Bitcoin and Blockchain News Feb 24, 2016

PwC Director: Blockchain Impact Could Create Winners and Losers - 

In a new interview, 'big four' financial firm PwC opens up about its blockchain strategy and recently launched Blockchain Solution Portfolio, commenting on the current trends in the market and the reasons it believes the many proofs-of-concept currently in development at big banks may not quickly reach market.

Pete Rizzo / Feb 24, 2016 10:58 am


Japan Considers Regulating Bitcoin as Currency - 

Regulators in Japan have reportedly proposed treating digital currencies such as bitcoin as conventional currencies. According to a report by Nikkei, Japan's Financial Services Agency could enact the changes before the end of the legislature's current session, set to conclude in June.

Pete Rizzo / Feb 23, 2016 10:45 pm


CFTC Hearing Explores Role of Regulators in Blockchain Future - 

A meeting of the US Commodity Futures Trading Commission's Technology Advisory Committee today discussed how blockchain applications could reshape the derivatives market, with special attention paid to the need for industry standards and collaboration as use of the technology slowly grows.

Stan Higgins / Feb 23, 2016 10:26 pm


Orix, Shizuoka Become Latest Japanese Banks to Trial Blockchain - 

A group of Japanese financial services and technology companies have formed a new blockchain research initiative. The move is the latest by members of Japan's finance and technology industries to embrace or experiment with blockchain tech.

Stan Higgins / Feb 23, 2016 08:25 pm


UK Financial Regulator Vows to Give Blockchain 'Space' to Grow - 

The UK's financial watchdog has said it does not plan to regulate the blockchain industry for now as it believes the technology needs "space" to grow. The news was delivered in a speech by Christopher Woolard, director of strategy and competition at the Financial Conduct Authority, at the start of London Fintech Week.

Daniel Palmer / Feb 23, 2016 06:23 pm


Ripple: Distributed Ledger Tech Can Save Banks 42% on Payments - 

Ripple Labs' has released a report setting out the return on investment banks could theoretically realise using its blockchain tech payments network, both with and without its XRP native digital currency. It concluded that banks using XRP as a bridge currency could save up to 42% on costs today.

Daniel Palmer / Feb 23, 2016 05:00 pm


William Mougayar Joins Consensus 2016 Team, Cancels Business Blockchain Conference - 

Consensus 2016, CoinDesk's flagship conference, has added a new content advisor to its team. On the news, investor and industry thought leader William Mougayar is canceling a previously announced conference in Toronto, incorporating his vision into Consensus 2016.

CoinDesk / Feb 23, 2016 05:00 pm


JPMorgan Testing Blockchain Transfers With Over 2,000 Clients - 

JPMorgan has reportedly been moving money between London and Tokyo as part of a trial using blockchain technology. According to reports, the tests involve about 2,200 of the bank's clients.

Stan Higgins / Feb 23, 2016 03:27 pm


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Industry Event Updates

Get Noticed at Consensus 2016

Increase your exposure as an exhibitor in one of C16's networking lounges. Kiosks and knowledge bars are located in high traffic areas and in close proximity to keynotes and track sessions, providing a great opportunity to establish your presence, draw attention to your unique offering and conduct client meetings. Contact Peter Bordes, bordes@coindesk.com for more info.

May 2-4 / Marriott Marquis / NYC

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Industry Press Releases

24 Feb - Launch of Australian Digital Currency Industry Code of Conduct
23 Feb - Letter to BTCS Shareholders from the CEO
23 Feb - moBUinet Launches Social Network for Cryptocurrency Users and Merchants

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