JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

Wall Street banking giant JPMorgan Chase is launching a new interbank payments platform powered by blockchain, the firm announced today. With the participation of two other banks – Australia-based ANZ and the Royal Bank of Canada (Australia) – the Interbank Information Network (IIN) will be built on Quorum, the ethereum-based blockchain network first unveiled last… Continue reading JPMorgan Launches Interbank Payments Platform on Quorum Blockchain

Bernanke at Ripple Event: Blockchain Has ‘Obvious’ Benefits in Payments

Former Federal Reserve chairman Ben Bernanke is bullish on blockchain. Speaking at Ripple’s Swell conference in Toronto today, being held the same week and in the same city as Sibos, the annual gathering hosted by Ripple’s rival Swift, Bernanke told a room of several hundred attendees that he believes payments can be slow and expensive… Continue reading Bernanke at Ripple Event: Blockchain Has ‘Obvious’ Benefits in Payments

Bank of America Report: Bitcoin’s True Value ‘Impossible to Assess’

A potential move by global brokerages to offer products around cryptocurrencies could have a big impact on the wider market, analysts at Bank of America Merrill Lynch wrote. In an Oct. 16 research note entitled “Introducing cryptocurrencies – what are they good for?”, the analysts tackle bitcoin as well as other cryptocurrencies such as ethereum… Continue reading Bank of America Report: Bitcoin’s True Value ‘Impossible to Assess’

Canadian Securities Commission Keen to Support Cryptocurrencies and ICOs

The Ontario Securities Commission recently declared that it is “keen to support” cryptocurrencies and initial coin offerings (ICOs). In addition to its service to help businesses comply with securities laws, it has established a dedicated team to respond quickly to cryptocurrency offerings. Keen to Support Cryptocurrencies and ICOs The Ontario Securities Commission (OSC) is the… Continue reading Canadian Securities Commission Keen to Support Cryptocurrencies and ICOs

Swedish Officials Settle First Debt in Bitcoin

Swedish officials with the Swedish Enforcement Authority has settled a debt with bitcoin. This is the first time the enforcement agency in the country accepted bitcoin as payment rendered for debt owed to the State. New Asset For Use by the Swedish Enforcement Authority An officer working with the authority said bitcoin is a new… Continue reading Swedish Officials Settle First Debt in Bitcoin

Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Japan has emerged as the largest market for bitcoin trading by volume. This represents a shift from the market dominance controlled by China as a result of the Chinese government blanket banning exchange platforms. Japan, along with South Korea to some extent, now represent major hubs of crypto-finance across the globe. According to recent data… Continue reading Japan Emerges as the World’s Foremost Hotbed of Bitcoin Trading

Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship

The South Pacific island nation of Vanuatu has become host to the world’s first government to accept bitcoin in exchange for citizenship. Vanuatu’s citizenship program costs $200,000 USD, meaning that at current prices the residency program costs less than 41.5 bitcoins. As Vanuatu is a member of the Commonwealth of Nations, the citizenship program grants… Continue reading Vanuatu Becomes First Nation to Accept Bitcoin in Exchange for Citizenship