BNY Mellon Shakes Up Treasury Unit for Blockchain Focus

BNY Mellon’s treasury unit has organized a new innovation group aimed at investigating and testing new technologies like blockchain. Dubbed the Global Innovation Group, the effort will be spearheaded by managing director Christopher Mager, who previously worked as the unit’s head of market segments. Officials...
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Bitcoin Loan Platform BitLendingClub to Shut Down

Peer-to-peer bitcoin lending platform BitLendingClub has announced that it is shutting down next year. First detailed in an email to users and later a blog post on its website, BitLendingClub said that “regulatory pressure” in Bulgaria, where the site is based, had driven the site to close....
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Smart Contracts Startup Hires Cryptographer Lisa Yin

Smart contracts startup Symbiont has hired a cryptographer best known for her work in detailing how to break the SHA-1 hashing algorithm as its new chief security officer. Dr. Lisa Yin, who will also serve as chief cryptographer, was one of three academics to publish a 2005 paper...
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Bitcoin Loan Platform BitLendingClub Announces Shutdown

Peer-to-peer bitcoin lending platform BitLendingClub has announced that it is shutting down next year. First detailed in an email to users and later a blog post on its website, BitLendingClub said that “regulatory pressure” in Bulgaria, where the site is based, had driven the site to...
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Major Japanese Banks Seek Lower Costs With Blockchain Payments

Several major Japanese banks, in partnership with bitcoin exchange bitFlyer and Deloitte Japan, have published the first results of a blockchain interbank payments trial. The Blockchain Study Group, which includes Mizuho Financial Group, Inc., Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Financial Group, Inc., have...
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