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Banking
'Already Live': Signature Bank Is Moving Millions on a JPMorgan-Like Private, Dollar-Backed Cryptocurrency
While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
Blockchain Startups Are Modernizing Iran's Financial Infrastructure
Sources in Iran say the country's financial sector is taking clear steps toward a state-backed token economy.
HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
JPMorgan Has Its Own Crypto and It's Starting Real-World Trials
JPMorgan has built a crypto token and it's moving to real-world trials in "a few months," according to a CNBC report.
Digital Asset Loses Second CTO in 6 Months as Startup Shake-up Continues
James Powell, CIO and CTO of engineering at Digital Asset, has left the enterprise blockchain startup after just six months.
Japan’s Biggest Bank Launching Blockchain Payments Network in 2020
Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.
Blockchain Sleuthing Startup Chainalysis Raises $30 Million
The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm's $16m Series A.
High School Team Places Third in Barclays Blockchain Challenge Event
A U.K. school won third place in a blockchain interoperability hackathon hosted by Clearmatics at the Barclays Rise fintech hub in London.
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Gold-Backed Cryptocurrency Launched by Iranian Banks: Report
Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”
