Archive | December, 2016

Axoni raises $18M in Series A funding

December 30th, 2016 by

Blockchain company Axoni completed an $18 million Series A financing round that was led by Wells Fargo and Euclid Opportunities, Icap’s fintech investment business that Axoni was already previously partnered with. Axoni is one of a number of startups in the blockchain and distributed ledger space seeking to provide services to major financial firms. “We […]

IRS asks court to dismiss Coinbase customer’s motion to block investigation

December 30th, 2016 by

The Internal Revenue Service (IRS) is seeking to dismiss the filing by Coinbase customer Jeffrey K. Berns, which sought to block the IRS from accessing personal and transactional information of individuals who used the Coinbase’s platform during 2013-2015. Filed in the US District Court of Northern California (which oversees the city of San Francisco where […]

Korea’s central bank considers blockchain implementation in settlement system

December 29th, 2016 by

The Bank of Korea has published a research report on blockchain or distributed ledger technology conducted together with IT companies, academics and financial experts. Published as part of an overview of the central bank’s future plans, the report titled “Present Status and Key Issues of Distributed Ledger Technology” further details policy issues that it believes […]

LedgerX receives investment from Miami International Holdings Inc

December 28th, 2016 by

LedgerX, an institutional trading platform that hopes to be the first federally regulated derivatives clearing organization for digital-based options, recently received an investment from Miami International Holdings Inc. MIH also played a key role in bringing together a consortium of other investors who have co-invested with MIH in Ledger Holdings. Early investors in Ledger Holdings […]

R3’s Corda Distributed Ledger now available on Microsoft Azure

December 28th, 2016 by

Microsoft announced the availability of R3’s Corda on Microsoft Azure. R3’s Corda is a distributed ledger for recording and managing financial agreement between regulated financial institutions. It is mainly focused on the benefits of using blockchain systems. This design is the result of the detailed analysis and prototyping with the members and will be made […]

The North American Bitcoin Conference is scheduled for January 17-18 2017 in Miami

December 27th, 2016 by

The North American Bitcoin Conference has announced that its fourth annual event will be held on January 17-18, 2017 at the James L. Knight Center in downtown Miami. Some of the guest speakers at TNABC include Intellisys CTO Charlie Shrem, the founder of Veritaseum Reggie Middleton, bitcoin developer Jeff Garzik, OpenBazaar’s founder Brian Hoffman, Breadwallet […]

Iran to launch regulatory fintech body

December 26th, 2016 by

Central Bank of Iran (CBI) announced it is planning to launch its very own fintech regulatory body. “CBI has been working on fintech regulations since last year. We are planning to develop an ecosystem to authorize the operation of financial startups and fintech firms,” Ali Kermanshah, director of CBI’s Office for Innovative Technologies, said in […]

Philippines central bank mull regulations on bitcoin use

December 26th, 2016 by

The Philippines central bank is considering introducing digital currency regulations to protect consumers. Nestor Espenilla, deputy governor at the Bangko Sentral ng Pilipinas (BSP), told Bloomberg that the current volume of transactions involving digital currencies in the country is “rising very quickly” since they are cheaper and quicker compared to regular remittance channels. “We are […]

Trump’s Budget Director pick is a bitcoin and blockchain supporter

December 23rd, 2016 by

Mick Mulvaney, a conservative Republican congressman from South Carolina and a long-time bitcoin supporter has been picked to run the Office of Management and Budget. “With Mick at the head of OMB, my Administration is going to make smart choices about America’s budget, bring new accountability to our federal government, and renew the American taxpayer’s […]

Central Bank of Nigeria sets up a committee to study bitcoin penetration

December 23rd, 2016 by

The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Deposit Insurance Corporation (NDIC), has set up a committee to study digital currency bitcoin. The news was revealed by NDIC Managing Director Alhaji Umaru Ibrahim at the 2016 Workshop for Financial Correspondents in Kaduna. “Another phenomenon emerging in the banking and financial landscape, is […]