FINRA takes a hard look at usefulness of blockchain

The white paper by the the self-regulatory body for securities traders looks at the possible impact of emerging blockchain technology on the industry.

financial news

Business lobby pushes back on cyber rule for banks

by Shaun Waterman • 4 days ago

The proposed rules are duplicative, overly prescriptive and use vague or undefined language, says the U.S. Chamber of Commerce.

FTC hosting FinTech event on Blockchain and AI

by Shaun Waterman • 7 days ago

The March 9 half-day event at the University of California Berkeley would be open to the public and appealed for volunteers to take part in panel discussions.

SWIFT global banking system pilots blockchain tech

by Shaun Waterman • 2 weeks ago

SWIFT says blockchain isn't ready for primetime — it won't be used for transaction or settlement. But the pilot will test it for real-time monitoring of foreign currency accounts.

Blockchain will secure global derivatives trading

by Shaun Waterman • 2 weeks ago

The move by the Depository Trust and Clearing Corporation heralds the first time blockchain will be used in the inter-bank settlement process.

Illegal bitcoin exchange operator pleads guilty in case tied to JPMorgan Chase hack

by Patrick O'Neill • 2 weeks ago

After a massive hack of JPMorgan Chase with international implications, another conspirator plead guilty to operating an illegal Bitcoin exchange used to launder hackers' funds.

Global Blockchain Business Council will debut at Davos

by Shaun Waterman • 3 weeks ago

The idea for the Global Blockchain Business Council came out of a conversation at a Caribbean summit hosted on Richard Branson's Necker Island in June.