Banking

Regulation

Wyoming Lawmakers Pass Three Bills in Boost for State’s Crypto Industry

The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses.

Policy & regulation  ·  20 February 2019
Ethereum

‘Already Live’: Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency

While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.

Business  ·  14 February 2019
Bitcoin

Blockchain Startups Are Modernizing Iran’s Financial Infrastructure

Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.

Policy & regulation  ·  14 February 2019
Forex

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.

Business  ·  14 February 2019
Banking

JPMorgan Has Its Own Crypto and It’s Starting Real-World Trials

JPMorgan has built a crypto token and it's moving to real-world trials in "a few months," according to a CNBC report.

Business  ·  14 February 2019
Banking

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.

Business  ·  13 February 2019
Japan

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.

Business  ·  13 February 2019
Chainalysis

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.

Business  ·  12 February 2019
Banking

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.

Business  ·  9 February 2019
CBDC

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.

Policy & regulation  ·  7 February 2019
Stablecoins

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.”

Business  ·  5 February 2019
Banking

SWIFT Chief Announces Trial DLT Integration With R3

Global banking payments network SWIFT says it plans a trial integration with DLT provider R3.

Business  ·  30 January 2019
Banking

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.

Policy & regulation  ·  29 January 2019
JP Morgan

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.

Business  ·  28 January 2019
Banking

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.

Business  ·  26 January 2019