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Stealth-mode crypto custody specialist Shard X has claimed a breakthrough, being the first company to successfully run math-heavy, multi-party computation (MPC) on hardware security modules (HSMs).So why does this alphabet soup of security tech matter? In summary, HSMs are a battle-tested way to store private keys, particularly popular in consumer products
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China Construction Bank has partnered with a Hong Kong-based fintech to issue the first-ever blockchain-based digital security issued by a Chinese financial institution.One of the "Big Four" banks in the People's Republic of China, CCB is ranked the second largest bank worldwide by total assets as of fall 2020.The megabank's
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What an October it was for Bitcoin. The number one cryptocurrency by market cap has seen a 30%
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U.S. banks are looking at ways to handle crypto adoption in the wake of the Office of the Comptroller of the Currency’s (OCC) July decision to allow banks to provide custody for cryptocurrencies, Acting Comptroller Brian Brooks said in a podcast. That may mean partnering with or purchasing custodians, he said. Source
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The Liink network was revamped with two crucial feature additions including the Confirm and the Format features.American multinational investment bank and financial services holding company JPMorgan Chase & Co (NYSE: JPM) is enticing banks and fintech companies particularly those within its network to come and build applications on its Liink
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“Think of it as the foundation of an enterprise mainnet.” That’s how Christine Moy, head of JPMorgan’s newly rebranded Liink banking network, described its aspirations towards decentralization in the realm of big business.The revamped Liink, which is based on a fork of Ethereum, is more of a “decentralized network,” said Moy,
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Multinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets.“When you have one bitcoin, it’s not a big problem, but when you start adding 10, 20 or 100, you have a treasury and you have to decide where to store
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Central bankers continued to evaluate the merits, or lack thereof, of a digital currency (CBDC), explaining that digital innovation has its benefits but policy considerations abound during a panel discussion hosted by the International Monetary Fund on Monday. The panel, featuring Federal Reserve Chairman Jerome Powell; Bank Negara Malaysia Governor Nor
Read MoreEditor’s noteBlockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties. However, many countries have determined that Bitcoin doesn’t behave as
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