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JPMorgan Automates Derivatives Margin Payments With Blockchain Tech

News Major global investment bank JPMorgan has developed a new blockchain-based solution for derivatives designed to speed up cash and collateral transfers. The tool was developed in partnership with California-based fintech firm Baton Systems and aims to enable the real-time movement of transfers..

Singapore’s MAS, JPMorgan Unveil Multi-Currency Blockchain Prototype

News Singapore's central bank and state investment firm have created a prototype multi-currency blockchain-based payments network together with JPMorgan. A Nov. 11 report from The Business Times indicates that the prototype is designed to enable payments denominated in different currencies to..

Kadena Mainnet Goes Live, New $20M Token Sale Starts Tomorrow

News The Kadena network, which is led by JPMorgan blockchain veterans, has gone live on Monday, with the firm announcing a new $20 million token sale. Kadena mainnet launch unlocks mining Kadena coinsAccording to an announcement on Nov. 4, Kadena has launched its mainnet Chainweb alongside the Kad..

Jamie Dimon About Libra: ‘A Neat Idea That Will Never Happen’

News JPMorgan Chase CEO Jamie Dimon has said that Facebook’s not-yet-released Libra stablecoin is “a neat idea that will never happen.” Dimon delivered his comments during a speech at the Institute of International Finance conference on Friday, BNN Bloomberg reported on Oct. 18. Dimon said that th..

Burj Khalifa Developer Emaar to Launch Tradeable Reward Token EMR

News Dubai-based real estate giant Emaar Properties has released its new blockchain token-based referral and loyalty platform. Real monetary valueEmaar, which developed the world’s tallest building, the Burj Khalifa, as well as the Dubai Mall, is planning to launch the EMR token for rewarding its ..

Singapore Bank Giant OCBC Joins JPMorgan’s Blockchain Network

News OCBC has become the first Singapore-based bank to join JPMorgan Chase’s interbank blockchain network. According to a Business Times Singapore report on Sept. 20, a total of 134 banks from the Asia-Pacific region are now participants in JPMorgan’s blockchain-powered interbank information netwo..

Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years

News The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud. As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders. JPMo..

Germany’s Largest Bank Joins JPMorgan’s Blockchain Network

News Germany’s largest bank, Deutsche Bank, has joined JPMorgan’s blockchain-based network, the Interbank Information Network (IIN). Two years in operationLaunched as a pilot in 2017, the JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap globa..

Facebook’s Libra Will Face Considerable Stress as a Payment System

While the bulk of the negative comments surrounding Facebook’s Libra have come from regulators, some financial analysts say the proposed cryptocurrency project could face massive operational issues. These problems reportedly affect cryptocurrencies designated as stablecoins. Meanwhile, opposition t..

Startup Led by JPMorgan Veterans Brings Free BaaS Platform to Azure

News Hybrid blockchain solutions startup Kadena has updated its enterprise blockchain platform on the Microsoft Azure Marketplace. On Aug. 27, Kadena announced that its new product called Kadena Scalable Permissioned Blockchain is available on Azure Marketplace for free. Blockchain scalability amb..

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