The Exchange Announces a Blockchain Exploration Opportunity

The Exchange Announces a #blockchain Exploration Opportunity

  • MEMPHIS, Tenn., April 13, 2017 /PRNewswire/ — The iconic Merchant Exchange Building in Memphis, Tennessee, joins international efforts in advancing new financial technologies.
  • The Exchange Project team, in partnership with The FedEx Institute of Technology, is spearheading a workshop on blockchain technology on May 15th and 16th at 365 Innovation Drive, Memphis, Tennessee.
  • The spirit of innovation and entrepreneurship that laid the foundation for the Exchange Building has been revitalized in emerging sharing economy financial technologies.
  • Eric Matthews, Founder and CEO of StartCo in Memphis, says The Exchange Building has been an important enabler of the technology startup ecosystem by providing teams landing in Memphis from around the world flexible and affordable housing.
  • The Exchange Project takes this spirit of innovation to a new level by development of distributed ledger technology applications and promoting local adoption of crypto-economic business models.

MEMPHIS, Tenn., April 13, 2017 /PRNewswire/ — The iconic Merchant Exchange Building in Memphis, Tennessee, joins international efforts in advancing new financial technologies.  The Exchange Project team, in partnership with The FedEx Institute of Technology, is spearheading a workshop on blockchain
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Blockchain start-ups pair up on currency processing platform

  • “We’ve worked with a different (blockchain platform), but we didn’t think it was fit for purpose for a market the size of FX.
  • The current foreign exchange market requires multiple records to be created for buyer, seller, broker, clearer and third parties in currency trades, and then reconciliation across multiple systems.
  • LONDON (Reuters) – Two London-based start-ups have joined forces on a platform to process currency trades with blockchain technology, in an effort to cut settlement times and costs in the $5 trillion-a-day (4.10 trillion pounds) global foreign exchange market.
  • Blockchain, which originated in the digital currency bitcoin, works as a web-based transaction-processing and settlement system.
  • Like Cobalt DL, SETL is also run by heavyweights from the world of finance, rather than pure technologists.

By Jemima Kelly LONDON (Reuters) – Two London-based start-ups have joined forces on a platform to process currency trades with blockchain technology, in an effort to cut settlement times and costs in the $5 trillion-a-day (4.10 trillion pounds) global foreign exchange market. Cobalt DL, fronted by
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‘Disputive’ blockchain technology set to be co-opted by banks

  • A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology.
  • Astronaut Tim Peake praised Northern Ireland’s “cutting-edge” technology, as he.
  • Margaret Canning Astronaut Tim Peake praised Northern Ireland’s “cutting-edge” technology, as he opened a new £6m (â ¬6.7m) space propulsion centre in Belfast.
  • ‘Disputive’ blockchain technology set to be co-opted by banks
  • Corda’s code will be contributed next month to the Hyperledger project – a cross-industry project led by the non-profit Linux Foundation to advance blockchain technology by coming up with common standards.

A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the indus
Continue reading “‘Disputive’ blockchain technology set to be co-opted by banks”

Exclusive: Blockchain Platform Developed by Banks to Be Open-Source

  • Business Day | Exclusive: Blockchain Platform Developed by Banks to Be Open-Source
  • “We want other banks and other parties to innovate with products that sit on top of the platform, but we don’t want everyone to create their own platform …
  • The Corda platform has been developed by a consortium brought together by New-York-based financial technology company R3.
  • Corda’s code will be contributed on Nov. 30 to the Hyperledger project – a cross-industry project led by the non-profit Linux Foundation to advance blockchain technology by coming up with common standards.
  • It represents the biggest shared effort among banks, insurers, fund managers and other players to work on using blockchain technology in the financial markets.

A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology.
Continue reading “Exclusive: Blockchain Platform Developed by Banks to Be Open-Source”

Exclusive: Blockchain Platform Developed by Banks to Be Open-Source

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Exclusive: #blockchain Platform Developed by Banks to Be Open-Source  

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  • Business Day | Exclusive: Blockchain Platform Developed by Banks to Be Open-Source
  • “We want other banks and other parties to innovate with products that sit on top of the platform, but we don’t want everyone to create their own platform …
  • The Corda platform has been developed by a consortium brought together by New-York-based financial technology company R3.
  • Corda’s code will be contributed on Nov. 30 to the Hyperledger project – a cross-industry project led by the non-profit Linux Foundation to advance blockchain technology by coming up with common standards.
  • It represents the biggest shared effort among banks, insurers, fund managers and other players to work on using blockchain technology in the financial markets.

A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology.
Continue reading “Exclusive: Blockchain Platform Developed by Banks to Be Open-Source”

Exclusive: Blockchain platform developed by banks to be open-source

Exclusive: #blockchain platform developed by banks to be open - source #tech #news

  • Yahoo News has your full coverage from the evening, from the Yahoo Studios in New York and on
  • Gunman kills two Americans near Kabul base, NATO says
  • Dudley, in clear signal, expects Fed rate hike this year
  • “One of the great things about America’s democracy is that we have a vigorous, sometimes bitter political contest,” Obama said Tuesday during joint news conference with Italian Prime Minister Matteo Renzi at the White House. “
  • Separatist violence erupted in eastern Ukraine in 2014 and has killed 9,600 people so far.

By Jemima Kelly LONDON (Reuters) – A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has been developed
Continue reading “Exclusive: Blockchain platform developed by banks to be open-source”

Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years

  • (2) “Blockchain Rewires Financial Markets: Trailblazers Take the Lead,” IBM Institute of Business Value (IBV), September 2016, ibm.biz/blockchainfm
  • A second new IBM study, “Blockchain Rewires Financial Markets: Trailblazers Take the Lead (2),” is based on a survey of 200 global financial markets institutions.
  • “To start, first movers are setting business standards and creating new models that will be used by future adopters of blockchain technology.
  • ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ — Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM (NYSE: IBM ) studies.
  • Conducted by the IBM Institute for Business Value (IBV), the banking study revealed that more than 70 percent of trailblazers surveyed, or early adopters, are prioritizing blockchain efforts in order to break down current barriers to creating new business models and reaching new markets.

ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ —   Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two …
Continue reading “Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years”

Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years

  • (2) “Blockchain Rewires Financial Markets: Trailblazers Take the Lead,” IBM Institute of Business Value (IBV), September 2016, ibm.biz/blockchainfm
  • A second new IBM study, “Blockchain Rewires Financial Markets: Trailblazers Take the Lead (2),” is based on a survey of 200 global financial markets institutions.
  • As the market evolves, blockchain technology may add at least one new revenue stream; the potential to monetize reference data looms large.
  • IBM is advancing the science of blockchain, helping to remove complexity, and making it more accessible and open.
  • “To start, first movers are setting business standards and creating new models that will be used by future adopters of blockchain technology.

ARMONK, N.Y., Sept. 28, 2016 /PRNewswire/ —   Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two …
Continue reading “Blockchain Adoption Moving Rapidly in Banking and Financial Markets: Some 65 Percent of Surveyed Banks Expect to be in Production in Three Years”

Bitcoin plunges nearly 25% in 6 days: Here’s 3 reasons why

#bitcoin plunges nearly 25% in 6 days: Heres 3 reasons why

  • The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit.
  • Bitcoin was trading around $590.53 by midday London time, a fall of around 23.8 percent from the $774.94 close on June 17, which marked the highest close since November 22, 2013.
  • But opinion polls leading up to the referendum showed a slight bias towards the remain camp winning, helping push financial markets and the sterling higher, but causing a fall in the price of bitcoin.
  • “The bitcoin price when it goes up is always fuelled by a high leverage, people using margin borrowing money to buy up the price anticipating the block rewarded halving, so the smallest hairline crack can cause a selloff,” Bobby Lee, chief executive of BTCC, one of the largest bitcoin exchanges in the world based in China, told CNBC by phone on Thursday.
  • Bitcoin plunges nearly 25% in 6 days: ‘s 3 reasons why

Read the full article, click here.


@bitcoinagile: “#bitcoin plunges nearly 25% in 6 days: Heres 3 reasons why”


From Yahoo Finance: The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit.


Bitcoin plunges nearly 25% in 6 days: Here’s 3 reasons why

Bitcoin plunges nearly 25% in 6 days: Here’s 3 reasons why

  • The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit.
  • But opinion polls leading up to the referendum showed a slight bias towards the remain camp winning, helping push financial markets and the sterling higher, but causing a fall in the price of bitcoin.
  • Bitcoin was trading around $590.53 by midday London time, a fall of around 23.8 percent from the $774.94 close on June 17, which marked the highest close since November 22, 2013.
  • The initial rise in the price of the cryptocurrency came last week as traders prepared for a process known as “halving” – where the rewards offered to bitcoin miners fall tightening the supply of the digital currency.
  • Although if you look at the bitcoin price among exchanges based in China they are $10-20 lower than the global exchanges, this might reflect the yuan’s 5-year low and the expected yuan volatility as a result of Brexit,” Aurélien Menant, CEO and co-founder, Gatecoin, a digital currency exchange, wrote in an email to CNBC.

Read the full article, click here.


@CNBC: “Bitcoin plunges nearly 25% in 6 days: Here’s 3 reasons why”


The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit.


Bitcoin plunges nearly 25% in 6 days: Here’s 3 reasons why