News Topic: Blockchain

Giants like Facebook, JPMorgan Chase and Walmart are all pushing blockchain for myriad use cases, and now Wells Fargo has joined the fray with its own spin on the distributed ledger technology. ... Read full article

The move adds heft to the blockchain-based Interbank Information Network; many of those terminated in the phony accounts scandal say they’ve been blacklisted. ... Read full article

Next up for BB&T-SunTrust: deciding where to unload branches; how the Trump administration would reform Fannie Mae, Freddie Mac; why the CFPB's payday rule is in the hands of a Texas judge; and more from this week's most-read stories. ... Read full article

Banks have to be more resourceful with technology and less dependent on high interest rates. ... Read full article

The case of a pastor wrongly-accused by Wells Fargo has mandatory arbitration back in the spotlight; JPMorgan started buying securities long before talk about rate cuts; more banks are turning to M&A to acquire talent; and more from this week's ... Read full article

PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks. ... Read full article

Politics not considered, a spokesman said in response to Dudley’s call for the Fed to stop enabling trade war; the agency lifts a two-year hiring freeze. ... Read full article

Crypto technology will play a major role in the central bank's real-time payments system. ... Read full article

Bank of America has joined the likes of Walmart and Mastercard in seeking patents for blockchain technology that could be used for a digital currency or mobile wallet. ... Read full article

Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States. ... Read full article

Walmart has filed a patent application for a digital currency that, like Facebook's Libra, would be a stablecoin backed by traditional currencies. And it envisions a very specific use case where its coin could stand in for cash — or even for a bank ... Read full article

It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange. ... Read full article

A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities. ... Read full article

The likelihood of Fed rate cuts is causing banks to plan for less net interest income, but it would be a mistake for JPMorgan to back off its move into new markets and tech investments, Jamie Dimon says. ... Read full article

What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition. ... Read full article

The Los Angeles company has established a network that is designed to help verify the identities of consumer and small-business borrowers. It says 20 lenders are participating and that it is trying to recruit more. ... Read full article

Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client. ... Read full article

State Street, BNY Mellon, UBS and Credit Suisse are among the banks that have created a company to bring their idea of a utility settlement coin to life. ... Read full article