Could an overbearance of regulation divide the crypto space and create a “gray” market composed of unregulated exchanges, where digital assets trade at lower prices? At a panel at Consensus: Distributed exploring the impact of the Financial Action Task Force (FATF) “Travel Rule,” Bakkt President Adam White said yes. “We are going to see a bifurcation in the crypto space,” said White. “We are going to […]
Ian Allison
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IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space. Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion. “Now we’ve got a very strong partnership with IBM for scaling globally and we are working closely together on Asia, […]
Crypto sleuthing firm Elliptic has expanded its scope to cover some 97% of digital assets by trading volume – the broadest range of any crime-fighting blockchain analytics service, the company said. Announced Wednesday, Elliptic Navigator adds 87 new crypto assets to the firm’s existing purview. That said, touting just the number of coins covered can be “fairly irrelevant,” said Elliptic co-founder Tom Robinson, because analytics shops […]
Enterprise blockchain isn’t dead, but survival has meant more collaboration and some smart pivots. That was the prevailing sentiment in the enterprise-focused corners of this week’s Consensus: Distributed conference. Back in 2015, a large amount of hype was generated as whole industries, starting with finance, began espousing the technology behind bitcoin, which would transform business processes and herald a global technological upgrade. A recalibration of expectation […]
R3, the company behind distributed ledger technology (DLT) platform Corda, is edging ever closer to Ethereum, with news of a partnership with blockchain-in-the-cloud startup Kaleido. The announcement comes following Kaleido’s emergence as a standalone company last month. The startup revealed Tuesday it was spun out of ConsenSys, the Ethereum-based venture studio founded by Joe Lubin. “We spun out April 1. It’s been exciting for us to […]
Tradeshift, the digital trade finance platform that uses blockchain to make payments instant and transparent, has proposed a scheme to the government of Denmark that will free billions of dollars from supply chains, the startup says. The COVID-19 crisis, like the 2008 financial crisis, has seen companies stretch payment terms and try to preserve cash, which causes a ripple effect down the supply chain and makes […]
A new messaging standard released today is designed to help cryptocurrency firms comply with anti-money laundering regulations from the Financial Action Task Force (FATF). The standard, called IVMS101, defines a uniform model for data that must be exchanged by virtual asset service providers (VASPs) alongside cryptocurrency transactions. The standard will identify the pseudonymous senders and receivers of crypto payments, with such information “traveling” with each transaction. […]
IBM has created a new blockchain consortium with three of Europe’s electricity grid operators to help smooth the transition to renewable sources of energy. It’s an important step in the direction of decentralizing and democratizing the way power is consumed, which is essential if nations are to reach 2050 carbon-reduction goals. The new Equigy platform is backed by TenneT, a grid provider covering Netherlands and part […]