cointelegraph

We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner

A new commissioner at U.S. regulator the Commodity Futures Trading Commission (CFTC) repeated called for handling fintech – including blockchain and cryptocurrency – with an open mind in a speech Thursday, Oct. 25.

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Sony Unveils ‘Multiple Application’ Contactless Crypto Hardware Wallet

The research arm of Japanese technology giant Sony announced it had created a contactless cryptocurrency hardware wallet in a press release Tuesday, Oct. 23. The as yet unnamed device utilizes IC smart card technology popular in Japan to communicate with the Bitcoin (BTC) or other cryptocurrency network.

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MasterCard, VISA to Classify Crypto, ICOs as ‘High Risk,’ Increase Monitoring

Payment giants MasterCard and VISA will soon group cryptocurrency and Initial Coin Offering ( ICO) jurisdictions in a new high risk category, financial trading news site Finance Magnates reported Friday, October 12.

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Mastercard Awarded Patent for Partitioned, Multi-Currency Blockchain

Mastercard has been awarded a patent for a method to partition a blockchain, making it capable of storing multiple transaction types and formats. The patent filing was published by the U.S. Patent and Trademark Office (USPTO) on Oct. 9.

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Ahead of Traditional Banking: How Africa Employs Blockchain for Financial Inclusion

On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to radically transform the country’s financial inclusion landscape.

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US Financial Giant PNC to Use Ripple Technology for International Payments

PNC, which is ranked among the top ten U.S. banks, will use RippleNet to process international payments for its customers, Ripple announced Wednesday, September 19. As Reuters reports, a particular PNC unit Treasury Management will use Ripples blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients.

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Fast & Seamless: The Race for the Cross-Border Payments Market

Competition in the business of facilitating cross-border payments has just gotten tighter. Until recently, the primary fintech challenger to the reigning SWIFT international payment system has been Ripple Labs and its various products designed for the institutional banking sector.

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JPMorgan’s Balancing Act Between Blockchain and Crypto

Multinational investment bank JPMorgan Chase has had a chequered relationship with cryptocurrencies over the years. While it has maintained an apparent apathy toward Bitcoin and the likes, the financial institution has openly embraced blockchain technology and is actively using it in various internal projects.

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Deloitte Survey: Blockchain ‘Getting Closer to Breakout Moment Every Day’

Big Four auditor Deloitte’s 2018 blockchain survey, published August 27, reveals that the technology is gaining significantly – if unevenly – in traction at the executive level of enterprises across diverse industries.

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Singapore Central Bank Partners With Deloitte, Nasdaq on Blockchain Asset Settlement

The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24.

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China Social Media Giant Blocks Crypto Media Accounts

WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has reportedly blocked a number of crypto and blockchain related accounts, local financial news outlet Lanjinger reported August 21.

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Square’s Cash App Expands Bitcoin Trading to All 50 States

Mobile payment company Square’s Cash App has recently rolled out Bitcoin (BTC) trading in all 50 states, the firm confirmed in a Tweet August 13. According to the companys announcement, Cash App users are now able to conduct Bitcoin buy and sell transactions in all the U.S. states.

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