US House Passes Bill for FinCEN to Study Blockchain Use
Congress wants the Financial Crimes Enforcement Network (FinCEN) to up its internal blockchain game with a new bill to study how the technology could be adapted for law enforcement. On Sept. 19, the House of Representatives passed legislation calling for the
Token Tech Startup Securitize Raises $14M From Nomura, MUFG, and Santander
Securitize announced it has managed to raise a whopping $14 million in latest investment from Nomura Holdings, MUFG, and Banco Santander Three of the globe’s giant banks – Nomura Holdings, MUFG, and Banco Santander – have supported Securitize, San Francisco based startup, which assists companies
Bitcoin Market Falls Sharply As Litecoin Suddenly Crashes
Bitcoin and cryptocurrency market watchers were on high alert today as the eagerly-anticipated Bakkt crypto platform went live.The bitcoin price failed to perform, however, with bitcoin losing around 2% of its value since Bakkt began trading its "physically" settled bitcoin futures contracts, with
Swiss Bitcoin Bank: UBS, Credit Suisse Interest ‘Clearly Picked Up’
Peter Wuffli — the former CEO of major Swiss multinational investment bank UBS — says the advent of new, regulated actors in crypto is drawing the attention of big-name bitcoin bank. Wuffli made his remarks during an interview with Finews, published on Sept 23. In
Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype
Swiss stock exchange SIX has launched a pilot version of its exchange and central securities depository (CSD) for digital assets.The prototype platform, launched under its digital assets subsidiary SIX Digital Exchange (SDX), is expected to see more functionality added as it
Facebook Reveals Libra Crypto’s Currency Basket Breakdown
Facebook has reportedly revealed the percentage breakdown of a basket of global currencies that will underpin its Libra cryptocurrency. While it’s already known that 50 percent of the basket will be on the U.S. dollar, the German newspaper Der Spiegel said in a report
Bitcoin Is Growing Up as Deliverable Futures Start Trading
Bitcoin is growing up. Monday marks the debut of futures contracts offered by Intercontinental Exchange Inc. that can result in delivery of the digital currency, a new chapter in Bitcoin’s tumultuous 10-year history. The first federally regulated market to buy and sell Bitcoin
Bakkt Goes Live With First Trades But Bitcoin Fails to Hold $10,000
The long awaited Bakkt Bitcoin futures contracts went live a few hours ago but the response so far has been underwhelming. Bitcoin briefly topped out over $10k but has failed to hold that level as trading in Asia got underway. The
Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec
Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial institutions. Unveiled this week, Wells Fargo Digital Cash uses R3’s Corda Enterprise software
Traders Could Lose Weekends in Digital Age, BitMex’s Hayes Says
Arthur Hayes, head of one of the world’s most popular cryptocurrency exchanges, says traders may lose their midday breaks and even their weekends as traditional assets absorb some characteristics of digital ones. Digital finance is going to end up affecting everything