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Banking
Bitcoin in the Headlines: R3's Blockchain Dream Team
This week's headlines have mostly been about banks' love for blockchain, sparked by R3CEV's announcement that 13 new banks had joined its project.

SEB: Blockchain Could Make Banks 'Radically More Efficient'
SEB, a Stockholm-based financial services firm with 1.7bn SEK ($202m) in assets under management, discusses the potential of blockchain tech.

Dutch Bank’s Innovation Chief Dismisses Bitcoin
The head of innovation at ABN Amro has said the Dutch state-owned bank wants to stay away from bitcoin.

Chinese Auto Giant Wanxiang Plans $50 Million Blockchain Fund
Chinese conglomerate Wanxiang Group has announced it intends to invest $50m in blockchain technology to improve its product lines.

Citi, HSBC Partner With R3CEV As Blockchain Project Adds 13 Banks
Thirteen additional major investment banks including Citi, HSBC and Bank of America Chase have partnered with distributed ledger startup R3CEV.

Australian Bank Bitcoin Crackdown Could Fuel Startup Flight
A bitcoin business in Australia is eyeing banking opportunities abroad following a perceived crackdown from banks in the country.

Bank of America Files Patent for Cryptocurrency Wire Transfer System
The USPTO has published a patent filed by Bank of America that seeks to protect a system for wire transfers using cryptocurrency.

IPO and Insurance Projects Win £2,000 at Blockchain Hackathon
Two ideas aiming to disrupt IPOs and flight insurance came top at 'Hack The Block' this Sunday, bringing London FinTech Week to a close.

TechStars MD: Banks are Embracing the Inevitability of Bitcoin
With bitcoin, banks are now embracing what many already feel to be "inevitable", according to TechStars managing director Jenny Fielding.

JPMorgan CEO Cautious on Blockchain Tech Despite New Partnership
JPMorgan CEO Jamie Dimon issued new remarks on bitcoin and the blockchain as part of today's Barclays Global Financial Services Conference.
