Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a…
Tag: banking
JPMorgan May Merge Its Blockchain Project With Ethereum Studio ConsenSys: Report – CoinDesk
Banking giant JPMorgan Chase may soon merge its Quorum blockchain project with ConsenSys, the ethereum-focused software developer and investor. According to a Reuters report Tuesday citing “people familiar with…
Swiss Banks Enter the Age of Bitcoin – CoinDesk
DAVOS — Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector. Although such bankers…
Binance’s Fiat-Gateway Partner Banxa Raises $2M in Series A Round – CoinDesk
Digital banking infrastructure provider Banxa has raised $2 million in a Series A round. Led by blockchain investment firm NGC Ventures, the round also saw the ASX-listed Thorney Investment…
Rivals Signature Bank and Prime Trust Team to Offer Instant Payments for Institutions – CoinDesk
Crypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform…
Fowler May Change ‘Not Guilty’ Plea in Crypto Capital Laundering Case – CoinDesk
Reginald Fowler, one of the individuals accused of running a “shadow banking” service for cryptocurrency startups, is expected to plead guilty to at least some charges during a court…
Dutch Bank ING Reportedly Working on Crypto Custody Tech – CoinDesk
Netherlands-based banking multinational ING is developing technology for the custody of crypto assets, according to Reuters. The news agency said in a report on Wednesday that sources “familiar with…
Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail – CoinDesk
The Netherlands is planning on bringing in harsher penalties for scams involving banking apps and cryptocurrencies. Proposed new legislation from the country’s Ministry of Justice and Security is aimed…
JPMorgan Blockchain Payments Network Eyes January Japan Launch – CoinDesk
JPMorgan Chase’s blockchain payments platform looks to be expanding to Japan, and soon. The U.S. banking multinational is eyeing a launch for its Interbank Information Network (IIN) in the…
Santander Exec Claims Blockchain Success as Bank Redeems Ethereum-Issued Bond – CoinDesk
Spanish banking multinational Santander has redeemed a bond worth $20 million that it issued on the public ethereum blockchain in September. With the move, John Whelan, head of Digital…