The companies are planning to bring instant settlement and simultaneous delivery versus payment to the London bullion market.
Bankchain offers to reduce risk exposure and increase operational efficiency by delivering instantaneous transaction settlement.
The cooperation aimed at creation of next generation settlement service for gold market will be based on Bankchain, itBit’s revolutionary product.
Ten new companies will apply collaborative efforts to develop a cross-industry open standard for distributed ledgers.
The final auction of confiscated Silk Road bitcoins resulted in four winners, the U.S. Marshals Service spokesperson said on Thursday.
New York-based bitcoin exchange itBit won five blocks of the digital currency which is equal approximately to 10,000 bitcoins.
A group of Bitcoin entrepreneurs has recently collaborated to prevent illegal activities in the sphere of digital currencies and blockchain technology.
ItBit, a global bitcoin exchange, reveals details of its exclusive Bankchain project, a private shared ledger system for banks.
itBit has launched a new trading desk to simplify large bitcoin transactions.
Activity of New York-based bitcoin exchange itBit has become licensed as it got trust company charter.
Digital currency exchange itBit has filed an application for banking license in New York state.
Now the users of Bloomberg terminals can track bitcoin pricing data from itBit.