Business News

News

IBM Says It’s Ready to Work with Facebook on Blockchain

IBM is willing to team up with Facebook to develop blockchain technology, as building that ecosystem is “a team sport.”

Business  ·  23 September 2019
News

Overstock Appoints New CEO, Remains Committed to Blockchain

The online retail giant has announced that Jonathan Johnson – who's led the firm since the departure of Patrick Byrne – is now its permanent CEO.

Business  ·  23 September 2019
Stock Exchanges

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

SIX has launched a pilot version of SDX, its exchange and central securities depository (CSD) for digital assets.

Business  ·  23 September 2019
Bitcoin

MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.

Business  ·  23 September 2019
Bitcoin Futures

Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect

Bakkt is finally launching Monday. Here’s what to expect from bitcoin’s first regulated, physically settled, institutionally focused futures market.

Business  ·  23 September 2019
Options

CME Group Is Launching Bitcoin Options Early in 2020

Derivatives marketplace CME Group says it will offer options on its bitcoin futures contracts starting in the first quarter of next year.

Business  ·  20 September 2019
JPM Coin

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT. 

Business  ·  20 September 2019
Banking

Bank of America Joins Marco Polo Blockchain Trade Network

The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.

Business  ·  19 September 2019
Banks

Arab Bank’s Swiss Arm Is Launching Cryptocurrency Services

The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services.

Business  ·  19 September 2019
News

Abra to Add Cash-to-Crypto Outlets at All Philippines 7-Elevens

Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines, including all 7-Eleven stores.

Business  ·  19 September 2019
Regulation

Binance Is Pitching Its Stablecoin as a Government-Friendly Libra Competitor

Binance is now positioning its Venus stablecoin project as an alternative to Facebook's Libra, a month after downplaying any suggestions of rivalry.

Policy & regulation  ·  18 September 2019
Exchanges

New York Among 13 States Excluded as Binance.US Opens for Registrations

The U.S. arm of cryptocurrency exchange Binance is opening for registration and deposits on Wednesday.

Business  ·  18 September 2019
Stablecoins

Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement

U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.

Business  ·  17 September 2019
News

Harbor Tokenizes Real Estate Funds Worth $100 Million on Ethereum

Harbor has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million.

Business  ·  16 September 2019
JPM Coin

Deutsche Bank Joins JPMorgan’s Crypto Payments Network

JPMorgan's blockchain-based interbank payments initiative, IIN, has added Deutsche Bank as its latest member, bringing the total to 320 banks.

Business  ·  16 September 2019