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Banking
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.”
SWIFT Chief Announces Trial DLT Integration With R3
Global banking payments network SWIFT says it plans a trial integration with DLT provider R3.
Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.
Cryptos Would Only Have Value in 'Dystopian' Economy: JPMorgan
JPMorgan Chase has said that cryptocurrencies would only have value when confidence in traditional assets had been lost.
2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up
R3 is carrying out an internal reorganization, resulting in the departures of head of global services Brian McNulty and chief administrative officer Lauren Carroll, CoinDesk has learned.
Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont
Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures.
ING Bank, R3 Ink Deal for 'Unlimited' Corda Blockchain Deployment
Dutch banking group ING has inked a five-year licensing deal with blockchain consortium startup R3 to use its Corda Enterprise platform.
Wyoming Bill Would Clear the Way for Crypto Custody at Banks
Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.
