Forex exchange (FX) settlement giant CLS is in the final stages of testing its blockchain payment service for banks, Financial News reported July 27. The service is reportedly set to be launched later this summer, with at least seven banks expected to sign on to the system in the early months. CLS, the New York-based global multi-currency cash settlement system, has been working with […]

Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13. Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source. Point72 Asset Management, whose most recent portfolio value is almost $24 billion, is headed […]

XRP Ripple has been tipped as the “dark horse of 2018” with its value set to soar if the firm signs more deals with major financial companies, despite being embroiled in a bitter court case and having to overcome progress in regulation laws. The cryptocurrency is the only one in the top-five to have had […]