America’s second largest banking institution searches for a “treasury product manager” specifically working with Ripple’s technology. The United States’ second largest bank appears to have hired a specialist for an implementation of blockchain-based payment network Ripple. Bank seeks Ripple team lead According to a job description on professional social network LinkedIn, as of Oct. 10,…
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Over 200 financial institutions on RippleNet will have access to Finastra’s network of banks, allowing customers to partner with each other. United Kingdom-based financial software firm Finastra has partnered with Ripple to join RippleNet, a global blockchain payments network with over 200 members. Faster integration with partners As officially announced by Ripple on Oct. 9,…
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The Swiss National Bank and SIX Group to jointly research digital central bank money within a project of the BIS Innovation Hub Centre. The Swiss National Bank (SNB) and Bank for International Settlements (BIS) have signed an agreement to cooperate on the BIS Innovation Hub Centre in Switzerland. Two major projects According to an official…
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With the opening of Korean HQ in Seoul, Cointelegraph looks deeper into local regulatory landscape… South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. Meanwhile,…
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China Merchants Bank International is partnering with Nervos Network to jointly develop new decentralized finance applications. China Merchants Bank International (CMBI) is partnering with Nervos Network — a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation. A press release published on Oct. 3 revealed that the new partnership will…
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U.S.-based crypto exchange Coinbase reinstates GBP transfers for its United Kingdom customers. United States-based crypto exchange Coinbase has reinstated GBP transfers for its United Kingdom customers, according to an official announcement on Oct. 3. Coinbase has also added full support for five new crypto assets — Basic Attention Token (BAT), 0x (ZRX), Augur (REP), Stellar…
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Investor giant Vanguard is testing a blockchain-powered platform that allows asset managers to trade currencies while avoiding the big investment banks.
The Vanguard Group is testing a blockchain-powered platform that will allow asset managers to trade currencies while avoiding the big investment banks.
On Oct. 3, Bloomberg reported that the United States-registered investment advisor group, Vanguard, is going after a piece of the global currency market that handles $6 trillion each day and is dominated by firms such as JPMorgan Chase and Deutsche Bank AG.
A source familiar with the matter said that the newly tested blockchain platform has been operational for over two months while handling several trades already.
By entering the global currency market, Vanguard could unsettle some of the major investment banks that have ruled the sector for decades.
Campbell Adams, a former senior currency trader at Deutsche Bank, believes this could happen if enough users join Vanguard’s platform. He said:
“In theory, it sounds great because you can reduce your costs if you can match directly with someone else who has a countervailing interest. Yet it will require a critical mass of users.”
Vanguard, which has over $5 trillion in assets under management, is “currently piloting a project focused on improving the efficiency and reducing the risk of FX hedging,” a spokeswoman for the investment group said, without going into further details.
Cointelegraph previously reported on Sept. 20 that OCBCbecame the first Singapore-based bank to join JPMorgan Chase’s blockchain network and is now one of the 134 banks from the Asia-Pacific region that are participants in the Interbank Information Network (IIN).
Germany’s largest bank, Deutsche Bank, joined IIN in the beginning of September. JPMorgan said it is targeting 400 agreements with banks by the end of 2019, hinting that more leading banks are set to join the network in the near future.
Major Slovakia-based antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto.
Major Slovakia-based antivirus software provider ESET has discovered a banking trojan that can steal cryptocurrencies and is especially widespread in Latin America.
Known as “Casbaneiro” or “Metamorfo,” the newly found malware family targets banks and cryptocurrency services located in Brazil and Mexico, ESET’s editorial arm WeLiveSecurity reports Oct. 3.
According to the report, Casbaneiro uses a social engineering execution method, which displays fake pop-up windows misleading potential victims to enter sensitive information. The capabilities of the malware are typical of Latin American banking trojans that can take screenshots and send them to command and control server, simulate keyboard actions and capture keystrokes as well as restrict access to websites and download and execute other tools, the report notes.
Alongside banks, one of the major targets of Casbaneiro is cryptocurrency wallets. According to ESET, Casbaneiro is capable of monitoring the content of the clipboard and replacing the crypto wallets victims have copied with addresses belonging to the attacker.
As noted in the report, ESET has become aware of only one attacker’s wallet at the time of publication. Reportedly hardcoded in the binary code, the reported wallet has around 1.2 Bitcoin (BTC), worth $9,812 at press time with a total number of transactions amounting to 71, according to Blockchain.com.
Additionally, the newly discovered malware uses multiple cryptographic algorithms, with each one intending to protect a different type of data, the report says.
On Sept. 26, Amerian Internet infrastructure firm Juniper Networks warned users of a new spyware called Masad Clipper and Stealer, which reportedly uses the Telegram app to replace crypto addresses with its own.
European Central Bank key legal official Yves Mersch said that Facebook’s Libra stablecoin is “beguiling but treacherous.” Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published…
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This week from Cointelegraph auf Deutsch: German authorities’ opinion on Facebook’s Libra and Swiss crypto banks getting FINMA licenses. The German-speaking world continues to keep up a fast pace in regard to cryptocurrencies and blockchain implementation. Among other stories during the past week: the Cabinet of Germany and Deutsche Bundesbank are working closely on issues…
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