business news


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12 Chinese Banks Say They Deployed Blockchain in 2017

Nearly half of the 26 publicly listed banks in China said they deployed blockchain applications in 2017.

construction bank

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Fraudsters Take Aim at Investors in Controversial KodakCoin ICO

KODAKCoin's backers are calling a crypto exchange's ICO launch claims "fraudulent."

Kodak

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These ICO Investors Are Getting Their Money Back – And It's Not Clear Why

Seattle-based Dragonchain appears to be catching up with the rest of the blockchain industry as it pivots to cautiousness over U.S. regulation.

dragon, bridge

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California City's Blockchain Bond Is Definitely Maybe Happening

The "labyrinth" of city politics defies easy interpretation, but it seems that Berkeley is actually on its way to issuing on a bond on the blockchain.

berkeley on map

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JPMorgan Seeks Patent for Blockchain-Powered Interbank Payments

A patent application by JPMorgan Chase suggests putting financial transaction information on a distributed ledger.

jpmorgan

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Bitmain's Latest Crypto ASIC Can Mine Zcash

The company announced that it has developed hardware to mine the Equihash algorithm, spelling big changes for zcash and other coins.

miner, asic

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Square Books Small Profit for First Quarter of Bitcoin Sales

Square made $34.1 million in Q1 revenue through bitcoin sales, according to an SEC filing.

BTC

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Majority of Businesses Have No Plans for Blockchain, Gartner Finds

A survey by research firm Gartner, shows that 77 percent of CIOs from companies are not interested in deploying blockchain within their organization.

Eraser

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Inclusive Insurance? Businesses See Blockchain As Change-Enabler

A perfect storm of new tech including blockchain, the internet of things and big data analytics is changing the outlook for microinsurance.

farm, crop

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Reddit to Relaunch Bitcoin Payments (And Add More Cryptos)

Reddit is looking to bring back cryptocurrencies as a payment option – and this time bitcoin won't be the only option.

reddit