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Banking
Brazil's Central Bank Is Ramping Up Blockchain R&D
Brazil's central bank is now moving to increase the quantity of its blockchain work – months after abandoning the effort.

Pipe Dreams: Bitcoin Won't Solve Pot Industry's Banking Problem
Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.

Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies
Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin.

SIA Group, R3 Team Up for Blockchain Finance App Network
Technology infrastructure provider SIA Group and DLT consortium R3 have teamed up in an effort to get banks and corporates using blockchain apps.

11:FS Backs Off $50 Million Blockchain for Banking Fund
An emerging fintech consulting firm has revealed that it shuttered a fund aimed at raising money for enterprise blockchain startups.

Thai Bank Taps IBM for Contract Management Blockchain Pilot
Thailand's Bank of Ayudhya and IBM have completed a blockchain pilot aimed to streamline the contract management process.

UBS Chief Economist Compares Bitcoin to Tulip Mania
UBS chief global economist Paul Donovan has compared bitcoin to the Netherland's 1600s tulip crisis, but noted he was a fan of blockchain technology.

London Stock Exchange Exec: Fiat Cash Impeding Blockchain Trials
An exec from the London Stock Exchange hinted at growing pains for bank blockchains Tueday, suggesting fiat currencies may be hindering innovation.

R3 Unveils Cross-Border Payments Platform Built on Corda DLT Tech
R3 and 22 of its member banks have announced a cross-border payments platform built on top of the company's Corda distributed ledger.

BTC to DLT: Why Aren't Banks Giving Blockchain Startups Accounts?
A recent report by the FCA recognized that cryptocurrency startups have a hard time getting bank accounts. CoinDesk's Noelle Acheson looks at why.
