Category: Banking

P2P Exchange Options Increasing for Crypto Traders in India

Since the Reserve Bank of India (RBI), the country’s central bank, banned banks from providing services to cryptocurrency businesses, traders are increasingly trading on peer-to-peer (P2P) platforms. Local crypto exchanges have come up with a number of exchange-escrowed P2P solutions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Localbitcoins Trading volumes in both the…

August 25, 2018
Bitt Inks Blockchain Deal With Another Caribbean Central Bank

Bitt is partnering with the Centrale Bank van Curaçao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.

August 13, 2018
World Bank Taps Australia's CommBank to Issue Its First Blockchain Bond

The Commonwealth Bank of Australia has been chosen by the World Bank Group to help issue a bond over a blockchain.

August 9, 2018
Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued…

August 9, 2018
94 Companies Join IBM and Maersk's Blockchain Supply Chain

TradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers.

August 9, 2018
Barclays Is Pitting Blockchains Against Each Other (For a Cause)

The bank’s DerivHack event will attempt to suss out which of the major enterprise DLT platforms works best for derivatives life cycle smart contracts.

August 9, 2018
State Street Insiders Split Over Key Blockchain Use Case

The global custody bank’s tech and product teams are keen to transform securities lending into a peer-to-peer market, but not all are on board.

August 8, 2018
Is Barclays Opening Crypto Trading? Bank and Traders Offer Differing Takes

Two bank employees have been working on setting up a new cryptocurrency trading desk in Barclays, one of the UK’s ‘Big Four’ banks. At least, that’s what it says on their LinkedIn profiles. Business Insider reports that Chris Tyler’s profile stated that he’s been “hired to produce a business plan for integrating a digital assets…

August 7, 2018
Swiss Bank Maerki Baumann Will Service Cryptocurrency Firms, Removing a Major Industry Pain Point

Despite rising competition from other countries seeking to capitalize on the cryptocurrency boom, Switzerland’s Crypto Valley looks poised to get its moxie back. Swiss Bank Maerki Baumman Will Offer Accounts to Cryptocurrency Firms That’s because a second Swiss bank — the Zurich-based private bank Maerki Baumann — has agreed to form banking partnership with cryptocurrency…

August 7, 2018
Goldman Sachs Is Reportedly Weighing a Crypto Custody Service

Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to a report.

August 6, 2018