Banks

Capital One Applies for Blockchain-Based Collaborative Authentication System Patent

19 hours ago admin2 0
American bank holding corporation Capital One has filed a patent application for the implementation of blockchain technology in user authentication, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 16. According to the document, the inquiry is a continuation of a patent application submitted by Capital One to the USPTO Read More

Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery

2 weeks ago admin2 0
August 5: After yesterday’s market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the Read More

BBVA Signs $117 Mln Blockchain-Powered Corporate Loan

4 weeks ago admin2 Comments Off on BBVA Signs $117 Mln Blockchain-Powered Corporate Loan
Banco Bilbao Vizcaya Argentaria (BBVA) has signed a new blockchain-based loan with civil engineering firm ACS Group, according to the BBVA’s official statement July 19. BBVA, a multinational Spanish banking group, signed an agreement with ACS to provide a long-term bilateral corporate loan of €100 million ($117 million). The new blockchain-powered loan contract will reportedly Read More

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

1 month ago admin2 Comments Off on Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain
Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9. The Czech-headquartered giant’s subsidiary Benson Oak Ventures will focus specifically on the Israeli market. Having already raised $25 mln, a further $75 mln is Read More

Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies

2 months ago admin2 Comments Off on Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies
The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about Read More

Banks and Regulators Complete KYC App Test on R3 Blockchain Platform

2 months ago admin2 Comments Off on Banks and Regulators Complete KYC App Test on R3 Blockchain Platform
39 financial firms partnered with blockchain consortium R3 completed more than 300 transactions via R3’s know your customer (KYC) application, according to a post on R3’s blog June 28. R3’s KYC project involved major financial and banking institutions worldwide such as Deutsche Bank, ING, the National Bank of Egypt, Raiffeisen Bank International, and others. It Read More

Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts

2 months ago admin2 Comments Off on Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The co-founder of Irish Bitcoin (BTC) broker Eircoin accused the Banking and Payments Federation of Ireland (BPFI) of discriminating against crypto-related accounts, The Irish Times reports June 21. Dave Fleming blamed the BPFI for, “seeking to muddy the waters with insinuations of dirty money.” Eircoin, which is reportedly “Ireland’s only Bitcoin broker,” was closed in Read More

Bloomberg: Crypto, Fiat Trading App Robinhood ‘in Talks’ to Obtain US Banking Licence

2 months ago admin2 Comments Off on Bloomberg: Crypto, Fiat Trading App Robinhood ‘in Talks’ to Obtain US Banking Licence
Stock and crypto trading app Robinhood plans to offer banking services to its 4 mln users, Bloomberg reported June 20, citing anonymous sources. Robinhood, which in February began allowing zero-fee cryptocurrency trading through its Robinhood Crypto tool, is currently in “constructive” talks with the U.S. Office of the Comptroller of the Currency (OCC) to position Read More