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Africa Dominates Trade Volume on P2P Bitcoin Exchange Paxful
Paxful Inc. , a peer-to-peer bitcoin exchange, is seeing significant growth in Africa. The U. S. -based company said Africans now accounted for the largest number of people buying and selling cryptocurrency on its platform, with average monthly transactions totaling $64. дальше »
2018-11-2 05:45 | |
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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services
Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience. дальше »
2018-10-31 17:17 | |
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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini
Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it. дальше »
2018-10-24 19:38 | |
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BlockFi Now Offers Litecoin and Gemini Stablecoin-Backed Loan Options
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. дальше »
2018-10-16 16:07 | |
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Bitcoin ETF Mover Is A Crucial Advantage
The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. дальше »
2018-10-12 12:00 | |
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Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments
The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments. дальше »
2018-10-12 11:30 | |
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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin
GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY). дальше »
2018-10-10 02:10 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Bitcoin Is Extremely Useful In These Problematic Countries
In many countries, there are emerging monetary crises as local currencies lose value. Local governments or central banks are unwilling or unable to solve inflation, and that’s a key chapter in the story of Bitcoin. дальше »
2018-9-10 20:00 | |
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Iran Recognizes Cryptocurrency Mining as Industry
Iran has purportedly accepted cryptocurrency mining as an official industry. According to a high-ranking official, all related institutions have already agreed on it. A Breath of Fresh Air Iran has historically been fairly controversial in its stance towards cryptocurrencies. дальше »
2018-9-6 11:00 | |
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Virtual Crypto (Bitcoin ATM Maker) Reveals Cannabis Dispensary Crypto Payment System Plans
Virtual Crypto Technologies Reveals Plans for Crypto-Backed Payment System for Cannabis Dispensaries Cannabis has been the most-debated topic in the US as its legalization has gained both supporters and naysayers. дальше »
2018-9-6 07:34 | |
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India: ICICI Bank Is Focusing on Blockchain for KYC, Trade, and Remittances
In an August 24, 2018, interview with YourStory, Abhijit Singh, Head of Technology at ICICI Bank, said he held a positive attitude towards the impact blockchain would have on the banking industry. More Mainstream Banks Open to Blockchain Although blockchain is widely perceived as a disruption to the banking sector, more and more mainstream banks are looking into ways to...The post %%POSTLINK%% appeared first on %%BLOGLINK%%. дальше »
2018-8-27 09:00 | |
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U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services
Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22. 7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator. дальше »
2018-8-17 01:31 | |
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Ripple Executive Says the Company is Eyeing an Expansion into China
A Ripple executive has said that the distributed payments service provider is looking to expand their operations in China. However, it seems unlikely that such a move would translate into greater usage of the platform’s digital currency, XRP. дальше »
2018-8-15 22:00 | |
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New Partnership Designed to Securely Track Precious Metal Trades
Financial technology firm Paxos has formed a partnership with INTL FCStone Inc’s precious metals division. The department will now be using Paxos Confirmation Service — a tool built specifically for the precious metals arena — to instantly automate daily trade confirmations and reduce human error. дальше »
2018-8-9 18:15 | |
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CLS, IBM, Citi, Barclays Form Partnership to Launch Blockchain App Store for Banks
A new blockchain-based platform is on the horizon, and it is the result of a cooperation between foreign exchange settlement provider CLS, enterprise software giant IBM, and nine financial institutions, including big names such as Citigroup and Barclays, the companies said in a statement on July 30, 2018. дальше »
2018-8-1 07:00 | |
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Banking Giant Trials Blockchain for Land-Backed Loans Issuance
The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The ABC said the blockchain system is deployed among various nodes to facilitate the loan issuance including other commercial banks, the provincial branch of the People’s Bank дальше »
2018-7-31 13:17 | |
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Yes, Stablecoins Can Secure Official Audits from Major Firms
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized. дальше »
2018-7-26 18:55 | |
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We’ve Said It All Along, And Now The G20 Agree With Us Too
This year, at this very moment in time the G20 Summit is taking place in Argentina. The G20 are a group of twenty authorities composed of various governments and central banks from across the world. дальше »
2018-7-23 15:30 | |
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Ripple Specialist Says Ultimate Goal Is Real-Time XRP Payments in 3-5 Seconds Anywhere Around the World
Ripple’s Ultimate Goal Is To Give Everyone On Earth Send Payments In A Matter Of Seconds Ripple’s global payments specialist Cassie Craddock said Ripple’s long-term goal is to spread the company’s proprietary technology through banks and payment platforms on a massive scale. дальше »
2018-7-22 13:10 | |
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Former JPMorgan Executive Says Banks Know Cryptocurrencies Will Change the World
Traditional financial institutions have begun to notice how cryptocurrencies are disrupting their market. Salvador Casquero, former JPMorgan Head of Scandinavian Interest Rates Trading and Head of FX Sales at BBVA, two of the largest banks in the world, has said that banks have officially lost the race of finance to crypto and rapidly emerging fintech […] дальше »
2018-7-22 00:13 | |
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HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology
Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile nature of digital assets. дальше »
2018-7-21 17:00 | |
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Bitcoin and Other Cryptocurrencies Not Significant Threats – Says US Federal Reserve Chairman
While a good number of central banks see bitcoin and other cryptocurrencies as significant threats to their survival, the United States Federal Reserve Chairman, Jerome Powell, said on July 18, 2018, that the exponential growth in the price of bitcoin and the increasing adoption of cryptos doesn’t bother him. дальше »
2018-7-21 13:00 | |
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MasterCard Apply Patent For Bitcoin Transactions
As the world of cryptocurrencies constantly evolves and changes, traditional institutions, such as banks, are trying to keep up with the crowd. Mastercard was able to receive a patent which allowed users to manage ‘fractional reserves of blockchain currency’. дальше »
2018-7-19 13:30 | |
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Banks Have Officially Lost to Crypto Says Former JPMorgan and BBVA Executive
Salvador Casquero, former JPMorgan Head of Scandinavian Interest Rates Trading and Head of FX Sales at BBVA, two of the largest banks in the world, has said that banks have officially lost the race of finance to crypto and rapidly emerging fintech companies. дальше »
2018-7-19 13:00 | |
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FSB Look Into Volatility Threats Posed By Bitcoin
The Financial Stability Board (FSB) have recently stated they want to look into possible volatility threats posed by the likes of Bitcoin. The Switzerland-based Financial Stability Board stated on Monday that the digital currencies have raised concerns regarding the protection of users and the investors since there it little known about banks exposure to them. дальше »
2018-7-18 23:00 | |
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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U. дальше »
2018-7-18 22:00 | |
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Global Financial Watchdog May Restrict Bank Exposure to Crypto
The Financial Securities Board (FSB) has released its report covering crypto assets for the G20 and is considering lowering the exposure of banks to cryptocurrencies. This would be to increase transparency and reduce the risk of financial instability, even though the report said crypto assets do not pose a material threat. дальше »
2018-7-17 17:56 | |
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Coinbase showcases five potential assets, trade listings not guaranteed
San Francisco-based cryptocurrency exchange Coinbase has announced that it is examining the addition of five new coins, according to a blog post published July 13. Additionally, Coinbase said it will negotiate with local banks and regulators to add the assets to as many jurisdictions as possible. In June, Coinbase announced it will support Ethereum Classic дальше »
2018-7-14 07:09 | |
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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert
When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong. дальше »
2018-7-14 19:30 | |
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BlockShow by Cointelegraph is Debuting in Vegas with BlockShow Americas 2018
Shortly after a successful comeback to Germany with BlockShow Europe 2018, the team gets to work again and announces BlockShow Americas 2018 - the next 2-day show and the very first one to be held in USA. дальше »
2018-7-6 14:58 | |
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India’s Bank Account Ban Ineffective as Crypto Exchanges Adapt Quickly
As previously reported by CoinDesk, the Supreme Court held a hearing on Tuesday and said the Reserve Bank of India’s (RBI) circular issued in April will “remain implemented,” which prohibits banks from facilitating fiat transactions on Indian crypto exchanges. дальше »
2018-7-5 11:37 | |
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U.K. Banks Warned to Be Careful With Cryptocurrencies
The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks. дальше »
2018-6-29 18:17 | |
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Op Ed: Utility Token? Why You’re Still Better Off as a Security
The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice. дальше »
2018-6-26 19:36 | |
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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. дальше »
2018-6-21 23:05 | |
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