Banking

Forex

Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.

Business  ·  18 March 2019
Exchanges

Riot Blockchain to Launch Regulated Crypto Exchange in the US

Riot Blockchain is planning to launch a regulated exchange in the U.S. to offer crypto banking and trading services.

Policy & regulation  ·  16 March 2019
Regulation

Cryptocurrencies Pose Risks to Banks, Warns Basel Committee

The Basel Committee on Banking Supervision has warned that the growth of cryptocurrencies poses a number of risks to banks.

Policy & regulation  ·  14 March 2019
BitGo

IBM Quietly Enters Crypto Custody Market With Tech Designed for Banks

IBM and Shuttle Holdings will launch a digital asset custody service this month for banks and enterprises that want to store crypto for their clients.

Business  ·  12 March 2019
Investments

Overstock’s Medici Acquires Stake in Blockchain Banking Startup

Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.

Business  ·  12 March 2019
Banking

Deutsche Börse, Swisscom Team Up to Build Digital Asset ‘Ecosystem’

Deutsche Börse has partnered with telecoms and IT provider Swisscom and fintech firm Sygnum to build solutions for the digital assets space.

Business  ·  11 March 2019
JP Morgan

JP Morgan’s Stablecoin: A Feat of Engineering or Marketing?

Upon first examination, JPM coin is an exciting Wall Street development, but the reality is more complicated, writes Kadena's Ben Jessel.

Business  ·  9 March 2019
Security

Swissquote Bank Launching ‘Nuke Proof’ Crypto Custody

Online banking group Swissquote is launching a custody service that will see crypto keys stored in an ex-military bunker.

Policy & regulation  ·  8 March 2019
JPM Coin

Ripple CEO Brad Garlinghouse on JPM Coin: Other Banks Won’t Use It

Ripple's CEO gave JPMorgan qualified praise for developing its own cryptocurrency before dismissing the product's usefulness.

Business  ·  6 March 2019
Banking

SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting

Financial messaging giant Swift has teamed up with Singapore Exchange and several major banks to trial a DLT platform for shareholder voting.

Business  ·  6 March 2019
MakerDAO

JP Morgan Is Quietly Testing Cutting-Edge Ethereum Privacy Tech

Fresh off its big reveal of JPM Coin, the megabank is quietly testing a cutting-edge form of ethereum privacy tech.

Business  ·  28 February 2019
Banking

Blockchain-for-Banks Startup Switches From Hyperledger to R3’s Corda

MonetaGo, which builds private blockchains for banks, has switched platforms from Hyperledger Fabric to R3 Corda.

Business  ·  26 February 2019
Banking

Swiss Bank Julius Baer to Offer Digital Asset Services

Swiss private bank Julius Baer has partnered with a cryptocurrency banking startup to offer digital asset services later in 2019.

Business  ·  26 February 2019
Regulation

Australian Regulator Trials Blockchain to Automate Transaction Reporting

Australian financial regulator AUSTRAC is trialing blockchain technology to automate reporting of cross-border transactions by institutions.

Policy & regulation  ·  25 February 2019
Brazil

Brazilian Bank Aims to Raise $15 Million Through Security Token Offering

Brazilian investment bank BTG Pactual is planning to raise millions of dollars through the offering of a security token tied to property assets.

Business  ·  21 February 2019