News Topic: Blockchain

Some of the biggest venture capitalists in the field are backing a new digital currency being offered by a leading blockchain academic. ... Read full article

Although the euphoria over blockchain has dissipated recently, many still see it as vital to the future of banks and the economy at large. Following are key issues being hashed out. ... Read full article

Some banks have backed away from the technology, but Northern Trust, State Street and JPMorgan Chase are among those actively working on blockchain projects. ... Read full article

The bank is hoping the venture will encourage more companies to use Quorum, the Ethereum-based blockchain it built five years ago. ... Read full article

Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells. ... Read full article

The head of the agency's innovation office said the program will be available only to OCC-regulated institutions. ... Read full article

Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. ... Read full article

Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction. ... Read full article

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near. ... Read full article

Price hit "a grim reminder" about impact of soft interest rates; despite bitcoin's plunge, blockchain could be prominent in Wall Street's future. ... Read full article

Cryptocurrency exchange Bittrex is protesting New York's decision this week to deny it a virtual license exchange, claiming that its rationale contains factual errors and its personnel were not well versed in blockchain. ... Read full article

As bankers' skepticism about blockchain deepens, crypto firms should demonstrate how the technology can help financial companies, such as by extending access to the underbanked, says Hinkes, a prominent advocate of blockchain. ... Read full article

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum. ... Read full article

Under the hood of U.S. Bank's new mobile app; BofA, Wells Fargo sour on blockchain; are Fannie and Freddie too big?; and more from this week's most-read stories. ... Read full article

They haven't thrown in the towel yet, but comments by top executives at the two big banks suggested that their interest in finding financial services uses for distributed ledgers is wearing very thin. ... Read full article

The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries. ... Read full article

CULedger and the computing giant will work to develop blockchain technologies, create new products and improve existing ones. ... Read full article

Digital-asset companies will try to develop a less adversarial relationship with the state's securities regulator, who stopped several startups from selling digital currencies as investments. ... Read full article