Hong Kong property development firm New World Development and ASTRI will jointly launch a blockchain platform designed to reduce paperwork during mortgage appli...
Banks News
A bank is a financial organization that generates revenue by charging interest on lent capital, transaction fees and giving financial advice. The banking sphere is subject to strict governmental regulations, as it is one of the most significant agents in the financial system. Commercial banks are involved in a wide variety of activities, from personal banking and consumer finance to foreign exchange and money market trading. The World Bank is an organization with the aim of reducing poverty and helping underdeveloped countries with economic development. The World Bank Group includes five organizations, with one of them being International Bank for Reconstruction and Development (IBRD), which is often confusingly referred to as the World Bank. Modern times have reduced the barriers of global competition of banks all over the world and has made the banking sphere more and more globalized.
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The Bank of Lithuania has updated its position on cryptocurrencies and ICOs, but left its underlying principles unchanged.
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by Helen Partz
Blockchain security firm CipherTrace has secured a $15 million investment from Galaxy Digital and other venture capital firms.
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The major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing.
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Japan’s central bank examines central bank digital currencies in a new report, laying out their benefits and drawbacks.
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Banco Bilbao Vizcaya Argentaria has announced the use of blockchain technology for the bank’s first such issuance of a green bond.
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SMBC conducted a proof-of-concept of R3’s Marco Polo with a multinational Japanese player.
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Oman’s second largest bank BankDhofar is now using RippleNet technology for cross-border payments to India.
- Hodler’s Digest
Fundstrat Global Advisors thinks that crypto prices can see higher price points, and JPMorgan plans to launch its own coin.
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JPMorgan Chase is launching its own cryptocurrency in a first for U.S. banking.
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Terry Duffy said that until governments start to accept cryptocurrencies, it will be very difficult for major commercial banks to get involved.
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by Ana Berman
One of the largest Brazilian banks, Bradesco, will close the accounts of cryptocurrency exchange Bitblue and its owners.
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Following JPMorgan Chase’s announcement of the upcoming release of their own digital asset, Garlinghouse criticized the move on Twitter.
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London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter.
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IBM strikes a deal with one of the largest banks in Europe, Santander, to provide the financial institution with innovative technologies, such as blockchain and...
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