$1 bln investment seen in 2016 to drive blockchain adoption in capital markets – Survey
Jun 24, 2016 06:29 am UTC| Digital Currency
A new survey from Greenwich Associates has estimated that financial service firms and technology providers across the globe will spend over $1 billion in 2016 in order to bring blockchain to capital markets. In March...
R3 blockchain consortium adds first automotive financial services provider
Jun 24, 2016 04:30 am UTC| Digital Currency
Toyota Financial Services is the latest to join the blockchain consortium led by financial innovation firm R3. It is the first automotive financial services provider to join the consortium. Welcoming the new member, R3...
Blockchain startup Colu raises $9.6 mln in series A funding
Jun 23, 2016 12:40 pm UTC| Digital Currency
Colu, a blockchain startup based in Tel Aviv, has raised $9.6 million in a Series A financing round, drawing support from Aleph, Spark Capital, Digital Currency Group and former Thomson Reuters CEO Tom Glocer. The round...
Ripple’s global network adds seven leading financial institutions
Jun 23, 2016 10:09 am UTC| Digital Currency
Blockchain-based Ripple has announced the addition of seven new financial institutions as its technology partners. According to the companys insights, Santander, UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu...
Open source blockchain project Hyperledger welcomes seven new members
Jun 23, 2016 09:17 am UTC| Digital Currency
Linux Foundations open source Hyperledger Projecthas announced the addition of seven new members to the collaborative cross-industry effort that aims to advance blockchain technology by identifying and addressing important...
FSOC report urges financial regulators to monitor distributed ledger technologies
Jun 23, 2016 08:57 am UTC| Digital Currency
In a latest report, the Financial Stability Oversight Committee (FSOC) has highlighted several vulnerabilities and emerging threats in the U.S. financial system and recommends actions that should be taken to ensure...
Circle raises $60 mln in latest funding round, reveals expansion plans
Jun 23, 2016 06:51 am UTC| Digital Currency
Circle, a blockchain-based startup company headquartered in Ireland, has raised $60 million in latest funding round, drawing support from a syndicate of major Chinese strategic investors. The strategic financing round...