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Report: Bitcoin Unable to Solve Problems of Traditional Payment Systems
An official from the Bank of Spain believes that Bitcoin is unable to solve the problems of traditional payments systems
дальше »2019-2-19 01:20 | |
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Bank of Spain: Bitcoin Unable to Solve Problems of Traditional Payment Systems
An official from the Bank of Spain believes that Bitcoin is unable to solve the problems of traditional payments systems
дальше »2019-2-19 01:20 | |
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A Huge EU Bank Just Ruthlessly Froze People’s Accounts, Sparking Claims of Racism. It Would Never Happen With Bitcoin
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. дальше »
2019-2-18 16:56 | |
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Freelancers on Traditional Platforms Can Now Invoice in Bitcoin Via Bitwage
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. дальше »
2019-2-15 20:14 | |
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AmaZix Blockchain Token Advisory and Bank Frick in Liechtenstein Partner to Boost Crypto Adoption
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. дальше »
2019-2-6 02:09 | |
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Economist’s Quip That Bitcoin (BTC) Fails Financial “Tests” Is Wrong: Hot Take
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. дальше »
2019-1-23 05:00 | |
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Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of Exchange
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. дальше »
2019-1-23 22:00 | |
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Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials
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. дальше »
2019-1-22 12:33 | |
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French Economist, Former Central Bank Governor Links Up with SETL Blockchain Startup
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. дальше »
2019-1-19 01:50 | |
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Zcash Now Available Over-the-counter at Galaxy Digital
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. дальше »
2019-1-11 14:59 | |
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FINRA Fines Morgan Stanley $5 Million for Sub-Standard Anti Money Laundering Practices
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. дальше »
2018-12-29 15:00 | |
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WSJ Reports Morgan Stanley Fined $10 Million for Money Laundering Activity Detection Failure
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. дальше »
2018-12-28 11:18 | |
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Ripple Price Analysis: XRP Bullish, Break Above 40 Cents Vital For Bulls
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. дальше »
2018-12-22 18:00 | |
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“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
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. дальше »
2018-12-21 19:28 | |
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Want to Build a Crypto Startup? Tim Draper University Can Help
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. дальше »
2018-12-20 04:00 | |
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New Shakepay Feature Turns Your Spare Change Into Bitcoin
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. дальше »
2018-12-18 02:32 | |
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GP Bullhound, Saxo Bank Predictions Show Institutional Investors Could Be Crypto Industry’s Saving Grace For 2019 Bounce Back
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. дальше »
2018-12-17 08:19 | |
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Ripple’s Blockchain Used as Payment Processor for Turkey’s Akbank and Santander Bank Transfer
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. дальше »
2018-12-16 19:12 | |
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Digital Currency Platform Revolut Receives European Banking License
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. дальше »
2018-12-14 23:35 | |
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Bitwala Is Offering German Citizens Joint Crypto and Fiat Banking Accounts
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. дальше »
2018-12-13 22:32 | |
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BitGo Hires Trust Company Veteran as CEO of Its Custody Arm
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. дальше »
2018-12-8 21:38 | |
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Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies
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. дальше »
2018-12-3 19:48 | |
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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto
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. дальше »
2018-12-3 19:20 | |
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AriseBank CEO Charged in $4 Million Alleged ICO Scam
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. дальше »
2018-11-30 23:03 | |
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In Cautionary Speech, Chairman Clayton Parrots SEC’s Bitcoin ETF Concerns
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). дальше »
2018-11-29 21:56 | |
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California-Based Silvergate Bank Files for IPO to Boost Cryptocurrency Services
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”. дальше »
2018-11-23 02:00 | |
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Nigerians want Cryptocurrency, And They Want It Now
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”. дальше »
2018-11-17 19:04 | |
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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?
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. дальше »
2018-11-17 01:42 | |
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Digital Bank Revolut Surpasses 3 Million Customers
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. дальше »
2018-11-13 19:30 | |
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Report : Before Binance’s Arrival, 70% of Ugandans had no Traditional Bank Accounts
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. дальше »
2018-11-3 23:20 | |
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Buy Bitcoin with VISA Gift Card
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. дальше »
2018-11-2 19:45 | |
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J.P. Morgan to Use Ethereum-Based Quorum for Tokenizing Gold Bars in Pilot Experiment
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. дальше »
2018-10-31 22:00 | |
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Czech Bank Launches Cryptocurrency-Friendly Services
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. дальше »
2018-10-27 12:15 | |
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Bank of Canada Runs a Blockchain-based Pilot for a LOC Negotiation Platform
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. дальше »
2018-10-23 15:59 | |
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Russian Central Bank Reports Cryptocurrency “Fever” Is Waning
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. дальше »
2018-10-19 03:34 | |
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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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Zambian Central Bank Declares Bitcoin Is Not Legal Tender
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. дальше »
2018-10-14 02:50 | |
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Singapore’s financial regulator wants its banks and blockchains to be friends
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. дальше »
2018-10-11 13:52 | |
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Neglected BCH Companies Have Been Offered New Solution
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. дальше »
2018-10-11 13:30 | |
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With the CBAC, East Meets West in Search of Adoption and Innovation
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. дальше »
2018-10-10 23:38 | |
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Chinese and US Investors Team Up to Create a Global Crypto Investment Fund
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. дальше »
2018-10-9 15:30 | |
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-8 21:30 | |
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