Santander redeems $20 million bond using Ethereum – reports

Spanish multinational commercial bank Banco Santander has redeemed a $20 million (£15.2m) bond through the Ethereum blockchain.

According to the company, the move intends to make issuing bonds quicker, efficient and simpler. Santander also said that the bond will remain of the Ethereum blockchain until the end of its one-year maturity.

John Whelan, head of digital investment banking at Santander, tweeted on December 10 that the company had ‘just performed an early...

Fiat Chrysler and Glencore join responsible sourcing blockchain network

Fiat Chrysler Automobiles (FCA) and mining firm Glencore have become the latest entrants to join the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration which uses blockchain technology in order to support sustainable, responsible sourcing and production practices from mine to market.

According to Fiat Chrysler, the company will jointly work with the network for the launch of a global audit and trace of cobalt in its supply chain. By 2022, the automaker is...

Figure Technologies closes $103 million series C round to boost blockchain for lending mission

Figure Technologies, a financial technology company announced that it has closed a $103 million (£78.3m) series C funding round led by Morgan Creek Digital and joined by MUFG Innovation Partners and other new and existing investors.

The company’s goal is to help stakeholders lend money through the use of blockchain technologies. Key products include Figure Home Equity Line, which aims to provide approval for a line of credit in as little as five minutes, as well as...

Fewer executives are talking about blockchain in earnings chat – but there’s no call for concern

According to recent analysis from market intelligence platform provider CB Insights, the use of the word 'blockchain' in executive earnings calls has dipped significantly in 2019. But don't expect it to be a terminal diagnosis.

The CB Insights figures, as reported by Crowdfund Insider, found a similar decline for the term 'cryptocurrency' and its associated brethren. At the beginning of 2018, executive mentions of blockchain topped 250 in the quarter, whereas the figure slips to...

Bitfury unveils enterprise-grade Exonum platform

Bitfury Group has announced the launch of Exonum Enterprise, a full-service blockchain division building on Bitfury’s Exonum blockchain framework.

With the launch of this “blockchain as a service” offering, governments and companies will easily be able to design as well as launch private blockchain projects. Exonum Enterprise platform has also introduced a number of latest features to benefit clients. The features include Bitfury DevOps support, a full-service dashboard...

Binance acquires Chinese blockchain data startup DappReview

Binance has announced that it has acquired DappReview, a blockchain data startup based in Beijing.

DappReview also offers data-driven research and advertising services blockchain-based decentralised applications (Dapps).

As reported by Coindesk, in an interview, Viktor Radchenko, founder at Binance's Trust Wallet said: “The acquisition of Beijing-based DappReview will help the world's leading exchange by volume to further develop its existing dapps and create new...

Horizon secures $5 million in series A funding for blockchain as a service mission

Horizon, a New York-based blockchain as a service (BaaS) solutions provider, has announced a $5 million (£3.85m) series A funding round in order to further enhance and boost the operations of its proprietary technology.

The company offers full-stack digital securities issuance, compliance, and secondary trading technology which it markets to licensed, regulated financial institutions globally. According to the company, this series A round will support the growth of Horizon’s...

Cisco and IBM win new blockchain patents around 5G networks and package theft

Cisco has won a new patent detailing how the company could leverage blockchain to secure data in 5G telecommunication networks.

As per a November 26 filing from the US Patent and Trademark Office (USPTO), Cisco submitted a patent application in June 2018 for a blockchain platform that can be natively integrated in wireless networks. “This service-oriented architecture supports network slices, which employ an isolated set of programmable resources that can implement individual...

NatWest and Coadjute form blockchain consortium to streamline home buying in UK

NatWest, alongside Coadjute, is forming a new distributed ledger technology consortium with the aim of streamlining the process of home buying in the UK.

As first reported by Forbes, through this consortium the home buying process could aim to be cut down to three weeks from several months. Some of the other software providers which are also part of the consortium are Redbrick Solutions Conveyancing Software, Search Acumen Property Data, Dezrez Estate Agency Software, Conveyancing...

Buterin and Cohen Twitter feud: Exploring blockchain scalability, sharding, and payment channel networks

Vitalik Buterin, the founder of Ethereum, argued in a recent blog post that the scalability problem in blockchain was being tackled ‘great’ in theory amid a need for more real-world testing. Yet many industry figures did not agree.

Bram Cohen, founder of BitTorrent, called Buterin’s opinions ‘wrong-headed’, while Blockstream CEO Adam Back noted that the Ethereum founder’s words of wisdom were ‘like looking to [Theranos founder] Elizabeth Holmes for the state of...