Banking

Banking

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I'll Give You My Bitcoin When You Pry It From My Cold, Dead Hands

Unlike money in the bank, cryptocurrency can't be unilaterally seized by governments, clawing back a modicum of power for the individual.

skeleton, hand

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Ubin Part 2: Singapore Central Bank Publishes Blockchain Project Details

A new report from the Monetary Authority of Singapore details the second phase of its "Project Ubin" blockchain project.

Abacus

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Brazil's Central Bank Is Ramping Up Blockchain R&D

Brazil's central bank is now moving to increase the quantity of its blockchain work – months after abandoning the effort.

brazil, real

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Pipe Dreams: Bitcoin Won't Solve Pot Industry's Banking Problem

Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.

Cannabis factory

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Citigroup CEO: Bitcoin Threat Will Give Rise to State Cryptocurrencies

Citigroup CEO Michael Corbat has predicted that state-sponsored digital currencies will arise from the threat posed by bitcoin.

Michael Corbat

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SIA Group, R3 Team Up for Blockchain Finance App Network

Technology infrastructure provider SIA Group and DLT consortium R3 have teamed up in an effort to get banks and corporates using blockchain apps.

network

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11:FS Backs Off $50 Million Blockchain for Banking Fund

An emerging fintech consulting firm has revealed that it shuttered a fund aimed at raising money for enterprise blockchain startups.

11:FS London office

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Thai Bank Taps IBM for Contract Management Blockchain Pilot

Thailand's Bank of Ayudhya and IBM have completed a blockchain pilot aimed to streamline the contract management process.

Kungsri bank

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UBS Chief Economist Compares Bitcoin to Tulip Mania

UBS chief global economist Paul Donovan has compared bitcoin to the Netherland's 1600s tulip crisis, but noted he was a fan of blockchain technology.

Paul Donovan

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London Stock Exchange Exec: Fiat Cash Impeding Blockchain Trials

An exec from the London Stock Exchange hinted at growing pains for bank blockchains Tueday, suggesting fiat currencies may be hindering innovation.

David Harris, LSEG