2019-2-19 01:20 |
An official from the Bank of Spain believes that Bitcoin is unable to solve the problems of traditional payments systems
origin »
|
LevelField Financial is set to acquire Burling Bank in a move that would enable access to bitcoin for traditional banking customers.
2023-2-2 22:28 | |
|
|
An official from the Bank of Spain believes that Bitcoin is unable to solve the problems of traditional payments systems
2019-2-19 01:20 | |
|
|
Spain’s second-largest bank, BBVA, has aggressively frozen up to 5,000 accounts without warning. Many of the accounts belonged to Chinese clients, leading to cries of racism. The bank, however, claims it was acting on Spanish anti-money laundering rules.
2019-2-18 16:56 | |
|
|
At Mt Pelerin, we believe that an evolution of banking is long overdue. With the global enthusiasm for FinTech and the ever growing success of blockchain technologies, we now have all the right tools to make this evolution happen.
2019-2-17 16:47 | |
|
|
In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas.
2019-2-15 20:14 | |
|
|
AmaZix is the latest blockchain consultancy firm to announce a partnership. The partnership was announced on February 4th, 2019 with Bank Frick in Liechtenstein who has been building an expert reputation for providing cutting-edge blockchain banking services.
2019-2-6 02:09 | |
|
|
Davos may be an event centered around the realm of traditional finance, but crypto & blockchain technologies have been mentioned. In a recent interview with Bloomberg TV, Huw Van Steenis, senior advisor to Bank of England’s governor, Mark Carney, bashed this nascent asset class.
2019-1-23 05:00 | |
|
|
Huw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019.
2019-1-23 22:00 | |
|
|
CoinSpeaker Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials According to Huw van Steenis, senior adviser to Bank of England Governor Mark Carney, cryptos have no value and fail fundamental tests of financial services.
2019-1-22 12:33 | |
|
|
The former governor of the Banque de France (Central Bank of France), Christian Noyer, has surprised some of his most traditional colleagues by becoming a member of the board of directors of a company called SETL< which is a blockchain startup.
2019-1-19 01:50 | |
|
|
Mike Novogratz’s diversified crypto merchant bank Galaxy Digital announced on Jan. 10 via a blog post that it has started offering Over-the-counter (OTC) trading of Zcash – a privacy cryptocurrency with a hard cap of 21 million coins just like Bitcoin.
2019-1-11 14:59 | |
|
|
The American financial industry regulatory authority, FINRA, has fined wall Street bank Morgan Stanley for violating anti-money laundering (AML) rules over a period of five years, reported Finance Magnates on December 26, 2018.
2018-12-29 15:00 | |
|
|
Traditional banks often affirm that the crypto market is often used for money laundering and that it should be banned or sanctioned because of this. However, there are days in which the anti-bank rhetoric of the banks can be somewhat ironic.
2018-12-28 11:18 | |
|
|
Latest Ripple News Aside from government regulators, companies are monitoring the space. Crypto as a Bank of International Settlement representative said is an “evil spawn of a crisis”. By design, coins are meant to supplement and even replace traditional government-issued currencies.
2018-12-22 18:00 | |
|
|
A cryptocurrency user “ammonitions”, has sparked up an intense conversation amongst fellow cryptocurrency users via the Reddit chat app, after revealing his experience with a traditional bank. The user whose post was titled “you need permission to use your own money”, expressed his frustrations over his inability to make a withdrawal that was slightly over […] The post “My money isn’t really mine, this is why the world needs BTC” Crypto user exposes Bank of America after he got locked out of his bank Account appeared first on ZyCrypto.
2018-12-21 19:28 | |
|
|
Crypto legend, and Bitcoin permabull, and venture capitalist Tim Draper is now holding programs to help entrepreneurs build crypto startups at the Draper University. It’s long been debatable whether it’s worth earning a traditional college degree or not.
2018-12-20 04:00 | |
|
|
Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.
2018-12-18 02:32 | |
|
|
The cryptocurrency scene has been troubled for a while, and the downward trend of the market has left many investors worried about what’s to come. However, there are some predictions from GP Bullhound and Saxo Bank that may change their minds.
2018-12-17 08:19 | |
|
|
Part of Ripple’s appeal is their ability to perform cross-border transactions with such fast processing times. Predominantly, their technology has been used for their own company, but it looks like traditional banks are looking to employ it as well.
2018-12-16 19:12 | |
|
|
On Thursday, Dec. 13, digital payments platform Revolut announced that the company has been approved for a banking license in Europe by the region’s central bank. According to Revolut, the license will help it provide better access to digital currencies and also offer traditional banking services.
2018-12-14 23:35 | |
|
|
German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
2018-12-13 22:32 | |
|
|
A common narrative in today’s financial world is that crypto holders are often unable to execute trades without paying large amounts of commissions and fees.
2018-12-12 21:00 | |
|
|
BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.
2018-12-8 21:38 | |
|
|
The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
|
|
For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.
2018-12-3 19:20 | |
|
|
Jared Rice Sr. , CEO of the Dallas-based bank AriseBank, was arrested by the Federal Bureau of Investigation (FBI) on Wednesday, November 28, 2018, and charged with six counts of securities fraud and wire fraud.
2018-11-30 23:03 | |
|
|
Speaking at the ongoing CoinDesk's Consensus Invest conference in New York, U. S. Securities and Exchange Commission (SEC) Chairman Jay Clayton spoke on why his agency hasn’t yet approved a bitcoin exchange traded fund (ETF).
2018-11-29 21:56 | |
|
|
Silvergate Bank, based out of La Jolla, CA, is preparing to go public with a price target of $50 million, according to the documents filed and submitted to the securities regulators. It would be listed in the New York Stock Exchange (NYSE) under the ticker “SI”.
2018-11-23 02:00 | |
|
|
HubrisOne, is a cryptocurrency wallet and traditional fiat bank account combined into a powerful, intelligent, regulated and compliant mobile application. We are focused on merging the benefits of these two powerful industries, seamlessly.
2018-11-20 12:33 | |
|
|
In 2017, the Central Bank of Nigeria (CBN) placed a ban on traditional banking systems to halt transactions in Bitcoin and other virtual currencies saying that the “Central bank cannot control or regulate Bitcoin”.
2018-11-17 19:04 | |
|
|
Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.
2018-11-17 01:42 | |
|
|
U. K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015.
2018-11-13 19:30 | |
|
|
As cryptocurrency outgrows its infancy, exchanges are on the race to dominate in as many countries as possible. Binance, the world’s largest cryptocurrency exchange according to data by coinmarketcap is currently taking the front row in its quest to establish cryptocurrency trading in Africa as it remarkably creates room for the 70% of Uganda’s population […] The post Report : Before Binance’s Arrival, 70% of Ugandans had no Traditional Bank Accounts appeared first on ZyCrypto.
2018-11-3 23:20 | |
|
|
ASB claims the transaction was the first New Zealand export deal settled on blockchain although the technology was utilized in conjunction with a traditional system.
2018-11-2 14:23 | |
|
|
Due to the Bitcoin market’s remarkable growth over the last 10 years, it is now possible to buy Bitcoin in a number of different ways. Some of the most popular ways to do this are with a traditional debit/credit card or bank account on a cryptocurrency exchange.
2018-11-2 19:45 | |
|
|
J. P. Morgan’s Quorum blockchain, an enterprise-grade DLT solution built on Ethereum, is being deployed for tokenizing traditional assets to test the robustness of blockchain technology, reported Financial Review on Oct.
2018-10-31 22:00 | |
|
|
A commercial bank in the Czech Republic is now offering online services that combine traditional financial features with those for cryptocurrency users. Expobank CZ says its customers will be able to trade cryptocurrencies, invest in startups, and buy precious metals through their accounts.
2018-10-27 12:15 | |
|
|
CGI, Group Inc. , a renowned IT, and business consulting firm, announced on October 21 a collaboration with the National Bank of Canada and Skuchain, a blockchain technology company aimed at optimizing the supply chain, in a pilot program to streamline and improve the process for negotiation standby letters of credit and guarantees.
2018-10-23 15:59 | |
|
|
Cryptocurrency, Investing–Cryptocurrency has long been under attack for a number common faults found with the industry. Many economists, including Nobel Prize winning academics, focus on the viability of crypto as a source of money as an alternative to traditional fiat.
2018-10-19 03:34 | |
|
|
Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.
2018-10-16 16:07 | |
|
|
The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure.
2018-10-14 02:50 | |
|
|
The use of digital currency in payments for goods and services has hit various hurdles as was seen with LitePay closing as did FuzeX recently delaying the launch of their highly anticipated debit cards.
2018-10-12 23:00 | |
|
|
It only takes a few minutes for Bitcoin to lose $200 and that’s exactly was happened today. Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.
2018-10-11 17:30 | |
|
|
Singapore’s financial regulator has revealed it will help local cryptocurrency firms set up traditional bank accounts, to help boost the country’s fintech economy. “What we are trying to do is to bring the banks and cryptocurrency fintech startups together to see if there is some understanding they can reach,” Monetary Authority of Singapore managing director Ravi Menon told Bloomberg.
2018-10-11 13:52 | |
|
|
Digital currency businesses have seen several difficulties in securing banking services in the UK and now they have a new option. LBX has launched a new service which offers access to an account where customers can store, manage and transfer both their traditional currency and their holding of digital currency.
2018-10-11 13:30 | |
|
|
The crypto world seems to be on a different planet to the regular banking world. The companies behind the various digital currencies and their products are almost out of a futuristic science fiction movie.
2018-10-11 13:00 | |
|
|
The Santander Bank chain has recently announced the expansion of its Ripple powered platform, OnePay FX for other European countries. Santander also intends to use Ripple ledger for all its payment settlements for the future.
2018-10-10 17:30 | |
|
|
The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.
2018-10-10 23:38 | |
|
|
The latest crypto investment fund on the block is Dragonfly Ventures, a $100 million traditional venture fund investing only in crypto assets, managed by partners Alexander Pack from Bain Capital Ventures and Bo Feng, founding partner of Ceyuan Ventures.
2018-10-9 15:30 | |
|
|
After first setting its 2023 year-end BTC price target at $45,000 in early 2023, Matrixport has reiterated its bold Bitcoin prediction.
Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.
BlackRock's application for a spot Bitcoin ETF has kicked off the next Bitcoin bull run, which will culminate in 2024 with a speculative parabolic run, according to Morgan Creek Capital’s Mark Yusko.
As the total crypto market cap plunged from the $1.13 trillion mark, some digital currencies have dropped along with it over the past month. Here are the top five losers on the month, according to data provided by CoinMarketCap (CMC).…
The cryptocurrency market has taken a hit in the past 24 hours, as the global market cap has dropped by an estimated 4.5%, down to $1.02 trillion. Major digital currencies, Bitcoin (BTC) and Ethereum (ETH), both experienced a pullback, with…
A survey by JPMorgan revealed that a massive 72% of institutional traders are skeptical about crypto. They have “no plans” to invest in digital currencies this year. The survey is the seventh edition of the JP Morgan research arm series.…
The U.S. Federal Reserve (Fed) chair Jerome Powell announced yet another rate hike to bring inflation down to the 2% mark. This is the eighth consecutive time in less than a year that the Fed has increased the interest rates.…