Archive | Blockchain

IDRBT completes first end-to-end test of the blochchain technology with banks

January 16th, 2017 by

Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has completed the first ever end-to-end test of the blochchain technology in a project involving regulators, banks, financial institutions and clearing houses. IDRBT conducted the project using the technology behind bitcoin in a trade application with banks and the […]

DTCC partners with IBM, Axoni and R3 to clear derivatives with blockchain

January 10th, 2017 by

The Depository Trust & Clearing Corporation (DTCC), the central bookkeeper for Wall Street’s securities trades, announced that it has selected IBM, Axoni and R3 to create a blockchain framework to improve the derivatives post-trade lifecycle. The firms will work collaboratively to re-platform DTCC’s Trade Information Warehouse, working collaboratively to build a derivatives distributed ledger solution […]

Iranian banker calls for bitcoin adoption

January 5th, 2017 by

The chief executive of Tejrat Bank has called for Iranian banks and payment service providers to prepare the grounds for using bitcoin in the country. The executive has also called for laying the groundwork to embrace and welcome bitcoin and fintech innovations in Iran. Speaking at a meeting on cryptocurrencies, Mohammad Ibrahim Moqaddam noted that […]

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 […]

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 […]

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 […]

ICAP to use blockchain for forex trades

December 22nd, 2016 by

ICAP announced it will start processing foreign exchange trades on blockchain and will supply the code to customers in March 2017. The group, which will be known as NEX Group beginning in January, will be working with the US company Axoni and will utilize ICAP’s Traiana messaging hub subsidiary to facilitate blockchain foreign exchange trades. […]