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Southeast Asia’s Largest Bank Is Launching Crypto Trading And Custody For Bitcoin, Ethereum, And XRP
The largest retail and commercial bank in Southeast Asia by assets, DBS, is seemingly planning to launch a digital assets platform for the trading and custody of major cryptocurrencies. According to an announcement that was posted accidentally and deleted, the forthcoming crypto offering — the DBS Digital Exchange — is backed by the Singapore-headquartered bank […] дальше »
2020-10-30 22:34 | |
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One of Asia’s Largest Banks, DBS, Launches Fiat-to-Crypto Exchange; Opens with BTC, BCH, ETH, & XRP
2020 is all about cryptocurrencies as the tide turns. The latest one to jump on the digital currency bandwagon is the largest retail and commercial bank of Singapore, DBS. The bank has soft-launched its cryptocurrency and fiat trading exchange with Bitcoin (BTC), Ethereum (ETH), XRP, and Bitcoin Cash (BCH) as the primary listed crypto assets. дальше »
2020-10-27 16:31 | |
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Kenyan Central Bank Is Considering Issuing A CBDC As It Feels ‘Left Out’ By Booming Private Cryptocurrencies
The Kenyan central bank is having serious discussions with international players about pursuing a retail central bank digital currency, a top official said Monday. Patrick Njoroge, governor at the Central Bank of Kenya (CBK) told U. дальше »
2020-10-27 22:46 | |
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Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. дальше »
2020-10-20 12:15 | |
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Australia Doesn’t Need a Retail CBDC, Says Central Bank
Australia’s central bank is not buying into the growing call among several countries to float their own central bank digital currency (CBDC). With China already bootstrapping adoption of its digital yuan to millions of citizens, other countries are moving ahead to test their own experimental CBDCs. дальше »
2020-10-14 18:30 | |
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Sygnum Stablecoin Used for Payment Transaction on Swiss Giant Online Retail Platform
Switzerland crypto-friendly bank Sygnum in conjunction with cryptocurrency platform Coinify and Galaxus, Switzerland’s largest online successfully completed an e-commerce transaction using Sygnum’s stablecoin. дальше »
2020-8-28 06:56 | |
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China: CBDC Trial Focused on Retail Transactions
China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions. дальше »
2020-8-24 23:07 | |
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The Trials of China’s DCEP Focusing on Retail Transactions: Report
The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »
2020-8-24 19:28 | |
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China’s nationwide blockchain to add support for stablecoins
China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time. дальше »
2020-8-25 14:43 | |
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Russia’s Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021
Russia's largest retail bank is launching a Hyperledger-powered blockchain for trade finance initially, and may add a ruble-linked stablecoin next year дальше »
2020-8-7 17:16 | |
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Blockchain Bites: Chainlink’s Interest, Ethereum’s ‘ReGenesis’ and Crypto Taxes
Retail interest in Chainlink is booming, Ethereum may follow Cosmos on its path to upgrade and the U.K. central bank is mulling a CBDC. дальше »
2020-7-15 19:28 | |
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The most promising Fintech companies 2020
The history of the first Fintech projects begins back in 1950, from the moment the first credit payment card appeared. Further, the invention of bank cards, ATMs, and self-service devices in retail began to move the financial industry forward, introducing new technological solutions. дальше »
2020-6-4 18:57 | |
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European Central Bank (ECB) Research Is Now Focusing on a Retail Version of CBDC
The Consensus 2020 crypto event has officially started, and for the first time, as a completely virtual conference due to COVID-19 at which the European Central Bank (ECB) was the main attraction, with Yves Mersch as its legal official and first speaker. дальше »
2020-5-12 22:11 | |
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Why are Central Banks Interested in Digital Currency
A retail Central Bank Digital Currency (CBDC) would be a digital and universally accessible form of money issued by central banks. Objectives= anticipate the disappearance of cash, create efficient means of payment, and strengthen regulatory controls. дальше »
2020-5-7 14:00 | |
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SCB Expands Ripple Partnership To Improve Cross Border Payments via ‘SCB EASY’ App
Siam Commercial Bank (SCB) has announced its partnership with Ripple in efforts to expand its global payment strategy. The bank announced the launching of SCB Global Payment strategy to enhance its cross border payments for its retail clients. дальше »
2020-4-29 18:11 | |
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Starbucks, Subway And McDonald’s Set To Test China’s Central Bank Digital Currency
Starbucks, Subway, and McDonald’s are among the 19 retail businesses that will be trialing China’s digital yuan in one of the country’s pilot program cities. Per reports, China has already started testing its digital currency in a real-world setting in order to improve the currency’s functionality. дальше »
2020-4-24 17:55 | |
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CBDCs, once deployed, may test Federal Reserve's retail banking capability
While cryptocurrencies like Bitcoin have existed for over a decade now and have inspired highly polarizing views regarding their disruptive capabilities, Central Bank Digital Currencies (CBDC) are nowThe post CBDCs, once deployed, may test Federal Reserve's retail banking capability appeared first on AMBCrypto. дальше »
2020-4-2 19:30 | |
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UAE bank to use RippleNet to enhance remittance footprint throughout the Philippines
RAKBANK, a retail and business bank in the UAE, has partnered with BDO Unibank, a full-service universal bank in the Philippines, with a plan to enhance its current remittance footprint in the PhilippThe post UAE bank to use RippleNet to enhance remittance footprint throughout the Philippines appeared first on AMBCrypto. дальше »
2020-2-23 19:05 | |
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ECB Wants Active Role in Crypto, Will Not Deter Private Solutions
The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail […] The post ECB Wants Active Role in Crypto, Will Not Deter Private Solutions appeared first on Bitcoin News. дальше »
2020-1-9 16:02 | |
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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […] The post Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto appeared first on Bitcoin News. дальше »
2019-8-3 23:00 | |
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Australian Banks Set to Trial IBM’s Blockchain Platform for Retail Financing
The three largest banks in Australia, Commonwealth Bank of Australia, New Zealand Banking Group Ltd. and, Westpac Banking Corp are partnering with Scentre, a Westfield mall owner, to test IBM’s new blockchain-based bank guarantee platform for processing retail financing, reports Reuters on July 4, 2019. дальше »
2019-7-5 05:00 | |
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Australia: Cryptocurrency unlikely for retail payments, Facebook or not
The world is still processing the specifics of Facebook‘s Libra digital currency, but even the Reserve Bank of Australia (RBA) has realized it’s set to rub cryptocurrency purists the wrong way. дальше »
2019-6-20 12:38 | |
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Tether and Search Engine Data Reveals China Fueling Bitcoin Rally
By CCN Markets: Over the past three months, the bitcoin price has risen from $3,911 to $8,120 against the U. S. dollar on major crypto exchanges, demonstrating strong momentum supplemented with a clear rise in volume. дальше »
2019-6-13 10:35 | |
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Russia Stunningly Explores a Gold-Backed Crypto to Settle Payments
By CCN: Russia is reportedly considering the implementation of a gold-backed cryptocurrency, according to Russian news outlet Tass. Immutability and censorship-resistance are useful for governments in certain instances, such as conducting international trade in the face of sanctions. дальше »
2019-5-24 22:55 | |
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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets. дальше »
2019-5-13 16:37 | |
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Ripple (XRP) Performance Dismal, Central Banks Link Up
Ripple (XRP) performance dismal, bulls add 1. 3 percent in 24 hours. Despite apparent efficiency, a central bank official said he sees no potential in Ripple An official from Singapore’s MAS is skeptical of retail bank digital currencies capabilities after the country’s Project Ubin linked with Canada’s Project Jasper effecting the first transaction. дальше »
2019-5-4 21:00 | |
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Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019
Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency. дальше »
2019-4-13 13:22 | |
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5th-Largest Japanese Bank Abruptly Ditches Ripple Trial
Ripple, the blockchain-based payment network, suffered a setback after Japan’s Resona Bank said it would no longer use MoneyTap, a consumer-centric retail payments app that uses Ripple’s enterprise blockchain technology. дальше »
2019-4-13 21:01 | |
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With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem
Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server). дальше »
2019-4-12 22:03 | |
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Russian Central Bank Will Put Onerous Limits on Retail Crypto Investors
The Russian central bank seeks to impose new regulations on cryptocurrency. The central bank wants unqualified investors to be limited in how much cryptocurrency they can purchase. RCB reports that they will also institute an information-sharing system between crypto exchanges to ensure that no one goes over their limit. дальше »
2019-3-13 21:15 | |
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Netcoins partners with Simplex to enable crypto purchases by credit card
Netcoins, a cryptocurrency exchange service, today announced that it has partnered with Simplex to enable credit card payments for crypto purchases, effective immediately. Netcoins currently allows users to purchase crypto through its retail network, pre-paid vouchers and online with account funds (done via bank transfers,... Source дальше »
2019-2-15 01:58 | |
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Bitcoin beyond 2020: Can proof-of-work sustain life after block rewards?
A Bank of International Settlements report concludes that bitcoin's liquidity is "set to fall dramatically" due to decreasing mining rewards and low retail use if it doesn't migrate to another consensus model such as proof-of-stake. дальше »
2019-1-30 15:00 | |
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Bitcoin Believer Novogratz May Salvage Struggling Crypto Startups With $250M
There may be a drought in the broader retail Bitcoin market, but in the crypto financier space, spirits seem to be as high as ever. Well, that’s what Mike Novogratz, the founder of merchant bank Galaxy Digital, thinks anyway. дальше »
2019-1-26 16:00 | |
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Japan’s Second Biggest Bank Launching Yen-Pegged Stablecoin in March 2019
Mizuho Bank, Japan’s second largest financial institution, is readying the infrastructure for a stablecoin launch in March 2019, as reported by Asia Nikkei Review. The coin is aimed at increasing low-cost cross-border transfers and remittances. дальше »
2018-12-29 13:50 | |
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Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets
On November 16, 2018, the U. S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets. дальше »
2018-11-21 01:44 | |
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Without a Digital Currency, Sweden Faces the Privatization of Money
Retail payments in Sweden are now almost entirely cashless. Without a central bank digital currency (CBDC) Sweden’s entire payments market would be reliant on the private financial sector. Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden, has authored an article as part of the World Economic Forum’s Annual Meeting of the Global Future Councils. дальше »
2018-11-12 04:00 | |
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Binance CEO Bullish on Fidelity’s Bank Balance
Not only the eyes of retail traders appear to be glued to the horizon, with crypto executives, venture capitalists, economists, and bootstrapping ICO projects seemingly awaiting any one of this year’s selection of institutional catalysts to drive the cryptocurrency market into a new dimension. дальше »
2018-10-24 01:06 | |
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