Banking

China

World’s Largest Bank Eyes Faster Asset Exchange With Blockchain

ICBC, one of China's "Big Four" state-owned commercial banks, is seeking to patent a blockchain system to better execute financial asset transactions.

Business  ·  9 July 2018
ERC-20

Bernstein: No, Crypto Markets Aren’t Like the Dot-Com Bubble

Cryptocurrency and blockchain developers are building "parallel financial networks," according to a new report by Alliance Bernstein.

Business  ·  6 July 2018
Banking

Bankers Tout Trade Finance as the Sweet Spot for Blockchain

London's Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.

Business  ·  3 July 2018
Banks

Banks Conduct Cross-Border Trades on IBM-Powered Blockchain

We.trade, the blockchain-based financial trade platform jointly developed by nine European banks, has completed first live cross-border transactions.

Business  ·  3 July 2018
Russia

Execs at Payments Giant Qiwi Launch Crypto Investment Bank

Senior staff at a Qiwi subsidiary are launching a crypto investment bank to advise ICO investors and help companies tokenize their assets.

Business  ·  30 June 2018
Europe

Polish Bitcoin Association Challenges Banks Over Crypto Account Refusals

An industry group in Poland is attempting to challenge banks that have allegedly denied services for firms working with cryptocurrencies.

Policy & regulation  ·  29 June 2018
Banking

Hong Kong Seeks to Widen DLT Use in Trade Finance

Hong Kong's banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.

Business  ·  27 June 2018
Banking

How Commerzbank Is Throwing Out the Business Blockchain Playbook

The German bank is building on five different blockchains, and not just to hedge its bets – it sees a multi-chain future.

Business  ·  25 June 2018
Bitcoin

Bitcoin Is ‘Not For Me’ Says Goldman Sachs CEO

For Lloyd Blankfein, bitcoin just isn't his thing, according to new comments made Tuesday.

Markets  ·  19 June 2018
Bitcoin

Bitcoin, DLT and Bank Ledgers: A Central Banker’s View

The man in charge of China's quest to research and deploy distributed ledgers outlines his view on the breakthroughs of bitcoin and potential of DLT.

Business  ·  19 June 2018
Russia

Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.

Business  ·  18 June 2018
Regulation

Metropolitan Bank Is Handling Millions for Crypto Clients (And It Wants More)

To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank in New York, they're "pioneers."

Policy & regulation  ·  18 June 2018
Russia

Russian Treasurers Association Joins Masterchain Banking Pilot

The Russian Association of Corporate Treasurers is joining the nation's central bank in trialing the government-run Masterchain blockchain platform.

Markets  ·  14 June 2018
Loans

Chinese Banks to Put Credit Blacklist on a Shared Blockchain

The banking arm of Chinese retail giant Suning is testing a blockchain that would allow banks to share a ledger of users with bad credit scores.

Business  ·  14 June 2018
Regulation

Korean Banks Can Use Blockchain to Verify Customer IDs from July

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

Policy & regulation  ·  12 June 2018