Business News

IEO

Token Investors May Sue After Former Korean Social Media Giant Shuts Down

A once hugely popular social media site, Cyworld's abrupt closure brings uncertainty to holders of its recently launched crypto token.

Business  ·  14 October 2019
Exchanges

Coinbase Eyes European Growth After Winning Irish E-Money License

Cryptocurrency exchange Coinbase has been granted an Irish e-money license that will bring it greater access to EU and EEA markets.

Policy & regulation  ·  14 October 2019
Banking

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia.

Business  ·  11 October 2019
Legal

Facebook’s Calibra Sued by Mobile Banking App Over Similar Logos

The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.

Policy & regulation  ·  11 October 2019
Blockchain

Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents

The second-largest U.S. bank has begun hiring for blockchain positions.

Business  ·  11 October 2019
Ethereum

Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.

Business  ·  11 October 2019
Bitcoin

Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

The U.K.-licensed firm's new product allows clients to synthetically trade gold against bitcoin and aims to capitalize on a growth in haven assets.

Business  ·  10 October 2019
SIX

Swiss Central Bank to Explore Use of Digital Franc in Settling Trades

Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets.

Policy & regulation  ·  9 October 2019
Forex

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.

Business  ·  8 October 2019
Ethereum

Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts

The Enterprise Ethereum Alliance has created a token to incentivize firms to participate in consortiums. The system is backed by Microsoft and Intel.

Business  ·  7 October 2019
Ethereum

NBA’s Sacramento Kings to Reward Loyal Fans With Crypto Tokens

Based on the ERC-20 standard, the Kings Token will be a first for a U.S. professional sports team.

Business  ·  7 October 2019
Vitalik Buterin

Meet the Russian Oligarch Launching a Metal-Backed Crypto Token

Vladimir Potanin, one of Russia's richest people, tells CoinDesk about his plans for a palladium-backed token and a tokenized commodities exchange.

Business  ·  7 October 2019
Exchanges

Coinbase in Talks to Acquire Rental Startup Omni’s Engineering Staff: Report

Th cryptocurrency exchange is said to be in talks to acquire the human assets of Omni, a Ripple-backed rental and storage firm.

Business  ·  7 October 2019
Governance

Hyperledger Blockchain Group Weighs Changes to Fix Election Issues

The blockchain consortium’s powerful technical steering committee is discussing changes to its elections process to boost voter turnout and more.

Business  ·  7 October 2019
Brexit

DTCC Pushes Back Blockchain Project to Avoid Brexit Complications

The DTCC has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of Brexit. 

Business  ·  4 October 2019