Banks

The latest news about banks and blockchain technology.

Major European Banks Form Blockchain-Based Consortium Named ‘Digital Trade Chain’
January 16th, 2017

Seven large banks are collaborating to make domestic and cross-border commerce easier for European small and medium-sized enterprises.

Bitcoin Price Falls 10% as China’s Central Bank Starts Investigation of Exchanges
January 11th, 2017

China’s central bank unveiled plans to more closely inspect operations of digital currency exchanges in an effort to curb the yuan’s outflow.

China Looks to Stem Outflows as Authorities Zero In On Bitcoin
January 9th, 2017

The Chinese government seriously intends to keep its money at home.

‘Blockchain Will Move from Proof of Concept to Production in 2017,’ Says Market Intelligence Firm
January 4th, 2017

Greenwich Associates considers the blockchain to be one of the top market structure trends to develop in 2017.

Blockchain Startup Axoni Raises $18M in Series A Funding from Wells Fargo, ICAP
December 22nd, 2016

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.

BNP Paribas Completes First Real-Time Blockchain B2B Payments
December 22nd, 2016

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.

Euroclear and Paxos Complete Blockchain-Based Gold Settlement Pilot
December 21st, 2016

The companies are planning to bring instant settlement and simultaneous delivery versus payment to the London bullion market.

Blockchain Consortium R3 CEV to Receive $59 Million From Major Banks
November 26th, 2016

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 Might Leave Blockchain Consortium R3 CEV
November 24th, 2016

Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.

Goldman Sachs and Santander Leave R3 Blockchain Consortium
November 22nd, 2016

R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.

Bitcoin Price Leaps to $745 as Chinese Yuan Reaches Eight-Year Low
November 17th, 2016

Overnight, the Yuan dropped to the lowest point since December 2008, and experts predict further declines.

Monetary Authority of Singapore Partners R3 to Launch Blockchain Project for Interbank Payments
November 16th, 2016

The pilot project aimed at adopting blockchain for interbank payments will also involve the country’s stock exchange and eight local and foreign banks.

R3 and 10 Banks Have Successfully Tested New Blockchain Identity Registry
November 11th, 2016

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.