Category: News

JPMorgan Has Big Plans for Blockchain

JPMorgan Chase & Co.’s (JPM) distributed ledger venture, Quorum, recently made news when its head, Amber Baldet, moved on to start her own company. But her departure has hardly put the brakes on its ambitious plans for the future. (See also: JP Morgan Looking to Ethereum Blockchain.) A post in Coindesk states that Quorum has “amassed a tribal following” among developers. In ...

Singapore Fintech Festival Takes Asean Focus In Third Run

THE Singapore Fintech Festival will focus on fintech developments and opportunities in Asean in its third run this year, said organisers from the Monetary Authority of Singapore (MAS) on Wednesday. The annual festival – to be held from Nov 12 to 16 this year – comes as Singapore holds the chairmanship of Asean. To that ...

Goldman Sachs to Open a Bitcoin Trading Operation

SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin. But Goldman Sachs, perhaps the most storied name in finance, is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank. In ...

Singapore Initiative Expedites Blockchain Patent Approval Process

Fintech companies in Singapore will have patents approved faster thanks to an expedited patent application-to-grant process initiative announced by the Intellectual Property Office of Singapore (IPOS). Patents will be granted in as soon as six months, compared to two years minimum for normal applications, according to an announcement published on the IPOS website. Low Yen Ling, senior ...

Nasdaq Is Open to Becoming Cryptocurrency Exchange, CEO says

Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company’s CEO. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman told CNBC’s Squawk BoxWednesday. “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ ...

Google Is Working on Its Own Blockchain-Related Technology

Google is working on blockchain-related technology to support its cloud business and head off competition from emerging startups that use the heavily-hyped technology to operate online in new ways, according to people familiar with the situation. Companies use blockchain and other so-called digital ledgers to securely record transactions and process other data over the internet ...

Google Is ‘Actively Looking’ At How It Can Use Blockchain Technology, Its Head of Advertising Says.

Google is looking at whether it can incorporate blockchain technology, its most senior advertising executive said Wednesday. Sridhar Ramaswamy, Google’s senior vice president of ads and commerce, said the company was researching the technology, but had no official product announcements to make. “This is a research topic, so I don’t have anything super-definitive to say. ...

China IT Ministry to Create Official Blockchain Standards

A Chinese government body is considering creating national standards to boost the development of blockchain and distributed ledger technology (DLT) in the country. According to an announcement released yesterday, the Ministry of Industry and Information Technology has already, as a first step, hosted a research seminar recently to discuss how such standards frameworks might be built. The ...

How Blockchain Can ‘Revolutionise’ The World

Proponents of blockchain technology say that it is set to revolutionise the world with wide-reaching applications in finance, academia, and international trade. Blockchain – known as distributed shared ledgers – is a technology that records and verifies transactions based on cryptography. “Blockchain technology is not only be connected with money, is more about economy’s structure,” ...

Cryptocurrency, ICO and Blockchain Officially Added to the Dictionary

Besides helping language learners, students and everyone else find the exact definitions of words, dictionaries also sometimes serve as time capsules that reveal what new ideas become important part of human society at what times. With roots in the anarchist and cyberpunk sub-cultures, many bitcoin advocates may feel the scene doesn’t need anyone’s seal of ...