2023-3-16 17:37 |
The New Jersey-based regional bank has an increased profile after the trio of recent bank collapses – and will likely face added regulatory scrutiny. origin »
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The Bank of England (BoE) has released a new paper that explores the use of Ripple’s Interledger Protocol for synchronized settlement of payments. The new step taken by the Bank of England shows the increasing interest of central banks in…
2023-8-2 12:36 | |
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The Reserve Bank of New Zealand (RBNZ) is increasing its monitoring of cryptocurrencies and stablecoins, the country’s central bank said on June 30. Ian Woolford, Director of Money and Cash at RBNZ, noted in the statement, “… a regulatory approach isn’t needed right now, but increased vigilance is.
2023-6-30 12:35 | |
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The New York State Department of Financial Services has spoken out about the role of crypto in the downfall of Signature Bank. The post New York Regulator Confirms Crypto Did Not Sink Signature Bank appeared first on BeInCrypto.
2023-4-6 07:24 | |
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In January 2023, Goldman Sachs, a multinational investment bank, announced plans to cut around 3,200 staff as part of a cost-cutting exercise. However, despite this move, the bank remains open to hiring new talent in the cryptocurrency space.
2023-3-1 15:40 | |
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The central bank of the country aims at creating regulatory framework for new class of assets
2022-3-25 16:52 | |
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In exploring issuing a central bank digital currency (CBDC), the Reserve Bank of New Zealand (RBNZ) is soliciting the opinion of the public. The post New Zealand Central Bank Asks Public for Input on CBDC appeared first on BeInCrypto.
2021-9-30 13:44 | |
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The Bank of Korea has revealed a new 10-year development plan for the nation’s economy. The bank is giving blockchain technology and CBDCs a greater priority, with many initiatives planned to be launched by the end of the year.
2020-6-10 10:10 | |
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Users Will Need A Bank Account To Use The New Bitcoin ATM’s From UnionBank Users that want to use the new UnionBank (UBP) will need a bank account. UBP Is the seventh largest bank in the Philippines and it entered the cryptocurrency ATM market this week. If there is an interested customer in using these […]
2019-4-4 21:48 | |
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The Bank of Canada (BoC) is working on a new and innovative concept for a bank – a proof-of-concept approach. Two other industries, the private sector and academia, are helping it achieve its goal. Together, they’ll establish a new financial technology that features an underlying blockchain system and that prioritizes DLT. Interestingly enough, the BoC […]
2018-11-2 01:39 | |
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SBS Bank in New Zealand seems to be considering using blockchain technology as a way to provide an improved user experience for their clients. While some financial institutions are vehemently denying their customers’ interest in cryptocurrencies, New Zealand’s SBS Bank is taking a more pro-active approach.
2018-7-20 09:00 | |
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On July 6th, the Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved applications filed by two new cryptocurrency exchanges. Chuchi G. Fonacier, the deputy governor of the Bangko Sentral ng Pilipinas (BSP), reportedly said that the bank has approved the applications of ETranss and Virtual Currency Philippines, Inc., accrediting them as new platforms. […]
2018-7-7 20:17 | |
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Coinome hailed as India’s ‘safest exchange’, announced recently that they will be launching new trading pairs for XRP. This comes after the Reserve Bank of India asked financial institutions to not conduct transactions with cryptocurrency exchanges.
2018-7-7 04:07 | |
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The central bank of the Philippines has approved applications from two new digital currency exchanges, which allows the conversion of Philippine pesos into virtual currencies
2018-7-7 01:49 | |
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SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange. The firm says it plans to launch "the first market infrastructure in the world” which will “offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.
2018-7-7 23:11 | |
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The central bank of the Philippines has reportedly approved two new cryptocurrency exchanges, bringing the total number of accredited crypto exchanges in the country to five. Meanwhile, crypto transactions have been growing in the country.
2018-7-6 20:50 | |
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On July 5, it was confirmed that Square Inc. had withdrawn its application to open a new depository bank, but said it will refile later this year with the Federal Deposit Insurance Corp. However, its application with the Utah Department of Financial Institutions remains active.
2018-7-6 13:00 | |
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With the Reserve Bank of India’s (RBI) new ruling coming to force yesterday, India have featured in numerous news headlines and will no doubt continue to do so through the week. As a recap, yesterday the RBI’s new rulings came to power which essentially mean cryptocurrency trading across exchanges, with FIAT currency will no longer be allowed.
2018-7-6 11:30 | |
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Economy & Regulation The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The major financial institution of the inflation-ridden African country considers blockchain a “new developing global innovation” and is willing to embrace it, according to its governor, John Mangudya. John Mangudya
2018-7-5 20:59 | |
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In late 2009, Bitcoin founder Satoshi Nakamoto ushered in a groundbreaking approach to money by championing a digital payment system free from third-party intermediaries and governmental control.
2018-7-5 19:37 | |
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Government of Bermuda will amend Banks and Deposit Companies Act to allow innovation in the industry.
2018-7-4 18:23 | |
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The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2.
2018-7-3 09:00 | |
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Bermuda is planning to introduce amendments to the Banking Act in order to provide banking services to local blockchain and fintech companies
2018-7-3 07:13 | |
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The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018-7-3 23:28 | |
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Block66 is building a new blockchain-enabled marketplace for mortgages. Institutional and private lenders can use the service to offer loans to a wide range of borrowers, introduced by Block66 broker partners.
2018-7-1 11:11 | |
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Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses
2018-6-30 18:32 | |
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Qiwi, one of the largest e-payment providers in Russia, is launching a crypto investment bank, called HASH, to advise investors and help Russian companies tokenize their assets once the appropriate regulation in Russia is in place.
2018-6-30 17:58 | |
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A new post on the Ripple website discusses how Ripple plan to enter the Indian remittance economy. Ripple recognise just how large scale remittance payments are in India, given that according to Ripple, over the past few years, India has been the largest receiver of remittance payments, in 2017 alone, $69 Billion flowed into India through remittance services.
2018-6-30 15:00 | |
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The Reserve Bank of India’s deadline to terminate all banking services for crypto-related entities is set to end on July 6. As the date approaches,WazirX, a cryptocurrency exchange, is getting ready for the possible end of its current crypto trading services model in India and preparing a new one.
2018-6-30 14:14 | |
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QBT, a daughter company of Russia’s largest electronic payments system Qiwi, announced it will launch the country’s first ever cryptocurrency investment bank. Russia’s First Cryptocurrency Investment Bank The new company — which will operate under the brand-name HASH — will be registered in Russia, reports Russian news outlet Kommersant.
2018-6-30 05:00 | |
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Leading Indian cryptocurrency exchange Zebpay has added new cryptocurrencies to its crypto-to-crypto trading platform. The exchange now supports 19 cryptocurrencies and over 35 trading pairs, as it prepares for the banking ban by the country’s central bank to go into effect next week.
2018-6-30 01:30 | |
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According to an executive at the Dutch financial institution ABM AMRO Bank, the banking system that we currently know may be overthrown by blockchain technology. The company is already working with financial institutions that use Hyperledger technology with the intention to offer new financial services and products, including the tokenization of securities. An executive of […]
2018-6-30 23:49 | |
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Canadian rapper Drake released his much-anticipated Scorpion album at midnight last night. Although none of the album’s 20 songs mention cryptocurrencies, Big Sean was spotted rapping about cryptocurrency on YG’s ‘Big Bank’, released earlier this week.
2018-6-30 23:05 | |
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Poland: new complaint claims banks have been unlawfully closing or refusing bank accounts of crypto businesses
2018-6-29 22:32 | |
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The situation in Africa is characterized by extremely low level of bank adoption – and this fact may work in favor of the crypto sphere development in the region. The new platform called Binance Uganda will try to attract users with a month of zero transaction fees.
2018-6-29 21:54 | |
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Ripple has made some major inroads in the world of finance over the past few years. This company is very different from traditional firms, mainly because it taps the potential of digital assets and blockchain technology to achieve its goals.
2018-6-29 17:00 | |
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When a major publication like The New York Times considers you a leader or ‘influencer’ in the blockchain space, chances are you’re probably working for a bank or the government. Here Come The ‘Blockchain Influencers’ In an industry inspired by Bitcoin, specifically created to shun authority and eliminate trust, the idea of leaders seems like a joke to anyone who’s been in this space longer than a year.
2018-6-29 15:00 | |
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A new blockchain-based ecosystem is vowing to help 490 million unbanked and underbanked people across Southeast Asia access modern financial services. According to TraXion, only 54 percent of adults in developing countries have access to a bank account.
2018-6-28 15:54 | |
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The Digital Currency Research Lab at the People’s Bank of China has filed a new patent for a digital wallet that would allow users to track their transaction histories
2018-6-26 21:10 | |
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The central banks of Australia and New Zealand denied they would issue their own cryptocurrencies June 26, in a speech calling Bitcoin “fascinating” but “inefficient.” Addressing the Australian Business Economists in Sydney, Tony Richards, head of the Reserve Bank of Australia’s (RBA) payments policy, appeared hawkish on cryptocurrency as Australia’s government devotes considerable funds to
2018-6-26 17:07 | |
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The trend of ‘central banks’ talking about cryptocurrencies is warming up once more, with The Reserve Bank of Australia (RBA) and The Reserve Bank of New Zealand (RBNZ) weighing in on the debate. The pair have moved to debunk rumours that they are investigating in establishing their own central bank digital currency, on the basis that they believe such a project would inevitably damage their current banking system.
2018-6-26 17:00 | |
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Australia and New Zealand have both just ruled out the option of pursuing a central bank digital currency (CBDCs) – at least for now. Subsequently, he reiterated the RBA’s stance on issuing a central bank digital currency – or an “eAUD” as the bank’s governor Philip Lowe called it in a previous speech – that a
2018-6-26 16:48 | |
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Bitcoin is “fascinating” but “inefficient,” Australia’s central bank has claimed as both it and neighboring New Zealand take a hands-off approach to their own tokens
2018-6-26 15:34 | |
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The central banks of both Australia and New Zealand have said they do not plan to create their own digital currencies – at least for now.
2018-6-26 14:00 | |
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As the start of the crypto banking ban by the Reserve Bank of India approaches, cryptocurrency exchanges in the country are preparing to stop fiat deposits and withdrawals while boosting crypto-to-crypto trading.
2018-6-24 02:35 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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Stock trading app Robinhood is constantly working on offering new services for its clients. Now it is going to get a license to perform banking services. The post Investment App Robinhood Poised to Offer Bank Products appeared first on CoinSpeaker.
2018-6-22 15:42 | |
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Time New Bank Market Report: $TNB Falls to Monthly Low | Digital Money Times $ {{data. price_format}} {{data. cap24hrChange_format}} % $ {{data.
2018-6-22 14:16 | |
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Cryptocurrency and Blockchain Technology are two words you probably want to avoid saying in India, especially if you’re near a bank. Not too long ago, the Reserve Bank of India essentially established a ban on any cryptocurrency engagement.
2018-6-21 23:00 | |
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While Lloyd Blankfein doesn’t own any bitcoin himself — nor does his American multinational investment bank and financial services company — the CEO of Goldman Sachs still believes that critics shouldn’t dismiss the first and foremost cryptocurrency’s future.
2018-6-21 17:00 | |
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SkyBridge Capital, led by Anthony Scaramucci, is among the frontrunners bidding for Silicon Valley Bank’s VC arm, with a sale foreseen in the coming weeks. SVB Financial Group, once the umbrella organization for Silicon Valley Bank, is reportedly nearing the…
Consistent with the volatile nature of the cryptocurrency market, the Bitcoin (BTC) price has been experiencing a string of fluctuations in the past few weeks. Despite the renewed optimism, thanks to Grayscale’s recent victory against the United States Securities and Exchange Commission (SEC), the price of the premier cryptocurrency has failed to stay above the […]
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.
Crypto-related firms, Circle and Sequoia, were among the top five depositors at the failed Silicon Valley Bank. The post Silicon Valley Bank Crisis: Feds Backstop Saves Circle and Sequoia $4B appeared first on BeInCrypto.
A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB).
The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.
Goldman Sachs is currently under investigation by federal regulators for its involvement in the acquisition of Silicon Valley Bank’s securities portfolio while simultaneously providing advisory services to the struggling lender regarding capital raising, prior to its subsequent collapse this year.