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On August 14, the price of bitcoin surpassed the $4,300 mark, achieving yet another new all-time high. Amidst a strong week-long rally triggered by the rising tension between the US and North Korea, increasing demand from institutional investors and the hotly anticipated activation of Segregated Witness, the bitcoin dominance...
Seven financial institutions, including Alliance Bernstein, Citi, Credit Suisse and HSBC, have completed a multi-month proof-of-concept aimed at assessing the merits of blockchain to simplify reference data processes. The group, working with fintech startups R3 and Axoni through the Securities Industry and Financial Markets Association (SIFMA), sought to use blockchain...
Citi has announced the winners of its Citi Mobile Challenge in Europe, the Middle East and Africa (EMEA). Among the winners, GetGems, a mobile bitcoin wallet and messaging app, received the title of the "Most Visionary Social Media Solution," while Billon, a peer-to-peer blockchain-based payment solution, was named the "Most...

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