• DJ D-Sol, who also goes by the name of David Solomon, moonlights as CEO of Goldman Sachs (via instagram.com/djsolmusic).
    Cryptocurrencies,  Libra,  Technology

    Goldman Sachs CEO David Solomon says bank payments will be tokenized on a blockchain

    All major banks are looking at the potential of stablecoins

    The world’s banking payment system is going to be tokenized on a blockchain, according to the head of Goldman Sachs. In a discussion of Facebook’s new Libra cryptocurrency with the French news site Les Echo on June 28, Goldman Sachs CEO David Solomon said he finds the “principle interesting” and the fifth-largest American bank, does “extensive research on the concept of tokenization.”

  • Igor Pejic, author of "Blockchain Babel" (publicity photo).
    Technology

    In ‘Blockchain Babel,’ a warning for banks and FinTechs

    Igor Pejic’s new books sees blockchain bringing misunderstanding, opportunities, and looming threats to the financial sector

    If there’s one theory at the heart of Igor Pejic’s new book, “Blockchain Babel: The Crypto Craze and the Challenge to Business,” it is that when it comes to using blockchain technology to remake the banking business, neither the financial institutions looking to maintain their dominance nor the FinTech firms trying to topple them understand each other, or how much they need each other.

  • Wall Street
    Bitcoin,  Opinion

    Abra adds other features, but…

    App announced this week they will start letting customers make small stock and ETF purchases

    On Wednesday, Abra said its app will use the Bitcoin blockchain and smart contracts technologies to support fractional investments in stocks and exchange-traded funds (ETFs). Abra already offers the ability to “invest” in 50 fiat currencies and over 30 cryptocurrencies. This app is also very bad and we really love talking about it.