By Jeff Bukhari for Fortune magazine
CFTC commissioner is on board with the bitcoin-related technology. Bitcoins could have saved Lehman Brothers, sort of. (more…)
BNP Paribas, a leading bank in Europe, has announced the names of eight startup companies that have been selected for its FinTech accelerator programme, run by the tech innovation specialist L’Atelier BNP Paribas. These startups are from diverse background that includes blockchain, artificial intelligence, insurance and more. (more…)
2015 was still a busy year for blockchain. Venture capital investments topped $1 billion for the first time. People are finding it easier to invest in the digital currency, thanks to the debut of firms such as Bitcoin Investment Trust. Big financial companies—Nasdaq, American Express and Visa— invested in blockchain startups, “a game changer in terms of attitude towards the technology”.
By Stan Higgins for Coindesk.com
Bitcoin surveillance startup Elliptic has raised $5m in Series A funding in a round that involved a private equity firm with strong US defense and intelligence connections. (more…)
Chris Skinner reveals five use cases for emerging financial blockchains that stand out from the crowd for their short-term gains and long-term benefits.
By Sonny Singh for techcrunch,
The economic prospects for Latin America in 2016 are grim. With political instability in some of the region’s largest economies, as well as a general slump in prices in oil and other commodities, businesses and consumers are facing a depression and, in the case of Venezuela, economic collapse.
Let’s follow Crowley the Crocodile as he goes about his day in the year 2030, from the moment his bitcoin-powered bioalarm clock wakes him, until he eats his late night pizza ordered using a rating service that runs without human owners. (more…)
By Pete Rizzo for Coindesk,
A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see “significant transaction volume” by 2020. (more…)
By Bitcoin news service,
The first property purchase using bitcoin has happened in Denmark. A real estate portal is responsible for facilitating the transaction along with Coinify (more…)
By John Biggs for techcrunch.com
The term “financial inclusion” is a new buzzword in the fintech space. With the rise of services like Abra and MPesa, we are convinced that bitcoin is the solution to the problems of the unbanked. With bitcoin, we say, the house cleaner in Dubai can get her money home and the refugee can get his money over the border into a safer place. (more…)
by Giulio Prisco for Bitcoinmag.com
On January 20, 2016 at the World Economic Forum in Davos, during the panel on Transformation of Finance, the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial Considerations.” (more…)
By Primavera De Filippi for Wired
Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated. The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)
The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)
By Pete Rizzo for coindesk.com
Given its early emphasis on distributed ledgers in what was then widely described as the digital currency ecosystem, Ripple has long held a unique market position in the industry. In the age of “blockchain”, the startup remains one of the few holdouts to describe its offerings as “distributed financial technology”. (more…)
By Daniel Palmer for Coindesk.com
DH Corporation (D+H), a Canada-based provider of technology solutions to financial institutions, recently announced the integration of a proprietary blockchain solution with its payments hub, Global PAYplus.
By Stan Higgins for coindesk.com
An IBM executive has been named as the chairman of the technical committee for the Hyperledger Project, the open-source blockchain initiative launched late last year under the umbrella of the Linux Foundation. (more…)
by Jon Evans for techcrunch.com
The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million. (more…)
A banking revolution in terms of financial services will benefit from the UK’s Open Banking Standard. Story by Daoud Fakhri.
The Open Banking Working Group’s newly published recommendations on open platform banking will, if fully implemented, lead to a revolution in the provision of banking services to UK consumers.