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Libra is ‘Catalytic Event’ for Central Banks, Says Head of Sweden’s Riksbank
15.10.2019
Libra, says Stefan Ingves, is forcing central banks to re-consider their primary product: money
Indian Supreme Court Postpones Crypto Case to November
15.10.2019
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case...
Italian Banks Successfully Test Data Reconciliation Via Blockchain
14.10.2019
Italian banks successfully processed the reconciliation data of an entire year of banking activity on a blockchain platform
US Financial Regulators Warn Crypto Asset Industries to Abide by the Banking Laws
14.10.2019
The heads of three financial regulators of the US, namely SEC (Securities and Exchange Commission), CFTC (Commodity Futures Trading Commission), and FinCEN (Financial Crimes Enforcement Network) have released a joint statement on October 11th, warning the crypto asset industries to adhere to...
Blockchain Revolutionizing Banking System: Crypto's Bright Future
14.10.2019
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
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Current status and issues
The blockchain has pursued decentralized ideal and it has succeeded to some extent. However, decent years after the invention of blockchain, some of its problems...
Chinese Banking Giant CCB Expands Blockchain Platform as Volume Breaks $53 Billion
11.10.2019
Chinese banking giant CCB has expanded its trade finance blockchain platform with cross-chain and inter-bank transactions
Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions
11.10.2019
Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia
Facebook’s Calibra Sued By Mobile Banking App Over Similar Logos
11.10.2019
The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016
SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws
11.10.2019
The heads of three U.S. financial regulators warned the crypto industry to abide by banking laws in a joint statement published Friday
Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents
11.10.2019
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
Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself
11.10.2019
Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said
Russian Central Bank Chief: ‘No Obvious Need’ for National Cryptocurrency
10.10.2019
Russia's central bank sees no strong reason to launch a national cryptocurrency that would override the potential risks, according to its chief
Ripple Extends Banking Network With Finastra Partnership
10.10.2019
Ripple's partnership with banking services firm Finastra will boost each company's capacity for cross-border payments
Ripple to Use Blockchain Technology for Finastra Banking Operations
9.10.2019
Finastra has partnered with Ripple blockchain solutions for using blockchain technology for its cross border transactions. The contract will facilitate Finastra customers with efficient and speedy operations using Ripple’s blockchain-based cloud network. Ripple will induce its RippleNet network...
Swiss Central Bank to Explore Use of Digital Franc in Settling Trades
9.10.2019
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets
Banking Giant UBS Goes Live on We.Trade Blockchain for Trade Finance
9.10.2019
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform that’s seeing growing adoption
For Non-Profits Working With Facebook, Libra Isn’t Such a Crazy Idea
9.10.2019
If their missions aren't served by Libra, Women's World Banking and Mercy Corps say they'll let it be known – loudly
London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker
9.10.2019
LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal documents
Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
8.10.2019
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated...
State-Owned French Bank Joins Bitcoin Startup’s $8 Million Series A
8.10.2019
Lightning-focused bitcoin startup ACINQ added an interesting investor to its cap table: Bpifrance, a state-owned bank that just made its first crypto investment