2019-12-9 10:36 |
The People's Bank of China (PBoC) is collaborating with Huawei, commercial banks as well as major telecommunications operators to roll out its digital currency
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In a surprising turn of events, major banks have been observed making significant investments in MicroStrategy (MSTR), a company renowned for its substantial Bitcoin holdings. This trend, which emerged in the first quarter of 2023, has sparked intrigue and speculation within the cryptocurrency community.
2023-6-15 22:30 | |
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The Bank of Japan will roll out a pilot program for its central bank digital currency project to three major Japanese banks in spring 2023. The post Digital Yen CBDC Trial Set to Rollout With Major Banks in 2023 appeared first on BeInCrypto.
2022-11-24 21:45 | |
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Financial and crypto markets continue to quake as the coronavirus outbreak news worsens. Major US banks have taken steps to prevent stock buybacks that return capital to shareholders. According to reports, a group of major US banks including JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Wells Fargo, Goldman Sachs and two others have suspended […] The post Major Banks Suspend Stock Buybacks as Interest Rates Fall to Zero appeared first on BeInCrypto.
2020-3-17 22:20 | |
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People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground with the aid of major Chinese companies and banks.
2019-12-9 12:16 | |
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Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more.
2019-12-4 15:30 | |
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Three major banks carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform
2019-12-4 17:45 | |
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Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry.
2019-12-3 16:40 | |
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The perceived inevitability of central bank-issued digital currencies on a global scale has been a hot topic of discussion for a while now. With China reportedly going ever so close to releasing the world’s first nationalized digital currency, central banks in most major economies are under immense pressure to follow suit — or at least […] The post Central Bank Cryptocurrencies Are Pointless, Says Ex-Federal Reserve Chairman appeared first on BeInCrypto.
2019-11-14 11:44 | |
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A major Chinese daily has published an article about Bitcoin. The publication describes the first cryptocurrency as a successful application of the blockchain technology. It provides its readers with the basics they need to know about Bitcoin and highlights some of its main characteristics.
2019-11-12 02:30 | |
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Gold price dropped by 4% as U. S. stock market hit record highs. Major U. S. banks including JPMorgan and Citibank closed positions on gold for more risky alternatives. Nobel laureate says geopolitical risks are over-estimated, making the environment better for stock market over gold.
2019-11-10 14:13 | |
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The Hong Kong Monetary Authority and several major banks facilitated the development of a proof-of-concept (PoC) for the creation of a multi-bank blockchain consortium which aims to improve global trade through enhanced collaboration among shippers, banks, terminal operators, and ocean carriers.
2019-11-7 22:00 | |
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China may have the early mover’s advantage in the race to launch the first national digital currency, but it seems other major global players are in no mood to be left far behind. The Association of German Banks (Bankenverband) released a paper yesterday explicitly stating that the Eurozone economy will benefit from a ‘programmable digital […] The post 200+ German Banks Unite to Propose a Pan-Continental Digital Euro appeared first on BeInCrypto.
2019-11-1 18:09 | |
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There is a high chance that a Central Bank Digital Currency (CBDC) will be released before five years are over. A new research conducted by IBM in conjunction with OMFIF (an institute that supports central banks) shows that policy makers from various major central banks in the world are seriously considering to develop a CBDC, […]
2019-10-31 01:53 | |
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South Korea’s major local bank invested in the country’s earliest bitcoin exchanges, Coinplug. As per information, Coinplug has raised 7. 5 billion Won from KB Investment, a venture arm of KB Financial Group.
2019-10-25 19:08 | |
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South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.
2019-10-25 09:00 | |
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Institutions including the Shinhan and NH Nonghyup banks have joined a blockchain identity initiative aimed to securely share personal data.
2019-10-21 12:15 | |
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A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks.
2019-10-20 10:30 | |
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Central Bank Digital Currencies or CBDCs have been a hotly debated topic over the past few months. After Bank of China announced that its issued central currency was ready for launch, major financial institutions around the world have started discussing the issuance of their own virtual assets.
2019-10-19 21:30 | |
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The Commonwealth Bank, one of the “big four” Australian banks, has suffered a major outage that has left its more than eight million customers affected. Meanwhile, it is urging customers to be vigilant for scams.
2019-10-17 18:16 | |
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A Singaporean banking branch of CIMB Group, one of the largest Asian investment banks, has completed its first blockchain-based trade financing transaction
2019-10-18 16:30 | |
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Recession worries seem to be at an all-time high. A barrage of media reports from major financial news outlets like CNBC, Bloomberg, and The Wall Street Journal have filled recent months with fear, uncertainty, and doubt (FUD).
2019-10-13 00:08 | |
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One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low.
2019-10-9 10:40 | |
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Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market.
2019-10-9 22:40 | |
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Cryptocurrency adoption has seen a significant boost in 2019, where major financial institutions like Wells Fargo, JP Morgan, and ING have either tested their stablecoin or are pondering over launching one.
2019-10-6 00:16 | |
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Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […]
2019-10-1 22:09 | |
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Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
2019-10-1 16:45 | |
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Libra has been a wake-up call for banks to consider major issues in global payment systems, an ECB board member says
2019-9-26 21:18 | |
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Banco Santander, MUFG’s VC arms led a $14 million funding round for Coinbase-backed Securitize
2019-9-25 18:53 | |
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China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.
2019-9-23 15:20 | |
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Five major banks in South Korea have joined the Interbank Information Network (IIN) — JPMorgan’s blockchain payments project. This news further increases the Asian presence in the IIN initiative.
2019-9-23 13:00 | |
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According to a Crowdfund Insider report published on September 8, 2019, major Pakistani bank, Faysal Bank Limited (FBL) has partnered with fintech firm, Ripple Inc. to launch a blockchain-powered digital payments solution.
2019-9-9 11:00 | |
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The steady growth of the cryptocurrency market has caught the attention of a lot of major tech giants, including the likes of Facebook, JP Morgan and now, Telegram. Out of these, Facebook’s Libra remains the most talked-about project, not only owing to its huge user base, but also due to the several hearings which have […] The post Libra’s dependence on governments, central banks is its biggest weakness, claims eToro CEO appeared first on AMBCrypto.
2019-9-4 17:30 | |
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Major economic oppression and manipulation by governments and central banks is what drove a band of cypherpunks to create Bitcoin a decade ago. That financial storm is worsening which has generated an even greater need for a decentralized form of money.
2019-8-30 13:00 | |
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One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […] The post Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached appeared first on Bitcoin News.
2019-8-28 23:00 | |
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The biggest known biometric data breach to date was reported recently when researchers managed to access a 23-gigabyte database of more than 27. 8m records including fingerprint and facial recognition data.
2019-8-25 12:00 | |
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Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money.
2019-8-22 16:15 | |
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One of the major banks in South-East Asia has officially dubbed Ripple the cheapest way for making international payments
2019-8-22 11:14 | |
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Bitcoin could possible gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble. ” China Bailouts: 3 Banks, $390 Billion Taking statistics from various sources, the Twitter cryptocurrency trader and commentator known as CryptoArbitrage noted that last week’s bailout of Heng Feng bank was the third involving assets over $200 billion.
2019-8-15 15:34 | |
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Bantotal, a banking service based in Uruguay with over 60 banking clients, has recently started a partnership with Bitex, a crypto exchange. With this partnership, the bank will help banking institutions to make cross-border payments using the Bitcoin network.
2019-8-13 23:04 | |
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Ripple, a blockchain company, has been advocating the use of cryptocurrency for cross border payments. Specifically, its native cryptocurrency – the XRP and its xRapid technology have been adopted by banks, governments, institutions, among others globally.
2019-8-7 10:52 | |
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We went undercover to try and open accounts at four of the largest U. S. banks, telling them ahead of time that we would use the account to buy and sell Bitcoin on Coinbase. The verdict is in—personal accounts are at risk of being closed, and accounts for cryptocurrency-related businesses are outright prohibited.
2019-7-24 21:58 | |
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The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else go up.
2019-7-24 17:50 | |
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Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network.
2019-7-16 15:45 | |
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A group of tech companies, telecoms, and major South Korean banks, led by Samsung, are launching a blockchain-powered digital identity platform to resolve a few critical vulnerabilities found in current online certificates used for sharing personal data, as per a press release.
2019-7-15 15:00 | |
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The world of cryptocurrencies has been working towards mainstream adoption for a long time now. However, rejection by major financial institutions has always been a problem. Institutions like banks have tried to use cryptocurrencies’ underlying technology, blockchain.
2019-7-13 15:30 | |
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Latin American bank BTG Pactual and asset manager Dalma Capital announced that they will be using the Tezos blockchain to launch security token offerings (STOs). The banks said the deal will be worth well over $1 billion when all existing and prospective token issuances are completed.
2019-7-6 04:59 | |
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One of South Korea’s biggest banks is reportedly planning to intensify regulations on accounts linked to crypto exchanges
2019-7-3 15:29 | |
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By CCN Markets: The bitcoin price has reached $11,200 at its peak earlier this month on major exchanges including Bitstamp and Coinbase following a large spike in volume and overall interest. According to reports, bitcoin is trading higher in India and Iran with premiums ranging from 5 to 30 percent, two regions that have practically restricted bitcoin trading.
2019-6-24 13:05 | |
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Max Keiser spoke about macroeconomics and global politics, warning about the impending economic recession and its effects on Gold and Bitcoin, in a recent edition of the Kaiser report. Max Keiser said that Deutsche Bank would be the most likely of the major banks to go bankrupt and will require a bailout, just like the […] The post Bitcoin and gold’s price will rise following the impending global financial crisis, says Max Keiser appeared first on AMBCrypto.
2019-6-21 23:30 | |
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