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Swift Payments CEO Doesn’t See Block Chain Replacing Current ‘Efficient’ Banking Systems

By on Friday, October 16th, 2015 | No Comments

While Swift CEO Gottfried Leibbrandt acknowledges that block chain technology is here to stay, he believes some of the current fintech being spoken about is “hype” and notes that blockchains in the private sphere are more substantial than it getting to replace existing commercial banking systems. Speaking to the Financial Times, international payments network Swift […]

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Nine Major Banks Partner on Block Chain Initiative

By on Tuesday, September 15th, 2015 | No Comments

Nine of the largest investment banks have partnered with a block chain startup to integrate the block chain into financial services. Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS all formed a partnership with a block chain oriented firm to create industry standards for using block […]

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Bitcoin Block Chain Forking

By on Saturday, July 4th, 2015 | No Comments

The BIP66 update was meant to align miners on stricter cryptographic signatures through a form of block chain Democracy. As part of the BIP rules, once 950 of the past 1,000 blocks upgraded to the newer version all miners would older version blocks. This morning the network met that goal and a small, non-upgraded miner […]

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