Blockchain

A startup called Spring Labs has launched a blockchain network with the goal of getting lenders and data providers to share data to help verify customers' identity.

Just two months after going all-in on crypto, venture firm Full Tilt Capital LLC has been acquired by a hedge fund looking to make a big bet on blockchain.

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

JPMorgan Chase is said to be dropping its Quorum blockchain technology, and little is happening with other blockchain projects that have been in the works for years. What gives?

Luckily for Amazon, the OCC is no longer “the angry dad on the porch with a shotgun," trying to keep tech companies from hooking up with banks. JPMorgan Chase’s Amber Baldet can pack a room for a lesson on blockchains. And it is the end of catcalls in France.

The bank said it won’t do business with clients who sell guns to minors or those who fail background checks; JPM, B of A and Wells now hold nearly one-third of U.S. deposits.

The new law, which is modeled on a similar effort in the United Kingdom, aims to lure financial firms to the desert. It has drawn support from business organizations but opposition from consumer groups — a dynamic that is likely to be replayed in other states.

Localized industries that provide local services are a great fit for the blockchain model, argues F. Mark Kosierowski, finance and insurance adviser at the Dentacoin Foundation.

Employees at the second-largest Indian bank falsified documents in a scheme that ultimately cost the institution at least $2 billion. Some argue a distributed ledger would have helped prevent or minimize the fraud.

The speed at which money transfer payments are evolving from legacy, paper-based systems to digital platforms couldn’t be more stark at Western Union, where Sheri Rhodes has just been named executive vice president and chief technology officer.

The bank’s distributed ledger for private equity deals can now provide nodes to auditors, so they can easily access documents and data for their annual reviews.

Doubling down on its surprise pivot to blockchain technology, the former parent company of Long Island Iced Tea—now Long Blockchain Corp.—is buying a U.K. tech firm specializing in distributed ledger technology and cryptocurrency.

How do you get to the top of the payments stack at one of the nation’s preeminent digital-forward banks? You reach for every challenging opportunity you see, according to Reetika Grewal, head of payments strategy and solutions at Silicon Valley Bank.

Federal Reserve warns that nonbank lenders pose risks to the financial system; Swift says the technology needs more work.

Ripple, the U.S. digital payments company, is working with 61 Japanese banks on an application that will enable customers to settle cash transfers instantly around the clock, the latest effort to apply blockchain technology in finance.

At CUNA’s GAC, one credit union leader explained that CUs need blockchain and distributed ledger technology now for the same reason they needed websites in the '90s -- even if the technology is confusing, it's going to be a big deal sooner than you think.

State-level support will give the digital assets industry much needed footing, said Caitlin Long, a former managing director at Morgan Stanley.

Banks are putting the concept of securities lending on a blockchain-inspired platform to the test.

Momentum is continuing unabated for blockchain projects and initial coin offerings as the potential for blockchain continues to be realized.

Process would protect taxpayers from bailing out failed banks; bank plans to raze its midtown Manhattan headquarters and build a 2.5 million sq. ft. edifice on the site.