Tag Archives: Business News

Mastercard Patent Filing Outlines Way to Anonymize Crypto Transactions

Payments giant Mastercard claims to have developed a new way of keeping cryptocurrency transactions private. According to a patent application published Thursday by the U.S. Patent and Trademark Office, the payments giant has proposed a system of conducting transactions over a blockchain which would obfuscate both the point of origin and the amount being transacted. As explained, the system… Read More »

Binance Launches Multi-Account Feature for Institutional Crypto Traders

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A… Read More »

Coinbase Wants to Own ‘BUIDL’ Trademark, Filing Reveals

Exchange giant Coinbase is seeking a trademark for “BUIDL,” a popular term used by some segments of the cryptocurrency community, public records show. According to an Oct. 2 filing with the United States Patent and Trademark Office (USPTO), the San Francisco–based tech unicorn wants “BUIDL” to become one of the company’s protected brand names. “BUIDL, not HODL,” a rallying cry… Read More »

4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda

Four European banks – Commerzbank, ING, Natixis and Rabobank – have settled a live transaction for a short-term debt instrument on the Corda platform developed by blockchain consortium startup R3. According to a report from FinTech Futures on Thursday, the transaction involved an issuance of a one-day maturity euro commercial paper (ECP) worth €100,000 (or $1,13,432) at a… Read More »

BitGo Brings Banker Out of Retirement to Lead Institutional Crypto Custody

BitGo has hired Richard J. Corcoran, a long-time veteran of the trust company industry, to head the crypto security startup’s institutional custody business. Announced Thursday, Corcoran will oversee billions of dollars in value as CEO of a recently formed division called BitGo Trust Company, one of a growing field of crypto custodians courting hedge funds, family offices and… Read More »

Swiss Post, Swisscom Developing New Blockchain Platform on Hyperledger

Swiss Post, the country’s national postal service, and state-owned telecoms provider Swisscom have united to develop a blockchain platform. The two announced Thursday that they are using Hyperledger Fabric to build their “simple, secure and sustainable” private blockchain infrastructure, intended to be utilized by their own, as well as other companies’, applications. The infrastructure is designed to meet the… Read More »

R3’s New Corda App Supports Payments in XRP Cryptocurrency

Distributed ledger technology provider R3 has launched the Corda Settler, an application aimed to facilitate global cryptocurrency payments within enterprise blockchains – and it’s starting with XRP. R3 said XRP is the first globally recognized cryptocurrency to be supported by Settler, bringing the Corda and XRP ecosystems into closer alignment – something of a rapprochement considering Ripple and… Read More »

Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants

Abu Dhabi Global Market (ADGM), an international financial free zone within the United Arab Emirates, says it has successfully completed the trial of a blockchain-based know-your-customer (KYC) application. ADGM announced Tuesday that the first phase the project has been concluded in association with its regulatory body, the Financial Services Regulatory Authority (FSRA), and project advisor KPMG. The KYC… Read More »

Air Force Grad School Launches Blockchain Demo Site

The Air Force Institute of Technology (AFIT), a graduate school run by the U.S. Air Force, has launched an educational tool for blockchain. Modern Materials Handling magazine reported Monday that the school had launched a free demonstration website for supply chain management professionals in particular, aimed at helping students learn more about blockchain and its potential use cases.… Read More »