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Cryptocurrency exchange Coinbase CEO Brian Armstrong said in an August 14 interview with Bloomberg that it was signing up 50,000 users per day in 2017. Speaking at the Bloomberg Players Technology Summit in San Francisco on Tuesday, Armstrong said that the “technology [ Bitcoin ] is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau.” He added that “people’s expectations are all over the map, but real-world adoption has been going up,” stating that he sees “real world adoption pretty steadily increasing each year.” When asked about his expectations for Initial Coin Offerings (ICOs), Armstrong said that ICOs are “an important innovation in the world” as they provide an opportunity for people around the world to raise funds for new ventures without relying on personal networks of angel investors.  “It’s a huge breakthrough,” he said. While there are legal questions to consider, Armstrong said that he expects the ICO trend to...

In what is being called a world first, the World Bank has ordered the creation of a blockchain-based bond through Australia’s Commonwealth Bank (CBA). It marks a very clear move by some of the world’s most influential financial institutions to start leveraging blockchain technology to improve their offerings. CBA has already developed the blockchain-based system, using a private Ethereum blockchain. The Blockchain Offered New Debt Instrument (bond-i) will be issued by the World Bank in Washington. The project has been spearheaded by the World Bank, which is looking to use blockchain technology to improve the way it issues bonds around the world. Today we make history by creating the first global blockchain bond. The World Bank has mandated the Commonwealth Bank of Australia as the sole arranger for bond-i, the first global bond to use distributed ledger technology. Learn more: https://t.co/tieQoQ9uLe #blockchain #bond pic.twitter.com/LhEu4oKR37 — The World Bank Treasury (...

British investment bank Barclays is sponsoring a hackathon to find the best blockchain solution to increase the efficiency of derivatives contracts processing, according to an announcement published August 9. Barclays is partnering with other market majors like Deloitte , the International Swaps and Derivatives Association (ISDA) and Thomson Reuters for the event. At the two-day DerivHack hackathon, participants will be given an opportunity to implement their ideas and apply the ISDA Common Domain Model (CDM) to distributed ledger technology. The final goal of the event is to find solutions to use cases in post-trade processing of derivatives contracts. The ISDA CDM provides a standard digital representation of events and processes which may happen in the course of a derivatives trade, presented in a machine-readable format. The product is designed to enhance consistency and aid interoperability across firms and platforms. Per the announcement, Barclays will lay down challengi...