News Topic: Blockchain
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Fintech using blockchain to cut foreign exchange costs
Blockchain is untapped resource for banks, MIT professor says
Goldman Sachs invests in blockchain backbone firm Blockdaemon
Amazon seeks expert in blockchain, distributed finance
Goldman Sachs works with Visa to speed cross-border B2B payments
Cagney’s Figure valued at $3.2 billion in latest funding round
The bankers turning free-spirited Libra into buttoned-down Diem
Financial firms confront the threat of central bank digital currencies
Figure wins SEC approval to sell securities on its blockchain
5G, not digital currency: What BofA tech chief Bessant is bullish on
NFTs and payments: A frontier with lots of promise—and risk
Non-fungible tokens are taking the digital world by storm. They could displace traditional payment rails, but they could also be a handy tool for cybercrooks. ]] ... Read full article
How cryptocurrency is changing the movement of money
Olaf Carlson-Wee, founder and CEO of the cryptocurrency hedge fund Polychain Capital, discusses which digital currencies and blockchain technologies are reshaping payments and which are “nonsense projects.” ... Read full article
National banks may process stablecoin payments, OCC says
The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the ... Read full article
How decentralized finance could reshape banking
Silvergate and Avanti are among the banks pioneering the incorporation of smart contracts, cryptocurrencies and other cutting-edge instruments into mainstream financial services. ... Read full article
Avanti got a bank charter. Here’s what's next on its agenda.
Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming. ... Read full article
A Fed digital currency looks inevitable. So do the problems.
A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider. ... Read full article
JPMorgan Chase reorganizes blockchain units
After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts. ... Read full article
BNP Paribas out front on digital asset storage
National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job. ... Read full article
BofA adapting consumer tech for use with corporate clients
Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services. ... Read full article