Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
The banking giants have settled over $200 billion in transactions using the blockchain-based system.
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Nov 17, 2022 at 11:16 a.m. UTC
Nov 17, 2022
foreign exchange
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CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
The New York Fed simulated foreign exchange transactions using a distributed ledger to test for improvements over the current system.
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Nov 4, 2022 at 2:00 p.m. UTC
Nov 4, 2022
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France, Switzerland, Singapore to Test DeFi in Forex Markets
The countries' central banks started Project Mariana because they think decentralization could be the future of finance.
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Nov 2, 2022 at 9:12 a.m. UTC
Nov 2, 2022
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Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns
Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versus other global currencies, in turn driving up prices for imports.
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Nov 1, 2022 at 4:59 p.m. UTC
Nov 1, 2022
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As Bank of England Intervenes, Druckenmiller Sees Crypto Renaissance
Have we officially hit the “things are breaking” stage in markets?
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Sep 28, 2022 at 9:42 p.m. UTC
Sep 28, 2022
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The Dollar Is Our Currency and Your Problem
Why the dollar’s strength represents such a problem for the rest of the world.
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Sep 27, 2022 at 8:38 p.m. UTC
Sep 27, 2022
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Bitcoin Starting to Lead FX Markets, Analysis of Tesla Reaction Shows: Report
EUR/USD, the most liquid currency pair globally, tracked bitcoin higher following the Tesla news.
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Feb 12, 2021 at 1:10 p.m. UTC
Feb 12, 2021
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Vanguard to Go Live on Symbiont's Blockchain Platform for Foreign Exchange in Q3 2020
Mutual fund giant Vanguard has completed another blockchain pilot that aims to change the risk profile of foreign exchange transactions.
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Jun 26, 2020 at 8:45 p.m. UTC
Jun 26, 2020
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Goldman, Morgan Stanley Go Live With CLS' IBM-Powered Blockchain
CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in development.
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Nov 28, 2018 at 6:59 a.m. UTC
Nov 28, 2018
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British FX Firm Currencies Direct Pilots Ripple Tech
Foreign exchange brokerage Currencies Direct successfully completed several international transfers using Ripple's xRapid product.
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May 29, 2018 at 5:15 p.m. UTC
May 29, 2018