It’s been a long journey for Alan Lane since the Silvergate Bank CEO bought his first bitcoin in 2013. That was around the time his small, deposit-hungry bank, based in La Jolla, California, took on its first crypto exchange as…
Tag: Banking
ING Bank Launches Zero-Knowledge Tech for Blockchain Privacy
ING Bank is continuing further down the path of advanced blockchain privacy with the release of its Zero-Knowledge Set Membership (ZKSM) solution, announced this week at the Sibos banking conference. The Netherlands-based lender had already received plaudits for adapting classical zero-knowledge…
What China’s Cashless Revolution Can Teach the West About Crypto
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.…
Crypto Defender Spars With Famed Critic During US Senate Hearing
Advocacy versus skepticism. “Dr. Doom” versus “Captain Coin.” Whatever you want to call it, two divergent viewpoints on the topic of cryptocurrency collided before a group of U.S senators on Thursday. Economist Nouriel Roubini – famous for predicting the 2008…
Ripple Event Reveal: 3 Companies Are Now Using XRP for Real Payments
After a series of highly-publicized pilots, three companies are now making commercial use of Ripple’s xRapid product. XRapid employs the digital asset XRP, using it as a “bridge currency” in cross-border payments, which according to the company, reduces the cost…
Samsung Looks to Streamline Banking With Blockchain Tool
Samsung SDS, a subsidiary of South Korea’s tech conglomerate, has developed a blockchain-based certification platform for South Korean banks, it announced Monday. Developed in collaboration with the Korea Federation of Banks, a new platform called BankSign is said to make…
GMO’s New Internet Bank Will Settle Payments With Blockchain
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The firm said in a company notice that it had teamed up with Aozora Bank Group on the joint…
Payments Giant Qiwi Unveils Crypto Investment Bank
Qiwi, one of the largest e-payment providers in Russia, is launching a crypto investment bank, called HASH, to advise investors and help Russian companies tokenize their assets once the appropriate regulation in Russia is in place. The company announced it…
Korean Banks Can Use Blockchain to Verify Customer IDs from July
A national banking group in South Korea is to roll out a blockchain-based ID verification system for domestic commercial banks in just weeks. According to a notice revealed on Monday by the Korea Federation of Banks (KFB), the new system…
Sberbank Buys Commercial Bonds Issued Over Blockchain Platform
Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain. MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the…