Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack. That’s according to a news report from...
Shares of Overstock.com rose 11.6 percent on Tuesday (Oct. 17) as a result of the company’s investment in blockchain, CNBC reports. The stock has reached four-year highs due to investor interest in the technology. Overstock CEO Patrick Byrne has spent three years developing a blockchain-focused...
Russia is making a big move in the digital currency market, announcing that it will soon be offering its own cryptocurrency. According to UK’s Express, the cryptocurrency – dubbed the CryptoRuble – will launch in a few weeks. Once it does, all other cryptocurrencies will...
Might seamless cross-border payments be among the holy grails of payments? Think of the complexities: multiple currencies, time zones, financial institutions, regulations … the list goes on. Speed and simplicity are prizes to be desired in cross-border transactions (as they are to be prized in...
JPMorgan, along with Royal Bank of Canada and Australia and New Zealand Banking Group Limited, announced Monday (Oct. 16) the launch of the Interbank Information Network (IIN). In a press release, the banks said the new initiative uses blockchain technology to limit the friction in...
JPMorgan’s CEO Jamie Dimon is at it again – he’s slamming bitcoin, the popular digital currency, just weeks after receiving flack for calling it a fraud. During an Institute of International Finance conference late last week, Dimon was asked a question about bitcoin and responded...
JPMorgan chief executive officer Jamie Dimon’s recent comments that Bitcoin is a “fraud” have prompted outrage by one cryptocurrency startup. The firm is using Dimon’s words in a full-page advertisement running in the Wall Street Journal. According to a report by CNBC, Eidoo, the Switzerland...
While many believe that millennials are shifting their focus away from stocks to bitcoin and other investments, the co-founder of popular stock trading app Robinhood isn’t as convinced. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev...
Ripple revealed that RippleNet, its blockchain network, now services more than 100 financial institutions. “We are pleased to announce that Bexs Banco, AirWallex, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, RAKBANK, and TransferGo, among others, have joined RippleNet,” the company said in a statement....
