The Commonwealth Bank of Australia has revealed a plan to issue a bond over a blockchain system, possibly as soon as next year. Though few details were revealed, Sophie Gilder, CommBank's head of blockchain, said that the bond would be transferred and paid for over a blockchain-based system in...
Japanese firms Mitsubishi UFJ Financial Group (MUFG) and NTT Data announced yesterday the launch of a blockchain proof-of-concept aimed to foster trade between Singapore and Japan. With participation from Singapore's National Trade Platform (NTP), the cross-border pilot is being designed to ease international trade flows in a "secure and...
Indonesia's central bank has revealed is considering new regulations that would outlaw bitcoin transactions from 2018. Bank Indonesia's head of transformation, Onny Widjanarko, said yesterday that the bank is seeking the ban due to concerns over bitcoin's potential use in terrorism financing, money laundering and drug trafficking. The central bank, which has the...
If CryptoKitties didn't come up in every single session at Token Summit II, it came close enough. But the insanely viral trading game was most often cited not as a success, but as an example of industry challenges. As put forward by developers and entrepreneurs, the world's second-largest blockchain, just...
Finnish communications giant Nokia has announced a new blockchain pilot aimed at developing new ways to store healthcare data. In a press release on its website, Nokia announced that it had begun the project with OP Financial Group. One hundred participants are taking part in a bid to test how...
The Reserve Bank of India (RBI) has issued a new warning on cryptocurrencies, the second time this year the central bank has done so. In a short statement published on Dec. 5, the central bank expressed caution to "users, holders and traders" of cryptocurrencies, naming bitcoin in particular. It...
If the opening reception at Token Summit II was any indication, the initial coin offering (ICO) market is still brimming with enthusiasm – but struggling to figure itself out. CoinDesk arrived last night only a few minutes after the start time, but the room was already full of people...
The price of bitcoin has risen above $12,000 for the first time. According to CoinDesk's Bitcoin Price Index (BPI), the price of the world's largest cryptocurrency by market capitalization is trading at $12,201.67. This represents a gain of just over $500 since the day's open and a gain of...
Don't launch a token no one wants today. While that may seem obvious, it's the distilled version of the advice Coinbase co-founder and board director Fred Ehrsam gave during his fireside chat at Token Summit II, taking place today in San Francisco. According to Ehrsam, demand in the crypto...
Regional airline carrier Surf Air announced late last week that it would support bitcoin and ethereum payments for its monthly membership and charter services. The "all-you-can-fly" private airline will allow users to pay for their seats with either cryptocurrency through a mobile app. It serves several cities in California,...