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While crypto-land is abuzz about JPMorgan’s plan to move dollars via blockchain, a smaller New York bank is already doing this.
Sources in Iran say the country’s financial sector is taking clear steps toward a state-backed token economy.
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
JPMorgan’s in-house crypto token is moving to real-world trials in “a few months,” according to a CNBC report.
James Powell, CIO and CTO of engineering at Digital Asset, has left the enterprise blockchain startup after just six months.
Japanese banking giant Mitsubishi UFJ Financial Group is launching a high-throughput blockchain-based payments network next year.
The Series B funding was led by seasoned VC firm Accel and included investment from Benchmark, which led the firm’s $16m Series A.
A U.K. school won third place in a blockchain interoperability hackathon hosted by Clearmatics at the Barclays Rise fintech hub in London.
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”