2021-7-6 08:00 |
Over the past few years, banks have significantly edged closer to the world of cryptocurrencies. The traditional banking system has become far less efficient in terms of both performance and cost-wise.
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Many people now see crypto, especially bitcoin, as an option to protect investors’ money during times of uncertainties in the traditional banking system. The recent banking crisis in the United States has made investors aware of the flaws in the current banking system.
2023-3-22 18:00 | |
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The primary pull of decentralized crypto assets is financial freedom from the flawed banking system. Bitcoin is one step but without greater adoption it is still just a speculative vehicle. DeFi and decentralized protocols based on banking are another and they’re gaining traction fast.
2019-12-14 08:00 | |
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China’s Yingkou Coastal Bank was forced to stack yuan behind the counter recently as it struggled to meet withdrawal demands. This is a problem that China has faced multiple times in the past month throughout the country.
2019-11-29 18:15 | |
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With major tech firms shifting their focus to finance, what does this mean for the future of crypto and the wider financial system?
2019-11-22 17:45 | |
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Lebanon’s banking system has been in shambles for quite some time, with closures across the country. Now, the banks are ready to reopen, but they are opening with a caveat. Without calling it Capital Controls, Lebanese banks have set a withdrawal limit of $1,000 a week for accounts denominated in foreign currency.
2019-11-19 02:34 | |
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There are many use cases for bitcoin but the primary one is to cut out centralized banks. The banking system as we know it is on the verge of collapse, but that is not all. They also have the power to ditch their customers with impunity as Sequoia partner Roelof Botha just found out.
2019-11-18 11:00 | |
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Nearly one million Indian bank customers cannot access their cash they deposited to their bank. The incident was just a proof of how the banking system is experiencing shortcomings and the improvements that could be made if crypto was given the opportunity.
2019-11-13 18:48 | |
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Almost one million customers of an Indian bank are currently without access to the money they deposited with the institution. The incident serves as yet another reminder of the shortcomings of the current banking system and the potential improvements offered by crypto.
2019-11-13 01:00 | |
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Like many representatives of the current financial system, the former European Central Bank (ECB) president is not so keen on Bitcoin. Jean-Claude Trichet dismisses cryptocurrency as “pure speculation.
2019-11-11 04:20 | |
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Coinspeaker Hong Kong Grants Chinese Tech Giant Tencent a License to Open Virtual BankReceiving the license from the Hong Kong SFC, Tencent will be working on a blockchain-based virtual banking system.
2019-11-9 14:40 | |
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A lot of attention has been turned to the banking system this year as it battles to keep the economy afloat. The repo market is a huge red flag in the US, yet the government remains staunch in its policies on regulating the crypto industry.
2019-11-6 09:45 | |
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One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in China as citizens rush to withdraw their savings.
2019-11-1 07:00 | |
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At the Annual Litecoin Summit 2019, retired American politician Ron Paul put his weight behind cryptocurrencies saying that the traditional banking system is fake and that digital currency is the money of the future, October 28, 2019.
2019-10-29 14:07 | |
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The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy.
2019-10-28 01:50 | |
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Though digital currencies have come up against a lot of challenges, consumers shouldn’t give up just yet, according to Darrell Duffie. Duffie, a professor of finance at Stanford GSB, believes that the next decade could be filled with a lot of success for this sector, in the event that banks don’t come up with faster […]
2019-10-25 17:39 | |
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Libra’s troubles and downfalls often make headlines, but the potential impact of the system, if it’s allowed to ship, is greatly ignored. Chinese tech giant Tencent has acknowledged that Libra has the ability to genuinely threaten the global payment rails.
2019-10-25 13:45 | |
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Bitcoin is going to benefit from the ongoing repo crisis in the US banking system, hinted Gabor Gurbacs of VanEck, a New York-based investment management firm. The Digital Asset Strategist, who oversaw the drafting and filing of VanEck’s Bitcoin ETF application to Securities and Exchange Commission (SEC), on Thursday indicated that Fed’s plans to inject.
2019-10-24 16:00 | |
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Lingering political unrest rendered millions of Lebanese nationals unable to access their own money deposited with banks for the seventh consecutive day on Wednesday, highlighting once again how Bitcoin can serve as an alternative financial system.
2019-10-24 07:24 | |
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The Banking crisis of 2008 was one of the key elements that fueled the invention of Bitcoin. The advent of Bitcoin exposed some of the pivotal flaws of the centralized banking systems which were largely ignored as there were no alternatives.
2019-10-21 01:30 | |
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The Diamond Open Market,an EOS-based platform to buy and sell natural and lab-grown diamonds, heirloom or other jewelery, is opening the formerly closed diamond market for everybody. DOM will present a marketplace and a trading platform for businesses and individuals working as a reliable tool for B2B, B2C or P2P relations.
2019-10-11 22:33 | |
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If you believe conspiracy theories, then you already know that elites hate bitcoin. Bitcoin disrupts the trillion-dollar global banking system. It frees individuals from state-run currency systems.
2019-10-8 01:37 | |
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After splitting up with its UK banking partner Barclays earlier this year, Coinbase has now fully reinstated GBP transfers. But it’s not all good news, as the exchange has also upped its fees.
2019-10-4 14:46 | |
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Coinspeaker Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking SystemThe bankers have explicitly stated that Facebook's Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
2019-10-2 13:30 | |
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Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money.
2019-10-2 13:05 | |
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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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At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook.
2019-10-2 18:45 | |
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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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In a letter addressed to Eva Kaili, a member of the European parliament and a well-known cryptocurrency advocate, the current president of the European Central Bank, Mario Draghi, lays down his views on cryptocurrencies and their future in the banking sector.
2019-9-28 19:53 | |
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In a blog post published on Wednesday, Libra cofounder David Marcus tried to justify Facebook's move to, saying that it is going to be an asset to the global population as most of them lack access to modern financial services.
2019-9-26 19:16 | |
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Infosys, an Indian corporation that provides banks with universal digital banking solutions, has partnered with financial institutions across 19 countries to trial R3’s distributed ledger technology (DLT) based solution for trade finance, reports livemint, September 23, 2019.
2019-9-24 23:00 | |
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Jared Dillian, an investment strategist who works at Mauldin Economics,recently tweeted that Bitcoin and the crypto technology have the potential to destroy the banking system. According to him, it is not a question of “if, but when” this will happen.
2019-9-19 23:14 | |
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In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.
2019-9-14 20:52 | |
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On the stage of The OECD Global Blockchain Policy Forum 2019, Ripple’s Global Head of Banking, Marjan Delatinne revealed the firm’s vision for XRP while addressing complexities surrounding the traditional financial system in terms of cross-border remittances.
2019-9-14 20:30 | |
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The arguments as to why bitcoin is superior to the banking system are pretty clear cut to anyone that has used it. A decade ago BTC was conceived to cut out the fatcat middlemen and allow people to transact between themselves.
2019-9-12 15:30 | |
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Coinspeaker Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto CompetitionCircle CEO Jeremy Allaire said that China's research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.
2019-9-11 17:32 | |
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Banking services are not always accessible to everyone, not to mention that they sometimes come with high fees and slow processing time. But how can we change that? Well, Panerora.com has taken blockchain technology to create a revolutionary remittance system, that will provide its users with low-cost and fast transfers no matter where they are […] The post Panerora’s ICO Blockchain Payment Solution Is Ready to Change Africa appeared first on AMBCrypto.
2019-9-11 14:25 | |
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The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.
2019-9-1 11:30 | |
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The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them.
2019-8-30 01:30 | |
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Binance claims the PBOC’s system will allow fund transfers without the need for a bank account using what it terms ‘decoupled’ banking.
2019-8-29 22:00 | |
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56% of the top global universities, compared to 42% in 2018, now offer at least one course on crypto or blockchain, reported Coinbase in its “The 2019 Leaders in Crypto Education” survey. As the crypto market grows, millennials’ interest is surging as well.
2019-8-28 22:04 | |
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When we think of China’s progress in adopting cryptocurrencies, we think of a country implementing a blanket ban. We might be forced to think that they haven’t made much progress in the ecosystem, but Jeremy Allaire from Circle begs to differ.
2019-8-24 17:22 | |
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Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.
2019-8-24 02:00 | |
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Prixbit is one of an estimated 200 players locked out of the banking system
2019-8-20 18:00 | |
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As many as 70,000 people could be facing financial ruin as a massive crackdown sweeps across Ghana’s banking system. It serves as yet another stark warning that governments and banks are in full control of people’s money.
2019-8-20 18:00 | |
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Protesters in Hong Kong have taken to a new non-violent tactic, withdrawing cash in mass from ATMs and banks and converting it to U.S. dollars—foreshadowing things to come for Bitcoin. On Aug. 16, protesters in Hong Kong announced plans to withdraw their cash from the banking system in protest of overreach from mainland China, reported […] The post Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system appeared first on CryptoSlate.
2019-8-19 14:17 | |
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Shinhan has gained a much-deserved reputation as one of the oldest and largest banking companies in operation within South Korea, has announced a brand new partnership with two emerging Fintech companies.
2019-8-15 00:30 | |
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Crypto startups are hitting a snag when it comes to Israeli banks.
2019-8-9 00:30 | |
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Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months.
2019-8-1 13:50 | |
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University of California Irvine School of Law’s law professor and practicing lawyer, Mehrsa Baradaran supposedly presented her arguments as to why cryptocurrencies aren’t the solution to the flaws associated with the financial system to the United States Senate Committee on Banking, Housing and Community Affairs.
2019-7-30 21:47 | |
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