business news


Finance

Coinbase's Former Fraud Lead Has Left to Join Tech Firm Twilio

One of Coinbase's longest-servicing employees, risk operations manager Rees Atlas, has left the Silicon Valley cryptocurrency exchange for Twilio.

Coinbase

Markets

Signature Bank Wins New York Approval for 'Real-Time' Blockchain Payments

Signature Bank is launching a blockchain-based real-time payments system in early 2019 and has just got the green light in New York.

signet

Markets

Chinese Crypto Billionaire to Help Lead Hong-Kong-Listed Blockchain Firm

Veteran Chinese crypto investor Li Xiaolai has joined a blockchain firm listed on the Hong Kong Stock Exchange as an executive director and co-CEO.

Chinese yuan

Markets

GM Patent Touts Blockchain As Data Solution for Self-Driving Cars

Blockchain can be used to store and share data collected by autonomous vehicles, according to a patent application by GM.

GM

Markets

Funds Network Calastone to Roll Out Blockchain Settlements in 2019

Calastone, the U.K.-based operator of a transactions network for investment funds, is moving settlement to a blockchain by May 2019

London eye

Markets

Ping An's New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients

Ping An, the Chinese insurance giant that built the eTradeConnect blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships.

eTradeConnect

Markets

Get Ready for Crypto Sanctions Enforcement

Recent OFAC actions are just the first step in crypto sanctions enforcement, write attorneys Beau Barnes and Jake Chervinsky.

Iran_rial_US_dollar_currency

Markets

Banking Giant State Street Is Waiting on Client Demand for Crypto Custody

State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.

SS

Markets

Intel Wins Patent for Energy-Efficient Bitcoin Mining

An Intel patent awarded Tuesday outlines a method for mining cryptos using the SHA-256 algorithm more efficiently.

(jejim/Shutterstock)

Markets

Bitcoin Mining Giant Holds Flash Sale to Celebrate Price 'Bottom'

Bitcoin miner maker Canaan Creative has revealed it is temporarily cutting prices to "celebrate" bitcoin's recent price rise.

Crypto mining machines. (lmstockwork/Shutterstock)