Seven large banks are collaborating to make domestic and cross-border commerce easier for European small and medium-sized enterprises.
China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.
The Chinese government seriously intends to keep its money at home.
Greenwich Associates considers the blockchain to be one of the top market structure trends to develop in 2017.
The New York-based blockchain solutions provider, Axoni, has secured an investment from a range of prolific investors, including such banking giants as Goldman Sachs and J.P. Morgan.
One of the leading French banks, BNP Paribas, has processed its first live payment transactions for two of its private clients using the blockchain technology.
The companies are planning to bring instant settlement and simultaneous delivery versus payment to the London bullion market.
A blockchain startup R3 CEV is going to raise $150 million in its first funding round and some of its original members have already expressed their intention to invest.
Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.
R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.
Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.
The pilot project aimed at adopting blockchain for interbank payments will also involve the country’s stock exchange and eight local and foreign banks.
Ten of the globe’s leading banks have worked with R3 to create a new service for Know Your Customer (KYC) procedure using the distributed ledger technology.