business news


Markets

Token Investors May Sue After Former Korean Social Media Giant Shuts Down

A once hugely popular social media site, Cyworld's abrupt closure brings uncertainty to holders of its recently launched crypto token.

korea, won

Markets

Coinbase Eyes European Growth After Winning Irish E-Money License

Cryptocurrency exchange Coinbase has been granted an Irish e-money license that will bring it greater access to EU and EEA markets.

Coinbase CEO Brian Armstrong

Finance

Trade Finance Blockchain Marco Polo Pilots First Russia-Germany Transactions

Marco Polo, the trade finance blockchain with over 20 global banks on board, is piloting its first trading arrangement between Germany and Russia.

IMG_0750

Markets

Facebook's Calibra Sued by Mobile Banking App Over Similar Logos

The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August 2016.

calibra, current

Markets

Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents

The second-largest U.S. bank has begun hiring for blockchain positions.

Bank of America

Markets

Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said.

(Shutterstock)

Markets

Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

The U.K.-licensed firm's new product allows clients to synthetically trade gold against bitcoin and aims to capitalize on a growth in haven assets.

(Mr. Soraphan Menaphan/Shutterstock)

Markets

Swiss Central Bank to Explore Use of Digital Franc in Settling Trades

Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets.

canadastock/Shutterstock

Markets

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.

dollar_euro_shutterstock

Tech

Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts

The Enterprise Ethereum Alliance has created a token to incentivize firms to participate in consortiums. The system is backed by Microsoft and Intel.

Marley_Gray_Microsoft_Flickr