Financial Services Industry
Financial Services Industry| News, how-tos, features, reviews, and videos
Facebook won't launch cryptocurrency until U.S. regulators approve
Growing pressure from regulators prompted Facebook CEO Mark Zuckerberg to say his company will not back a global financial network based on a cryptocurrency without government okay.
HTC launches a cheaper blockchain phone
HTC is now selling the Exodus 1s, a blockchain-enabled smartphone that can natively store Bitcoin and other cryptocurrencies and costs less than half the price of its predecessor.
Can Facebook's Libra cryptocurrency survive the exodus?
Seven of the founding members of the Libra Association, Facebook's non-profit governing council for its planned cryptocurrency, have jumped ship amid increasing scrutiny by U.S. and European regulators.
Here's why there won’t be a quick enterprise blockchain revolution
While corporate CIOs see the distributed ledger technology as innovative, blockchain is unlikely to become technically and operationally scalable anytime soon.
Facebook's Libra crypto backers step back amid regulatory pressure
Concerns over possible nefarious use of the cryptocurrency may be causing Visa, MasterCard and others to tap the brakes on the project.
How blockchain is helping the coffee industry count beans
Blockchain will enable farmers, bankers, exporters and others to track and trace the shipment of coffee beans from grower to retailer.
Why Wells Fargo plans to pilot its own cryptocurrency
The world's fourth-largest bank said cryptocurrency will allow near real-time money movement and cut out settlement middlemen, thus reducing costs from fees.
Why France and Germany fear Facebook’s cryptocurrency – and plan to block it
France and Germany are the latest nations to come out against cryptocurrencies, saying they will block Facebook's Libra as it poses a risk to consumers and “the monetary sovereignty” of European nations.
Gartner sees blockchain as ‘transformational’ across industries – in 5 to 10 years
CIOs have to continue to educate execs and senior leaders about blockchain opportunities and challenges and continue to develop proofs of concept to test its business worthiness, the research firm says.
Q&A: What Apple’s embrace of cryptocurrency could mean for the payment industry
Apple has become the latest in a flurry of mega companies exploring the use of cryptocurrency, the implications of which could drastically transform payment processing.
Apple exec confirms cryptocurrency is on company radar
After indications earlier this year that Apple might be interested in cryptocurrency, a company exec this week confirmed the company is indeed interested in digital money, as it has "interesting long-term potential."
Why hybrid blockchains will dominate ecommerce
By combining a permissioned blockchain with a public blockchain, companies can secure background transactions with business partners while also sharing product information with consumers on an open ledger.
Hedera Hashgraph launches mainnet, hopes to compete with global business networks
Hedera is a distributed ledger that runs on a new protocol that enables higher transactional throughput than bitcoin or Ethereum and is aimed directly at business use.
Why blockchain, despite some early success, remains a corporate enigma
While the benefits of blockchain seem straightforward, the nuances around implementing it — including adding business partners to a network, integrating it with legacy systems and navigating uncertain regulatory waters — make its...
Everything we know about Apple Card (updated x2)
Here is everything we know so far about the card, and links to additional resources.
Q&A: Overstock.com's Jonathan Johnson on integrating Bitcoin for online payments
Overstock.com embraced Bitcoin more than five years ago. The president of the company's blockchain investment subsidiary has some advice for others considering adopting cryptocurrency as a form of payment.
What's a smart contract (and how does it work)?
Smart contracts are potentially one of the most useful tools associated with blockchain, and they can enable the transfer of everything from bitcoin and fiat currency to goods transported around the world. Here's what they do and why...
Trump’s hostile view of Bitcoin and crypto could chill industry
In a series of tweets, the president said he's not a fan of digital currency that's based on 'thin air,' a stance experts believe could signal government pushback and new regulatory scrutiny.
Download: Beginner's guide to blockchain
Although it rose to fame on the power of bitcoin, blockchain has rapidly morphed into an enterprise-worthy platform that could disrupt a variety of industries. Here's everything you need to know to understand this important...
