 May 2019
Wallets

Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks

Crypto wallet Abra now let users connect to “thousands” of U.S. banks. It's also added withdrawals for all 30 supported cryptos.

Business  ·  10 May 2019
Banks

There’s a New Medici Bank After 500 Years, And This Time It’s Crypto-Friendly

A descendant of the famed Medici Italian banking family has opened a cryptocurrency-friendly bank in Puerto Rico.

Business  ·  9 May 2019
Ethereum

JPMorgan Quietly Reboots the Blockchain Behind Its JPM Coin Cryptocurrency

JPMorgan has been replacing key privacy components of its Quorum blockchain platform over the past six months.

Business  ·  9 May 2019
Banking

Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain

ABN Amro, Standard Chartered and around 50 other firms have participated in tests of Voltron, a trade finance platform built with R3's Corda.

Business  ·  8 May 2019
Banking

Ripple Adds SBI President To Its Board of Directors

Ripple has added Japanese financial giant SBI Holdings' president and CEO Yoshitaka Kitao to its board.

Business  ·  5 May 2019
Canada

Five Banks Now Let Users Verify Their Identities Using a Blockchain App

Five Canadian banks have rolled out a new blockchain-based mobile service from SecureKey to let customers securely verify their identities.

Policy & regulation  ·  2 May 2019
Canada

Central Banks Settle Cross-Border Payments With Blockchain for First Time

The central banks of Canada and Singapore have for the first time settled cross-border payments using blockchain and central bank digital currencies.

Policy & regulation  ·  2 May 2019
Banking

We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm

Roberto Mancone is leaving we.trade, the live trade finance blockchain platform which he helped grow into a legal entity comprising 14 banks.

Business  ·  29 April 2019
Ethereum

A Glimpse of Banking’s Future, Live on the Ethereum Blockchain

Last week, Frenching bank Societe Generale revealed that it has issued a security token-like bond on ethereum. But rather than using a private iteration, SocGen used the public blockchain.

Markets  ·  29 April 2019
Japan

Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain

Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.

Business  ·  25 April 2019
Europe

Banks Can’t Snub Crypto Startups Thanks to France’s New Blockchain Law

France's wide-ranging new blockchain law aims to solve a longstanding problem for crypto startups: banking, or lack thereof.

Policy & regulation  ·  25 April 2019
Regulation

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.

Policy & regulation  ·  24 April 2019
Banking

JPMorgan Expanding Blockchain Project With 220 Banks to Include Payments

Investment bank JPMorgan is reportedly expanding an existing blockchain platform with hundreds of banking members to include settlement.

Business  ·  22 April 2019