This week’s summary of various cryptocurrency news and developments:
Two major banks leave R3 Blockchain Consortium
This week, Goldman Sachs and major Spanish banking giant Banco Santander left the R3 Blockchain Consortium, without offering any clear motives to do so. According to CoinDesk, this may mean these banks want to pursue blockchain project development on their own, bypassing a current $150m funding round the consortium is currently soliciting from its members. Speaking to the Wall Street Journal, an R3 spokesman said: “Developing technology like this requires dedication and significant resources, and our diverse pool of members all have different capacities and capabilities which naturally change over time.”
Reportedly, JP Morgan is also out of the funding round, but intends to continue to be a part of the R3 Blockchain Consortium. The Wall Street journal recently pointed out Morgan Stanley and National Australia bank may be leaving as well.
Bitcoin wallet provider Blockchain has reached its 10 millionth wallet
A few weeks ago, Blockchain CEO made it public that after Donald Trump’s victory in the US elections the company was having its best month so far. Now, it has reached its 10 millionth wallet, and keeps on growing. According to him,