Tag: banking

Banking
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CME Group CEO Terry Duffy: Government Involvement Key to Crypto’s Success

Brian Evans - Feb 15, 2019

It is very difficult for major commercial banks to get involved with crypto until governments start to accept cryptocurrencies, according to Terry Duffy, CME Group CEO

Banking
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‘Already Live’: Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency

Brian Evans - Feb 14, 2019

While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.

Banking
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Iran’s Government Is Using Crypto Startups as Part of Its Blockchain Embrace

Brian Evans - Feb 14, 2019

Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.

Banking
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HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

Brian Evans - Feb 14, 2019

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades by a quarter.

Banking
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JPMorgan Moving Its In-House Crypto to Real-World Trials: Report

Brian Evans - Feb 14, 2019

JPMorgan's in-house crypto token is moving to real-world trials in "a few months," according to a CNBC report.

ASX
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Digital Asset Loses Second CTO in 6 Months as Startup Shake-up Continues

Brian Evans - Feb 13, 2019

James Powell, CIO and CTO of engineering at Digital Asset, has left the enterprise blockchain startup after just six months.

Banking
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Japan’s Biggest Bank Launching Blockchain Payments Network in 2020

Brian Evans - Feb 13, 2019

Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.

AML
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Blockchain Sleuthing Startup Chainalysis Raises $30 Million Series B

Brian Evans - Feb 12, 2019

The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm's $16m Series A.

atm
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Major Philippines Bank Union Bank Launches Two-Way Crypto ATM: Report

Brian Evans - Feb 11, 2019

The Philippines: major local bank Union Bank establishes what is reportedly the country’s first two-way crypto ATM

Banking
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High School Team Places Third in Barclays Blockchain Challenge Event

Brian Evans - Feb 09, 2019

A U.K. school won third place in a blockchain interoperability hackathon hosted by Clearmatics at the Barclays Rise fintech hub in London.