2019-11-7 13:25 |
The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.
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China’s central bank and financial regulator, the People’s Bank of China (PBoC) has endorsed the revolutionary distributed ledger technology (DLT). The apex bank has made it clear that blockchain tech has real use cases in the financial sector, as it significantly reduces the risks involved in trade finance, reports Reuters on November 6, 2019.
2019-11-7 14:00 | |
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Coinspeaker Central Bank of China Official Asks Commercial Banks to Adopt Blockchain TechnologyAn official at the central bank of China believes that blockchain will help to ensure continuous growth in the tech sector.
2019-10-28 18:12 | |
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The Chinese central bank, known as the People’s Bank of China, has recently put up a recruitment notice on its official site. According to the job post, the state bank is looking for six tech experts who have a lot of experience with blockchain technology. Most of the people hired are set to work on […]
2019-10-12 02:52 | |
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Bank of America has begun hiring for blockchain positions, the first indicator that the bank plans to do much else with the tech besides filing patents.
2019-10-11 13:00 | |
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As the concept of blockchain becomes more and more widespread, many companies are roping it in to help with their internal processes. The institution stated that blockchain technology offers a multitude of benefits for the financial industry.
2019-10-8 17:39 | |
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In this column, “Just putting this out there…,” we write about the odd ways we engage with tech and the unpopular opinions we form about it. You can read the rest of the articles in this series here.
2019-9-22 14:06 | |
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The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.
2019-9-19 16:00 | |
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According to a Silicon Valley Bank survey, more than half of today’s health and tech startups expect to exit via acquisition. All too many founders think their lofty dreams and cleverly worded pitch decks will carry them through to successful exits.
2019-9-18 14:00 | |
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Facebook is set to go through another round of extreme questioning as it goes ahead with the plans to launch its controversial cryptocurrency Libra. The tech giant will face representatives of twenty-six central banks, including the Federal Reserve and the European Central Bank (ECB, in Basel, Switzerland, on Monday.
2019-9-17 11:36 | |
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Coinspeaker China’s Digital Currency and Libra to Bring Significant Benefits for Financial Inclusion and Blockchain TechBoth Facebook and the People’s Bank of China, have announced their digital currencies and are looking to release them to the public as soon possible.
2019-9-12 16:22 | |
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UAE-based bank, Abu Dhabi Commercial Bank [ADCB], is the latest member to join the blockchain community. The bank will reportedly use a blockchain platform offered by Singapore-based dltledgers, in order to deliver digitized trade finance to its customers.
2019-9-5 14:00 | |
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Coinspeaker PNC Launches Fintech Startup Numo Right Inside the BankPNC has gone beyond the normal by creating a tech startup Numo that exists within its ecosystem. Will the new trend be a unique mix of partnerships between finance and technology or just a hybrid?PNC Launches Fintech Startup Numo Right Inside the Bank
2019-8-30 13:42 | |
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Alibaba, Tencent, Union Pay, and other large financial institutions are reported to be the the first receivers of China’s sovereign cryptocurrency initiative, as per Forbes, August 27, 2019. Paul Schulte, the ex-head of global financial strategy at the China Construction Bank is the main spruce behind the information.
2019-8-28 16:00 | |
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Blockco, a South Korean blockchain company that was backed by the tech giant Samsung has managed to raise $7.5 million recently during its latest Series B+ funding round. According to the company, the round was led by the Shinhan Bank, one of the largest forex banking institutions in the country. Other prominent investors included the […]
2019-8-23 00:18 | |
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Blocko, a blockchain firm working on enterprise applications of the tech, says it's raised $7.44 million from investors including Shinhan Bank.
2019-8-23 15:00 | |
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Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.
2019-8-22 11:55 | |
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The Central Bank of the Philippines has recently decided to allow two new companies to operate as cryptocurrency exchanges within its boundaries. Now, Telcoin Corpl and Atomtrans Tech Corp will both be able to offer its services in the country.
2019-8-20 23:00 | |
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Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds.
2019-8-20 19:00 | |
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Ripple’s Swell 2019 event is getting ready to be started in November on 7th and 8th. The event is known for bringing together the trusted voice across financial services, payments, technology, and policy to share what’s unfolding in global payments.
2019-8-15 19:49 | |
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One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.
2019-8-14 12:56 | |
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In a move that will undoubtedly excite Ripple supporters, Bank of America (BofA) has filed a patent describing an international settlement system based on Ripple’s distributed ledger technology.
2019-7-24 00:29 | |
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Union Bank of the Philippines will experiment with the use of blockchain tech for remittances, allowing overseas Filipino workers to exercise more control over who receives any money sent back home.
2019-7-24 00:05 | |
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India is preparing to do the impossible by banning cryptocurrencies such as Bitcoin in any form, a newly leaked document revealed this week. Alleged Draft Law ‘Prohibits’ Bitcoin & Crypto Uploaded to sharing site Scribd by local blockchain and tech lawyer, Varun Sethi, the document allegedly shows the preliminary text of a new law designed to “prohibit the use of cryptocurrency.
2019-7-16 19:00 | |
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Facebook certainly rattled some cages when it announced its own cryptocurrency last month. A number of nations including Russia and China have expressed concern over the rising dominance of US tech and internet giants, especially if they’re aiming to manipulate finances as they currently do with data.
2019-7-9 12:00 | |
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Facebook’s motto has been to move fast and break things. That battle cry is about to be tested as regulators across the world are being urged to act even faster and prevent the tech firm from developing its Libra cryptocurrency in a ‘regulatory void’.
2019-7-9 11:17 | |
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At almost every point in our day, we interact with digital technologies which collect our data. From the moment our smart phones wake us up, to our watch tracking our morning run, every time we use public transport, every coffee we purchase with a bank card, every song skipped or liked, until we return to bed and let our sleep apps monitor our dreaming habits – all of these technologies are collecting data.
2019-7-7 10:10 | |
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Ripple has been working towards developing its technology and promoting its native crypto, XRP, for years now, managing to get many powerful financial institutions to use its tech. However, the general public still deals with problems related to payments and money transfers.
2019-7-6 17:00 | |
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As the world moves towards regulating crypto for its adoption, China’s indecisiveness about crypto and the proposal to ban the mining of crypto could be an area of conflict. In June, the People’s Bank of China [PBOC] in a statement said that it would block access to all domestic and foreign crypto exchanges along with […] The post Tech may push censorship boundaries in China as population shows increasing interest in crypto appeared first on AMBCrypto.
2019-7-5 23:00 | |
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Crypto merchant bank Galaxy Digital has led a $5.5 million Series A for Clause, a digital contract management startup that uses blockchain tech.
2019-6-28 16:00 | |
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Despite dividing opinions earlier this year with its “cryptocurrency” JPM Coin, American bank JP Morgan is rolling out its blockchain-based tech to more clients. JP Morgan says potential clients from the US, Europe, and Japan are interested in using its digital coin to speed up securities trading, Bloomberg reports.
2019-6-25 15:41 | |
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In a report published by the Bank for International Settlements, the "bank for central banks" asked that regulators keep banks in mind when they update and create new financial rules as Facebook and other tech companies enter the payments and custody business.
2019-6-24 19:01 | |
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The Bank for International Settlements (BIS), an institution owned by the world's central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-25 16:18 | |
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The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.
2019-6-24 16:18 | |
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The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
2019-6-25 12:40 | |
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Ever since Facebook, (the tech giant that taught the world how not to do privacy), unveiled Libra, it has amassed both positive and negative sentiment of both regulators and financial players across the globe.
2019-6-21 14:15 | |
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Mark Carney, the Bank of England governor stated that adoption of distributed ledger tech (DLT) initiatives will help to “unlock billions of pounds in capital and liquidity. ” The governor explained that such projects will soon experience closer backing by the central bank itself.
2019-6-21 04:57 | |
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The world’s 7th biggest bank, HSBC, uses tokenization tech in its account receivable infrastructure for corporate clients in India
2019-6-19 23:07 | |
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The Financial Action Task Force (FATF) is set to release new rules and guidelines regarding the cryptocurrency market. Per a report on Bloomberg on June 11, 2019, the upgraded guidance seeks to apply bank rules to the innovative sector.
2019-6-12 11:00 | |
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Blockchain technology just got a major boost after 14 major financial firms led by the Swiss multinational investment bank UBS Group AG came together in developing a blockchain-based digital currency for use in instant cross-border payments, as reported by Nikkei Asian Review on June 3.
2019-6-5 17:34 | |
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Despite talk of India leading the tech revolution and the ‘Digital India’ campaign, the present government remains hesitant about embracing cryptospace. Consequentially, several crypto-businesses have either tasted the dust or found shelter in crypto-friendly countries such as Australia.
2019-6-5 16:00 | |
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Burkhard Balz, a German politician who is now member of the board of the German central bank, Bundesbank, has argued blockchain tech really adds value when tokenizing real assets. “This...
2019-6-2 16:23 | |
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Civil, a startup attempting to use blockchain tech to bring transparency between journalists and readers, will lose its account with First Republic. While it's unclear why the bank has decided to terminate services, Civil's COO believes it's because the startup is a "crypto-related company."
2019-6-1 23:35 | |
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Jens Weidmann, the president of Deutsche Bundesbank, the central bank of Germany, said a blockchain trial project used for the transfer and settlement of securities and cash proved slower and more costly than the current traditional methods, Bloomberg reported on May 29.
2019-5-31 21:49 | |
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Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.
2019-6-1 21:48 | |
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The technology is always moving forward, so financial institutions cannot get behind the times. Recently, a group of four banks (DekaBank, DZ Bank, Dwpbank and Helaba) has decided to start a new blockchain-based initiative.
2019-5-23 01:39 | |
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Sa Xiao, Council Member at the Bank of China Law Research Association, was reported as saying that holding Bitcoin in China is still legal. Xiao added that in addition to that, trading Bitcoin amongst individuals remains legal in the country.
2019-5-22 14:29 | |
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The Central Bank of Myanmar (CBM) is determined to curb the growing local cryptocurrency industry. This comes after the central bank issued a warning against engaging in cryptocurrency activities.
2019-5-21 16:58 | |
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Despite abandoning plans to build its own Bitcoin wallet, ABN AMRO is not quite done with blockchain tech. The Dutch banking giant has announced plans to launch a decentralized trade inventory platform in collaboration with Accenture and ING Bank, according to a press release (spotted by CoinDesk).
2019-5-20 18:00 | |
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JPMorgan Chase & Co, one of the largest banks in the world, says that the recent rally by Bitcoin is similar to the one it experienced two years ago. The bank maintains that the price spike means that BTC is trading above its intrinsic value.
2019-5-20 15:39 | |
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More than 24,000 United Nations staff are set to gain blockchain skills as the UN expands its academy, developed in partnership with the Algorand Foundation. The United Nations Development Programme is expanding its blockchain education academy to provide training to…
BlackRock is expanding its tokenized fund — BUIDL — to multiple blockchains. BlackRock has announced the expansion of its BlackRock USD Institutional Digital Liquidity Fund — BUIDL — which is tokenized by Securitize, to five additional blockchains: Aptos (APT), Arbitrum…
The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and crypto-related pledges.
After more than a year of hype and expectation, layer-2 network Scroll's governance token launch is beginning to fall short of expectations after being plagued by token allocation issues.
Arkham Intelligence, a blockchain data firm, plans to launch a cryptocurrency derivatives exchange next month, according to reporting from Bloomberg. Backed by investors like OpenAI founder Sam Altman, the startup is relocating its operations from London and New York to…
A digital art piece inscribed on Bitcoin’s Ordinals protocol titled “Ascend” has been sold for $57,450 at Christie’s Post-War and Contemporary Art Day, beating it’s low estimate of $39,000.
Crypto wallet provider Kresus has partnered with Christie’s to bring blockchain technology to art ownership. As part of Christie’s photography auction, “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” Kresus will issue digital Certificates of…