2020-1-16 15:00 |
The Reserve Bank of Australia (RBA) — the country’s central bank says adoption of state-backed digital currency for interbank settlement could provide certain advantages like cost savings and better financial inclusion. origin »
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Bank of America (BofA), the second-largest bank in the US, has joined the Paxos Settlement Service, a platform that leverages the blockchain to settle stock trades in minutes. A report unveiled this news on May 17, noting that this change will help the bank avoid the lengthy, antiquated settlement system, which took days to complete […] The post Bank of America joins the Paxos blockchain settlement network appeared first on Invezz.
2021-5-19 13:52 | |
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Garanti BBVA has announced that it is the first and only private bank to join Turkey’s digital asset blockchain network. The BiGA Digital Asset Transform Platform was developed by Istanbul Clearing, Settlement and Custody Bank (Takasbank), and was officially launched just before the New Year.
2020-1-16 14:30 | |
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В Турции Istanbul Clearing, Settlement and Custody Bank сообщил о запуске первой системы на основе блокчейна, которая будет использоваться для операций с цифровым золотом. Площадка получила название BiGA Digital Gold.
2020-1-2 12:36 | |
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Турецкий Istanbul Clearing, Settlement and Custody Bank (Takasbank) объявил о запуске BiGA Digital Gold — собственной системы на базе блокчейна для выпуска, погашения и передачи оцифрованного золота.
2020-1-2 15:39 | |
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According to a recently published press release, Takasbank, Turkey's Istanbul Clearing, Settlement and Custody Bank, has announced that its physical gold-backed transfer system based on blockchain hasThe post Turkey-based bank launches blockchain-based physical gold-backed transfer system appeared first on AMBCrypto.
2019-12-31 21:30 | |
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Agustin Carstens, the General Manager of Bank of International Settlement (BIS) who earlier believed Central Bank issued Digital currencies (CBDCs) were no good, has changed his stance. In his recent speech titled “The future of money and the payment system: what role for central banks?” Carstens seemed to emphasize that CBDC's could open the gates […]
2019-12-8 23:25 | |
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The Central Bank of France is pushing for a blockchain-powered settlement system in the European region for quick and cost-effective euro transfers. Dennis Beau, the Deputy Governor, spoke in support of the Distributed Ledger Technology during a speech on Thursday, November 21.
2019-11-26 01:54 | |
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The central bank of France wants the eurozone to build a DLT-based settlement system that moves euros faster and more cheaply than existing tech.
2019-11-26 15:00 | |
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As Cardano’s adoption continues to grow, its parent company, the Switzerland-based Cardano Foundation, has announced its plans to develop an ADA payment gateway in collaboration with an enterprise-grade Fintech platform, COTI.
2019-10-24 20:00 | |
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Cryptocurrency exchange Bitpanda has launched a service designed to provide a quick way of paying bills and transferring funds to bank accounts. The post Bitpanda Launches Quick Payment Service for Fiat Settlement appeared first on Bitcoin Magazine.
2019-10-18 01:27 | |
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The world's fourth-largest bank said cryptocurrency will allow near real-time money movement and cut out settlement middlemen, thus reducing costs from fees. Regarding the technical aspects of this new product, Wells Fargo has built their own blockchain using Corda Enterprise, the enterprise version of R3’s blockchain technology. While we will not see this product in […]
2019-9-21 19:26 | |
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The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.
2019-9-18 11:56 | |
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The blockchain space is growing and global banks are moving with it. Since the launch of JP Morgan’s blockchain settlement system, Interbank Information Network (IIN) on Quorum, a platform built on Ethereum, over 300 banks have joined in.
2019-9-16 17:35 | |
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The Instanbul Clearing, Settlement and Custody Bank (Takasbank), which is based in Turkey, has recently announced the launch of a new blockchain platform that would be used to trade physical gold. According to the bank, the new platform is going to be called BiGA (which means one gram of gold) and it will enable the […]
2019-9-7 02:51 | |
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Ripple has been ignoring all the criticism it has been targeted with by a part of the crypto-community, many of whom are worried about XRP’s price, by keeping to its business of promoting its technology along with XRP.
2019-9-6 16:14 | |
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At the third “China Financial Forty People Yichun Forum,” held on August 10, the deputy director of the Payment and Settlement Division of the People's Bank of China, Mu Changchun said the central bank’s digital currency DC/EP is now “ready” after five years of research.
2019-8-12 03:56 | |
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Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready.
2019-8-11 12:33 | |
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In a bid to make it possible for financial institutions under its purview to facilitate real-time, round-the-clock payments, the United States Federal Reserve, the nation’s central bank, has announced plans to launch its new payment and settlement service called FedNow, according to a press release on August 5, 2019.
2019-8-6 16:48 | |
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Former Royal Bank of Scotland (RBS) engineer have a project to amalgamate trading and settlement of virtual currencies on a privately owned blockchain. The platform is known as Digital Asset Shared Ledger (DASL, vocalized “dazzle”) which presents companies the capacity to re-imagine how value is moved and managed.
2019-8-1 17:06 | |
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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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The central bank of Germany, the Bundesbank, released a bulletin in which they say that Libra’s benefits should be allowed despite regulatory uncertainty. The bulletin was titled Crypto tokens in payment transactions and in securities settlement and it was published on July 22nd, according to Cointelegraph.
2019-7-23 18:54 | |
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A now publicly available patent from Bank of America (BofA) has revealed a system of real-time settlement that utilizes the Ripple ledger for inter currency transactions, July 20, 2019. Huge Breakthrough for Ripple Bank of America’s patent reveals the exclusive usage of the Ripple ledger to improve efficiency and cost-effectiveness of transactions as well asRead MoreRead More.
2019-7-21 11:51 | |
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Ripple, the real-time gross settlement system, has been working hard towards the adoption of their native cryptocurrency, XRP. While proponents of other cryptos are working towards increasing the use cases of the coin, Ripple took XRP to the banks and provided them with a liquidity solution called xRapid.
2019-6-21 21:00 | |
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Bank of England governor Mark Carney spoke positively about the Utility Settlement Coin project, now dubbed Fnality, during a appearance Thursday.
2019-6-21 20:10 | |
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Coinspeaker World’s Major Banking Giants Invest $63M into the New Digital TokenGlobal banking giants including Barclays from Europe, Credit Suisse, UBS, and MUFG Bank, together announce the Utility Settlement Coin (USC) cryptocurrency to leverage instant cross-border settlements at reduced costs.
2019-6-4 06:34 | |
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USB Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto.
2019-6-4 01:30 | |
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UBS Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, […] The post Swiss multi-national investment bank, UBS introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto.
2019-6-4 01:30 | |
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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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Weidman – President Of German Central Bank: “Blockchain Settlement Was Slow, Costly In Trial” According to the president of Germany's Central Bank – Jan Weidman – the recent performance of a trial project which made use of blockchain technology in order to provide an alternative transfer and settlement solution for securities and cash demonstrated that […]
2019-5-29 21:25 | |
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By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions.
2019-5-24 22:55 | |
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First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019.
2019-5-19 18:00 | |
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Coinspeaker World’s Largest Banks Investing $50M in Digital Cash Settlement SystemSeveral major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality.
2019-5-17 13:04 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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Indian tech multinational, Wipro, has developed a blockchain-based solution for banks in Thailand to settle dues. This comes as Indian government and banking authorities look to enact a blanket ban on all non-state-issued cryptocurrencies back home.
2019-5-8 21:00 | |
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Bank of Thailand and eight commercial banks will soon test interbank real time gross settlement by using a wholesale CBDC
2019-5-7 16:44 | |
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By CCN: Dave Ramsden, deputy governor for markets and banking at the Bank of England, said in an interview with CNBC that crypto assets like bitcoin are too volatile to be a store of value and they do not meet the principles of currency.
2019-5-1 03:00 | |
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Investment bank JPMorgan is reportedly expanding an existing blockchain platform with hundreds of banking members to include settlement.
2019-4-22 11:30 | |
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The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).
2019-4-3 00:47 | |
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Several users have reported that the US Federal Reserve Bank’s real-time settlement system has gone offline for a brief period of time. This prevented banks from completing a number of transactions, further highlighting the issues of centralized systems.
2019-4-2 20:00 | |
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On March 26, 2019, South Korea’s central bank published 2018 Annual Payment Settlement Report. In the report, the country’s apex bank has given a summary of research it conducted on central bank digital currencies (CBDCs).
2019-3-27 16:00 | |
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The Bank of Korea has included mentions of CBDCs in its annual payment settlement report, also announcing a blockchain trial later in 2019
2019-3-27 17:44 | |
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Santander Bank wrongly gave Ripple fans hope when a member of its support team tweeted the following on Friday: Hey Wes, we're doing great. We're using XRP for international payments to 18 EU countries and the USA.
2019-3-26 11:45 | |
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An ICO fraud case has concluded with a guilty plea. Jared Rice Sr. , the former CEO of decentralized bank startup AriseBank and creator of the AriseCoin, has pleaded guilty to cheating investors out of $4.
2019-3-23 16:35 | |
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HSBC Bank Plc, one of the largest banking and financial institutions in the world, is looking to form a strategic partnership with South Korean lenders in a bid to make its Voltron distributed ledger technology (DLT) platform commercially available for the settlement of trade invoices and more, reports The Korea Times on March 12, 2019.
2019-3-14 20:00 | |
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SIX Digital Exchange (SDX), an operator of Financial Market Infrastructure (FMI) regulated by FINMA and the Swiss National Bank, has chosen R3‘s Corda Enterprise blockchain platform for its digital asset listing, trading, settlement, and custodial services, according to a press release on March 7, 2019.
2019-3-8 19:30 | |
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Blockchain technology has been heralded as one of the biggest success of the cryptocurrency revolution. From successful settlement trials between Deutsche Bank and Commerzbank to a purported blockchain-based database to tackle fake university degrees, many see a bright future for the technology even if they harbor more skepticism for cryptocurrencies like Bitcoin. However, several significant […]
2019-3-7 18:13 | |
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Blockchain Settlement Trial Deemed A Success With German Banks Blockchain technology has been making its way through the fintech world, but most banks have to complete trials to see exactly how it would function with their needs.
2019-3-7 23:55 | |
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On March 1, 2018, Standard Bank announced that they would launch a blockchain-based payment system in the first half of 2019. A Hyperledger Fabric-Hosted Platform Standard Bank’s platform will utilize the Hyperledger Fabric.
2019-3-3 02:00 | |
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An IBM executive is unfazed by the current market realities, saying he sees Bitcoin (BTC) reaching a value of $1 million as a present possibility. Jesse Lund, vice president of Blockchain and Digital Currencies at IBM, shared his predictions at the IBM Think 2019 Conference, which took place February 12–15, 2019.
2019-2-23 00:42 | |
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Gotbit founder Aleksei Andriunin’s plea agreement would require him to forfeit around $23 million in stablecoins. If approved, he could avoid prison time and additional fines. Andruinin and the U.
Simple “engagement” isn’t enough. Banks need to start experimenting with tokenization and blockchain-powered settlement, or risk getting left behind, says Sygnum Bank’s Lucas Schweiger.
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward.
Binance Holdings Ltd. has been ordered to pay $4.3 billion as part of a plea deal approved by US District Judge Richard Jones, marking one of the heftiest criminal penalties in US history.
Binance.US attorney Matthew Laroche has asked a federal judge to consider ending the SEC’s investigation for potential fraud.
JPMorgan analysts believe that Binance’s $4.3 billion settlement stabilizes the crypto market and mitigates systemic risk.
The Department of Justice (DoJ) is scheduled to publicly disclose a resolution with crypto’s largest exchange Binance following news of a multi-billion settlement and major enforcement actions from regulators.