Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger
Deutsche Boerse and Swisscom successfully exchange securities tokens against cash tokens using Corda and Hyperledger Go to Source Powered by WPeMatico
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Swiss Crypto Bank SEBA Launches With Range of Services
SEBA Bank is now fully operational with a range of services to bridge the gap between the crypto world and traditional banking. Licensed in Switzerland, the bank’s crypto services include asset management, trading, custody, and financing. Its wallet app, e-banking, and card enable customers to convert between cryptocurrencies and traditional investments such as stocks, bonds, … Read more
Holders of the Digital Yuan Will Not Be Paid Interest
China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank pulled the curtain back slightly this week. … Read more
Crypto-Friendly Silvergate Bank IPO Debuts on NYSE
The U.S. Securities and Exchange Commission (SEC) has declared the IPO of pro-crypto Silvergate Bank effective. Its shares started trading on the New York Stock Exchange on Thursday. The crypto-friendly bank works with 756 customers in the crypto space, including Coinbase, Gemini, Circle, Bitstamp, Kraken, and Bittrex. The bank has attributed significant growth to its … Read more
Square’s Bitcoin Sales Volume Has Increased Sixfold Since Q1 2018
Getting more people interested in Bitcoin remains a big hurdle to overcome. Square, the popular financial services provider, is doing its part to make this happen. Thousands of financial service providers exist around the world. Some of them explore options outside of traditional finance. Another Good Quarter for Square Square is one of those providers, … Read more
New Hire to Head Digital Currency Research at the US Fed
The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing a digital dollar. Also read: Why Central Banks Are … Read more
How Blockchain Disrupts Global Business | Sibos 2019
Cointelegraph travelled to London to learn why businesses are now experimenting with blockchain technology Go to Source Powered by WPeMatico
3 Smaller US Banks Failed Over the Halloween Period
A worrisome banking situation arises in the United States. In a matter of seven days, three banks have failed. The latest victim is City National Bank of New Jersey located in Newark. The past few years have not been easy for traditional banks. Their costs often outweigh profits, forcing them to make tough decisions. Those … Read more
Will the US Repo Markets Trigger a Bitcoin Bull Run This Year?
Many factors can influence the current and future value of Bitcoin. Finding reliable correlations is always a bit iffy. According to some, the current repo market problem in the US will spark a new Bitcoin bull run. Financial markets are, for the most part, correlating with one another. Bitcoin and other cryptocurrencies are often considered … Read more
CME Group Publishes Bitcoin Options Specifications
In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products. Also Read: French Ministry … Read more