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Digital Asset Announces Acquisition of Swiss-Based Technology Company Elevence

New acquisition adds complementary technology and significantly bolsters senior development team Digital Asset Holdings (Digital Asset), a developer of distributed ledger technology for the financial services industry, announced that it has acquired Zurich-based Elevence Digital Finance AG (Elevence), a technology firm that has developed an expressive language for financial institutions to model and execute agreements with certainty and finality. This ... Read More »

Dutch Central Bank to Create Prototype Blockchain-Based Currency

The Dutch central bank has committed to developing an internal blockchain prototype dubbed “DNBCoin”, according to a recent publication.  It is a strategy to create a permanent digital replacement for cash. Buried in the latest annual report from the De Nederlandsche Bank, published on 16th March, is a tiny item detailing the experiment.  Elsewhere in the report, DNB posits that blockchain tech ... Read More »

40 Banks Trial Commercial Paper Trading in Latest R3 Blockchain Test

A consortium of financial institutions led by startup R3CEV has completed a trial of five different blockchain solutions. The blockchain concepts tests were presented by Eris Industries, Ethereum, IBM, Intel and Chain, according to reports by Reuters and The Wall Street Journal. Preparations began early last month, culminating with the test during the last two weeks of February. Forty banks took part, drawn from the ... Read More »

Blockchain Technology Summit – New York City May 2 – 4, 2016

CONSENSUS 2016 CoinDesk is proud to present its 2nd annual blockchain technology summit, Consensus 2016, in collaboration with Digital Currency Group (DCG), the blockchain industry’s most active investor, and Coin Center, the industry’s leading public policy research and advocacy center. The multi-day event will define what is “real” in blockchain technology and focus on how to mainstream real-world applications for ... Read More »

Ripple Joint-venture with SBI brings Distributed Ledger to Asia

Distributed ledger technology provider Ripple and Japanese financial services firm SBI Holdings have announced the creation of a joint partnership, which will expand Ripple into the Asian market. Ripple, which focuses on the using blockchain-like technology for payments, is based predominantly in San Francisco with presences in New York, London and Sydney. SBI is a US$28 billion financial services conglomerate with ... Read More »

Australian Securities Exchange (ASX) Details Blockchain Strategy

The Australian Securities Exchange (ASX) has revealed new details about its effort to innovate in the Australian equities market with blockchain technology. The ASX is now actively working on a technology transformation programme that will employ blockchain (distributed ledger) technology to potentially replace its equities settlement systems.  In its half-yearly results, the group said it incurred AU$18.7m on capital expenditure during the period ending 31st December 2015, compared ... Read More »

South Korea’s Central Bank Encouraged to Explore Blockchain Technology

A new report undertaken by the Bank of Korea recommends that the central bank monitor developments in the blockchain space and even undertake its own research into the technology. Authored by Dong sup Kim of the bank’s Payment Systems Research Team, the paper sets out by introducing cryptocurrencies and distributed ledgers before attempting to predict the future for the technology.  ... Read More »

Blockstream Raises $55 Million to Build Out Bitcoin’s Blockchain

Blockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use.   Blockstream’s total funding rises to $76m over two investment rounds. To date, the company’s signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains. Blockstream’s ... Read More »

Digital Asset Closes Funding Round with US$60 million from Goldman Sachs and IBM

The Goldman Sachs Group, Inc. and IBM join other strategic investors to further accelerate the adoption of Digital Asset solutions Digital Asset Holdings, LLC, a developer of Distributed Ledger Technology for the financial services industry,  announced that The Goldman Sachs Group, Inc. and IBM have joined its recently announced funding round (read full press release here) bringing the total to more ... Read More »

Elliptic: Identifying Illicit Activity on the Bitcoin Blockchain

Founded in 2013, Elliptic is a blockchain intelligence company. It identifies illicit activity on the Bitcoin blockchain and provide services to the leading Bitcoin companies and law enforcement agencies globally. Elliptic has recently announced that it has partnered with Digital Asset Holdings, the distributed ledger software provider, on their first digital security issuance. Source:  Elliptic Read More »

Bank of England to Explore Distributed Ledger Tech for Settlement

The Bank of England has indicated it will consider the impact of distributed ledgers as part of a plan to modernize the country’s settlement system. During a speech given at the Bank of England on January 28th 2016, Minouche Shafik, the central bank’s deputy governor for markets and banking, laid out a four-point vision for the initiative, which has the mandate to deliver goals ... Read More »

IBM Talks Open Ledger Project – Bright Future for Blockchain

When IBM revealed it would lend its support to the Open Ledger Project in its December announcement, it was followed by a wave of popular press proclaiming that the initiative would become a new blockchain for business, one perhaps better suited to enterprises than alternatives like bitcoin. Organized under the umbrella of the Linux Foundation, the Open Ledger Project attracted banks, financial institutions, ... Read More »

Digital Asset Holdings Blockchain Startup Struggles to Close Funding

Digital Asset Holdings, the startup led by ex-JPMorgan exec Blythe Masters, is apparently having issues closing an inaugural investment round.  Blythe’s previous employer JPMorgan Chase & Co has already committed about $7.5m to the undisclosed round, but Digital Asset has been struggling for some time to complete the deal with other investors, according to The New York Times. Digital Asset is hoping to raise $35m to $45m in ... Read More »