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R3 Blockchain Development Initiative Grows to 22 Banks Worldwide

The international R3 blockchain project to develop blockchain commercial applications and standards for the financial world just got a whole lot weightier as 13...

Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers

Bank of America (BoA) has filed a patent application titled “System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in...

Australian Regulators Investigating Banks for Closing Accounts of Bitcoin Companies

The Australian Competition and Consumer Commission has confirmed the launch of a formal investigation about the abrupt termination of banking support for many bitcoin...

Bank of England Chief Economist: Blockchain-based Digital Currency Issued by Central Banks Could Replace Cash

In a talk given at the Portadown Chamber of Commerce in Northern Ireland on September 18, Andrew G Haldane , Chief Economist at the Bank of...

IBM Developing Blockchain Without Bitcoin for Record-Keeping and Smart Contracts

IBM is developing its own version of the blockchain technology and plans to release open-source software within the next few months, The Wall Street Journalreports...

Coin Center: State Bank Supervisors Proposal Good for Lawyers, Bad for Consumers and Innovators

The Conference of State Bank Supervisors (CSBS) released its model framework for states to use in designing regulations and made it clear it wants...

Nine Top Global Banks Pool Resources to Fund R3 to Develop Digital Currency Standards

Nine of the largest investment banks are planning to develop common standards for blockchain technology in an effort to broaden its use across financial...

Nick Szabo on ‘Permissioned Blockchains’ and the Block Size

In many recent articles, Bitcoin Magazine reported the trend toward private, “permissioned” non-Bitcoin blockchains, supported by Accenture and Digital Asset Holdings CEO Blythe Masters, among others. Permissioned blockchain developments for...

UBS to Develop Yet Another ‘Permissioned Blockchain’ for Banks

In April, Bitcoin Magazine reported that UBS was planning to investigate blockchain technology in a new innovation lab based in London. The innovation lab is located in...

Bitcoin Is a Natural Part of the Digital Lifestyle, Says Fidor Bank CEO

In February Bitcoin Magazinereported that German Fidor Bank had established a partnership with bitcoin exchange bitcoin.de, enabling Fidor Bank customers to buy and sell bitcoin instantly on the...
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