Banking


Mercati

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

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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

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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

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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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Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups

A new memo by the Texas Department of Banking notes that stablecoins may fall under the state's definition of "money" and therefore would be subject to money transmission laws.

currencies

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Fidelity's Man: Can Tom Jessop Bridge Crypto and Wall Street for Good?

CoinDesk profiles Fidelity's Tom Jessop, who is leading the firm's effort to link the worlds of digital assets and Wall Street.

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2019: The Year Blockchain Begins Finance's Great Unbundling

There will be opportunities for smart blockchain companies that can find their niche in the coming unbundling, says Ripple's Asheesh Birla.

clock, parts, time

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Documents Suggest Tether Has Fiat Funds to Back Stablecoin: Report

Tether Ltd. may have the cash reserves to back up its 1.8 billion dollar-pegged tokens, says Bloomberg.

Dollars

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This Brazilian Bank Is Using Ethereum to Issue a Stablecoin

The Brazilian National Social Development Bank is to pilot a stablecoin based on ethereum to combat corruption.

BNDES Brazil

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Crypto-Friendly Money App Revolut Wins EU Banking License

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

Revolut cards