HSBC Enacts First Letter of Credit on a Blockchain in Malaysia
< p style=”float:right;margin:0 0 10px 15px;width:240px”> Major bank HSBC carries out what it claims to be the first blockchain letter of credit to be enacted […]
Banks
Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
< p style=”float:right;margin:0 0 10px 15px;width:240px”> Firms like Facebook should be involved in projects like stablecoin Libra, according to Bank of England governor Mark Carney. […]
Dubai, Emirates NBD Sign MoU on Blockchain Trade Finance Solutions
The Dubai Chamber of Commerce and Industry has signed a memorandum of understanding with Emirates NBD for blockchain-based trade finance. The Dubai Chamber of Commerce […]
Major Chinese Bank Updates Blockchain Platform After $50 B Transacted
One of China’s big four banks has released the second version of its blockchain trading platform following transactions exceeding $50 billion. The China Construction Bank […]
Alfa-Bank, Commerzbank Pilot Cross-Border Payments on R3’s Marco Polo
< p style=”float:right;margin:0 0 10px 15px;width:240px”> Alfa-Bank and Novolipetsk Steel Company, in cooperation with Commerzbank and Vesuvius GmbH, launch a Russia-Germany payment pilot via R3’s […]
Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift
The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important […]
Bank of America’s Job Posting Hints It Hired a Dedicated Ripple Specialist
America’s second largest banking institution searches for a “treasury product manager” specifically working with Ripple’s technology. The United States’ second largest bank appears to have […]
UK’s Central Bank Establishes Provisions for Facebook’s Libra
The United Kingdom’s central bank has singled out provisions for Facebook’s yet-to-be-released Libra stablecoin. The United Kingdom’s central bank has established provisions that Facebook’s yet-to-be-released […]
Major German Coop Bank Passes Negative Interest Rates to Customers
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European […]
Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients […]