Banking

Banking

Australia’s CommBank Plans to Issue a Bond on the Blockchain

The Commonwealth Bank of Australia has revealed a plan to issue a bond over a blockchain system in collaboration with a major world issuer.

Business  ·  6 December 2017
Security

UBS Seeks IP Protection for Smart Contract Blockchain Validation

In a patent application released by the USPTO, money manager UBS indicated it was considering using smart contracts to validate transactions.

Business  ·  5 December 2017
Banking

Bitcoin Too Volatile for Goldman Sachs, Says CEO

Goldman Sachs CEO Lloyd Blankfein has said it's to early for the bank to consider a bitcoin strategy as it "doesn't feel like a store of value."

Business  ·  1 December 2017
Banking

BBVA Blockchain Pilot Cuts Time for International Trade Transactions

BBVA has utilized blockchain platform Waves to conduct a live international trade transaction trial between Spain and Mexico.

Business  ·  28 November 2017
Austria

Austrian Bank Raiffeisen Enlists in R3 Blockchain Consortium

Raiffeisen Bank International (RBI) has become the first Austrian banking group to join the R3 distributed ledger consortium.

Business  ·  23 November 2017
Smart Contracts

State Bank of India to Beta Test Blockchain Smart Contracts Next Month

The State Bank of India is planning to beta launch smart contracts and blockchain-based know-your-customer processes.

Business  ·  20 November 2017
Banking

JPMorgan, Goldman Sachs Trial DLT for Equity Swaps

Financial firms including JPMorgan Chase and Goldman Sachs have carried out equity swaps over a DLT system.

Business  ·  20 November 2017
Hong Kong

Over 20 Banks Join Singapore-Hong Kong Blockchain Trade Network

A number of banks have joined the recently announced blockchain-based trade network pilot jointly set up by Hong Kong and Singapore.

Business  ·  17 November 2017
Bitcoin

$100 Bitcoin? Japan Post Bank’s CIO Blasts ‘Bubble’ Value

Bitcoin's astonishing price rally this year continues to attract skeptics, including the CIO of Japan Post Bank.

Business  ·  16 November 2017
Banking

American Express Opens First Blockchain Corridor With Ripple Tech

American Express just had its "Charles Lindbergh moment," using Ripple's blockchain to connect Santander clients in Europe and the U.S.

Business  ·  16 November 2017
Bitcoin

I’ll Give You My Bitcoin When You Pry It From My Cold, Dead Hands

Unlike money in the bank, cryptocurrency can't be unilaterally seized by governments, clawing back a modicum of power for the individual.

Business  ·  14 November 2017
Banking

Ubin Part 2: Singapore Central Bank Publishes Blockchain Project Details

A new report from the Monetary Authority of Singapore details the second phase of its "Project Ubin" blockchain project.

Policy & regulation  ·  14 November 2017
Ethereum

Brazil’s Central Bank Is Ramping Up Blockchain R&D

Brazil's central bank is now moving to increase the quantity of its blockchain work – months after abandoning the effort.

Policy & regulation  ·  13 November 2017
Regulation

Pipe Dreams: Bitcoin Won’t Solve Pot Industry’s Banking Problem

Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.

Policy & regulation  ·  11 November 2017
Banking

Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies

Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin.

Business  ·  9 November 2017