Banking

R3 Head of Research Tim Swanson says that the company’s software team in London is developing an open-sourced, generic blockchain for banks, The Sidney Morning Herald reports. "Many banks feel they can reduce, or eliminate altogether, various costs, by adopting some sort of common shared ledger and let that proliferate through the industry"

On November 19, the United States Patent & Trademark Office (USPTO) published Goldman, Sachs & Co.’s patent application20150332395 or “Cryptographic Currency For Securities Settlement.”...

Five more banks – ING, BNP Paribas, Wells Fargo, MacQuarie and the Canadian Imperial Bank of Commerce – are joining R3, Reuters reports. R3, now supported by most of the world’s major banks (with notable exceptions in China), represents the first high-profile collaborative project to find out how blockchain technology can be used in finance.

In a talk given at the United Overseas Bank 80th anniversary dinner held on Thursday, Singapore’s Prime Minister Hsien Loong advised the country’s banks...

RecentlyBitcoin Magazinereported that Microsoft has partnered with Consensys, a blockchain startup focused on Ethereum technology. Through the partnership, customers of Azure, Microsoft’s cloud-based...

Banks, financial service providers, venture capitalists, and even governments, are showing more and more interest in blockchain technology. Venture capital money isflowing into...

Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) has nominated Satoshi Nakamoto for the 2016 Nobel Prize in...

This is a guest post by Senthil Radhakrishnan, the Vice President and Head of Capital Market Solutions Group at Virtusa. Senthil has 16+ years’...

Since October 2014, the Swedish National Bank, also known as Riksbank has cut its interest rates below zero. That means that for well over...

Investors have been watching and waiting for the launch of Gemini, the bitcoin exchange launched by Cameron and Tyler Winklevoss, since it was first...