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Barclays Signs Two Blockchain Startups to NYC Fintech Accelerator

October 15, 2015 by Joseph Young at Business, News, Tech

British multinational banking and financial services company Barclays has signed two blockchain focused startups, Chainalysis and Wave, during the demo day of Barclay’s first-ever New York City-based Fintech accelerator. As a part of the deal, Chainalysis, a Swiss blockchain startup founded by Jonathan Levin, will work together with Barclays’ security...

Mijin Blockchains Aim to Reduce Costs by 1000%

October 13, 2015 by Nigel Dollentas at Business, Finance, News

With banks becoming more and more receptive to blockchain technology, financial institutions are looking for ways to stay relevant in a fast-paced industry. To address this issue, Tech Bureau (CEO: Takao Asayama) has announced the launch of Mijin, a low-cost solution for creating permissioned blockchains. Mijin is intended to allow individual corporations to...

Ripple Raises US$4 Million from Santander Bank, Partners with Accenture

October 10, 2015 by Joseph Young at Business, Finance, News

Real-time gross settlement system, currency exchange and remittance network provider Ripple Labs has raised an additional US$4 million from Santander Banking Group’s venture capital fund InnoVentures, bringing Ripple Labs’ Series A funding round’s total to US$32 million. "Santander InnoVentures is a natural fit in this round because of their demonstrated...

ERNIT Ushers the Traditional Piggy Bank into the Age of Bitcoin

October 5, 2015 by Nigel Dollentas at Business, News, Tech

Financial literacy among children is a hot-button topic for parents and educators. Instilling money-management and savings concepts at a young age is crucial. Children are typically introduced to this topic with a piggy bank, where it is easy to deposit money through a slit at the top of the pig....

Bitcoin Companies Compete in BBVA Open Talent Final

October 2, 2015 by Joseph Young at Business, News, Tech

Bitcoin companies Safello,, Vaultoro, Everledger, Wayniloans ,Coinalytics, Bitso, Bitnexo Volabit and Bitwage have become the finalists of the multinational Spanish banking group BBVA’s Open Talent Competition. Over 652 startups from 19 different sectors in the fintech and finance industry and over 60 countries from all around the world, holding less...

Australian Banks Close Accounts of Bitcoin Companies

October 2, 2015 by Joseph Young at Business, Finance, News

Australia’s largest banks have closed the accounts of 13 bitcoin companies and have sent letters to four others, informing them that their accounts will be closed soon without any further explanation. Ironically, the letters were sent by Westpac Banking Corporation and Commonwealth Bank of Australia, two of the four banks...

European Banking Federation: EU Legislators Should Regulate Cryptocurrencies

October 2, 2015 by Joseph Young at Business, Finance, News

The European Banking Federation, a major European banking trade group representing the continent’s banking industry, has released the “EBF blueprint for digital banking and policy change” report. The report recommends that European Union legislators regulate cryptocurrencies in order to avoid bitcoin-related Ponzi schemes and fraud. The EBF highlights the clear...

BNP Paribas Fortis: Bitcoin Vault Project Does Not Exist

October 2, 2015 by Joseph Young at Finance, News

BNP Paribas Fortis, an international bank based in Belgium and a subsidiary of BNP Paribas has denied its involvement with a bitcoin vault project which supposedly allows customers of the bank to store bitcoin in a safe storage with other financial assets. The spokesperson of BNP Paribas Fortis told Coindesk,...

R3 Ledger Project Grows to Include Twenty-Two Banks

September 29, 2015 by Nigel Dollentas at Business, Finance, News

R3 purports to be an “innovation firm focused on building and empowering the next generation of global financial services technology.” The company’s latest bid to fulfill that mission includes the launch of their distributed ledger project designed for global financial markets. The project started earlier this year with nine banks...

Bank of America’s Patent Application Ventures Into Bitcoin and Altcoin Ecosystems

September 28, 2015 by JP Buntinx at Business, Finance, News, Tech

On September 21st, financial giant Bank of America announced that had filed a patent for a new wire transfer system based on blockchain technology back in March of 2015. The patent application in question was revealed to the public on September 17th of this year, along with details of how...

Chain Inc. Raises US$30 Million from Wall Street Companies

September 23, 2015 by Joseph Young at Finance, News, Tech

Chain Inc., a San Francisco-based blockchain software company has raised US$30 million from Wall Street companies and investment banks, including Visa Inc., Citi Ventures and NASDAQ Inc, to enable institutions “to design, deploy, and operate blockchain networks that can power any type of asset in any market.” Chain Inc. aims...

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