Browsing the "Forex" Tag

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

| Ian Allison

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive…

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

| Daniel Palmer

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border…

citi, bank

Citi Has Scrapped Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency

| Ian Allison

Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It's easier to rely on SWIFT.

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

| Daniel Palmer

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.

Barclays sign

Barclays Joins CLS Blockchain Consortium in Search of Swift Alternative

| Michael del Castillo

Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium CLS.

What Does the Lull in Forex Volatility Mean for Bitcoin?

| Patrick Foot

Patrick Foot examines what the current lack of forex volatility means for traders of digital currencies like bitcoin.

Kraken bitcoin exchange

Kraken opens for trading with euros, bitcoins and litecoins

| David Gilson

Kraken, a new bitcoin exchange has come out of beta. We spoke to the CEO to find out more.

Looking inside BitEnsure: Bitcoin savings account or Ponzi scheme?

| David Gilson

BitEnsure claims to be a "bitcoin savings account". But is it any different from Trendon Shavers now-exposed Ponzi scheme?