05 Apr '15, 10pm

BNY Mellon Explores Bitcoin's Potential - Wall Street Journal (blog)

JERSEY CITY, N.J. — Bank of New York Mellon Corp. is experimenting with bitcoin, the disruptive digital currency, which it views as a potential new way to conduct financial transactions. But the bank is still working through the challenges of using the open source technology, whose decentralized architecture differs from the traditional computer systems businesses run today. “We want to try it out to see the applicability of [Bitcoin] in our businesses,” CIO Suresh Kumar, told CIO Journal in a meeting at the bank’s innovation center here Wednesday. Some economists warn that crypotcurrencies — there are dozens of them — are risky because they lack backing from a central authority , such as a bank. Despite the potential risk to their businesses, banks are intrigued by bitcoin’s underlying blockchain technology, an online ledger that records all of the bitcoins that have been...

Full article: http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-b...

Tweets

Wall Street Bank BNY Mellon Experimenting With ...

coindesk.com 06 Apr '15, 5pm

Developers for Bank of New York Mellon Corp have been experimenting with bitcoin for use as part of the bank’s newly creat...

Bitcoin

wsj.com 05 Apr '15, 6pm

Some of the U.S.’s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving...

Wall street is quickly moving in on #bitcoin #crypto #cryptocurrency

Wall street is quickly moving in on #bitcoin #c...

bitcoinist.net 04 Apr '15, 6am

Bitcoin on Wall street has been the subject of many headlines in 2015 thus far. As bitcoin makes headway in the financial ...

This executive left Nike to work for a bitcoin ...

fortune.com 06 Apr '15, 5pm

When Anthony Watson left his job at Nike in December, it captured a lot of headlines. Not only was a rising star executive...

Viva Bitcoin! Bitcoin’s Popularity Surging In M...

maxkeiser.com 04 Apr '15, 6pm

Bitcoin, the new decentralized digital currency making waves throughout finance, has been a hit even in Mexico. Bitcoin ha...

Wall Street Veteran, Former Nike CIO Join Bitcoin Startups:

Wall Street Veteran, Former Nike CIO Join Bitco...

cointelegraph.com 07 Apr '15, 11am

Factom , an open source platform providing a data layer for the Bitcoin blockchain, has hired former Morgan Stanley invest...

Big Investors Could Aid Bitcoin: Some of the U....

wsj.com 05 Apr '15, 8pm

Some of the U.S.’s biggest proprietary traders and investors are testing the waters for a bigger move into bitcoin, giving...

In California, new seismic evidence now points ...

inhabitat.com 06 Apr '15, 1pm

As if California needed more bad news – amidst a drought of unprecedented proportions , new research has revealed the stat...

Wall Street Investment Firms Can’t Resist Bitcoin

Wall Street Investment Firms Can’t Resist Bitcoin

cryptocoinsnews.com 08 Apr '15, 9am

I keep hearing people talk about regulations, but what exactly are they desiring? Why regulate it? Sounds more like they a...