Banking


Markets

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.

Saudi banknote

Markets

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.

JPMorgan

Tech

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.

David_Rutter_R3_Consensus

Markets

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.

Symbiont_Mark_Smith_Consensus_2016

Markets

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.

(Sundry Photography/Shutterstock)

Markets

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.

Wyoming senate room

Markets

Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other

U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.

barclays_building_shutterstock

Markets

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.

robert_mancone_we_trade_3

Markets

Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.

Pakistani rupee

Markets

The Coming Bifurcation of Bitcoin

Two particularly important ideas related to bitcoin's future are likely going to conflict with each other. But that doesn't need to a problem.

lights, split

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