Blockchain

Robo advice, big data/AI and DLT. What do European regulatory authorities think (and intend to do)? The European Securities and Markets Authority has put forth a framework for working with FinTech firms which is centered on investor protection, financial stability and orderly markets. For now, some think it’s best for regulators to take a wait and see approach to blockchain … [Read more...] about BLOCKCHAIN WATCH 2/06/17

HK FinTech company Credit China FinTech invests $30 million in blockchain provider BitFury Group Credit China FinTech will invest $30 million in BitFury shares and the setting up of the joint venture as part of the deal, according to CNBC. “We have a working prototype payment system using blockchain technologies in our research laboratory,” Phang Yew Kiat told … [Read more...] about BLOCKCHAIN WATCH 1/30/17

Coinbase gets NYDFS virtual currency license The New York State Department of Financial Services granted a virtual currency license after conducting an extensive review of the company’s applications. The agency also granted licenses to XRP II and Circle Internet Financial, and charters to Gemini Trust Company and itBit Trust Company, according to Finextra. SWIFT, The DTCC … [Read more...] about BLOCKCHAIN WATCH 1/23/17

Chinese regulators target bitcoin in effort to limit capital leaving the country Virtual currency suffered a bump in the road after the People’s Bank of China conducted inspection of bitcoin exchanges. The central bank’s supervision of bitcoin trading is an effort to slow the outflow of capital and stabilize the yuan, reports The Wall Street Journal. Blockchain … [Read more...] about BLOCKCHAIN WATCH 1/15/17

Blockchain promises cost cuts, but what about revenue Banks could potentially use blockchain to cut costs, but it’s unclear whether or not blockchain could be a source of revenue for banks as Tanaya Macheel points out in American Banker. Yes, cutting costs is a plus, but banks are also looking to see if blockchain can be used to gain a competitive edge that’ll offer a higher … [Read more...] about BLOCKCHAIN WATCH 1/9/17

Collaboration will drive blockchain’s success The tools built for blockchain are largely designed with developers in mind, which makes creating tools for consumer blockchain interaction difficult, Richard Collin writes for CoinDesk. As 2017 quickly approaches, collaboration is key. If developers work with commercial organizations and they both work with consumers, the better … [Read more...] about BLOCKCHAIN WATCH 12/26/16