Category: Banking
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BBVA Registers $91 Million Loan on Public Ethereum Blockchain
Spanish banking giant BBVA is laying claim to be the first global bank to issue a loan using blockchain technology by completing a pilot of the entire issuance process on not one, but two blockchains. As Spain’s second-biggest lender, BBVA has been exploring and launching blockchain applications in core banking processes and has now successfully…
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Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche
This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance Vs. Deutsche Bank Binance surpassed Germany’s largest and one of Europe’s biggest banks in profitability. Binance,…
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Chilean Court Orders Banks to Re-Open Cryptocurrency Exchange Accounts
Chile’s anti-monopoly court recently ordered two major Chilean banks to re-open the accounts of one of the country’s largest cryptocurrency exchanges, Buda. The country’s anti-monopoly court ruled that the state bank Banco del Estado de Chile and Itau Corpbanca should re-open the cryptocurrency exchange’s accounts, presumably to prevent what looked like a blanket ban on…
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BBVA Issues $91 Million Loan Using Two Blockchains
Spanish banking giant BBVA has completed a pilot that issued a $91 million corporate loan using two different blockchain technologies.
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Barclays, Goldman Champion ISDA Standard for Blockchain Derivatives
U.K.-based bank Barclays is pushing hard for a data standard for derivatives, as a foundation for that market to adopt distributed ledger technology.
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20% of Financial Institutions Could Begin Cryptocurrency Trading in 2018: Survey
The cryptocurrency market could get a lot more crowded this year. According to a survey by Thomson Reuters, approximately 20% of financial institutions could get off the fence and begin cryptocurrency trading in 2018 over different time durations. Most of the firms that expect to launch cryptocurrency trading this year, or 70%, are keen to…
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1 in 5 Financial Institutions Exploring Crypto Trading, Survey Finds
A survey conducted by Thomson Reuters found that around 20 percent of its financial services clients are mulling trading cryptocurrencies in 2018.
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Bitcoin’s Price is Nearing All-Time Highs, But Market Confidence Isn’t
While the price of bitcoin is within striking distance of all-time highs set in March, worries about the state of the network’s infrastructure are combining to depress sentiment. Chief among concerns are the ongoing issues at British Virgin Islands-based digital currency exchange Bitfinex, as the market’s dominant US dollar exchange saw banking problems appear seemingly…
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Why Israel’s Banks Will Unite Over Blockchain
Israel took a global lead on cyber security. Could it do the same with blockchain?
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Why Russia’s CSD Believes Blockchain is a ‘Blue Ocean’ Opportunity
Russia’s National Settlement Depository discusses why it believes the biggest blockchain opportunities have yet to be uncovered.