‘Crypto’ for ‘Cryptography’: How Justified Is the Exuberance Around Apple’s Developer CryptoKit?

As Apple unveils its new cryptographic framework, experts weigh in on its relevance to the cryptocurrency industry. Yannick Sierra, security engineering and architecture manager for Apple, opened up the cryptography session at the 2019 Apple Worldwide Developers Conference and presented the CryptoKit with these words: Welcome to the bitcoin session! (Laughter in the room). Kidding […]

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Russia’s Largest Bank Confirms It Will Not Develop Crypto-Related Services

The CEO of the Russian state-owned bank considers bitcoin a “technical instrument for transactions,” rather than a type of investment. The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7. Herman Gref, Sberbank CEO and a former minister of […]

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Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain

Consultancy firm McKinsey & Co. has argued that blockchain is gaining slower traction with retail banks “Big Three” management consultancy firm McKinsey & Company has argued that blockchain technology is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment. The news was reported by Bloomberg on June 7. McKinsey […]

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