Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project
Blockchain
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Blockchain
40 views

Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project

btcethereumadmin - May 17, 2019

Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-powered digital cash system. Sources ostensibly familiar with the matter have…

World Bank Leads Secondary Market Phase of Bond-I Blockchain Bond
Blockchain
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Blockchain
5 views

World Bank Leads Secondary Market Phase of Bond-I Blockchain Bond

btcethereumadmin - May 16, 2019

A three-way partnership saw secondary market trading go live, which participants say marks a world first. The World Bank and Commonwealth Bank have successfully enabled secondary market…

Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins
Bitcoin
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Bitcoin
10 views

Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins

btcethereumadmin - May 16, 2019

The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy. CEO Nevin Freeman of stablecoin startup…

Bank of America CTO Catherine Bessant: We Haven’t Found a Blockchain Use Case in Finance
Blockchain
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Blockchain
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Bank of America CTO Catherine Bessant: We Haven’t Found a Blockchain Use Case in Finance

btcethereumadmin - May 15, 2019

Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector. Catherine Bessant, chief technology officer at Bank of America,…

Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection
Bitcoin
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Bitcoin
10 views

Crypto Prime Dealer SFOX Partners With New York Bank to Offer New FDIC Protection

btcethereumadmin - May 15, 2019

M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk. Institutional cryptocurrency prime dealer SFOX has partnered with…

Crypto Custodians Foresee Growth in Partnerships with Traditional Custodians
Blockchain
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Blockchain
70 views

Crypto Custodians Foresee Growth in Partnerships with Traditional Custodians

btcethereumadmin - May 15, 2019

Onchain Custodian CEO predicts more collaboration between traditional and crypto custodians; fellow panelists agree. Alexandre Kech, CEO of Onchain Custodian, predicted that collaboration between crypto and traditional…

Three French Banks Join R3 Corda Blockchain-Based Loans Platform
Blockchain
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Blockchain
18 views

Three French Banks Join R3 Corda Blockchain-Based Loans Platform

btcethereumadmin - May 14, 2019

BNP Paribas, Natixis, and Societe Generale have joined Finastra’s syndicated lending platform Fusion LenderComm. British financial software firm Finastra has signed three global banks on its R3…

Major Brazilian Bank Brodesco Joins R3 Corda-Powered Global Trade Finance Network
Blockchain
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Blockchain
9 views

Major Brazilian Bank Brodesco Joins R3 Corda-Powered Global Trade Finance Network

btcethereumadmin - May 14, 2019

Prominent Brazlian bank Banco Bradesco has become the latest institution to join R3’s Marco Polo international blockchain network for trade finance. Prominent Brazlian bank, Banco Bradesco, has…

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD
Altcoin
2908 views
Altcoin
2908 views

Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD

btcethereumadmin - May 13, 2019

Every PAX deposited on the company’s platform can now be immediately sent as USD to a bank account. The company behind the Paxos Standard (PAX) stablecoin announced…

Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks
Crypto News
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Crypto News
42 views

Crypto Wallet Abra Adds In-App Support for ‘Thousands’ of US Banks

btcethereumadmin - May 10, 2019

Cryptocurrency wallet and investment app Abra now allows users to connect accounts from “thousands” of U.S. banks, the firm announced Thursday. The expanded bank options come courtesy…