Business News

Startups

Anti-Patent Troll Consortium Is Recruiting Blockchain Startups

Three blockchain startups have joined a multi-industry consortium that protects its members from patent trolls.

Business  ·  3 June 2019
Supply Chain

Walmart Joins Pharmaceutical-Tracking Blockchain Consortium MediLedger

Retail giant Walmart has joined MediLedger, a consortium building a blockchain for tracking pharmaceuticals.

Business  ·  3 June 2019
Banking

SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App

SBI Ripple Asia is live testing in-store payments using its Ripple xCurrent-powered Money Tap app before a full launch "this year."

Business  ·  31 May 2019
Exchanges

Collapsed Crypto Exchange Cryptopia Owes Creditors $2.7 Million: Liquidators

The liquidators of hacked New Zealand crypto exchange Cryptopia say it owes over $2.7 million to creditors, while user losses are still unknown.

Business  ·  31 May 2019
Insurance

State Farm, USAA to Pay Each Other Insurance Claims on Blockchain by 2020

Insurance giants State Farm and USAA are in advanced testing of a blockchain to automate claims processing.

Policy & regulation  ·  30 May 2019
Exchanges

Huobi Clamps Down on Crypto Wash Trading After Bitwise Report

Huobi said it has taken steps to discourage wash trading in the wake of a report that implied the exchange inflated trading volume.

Business  ·  30 May 2019
Exchanges

Binance Partners With Crypto Lending and Borrowing Firm Cred

Binance exchange is teaming up with Cred to offer cryptocurrency lending and borrowing services across its ecosystem.

Business  ·  30 May 2019
Banks

Three of Ireland’s ‘Big Four’ Banks Using Blockchain to Verify Staff Credentials

Bank of Ireland, AIB and Ulster Bank, are using a Deloitte blockchain system to verify and track employees' credentials.

Policy & regulation  ·  30 May 2019
Cryptocurrency

Egypt Lifts Ban, Will Allow Licensed Cryptocurrency Companies

Egypt is considering legislation that would let the central bank issue licenses for cryptocurrency-related activities.

Business  ·  29 May 2019
Tokenization

Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance

Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.

Business  ·  29 May 2019
Exchanges

U.K. Exchange Coinfloor Is Getting Paid to Help Crypto Firms Access Banking

Coinfloor will collect a fee for referring reputable crypto startups to electronic money institution Enumis for bank-like current accounts.

Business  ·  29 May 2019
Banking

IBM Blockchain Finance Lead Jesse Lund Is Leaving the Firm

Jesse Lund, IBM’s global head of blockchain for financial services, is no longer working for the company.

Business  ·  28 May 2019
Loans

South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance

Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products. 

Policy & regulation  ·  28 May 2019
Banking

JPMorgan Adds Privacy Features to Ethereum-Based Quorum Blockchain

JPMorgan has developed a new privacy feature for ethereum-based blockchains that hides both the sender and the amount in a transaction.

Business  ·  28 May 2019
Gaming

Vroom! F1 Racing Game Offers First Crypto Collectable

F1 Delta Time, a blockchain-based racing game, is offering its first crypto collectable – a unique racecar called 1-1-1.

Business  ·  27 May 2019