Archive | May, 2016

Central Bank of Kenya Governor: Kenya must go slow in adopting bitcoin

May 31st, 2016 by

Central Bank of Kenya Governor Patrick Njoroge has recently warned that the country should not rush into adopting digital currencies such as bitcoin yet. Njoroge has recommended that the country must go slow in adopting digital currencies, adding that Kenya currently doesn’t have systems and capabilities to handle the technology. This follows on from a […]

Ernst & Young to auction 24,518 BTC on June 20

May 30th, 2016 by

Ernst & Young announced it will auction 24,518 BTC (worth $12.9m). The auction will take place in Sydney, Australia on June 20. The bitcoin in question were seized as part of a 2014 criminal investigation of illicit activities on the now defunct online dark market Silk Road. According to Australian media, the bitcoin belonged to […]

Santander announces partnership with Ripple for blockchain-based payments app

May 30th, 2016 by

The UK arm of Spanish banking group Santander has announced to launch a new payment app in partnership with Ripple before the end of 2016. The app is currently available to Santander UK staff, but the bank has plans to roll it out before the end of 2016, a move that would make it the […]

Europe to set up a taskforce to monitor bitcoin

May 27th, 2016 by

The European Parliament has approved a proposal for a taskforce looking into virtual currencies like bitcoin and blockchain technology. The proposal, set out in a resolution drafted by German social democrat MEP Jakob von Weizsacker, suggests that the taskforce, which would be overseen by the Commission, should build expertise in the underlying technology of virtual […]

Japan approves bill to regulate bitcoin exchanges

May 26th, 2016 by

The Diet in Japan, the country’s bicameral legislature, has approved a bill to regulate operators of digital currency exchanges in the country, in order to help ensure better protection of users. The decision will now require digital currency exchange operators to register with the Financial Services Agency (FSA), the government agency that oversees finance activities […]

Deloitte to launch blockchain lab in Dublin

May 25th, 2016 by

Deloitte announced that it is setting up a blockchain technology lab in Dublin, Ireland that will house a team of 50 developers and designers. The launch of the EMEA Financial Services Blockchain Lab in Dublin can speed up payments and transfer clearances, settlements and reconciliations. The company said that, the team which is expected to […]

Ping An Financial Services Group joins R3 blockchain consortium

May 25th, 2016 by

Ping An Financial Services Group has joined the R3CEV blockchain consortium. Ping An is the first Chinese company to join R3’s international roster of firms looking to explore the potential of blockchains and distributed ledgers. More recently, Brazilian bank Itaú Unibanco joined R3CEV, which made Itaú the first Latin American firm to join the New […]

Wall Street Blockchain Alliance launches two new working committees

May 24th, 2016 by

The Wall Street Blockchain Alliance (WSBA) has announced the launch of two new working committees – a Regulatory & Compliance committee that will be chaired by Amal Aly and an Economic Inclusion Working Committee that will be chaired by Ashish Gadnis. “These new Working Committees are the direct result of growing member involvement in the […]

Sberbank Chairman: Bitcoin ban will hinder blockchain’s development in Russia

May 24th, 2016 by

Former Economic Development Minister and Sberbank chairman of the board German Gref said that the proposed bitcoin ban will hinder blockchain technology’s development in the Russian Federation. Gref said blockchain is a new web technology comparable to the Internet that has yet to be born. Banning bitcoin will send progress past the Russian Federation’s limits. […]

Sydney Stock Exchange developing blockchain settlement system

May 20th, 2016 by

Sydney Stock Exchange announced it is is developing a private equity market solution using blockchain technology. The blockchain settlement will be promoted as a low cost alternative to the ASX by the Sydney Stock Exchange (SSX) to try attracting private equity funds and exit their investments by listing on the SSX. The distributed ledger used […]