San Francisco-based distributed ledger technology company Chain has been acquired by Lightyear, an entity powered by the Stellar network in an undisclosed agreement. Announced last week, Lightyear will be re-named to Interstellar concurrent with the me…
Stellar, the creator of the lumens (XLM) — often stylized as stellar — cryptocurrency, is said to be engaged in talks to acquire blockchain startup Chain for $500 million. Citing anonymous sources familiar with the discussions, Fortune repo…
The Bank of England (BoE), Britain’s Central Bank, published a Proof-of-Concept (PoC) which analyzes the possibilities of allowing users to share data in a safe and secure network. The bank partnered with blockchain infrastructure provider, Chain…
Adam Ludwin, CEO of Chain, a company that has developed blockchain protocols for Visa and Capital One, told Fortune Magazine that blockchain’s main purpose is to disrupt financial networks and not the non-financial areas that reports have cited as being disrupted. Ludwin said blockchain is a database for money, and he doesn’t know why people […]
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Adam Ludwin, chief executive officer at Chain, a San Francisco, Calif.-based startup that partners with businesses like Visa and Nasdaq to provide blockchain networks, explained how blockchains work and urged bankers to embrace the technology during a keynote address at the International Conference on Policy Challenges for the Financial Sector, held at the Federal Reserve in […]
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Developers, bankers, regulators, investors, businessmen, thought leaders and visionaries from around the globe descended on New York for a three-day event to discuss what has taken the world by storm, blockchain technology and its applications. Consensus 2016, the biggest event since blockchain was invented seven years ago, set the theme with a general feeling that […]
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Amazon Web Services will partner with Digital Currency Group (DCG) on a platform that will allow companies to experiment with blockchain technology, according to Forbes. Blockchain providers in DCG’s portfolio will be able to work in a secure environment with financial institutions, enterprise technology companies and insurance companies. A blockchain can make financial services more […]
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In an announcement today, Nasdaq revealed the issuance of its client Chain.com’s share to a private investor using the company’s private-market blockchain platform Linq. Calling it a ‘major advance’ in blockchain technology for private companies, a Nasdaq press release has announced the issuance of shares by Chain.com to a private investor using its blockchain-powered […]
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Nasdaq was the first fully electronic stock exchange, launching in 1971. Other exchanges still required traders to turn in slips of paper, which wouldn’t only be a hassle, but also inefficient with a lot of room for error. Fast-forward 44 years, and Nasdaq is looking at becoming the first stock exchange to use the block chain, the decentralized ledger at the heart of Bitcoin and most, if not all, cryptocurrencies. Last month, Nasdaq announced it had partnered with Chain, a block chain services provider, to facilitate the efficient issuance and transfer of shares in privately-held companies. A somewhat smaller part […]
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