20 October 2017
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Latest virtual currency news

Sibos 2017: Swift CEO claims cyberthreats becoming 'manageable nuisance'
Wholesale banking

Sibos 2017: Swift CEO claims cyberthreats becoming 'manageable nuisance'

16 October 2017  |  4482 views  |  0 comments | 3 tweets | 3 linkedin

In recognition of two of the central threats facing his organisation - hackers and upstart rivals - Swift CEO Gottfried Leibbrandt used his opening remarks at this year's Sibos in Toronto to talk up his gpi and cybersecurity programmes.

Ripple looks to drive bank adoption with $300m XRP rebate programme
Transaction banking

Ripple looks to drive bank adoption with $300m XRP rebate programme

13 October 2017  |  16030 views  |  0 comments | 12 tweets | 4 linkedin

Ripple is hoping to tempt banks to jump onto its enterprise blockchain network by dangling a rebate, in the form of its XRP digital asset, to early commercial adopters.

Ripple blockchain network hits 100-member mark
Payments

Ripple blockchain network hits 100-member mark

10 October 2017  |  8259 views  |  0 comments | 13 tweets | 13 linkedin

Credit Agricole and TransferGo are among the latest financial services firms to join Ripple's enterprise blockchain network, which now claims more than 100 users.

IMF chief says banks would be unwise to dismiss the threat from virtual currencies
Retail banking

IMF chief says banks would be unwise to dismiss the threat from virtual currencies

03 October 2017  |  8496 views  |  0 comments | 25 tweets | 34 linkedin

IMF managing director Christine Lagard believes virtual currencies might just give existing currencies and monetary policy a run for their money.

Overstock unit preps ATS for trading digital coins issued in ICOs
Blockchain

Overstock unit preps ATS for trading digital coins issued in ICOs

28 September 2017  |  5320 views  |  0 comments | 4 tweets | 2 linkedin

The blockchain subsidiary of online retailer Overstock is teaming up with RenGen and Argon Group to launch an SEC-compliant Alternative Trading System (ATS) for trading digital coins issued in initial coin offerings (ICOs).

Japanese banks plot national digital currency
Mobile & online

Japanese banks plot national digital currency

26 September 2017  |  8990 views  |  0 comments | 19 tweets | 20 linkedin

Japanese banks are fighting back against the threat from China's Alibaba with plans to introduce their own digital currency in time for the 2020 Tokyo Olympics.

German central bank flags DLT weaknesses
Retail banking

German central bank flags DLT weaknesses

22 September 2017  |  9327 views  |  0 comments | 17 tweets | 21 linkedin

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology's prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies.

JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidity
Wholesale banking

JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidity

13 September 2017  |  11794 views  |  2 comments | 16 tweets | 29 linkedin

JPMorgan Chase chief Jamie Dimon has upped the ante in his criticism of bitcoin, declaring the cryptocurrency a fraud and warning that he would fire any trader caught dealing in the coin for being "stupid".

Ripple and R3 trade blows in legal dispute
Blockchain

Ripple and R3 trade blows in legal dispute

11 September 2017  |  9718 views  |  1 comments | 4 tweets | 5 linkedin

Blockchain startups Ripple and R3 are going to court to resolve a dispute over the unilateral termination by Ripple of an options contract on its XRP digital currency unit held by R3.

Cryptocurrency transactions to exceed $1trn by year-end: report
Open APIs

Cryptocurrency transactions to exceed $1trn by year-end: report

05 September 2017  |  20969 views  |  0 comments | 24 tweets | 21 linkedin

A new report has forecast that the value of cryptocurrency transactions will surpass the $1 trillion milestone before the end of 2017.

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