Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing have teamed up to address challenges around the provision of collateral to central counterparties (CCPs) using blockchain technology. The consortium has completed a proof of concept around the use of securities to cover margin calls, with a shared network that can be built between collateral givers, collateral takers […]
Read MoreThe chief executive of blockchain consortium R3 has come out fighting against rumours that the company is facing financial difficulty. David Rutter said in a statement that an “inaccurate” and “negative” news article about R3 had been published as a result of disgruntled former employees of R3 spreading false rumours. Fortune published a story last […]
Read MoreCommerzbank has instantaneously replicated an FX forward using blockchain in a trade with German industrial group, thyssenKrupp. The successful use of blockchain eliminated the need for transaction reconciliation between the two parties because the trade was stored as a single immutable record. Commerzbank and thyssenKrupp’s FX forward deal was a EUR/PLNFX trade which amounted to […]
Read MoreThe chief executive officer of Korona is Jean-Marc Stigemeyer, a one-time engineer who worked on the Apollo 11 program for NASA’s space program. He is sure that Blockchain is a real future – a company pretending to have a new ecosystem has everything necessary to help redeem the “second crypto-economic boom” and to reach a […]
Read MoreCryptocurrencies were lower on Thursday, with Bitcoin falling to a six-week low amid reports that the U.S. Justice Department is looking into whether traders are manipulating the price of Bitcoin and other virtual currencies. Bitcoin was trading at $7,377.80, falling 6.74% as of 7:59 AM ET (11:59 GMT) on the Bitfinex exchange. As virtual currencies […]
Read MoreBitcoin is an industry which creates a ton of jobs. With so many companies getting in on the cryptocurrency action, a lot of employment opportunities are created in the process. However, research indicates there is a factor determining how many jobs are available in this particular industry. It seems the falling Bitcoin price is directly […]
Read MoreGermany second-biggest stock exchange, Börse Stuttgart, is expanding its footprint into the cryptocurrency sector with the launch of a new crypto trading platform. Bison is the new platform that the exchange says will simplify the process of trading digital currencies and becomes the first crypto app, backed by a reputable stock exchange. Bison Crypto Trading […]
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