Facebook renames Calibra wallet as Novi to avoid confusion

Another step is afoot in the development of Facebook-led digital currency initiative Libra - as the Calibra wallet is renamed Novi to sever any links between it and Libra itself.

The move is aimed at ensuring Libra, whose membership includes Andreessen Horowitz, Coinbase and Shopify among others, is not seen as a Facebook-only entity. According to the company, the name Novi is derived from the Latin 'novus', for new, and 'via' for way.

The Novi wallet is the main bulwark...

National Stock Exchange of Australia building blockchain system with new partnership

The National Stock Exchange of Australia has announced that it has partnered with fintech firm iSignthis in order to develop a blockchain-based settlement and clearing system called ClearPay.

欧洲杯买彩票The system will help to offer digital asset trading as well as settlements in real-time. It could also be used to make fractional trading—the option to say, buy a fraction of an Apple stock—possible. ClearPay is expected to be launched in early 2021 after which the National Stock...

Chainalysis announces global rollout of anti-money laundering compliance solution for Tether

欧洲杯买彩票Blockchain analysis provider Chainalysis has announced the global launch of its compliance solution in partnership with Tether.

欧洲杯买彩票Chainalysis Know Your Transaction (KYT) for Token Issuers is a real-time anti-money laundering (AML) compliance solution that monitors a token from issuance to redemption.

Jonathan Levin, co-founder of Chainalysis said: “Stablecoins like Tether, which peg their value to other assets, were developed to appeal to mainstream audiences who are...

Lightnet receives $31.2m in series A funding for Asian blockchain financial mobility network

欧洲杯买彩票Thailand-based fintech firm Lightnet has raised $31.2 million (£23.9m) in a series A funding round led by UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities.

The raised funds will be used to fortify the company’s investment in the underlying blockchain technology on the Stellar Network, and to build a next-generation financial mobility...

CaixaBank integrates we.trade for foreign deals, touts European bank advantage

欧洲杯买彩票Spain’s CaixaBank has become one of the first European banks allowing companies to access blockchain technology by adding we.trade to its service catalogue.

欧洲杯买彩票The Spanish financial services firm, which is considered one of the highest-rated banks in the world based on the quality of its digital products and services, has successfully implemented the we.trade blockchain platform for companies to assist them in internationalising their business.

Developed by a consortium...

Santander redeems $20 million bond using Ethereum – reports

Spanish multinational commercial bank Banco Santander has redeemed a $20 million (£15.2m) bond through the Ethereum blockchain.

According to the company, the move intends to make issuing bonds quicker, efficient and simpler. Santander also said that the bond will remain of the Ethereum blockchain until the end of its one-year maturity.

欧洲杯买彩票John Whelan, head of digital investment banking at Santander, tweeted on December 10 that the company had ‘just performed an early...

Blockchain and crypto are more than just tech – they can also raise people’s wellbeing

The past decade or so has been a landmark time for financial inclusion. With the advent of affordable mobile phones, programmes that focus on microfinancing, and a slew of user-friendly and mobile-first financial services such as M-Pesa, more people than ever have been able to pay, be paid, and save.

This said, as of 2017, according to the World Bank and First Data an estimated 1.7 billion people across the globe remain without access to formal financial accounts. On top of this,...

NatWest and Coadjute form blockchain consortium to streamline home buying in UK

欧洲杯买彩票NatWest, alongside Coadjute, is forming a new distributed ledger technology consortium with the aim of streamlining the process of home buying in the UK.

As first reported by Forbes, through this consortium the home buying process could aim to be cut down to three weeks from several months. Some of the other software providers which are also part of the consortium are Redbrick Solutions Conveyancing Software, Search Acumen Property Data, Dezrez Estate Agency Software, Conveyancing...

Blockchain: From irrational exuberance to genuine adoption – and where to go from here

欧洲杯买彩票Thanks to Bitcoin and other cryptocurrencies, blockchain has become associated with speculators and maverick investors. But with the excitement around cryptocurrencies having tempered somewhat attention is now turning to blockchain’s more practical uses. The industrial and commercial sectors, which make up the bulk of GDP in many developed economies, are building applications that will increase their efficiency and overall transparency.

欧洲杯买彩票Companies that embrace this shift not only...

Wells Fargo plans to pilot DLT-powered internal settlement service

Wells Fargo is planning to pilot its new internal settlement service ‘Wells Fargo Digital Cash’, which will run on the company’s first DLT platform.

The service enables the company to complete internal book transfers of cross-border payments within its international network using digitised cash, which will be exchanged among the network.

欧洲杯买彩票The company has so far successfully proven the concept of moving value between the US and Canada. The internal DLT network will...