Search Results for: blockchain
Westpac VC invests in Bitcoin player Coinbase
July 8th, 2015
In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies. In the first deal involving ...
Bitcoin: What you didn’t know but always wanted to ask
July 7th, 2015
A new technology for the banking world: “The internet of money” In 2008, an individual or group writing under the name of Satoshi Nakamoto published a paper that described a peer-to-peer version of electronic cash that “would allow online ...
Singapore pledges S$225m to fintech
July 2nd, 2015
Singapore has committed S$225 million over the next five years to a scheme designed to build a vibrant ecosystem for innovation in fintech. Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the investment (around US$167 million) in ...
Computop and Bitnet Enable Merchants to Accept Bitcoin as Payment
July 1st, 2015
Computop, a leading payment service provider (PSP), and Bitnet, a bitcoin payments processor, today announced a strategic technology partnership. Through this partnership, global merchants will be able to accept bitcoin as a payment method on Computop Paygate. Bitcoin is ...
Barclays Trials Bitcoin Tech With Pilot Program
June 23rd, 2015
Barclays has signed off on a proof-of-concept to trial bitcoin technology. Following an agreement with bitcoin exchange Safello, the UK bank says it will explore how blockchain technologies could bolster the financial services sector. Speaking to CoinDesk, Safello CEO ...
Bitcoin Could Change The Derivatives Market, Says UBS Banker
June 22nd, 2015
Bitcoin could change derivatives, in particular settlement, trading and securities issuance according to some individuals, among whom are bankers and technologists. Alex Batlin, who has been a vocal supporter of banks adopting Bitcoin related technologies, told attendees of the ...
EBA: 51% Attack Remains Bitcoin’s Biggest Problem
June 18th, 2015
Bitcoin’s biggest problem is still the threat of a 51% attack, according to Dr Dirk Haubrich, head of consumer protection and financial innovation at the European Banking Authority (EBA). He said his main concern about the widespread adoption of ...
New Coindesk Report: Who Really Uses Bitcoin ?
June 11th, 2015
Young, pale, techie and male. Anecdotally, this has been the make up of bitcoin’s core community since the cryptocurrency began, at least if media reports and Internet chatter are to be believed. But in 2015, is this still an accurate reflection ...
Some Financial Heavyweights Just Invested in a Trading Platform Linked to Bitcoin
June 10th, 2015
Symbiont, which plans to use bitcoin’s underlying technology to make it quicker and cheaper to transfer assets between buyers and sellers, has won the backing of several financial industry heavyweights. The company, according to a statement Tuesday, has raised ...
Possible $500,000 Bitcoin Cloud Mining Ponzi Scheme Uncovered
June 8th, 2015
Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, “I suspect many will turn out to be Ponzi schemes.” There have been a few cloud mining scams uncovered ...
