Argentinian Bank Drops Out of SWIFT, Favors Bitcoin and Cryptocurrency

According to Toshi Times, Jose Dakak, the principal shareholder of Argentinian bank Banco Masventas, has stated that the bank will drop out from the global financial network SWIFT and begin utilizing the Bitcoin blockchain network to settle international payments. Can Bitcoin Replace SWIFT? Through a strategic partnership with Bitex, a cryptocurrency payment service provider based

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Bank of America Adds to Growing List of Blockchain Patents

Blockchain is finding more implementation in the mainstream and Bank of America (BoA) is at the forefront of a group of legacy companies that are using Distributed Ledger Technology (DLT) to validate the veracity of information and those using it. A Security-inclined Blockchain Recently, the bank won another blockchain patent, adding to its growing list

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Boston Stock Exchange Partners tZero to Launch Regulated Security Token Exchange

The operator of the Boston Stock Exchange has announced a partnership with Overstock subsidiary tZero to launch the world’s first regulated security token exchange. The joint venture, unveiled on Tuesday, will see tZero and Boston Stock Exchange company BOX Digital Markets develop a regulated venue that facilitates the trading of blockchain tokens that are classified

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Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said during an interview with Business Insider’s Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, O’Brien, who served as the CEO of VISA UK for six years from 2008

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Startup Teams Samourai Wallet on App to Trade Bitcoin Without the Internet

GoTenna, a decentralized startup, has teamed with Samourai Wallet, a bitcoin wallet focused on privacy and security, on an app that allows users to trade bitcoin when not connected to the web. The TxTenna app marks an effort to further decentralize the bitcoin network, according to Richard Myers, a goTenna decentralized applications engineer and co-founder

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Snapchat’s Main Investor is Forming a Cryptocurrency Fund

On May 18, Recode reported that it has discovered Lightspeed Venture Partners, the main investment firm which backed many successful technology companies like Snapchat operator Snap, is planning to establish a fund that is exclusive to the cryptocurrency market. Three Options Sources of Recode confirmed that the venture capital firm is actively investigating into various

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Don’t Tell Jamie! JPMorgan May Help Its Clients Invest in Cryptocurrency

JPMorgan, the largest bank in the US with a $384 billion market valuation, has tasked Fintech and In-Residence programme head Oliver Harris to create various strategies the corporation could utilize to help its clients to invest in the cryptocurrency market. Motivation In 2017, JPMorgan CEO Jamie Dimon, who is often described as one of the

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Bitcoin Traders Join Supreme Court Challenge to India’s Banking Blockade

More bitcoin traders are challenging India’s directive for banks to stop financial services to cryptocurrency exchanges in the populous Asian country, with a court hearing of the challenge set for Thursday this week amid complaints that the Reserve Bank of India (RBI) is curtailing “essential” trade services. On Monday, the Economic Times in India reported

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HSBC Completes World’s First Blockchain Trade Finance Transaction

Financial services group HSBC said on Monday it had for the first time utilised blockchain technology to complete a speedy commercial trade finance transaction that normally takes around a week using normal paper-based processing mediums. The transaction was the first time that a blockchain – the technology which powers cryptocurrencies such as bitcoin – has

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