Blockchain

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/Blockchain

Blockchain recruitment heats up at major banks and vendors

Recruitment for blockchain specialists at major banks and vendors is hotting up, as Visa, Thomson Reuters and BNY Mellon post ads on job boards.

/Blockchain

R3 and 40 banks run parallel trials of five different blockchains

Distributed ledger consortium R3 has connected 40 banks to five different blockchains and allowed them to facilitate issuance, secondary trading and redemption of a fixed income product in the largest known trial of the technology to date.

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Israel gets fintech hub

Israel is the latest country to get a dedicated fintech hub, as The Floor arrives in Tel Aviv promising to support startups disrupting the financial services industry.

/Blockchain

Distributed ledger tech could see Brits get Bank of England accounts - deputy governor

A senior Bank of England official has floated the idea of using distributed ledger technology to enable individuals to hold digital currency accounts with the central bank, but has warned that such a move could prove damaging to commercial providers.

/Blockchain

Two of Wall Street's most powerful women are uniting behind blockchain

Two of Wall Street's most high-profile women have joined together to bring blockchain-based services to the financial markets as Sallie Crawcheck joins the board of Blythe Masters' distributed ledger outfit Digital Asset Holdings.

/Blockchain

Korea Exchange joins blockchain gold rush

The Korea Exchange is looking to use distributed ledger technology for a new OTC trading platform.

/Blockchain

Global regulators to probe fintech threats to financial stability

The Financial Stability Board is to evaluate the potential for systemic risk posed by emerging innovations in financial technology, a move which may mark the beginning of the end to the regulatory advantages enjoyed by fintech firms operating at the fringes of the financial services sector.

/Blockchain

RBC tests distributed ledger for remittances and loyalty programme

The Royal Bank of Canada (RBC) is the latest financial services giant to go public with its distributed ledger progress, confirming that it is working with Ripple on cross-border payments and experimenting with a blockchain-based loyalty platform.

/Blockchain

Emirates NBD launches global challenge for fintech startups

Middle East banking powerhouse Emirates NBD is inviting fintech startups from around the world to take part in a competition to design digital financial services tools for the chance to win cash prizes.

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Oz central banker floats digital dollar; govt sets up fintech advisory group

Australia could introduce a digital version of its dollar, a senior exec at the country's central bank says, although any state-backed digital currency is in the distant future and likely to circulate in parallel with old fashioned notes and coins.

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500 Startups launches $25m fintech fund

Early-stage venture firm 500 Startups is launching a $25 million fintech fund focussed on investing in startups building "financial services for the rest of us".

/Blockchain

FCA to extend Innovation Hub; advance research into blockchain tech

The Financial Conduct Authority has so far had 413 fintech startups apply to its Innovation Hub scheme, providing support and advice to 52% of these budding businesses as they bid to break into the UK's financial technology market.

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BuyCo.io brings distributed ledgers and smart contracts to procurement marketplace

Collaborative procurement platform BuyCo.io is to use permissioned distributed ledgers and smart contracts to lower the costs of currency conversion and money transmission for buyers on group purchasing marketplaces.

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Ripple boasts it can slash banks' global settlement costs

Ripple claims that its network and native currency could save banks up to 60% on costs associated with global interbank settlements.

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JPMorgan tests blockchain for dollar transfers; strikes Starbucks deal

JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later in the year.

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Iosco steps up focus on blockchain and robo-advisors

International securities regulators are stepping up their research into the disruptive potential posed by the development of distributed ledgers, robo-advisors and cybersecurity threats.

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Blockchain cybersecurity startup Chainalysis inks MoU with Europol

Chainalysis, a cybersecurity startup that taps distributed ledgers to track digital identities, has signed a deal with Europol and closed a $1.6 million seed funding round led by Point Nine Capital.

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Fintech future: Welcome to the the Bank of Big Mac

If you lived in a world where any business or any person could create their own freely circulating personal or corporate currency, where would you put your money? Chris Gledhill, co-founder and CEO of Secco Bank, explores the options.

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Bitcoin mining firm Butterfly Labs settles FTC charges

The US Federal Trade Commission (FTC) has settled charges against a Bitcoin mining hardware outfit accused of charging people thousands of dollars for machines that were never delivered.

/Blockchain

Mizuho turns to blockchain for financial record keeping

Mizuho is to use distributed ledger technology from Cognizant to secure record-keeping of documents passed across the group globally.