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TECH

Microsoft launches cloud-based blockchain platform with Brooklyn start-up

Microsoft launched a cloud-based blockchain platform with Brooklyn-based start-up ConsensYs, which will allow financial institutions to experiment cheaply and easily with the technology underpinning bitcoin.

TECH

Biting back: bitcoin heads for best month in one and half years

Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world.

Business

Card payments boom across the world

LONDON: Payments made with debit and credit cards and other non-cash methods jumped 9% last year to 390 billion transactions, according to a study published on Tuesday.

Banking

CIMB chooses 4 winners from InnoChallenge

KUALA LUMPUR: CIMB Bank Bhd , in its own effort and in collaboration with Multimedia Development Corporation (MDeC), has selected four winners from the pilot InnoChallenge, to further propel CIMB Bank in its course of revolutionising digital and mobile banking/financial solutions in the Asean region.

TECH

Bitcoin startups lure quant whizzes from Wall Street

Armed with a doctorate in financial engineering, 34-year-old Timo Schlaefer was on his way to a promising career at Goldman Sachs in London.

TECH

Betting on blockchain: firms seek fortune in bitcoin's plumbing

A year ago, bitcoin was widely dismissed as little more than a way for drug-dealers and terrorists to move money around anonymously. Now, some of the world's biggest banks and companies are buying into the technology behind it.

TECH

Goldman Sachs asks shareholders to 'like' tech push in San Francisco

In Goldman Sachs Group Inc's latest move to bolster its street cred as a cool, tech-savvy bank, it is holding its annual shareholder meeting in San Francisco on May 21.

TECH

Honduras to build land title registry using bitcoin technology

Honduras, one of the poorest countries in the Americas, has agreed to use a Texas-based company to build a permanent and secure land title record system using the underlying technology behind bitcoin, a company official said.

TECH

IBM looking at adopting bitcoin technology for major currencies

International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.

TECH

Tip jar goes digital with Bitcoin startup

Amid the roiling sea of gadgetry at the Consumer Electronics Show was a contingent of Bitcoin startups intent on bringing the controversial digital currency mainstream.