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PortuguêsBrexit, the European divorce saga that has been going on for years, has created a lot of headaches for politicians and ordinary people on both sides of the Channel. The…
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Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions. Unveiled…
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JPMorgan’s blockchain payments platform has just onboarded its first Singapore-based bank. With the addition of OCBC – the second-largest bank in Southeast Asia by assets – JPMorgan’s Interbank Information Network…
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The Committee of Monetary Policy (COPOM) of Argentina’s Central Bank (BCRA) announced the intention to increase the monetary base by 2.5% per month for the next two months on Sept.…
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Bank of America has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain technology. Founded by startups R3 and TradeIX, Marco Polo is built on…
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The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services. Arab Bank (Switzerland) announced on Thursday that it will…
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U.S.-based financial giant Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the tokenized dollar will be…
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Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a…
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JPMorgan’s blockchain-based payments initiative has added Deutsche Bank as its latest member. The addition brings the total number of banks signed up for the Interbank Information Network (IIN) to 320, according…
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Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck…
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Crypto brokerage Tagomi released its borrowing and lending platform to the wider public, enabling investors to short cryptocurrencies like bitcoin and ethereum. Tagomi’s COO Kevin Johnson told CoinDesk that its…
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Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia. According to a press release published by the bank on Sept. 12, the service —…
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Spanish banking giant Santander says it has become the first institution to use a public blockchain to manage all aspects of a bond issue. Revealed Thursday, the company not only…
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Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European…
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Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC). Open standards are…
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The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after…
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Banking is often seen as the antithesis of Bitcoin (BTC), the very industry the nascent protocol looks to defuse and disrupt. Ironically, many banks are desperately in need of the…
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European Central Bank (ECB) president candidate and International Monetary Fund (IMF) chief Christine Lagarde stated on Sept. 4 that central banks and financial supervisors should protect consumers but also be…
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Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia…
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A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the…
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HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan. The bank said Tuesday that the transaction was marked progress for the Voltron trade finance blockchain platform…
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Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg…
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Cryptocurrencies are upending the worlds of banking, retail and payments in countless ways, but there has been one area where this burgeoning industry has somewhat fallen behind: investments. While it…
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The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) announced a new blockchain association. Latin America focused business intelligence firm BNamericas reports on Aug.…
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The Kerala Blockchain Academy (KBA), a government initiative under the Indian Institute of Information Technology and Management, is now a general partner of R3. Local news outlet The Economic Times…
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German bank WEG Bank obtained a cryptocurrency trading and custody in Estonia. WEG Bank confirmed in a tweet published on Aug. 25 that it obtained a crypto trading and custody…
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The Commonwealth Bank of Australia is currently prototyping blockchain tokens meant to enable landowners, environmental groups, developers and governments to invest in sustainable development. Commonwealth Bank’s ‘BioTokens’ The bank announced…
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Bank of America is seeking to patent a “partitioned” security system for digital currency wallets that gives different users different levels of access to the stored funds. The second-largest U.S.…
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Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority (BaFin) for its Security Token Offering (STO) platform. A regulated STO platform…
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The World Bank raised over $33 million for its Kangaroo bond on a blockchain. The international organization announced on Aug. 16 that it raised an additional A$50 million (over $33…
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Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender. According to an updated IPO filing, Silvergate, which serves some of the…
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The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and…
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Marco Polo, the trade finance blockchain network launched in 2017 by R3 and TradeIX, is moving slowly but surely toward production. The latest milestone in the 22-bank blockchain consortium’s methodical…
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South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchain According to a report published…
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Shinhan, 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. For the effort, the…
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The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found…
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A New Zealand bank has invested a “significant” amount in a startup working to put trade finance on a blockchain. Announced Tuesday, ABS Bank – an institution owned by the Commonwealth…
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A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain. “The integration of Bitex into Bantotal program represents…
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Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin. In an analyst’s note, part of which was tweeted Monday by Su Zhu,…
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A small bank in New York City has started doing business with cryptocurrency firms, joining the very short list of U.S. financial institutions to embrace the sector. Quontic Bank opened a…
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