HSBC‘s blockchain-based system has helped the bank save 25 percent on foreign exchange (FX) trades. The bank facilitates payments across its American, European and Asia-Pacific trading hubs via its HSBC FX Everywhere platform, which launched last year and uses a shared permissioned ledger that allows...
Mitsubishi UFJ Financial Group (MUFG) is teaming up with Akamai Technologies to create a payments network based on blockchain, CoinDesk reported. MUFG said the platform, dubbed the Global Open Network, will handle more than 1 million transactions per second. The system is said to be created...
South Korean cryptocurrency exchange Bithumb announced the launch of its own fiat-to-crypto exchange in the United Arab Emirates (UAE) with UAE-based firm Nvelop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Ripple reportedly offered bonuses via its digital currency during its recruiting process, according to CoinDesk. One unnamed source was said to have provided the outlet with a 2018 email that indicated a package of XRP with a value as high as $3 million. According to...
Despite the fact that it’s rejected a number of bitcoin exchange-traded fund (ETF) proposals, a commissioner at the U.S. Securities and Exchange Commission (SEC) believes one will eventually win approval. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Bitcoin continues to struggle, reaching its lowest level in 7.5 weeks on Wednesday (Feb. 6) to end the session at $3,328. As CoinDesk reported, the crypto also “created a bearish outside reversal candle on the daily chart.” There is a possibility that bitcoin’s decline could reach the...
The Digital Isle of Man is making a blockchain push with the rollout of an Isle of Man Blockchain Sandbox and the creation of a blockchain office, according to reports. The blockchain office will provide marketing support and foster collaboration in the field (as well...
While the bitcoin price was holding steady on Tuesday (February 5), the crypto was still stuck below $3,500. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Kraken has bought a trading startup called Crypto Facilities in a deal described as a “nine-figure” acquisition, CoinDesk reported. Through the deal, users of Kraken will be able to use a unified trading interface to open positions and trade spot. Kraken CEO Jesse Powell told...
