The cryptocurrency market meltdown is akin to the 2008 financial crisis

Almost 15 years have passed since the financial crisis of 2008. The crash affected various sectors of the economy, such as banking and real estate. Cryptocurrency investors are now at risk of experiencing a similar situation. Is the 2008 nightmare…

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Santander UK Bank Puts Monthly Limit On Transactions To Crypto Exchanges

Santander UK has put a per transaction limit as well as a total monthly restriction on the amount that users can transfer to crypto exchanges. Santander UK Bank Says Investing In Crypto Can Be High Risk The United Kingdom branch of the banking giant Banco Santander yesterday posted a notification for its customers, where it […]

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Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator

The interconnection between crypto companies during the market downturn over the past year highlighted the potential risks for banking organizations that become involved with them. The post Bank With Crypto Companies at Own Risk, Warns Fed Top Regulator appeared first on BeInCrypto.

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South African Reserve Bank encourages friendly behavior with crypto

The banking authority said avoiding risk by cutting off crypto-involved clients may pose a “threat” to financial integrity.

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EU regulators: Be ready to lose all your money in crypto

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking, and insurance watchdogs said in a joint statement (pdf).

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Russian Banks at Risk of Collapse

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Hackers Increasingly Rely on Trojans to Deploy Ransomware Attacks

Kroll’s Cyber Risk team has detected a growing trend in the use of banking trojans to launch ransomware attacks.

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Gamble With Crypto at Bestecasinobonussen.nl

The advancements in the IT industry allowed for banking methods like Bitcoin to thrive in the online casino market, offering online casino goers the possibility to make their deposits in the most convenient way without the risk of exposing any of their financial information to unwanted third parties.

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What Quantum Finance Means for Bitcoin

Quantum computing could allow banks to more accurately quantify their risk, opening additional opportunities to invest in Bitcoin. Some of the biggest names in banking have confirmed they’re targeting research investment into the nascent field of quantum finance.

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Here’s a New Banking Tool for Vetting Crypto Exchanges

The blockchain forensics firm is now offering banks a product that aims to provide up-to-date risk profiles of more than 200 of the largest crypto exchanges around the world.

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Digital Risk: Managing Risk and Security in Digital Age

Coinspeaker Digital Risk: Managing Risk and Security in Digital AgeWe invite you to join the most compelling dialogue in the Banking and Payments industry at Digital Risk: Managing Risk and Security in the Digital Age meeting in November 2019 in London.

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Neutro ICO

The Neutro Protocol solves the trilemma of scalability, security and decentralization, allows for anonymous transactions and eradicates the need for centralized oracles. Neutro users can create a decentralized version of almost any real-world market that exists now only in a centralized system that we all use currently.

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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.

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General

Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses.

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FEMA Data Breach Exposes Private Data of Nearly 3 Million Individuals

A data breach has occurred within the Federal Emergency Management Agency (FEMA), resulting in the private data of nearly three million disaster victims being shared with an unnamed contractor. Who’s at Risk? The shared information includes home addresses, social security numbers and banking information for victims of U.

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Israeli Court Rules Against One-Size-Fits-All Bitcoin Ban by Bank

An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account.

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Global Banking Standard Setter Admits Bitcoin and Crypto are a Risk to Banks

A group of international banking authorities, the Basel Committee on Banking Supervision, which is part of the Bank of International Settlements (BIS), has issued a statement on the current situation of the cryptocurrency market.

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Basel Committee: Growth of Bitcoin is a Bad Sign For Global Banking System

The growth of crypto assets like bitcoin is a bad sign for the global banking system, warned the Basel Committee. The banking supervision forum said that crypto assets had become popular despite exhibiting a high degree of volatility and risk.

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Bloomberg Editor Says JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple; is XRP in Trouble?

On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoin called JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run.

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Crypto Firms Flock to Estonia: Is the Country’s E-Residency Program a Giant Loophole for Money-Laundering?

Estonia’s e-Residency program allows location-independent non-citizens and firms to access services such as banking digitally. Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered there currently.

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French Crypto Startup Disappears after Failed ICO, Leaves Unanswered Questions

After failing to raise the necessary funds from its ICO for its September 2018 launch, French crypto banking Startup Hush has vanished without a word. Social media accounts of founders have been deleted, and no further updates have been made available.

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Swiss Regulator Instructs Banks to Assign 800 Percent Market Value Risk Weighting to Cryptoassets

The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks in the country who handle cryptocurrency to weight cryptoassets at eight times their market value when calculating loss-absorbing capital.

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As Tether’s Peg Slips, Bitcoin Price Is Distorted Across Market

Tether’s peg is slipping, and an exchange-wide firesale has led to major price discrepancies between bitcoin’s BTC/USDT and BTC/USD trading pairs across the market.

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Bitcoin Is Too Eccentric For Traditional Banks

The crypto world seems to be on a different planet to the regular banking world. The companies behind the various digital currencies and their products are almost out of a futuristic science fiction movie.

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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.

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Banks Could Spell The End Of Bitcoin Just As They Spelled Its Boom

The economic crisis of 2008 brought the world’s attention to the need for an alternative means of doing business without much risk of a backlash, and that’s why Bitcoin received so much support when the pioneer cryptocurrency entered the market in 2009.

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

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Blockchain’s Report Examines Benefits (and Failures) of Today’s Stablecoins

Stablecoins have garnered serious investor attention over the past few weeks. Unlike bitcoin and similar cryptocurrencies, they are digital assets built to lessen price volatility and are often paired against the U.

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Crypto Tax And ICO Regulations In The United Kingdom

“We want to approach this in the same way as we approach other bits of the fintech sector in that we don’t want to stifle innovation, particularly in relation to the underlying technology, but equally we want to manage the risk.

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Canada Delays Regulation of Cryptocurrencies and Blockchain Companies

The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.

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Op Ed: New Bermuda Legislation Will Create a Novel Class of Bank to Service Fintech Companies

As we reported on July 19, 2018, Bermuda is determined to establish itself as the leading jurisdiction for fintech entrepreneurs, in particular those involved in initial coin offerings (ICOs), digital assets and virtual currencies.

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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.

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[promoted] Fueling Decentralized Crypto Investments With Aenigma

For many, the complex nature of crypto investing is an unsolvable enigma. Despite the potential for great returns, many are hesitant to jump in and navigate the complexities and uncertainties inherent in this space.

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Margin ICO

Margin is a Wanchain-enabled targeted loan platform and one of the first peer-to-peer lending solutions on the blockchain. Margin's pioneering lending model enables it to offer a kind of loan that the traditional banking industry has never offered: a 0% APR loan backed by the MRG treasury to borrowers in verifiable debt-trap situations.

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PR: trade.Io Appoints Banking Veteran David Hannigan to Run OTC Desk

Wednesday Lugano, Switzerland – trade. io, a leading cryptocurrency exchange and innovator of the industry’s leading liquidity pool, today announced that David Hannigan has joined the company as its Chief Dealer.

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European Banking Regulator Reports on Institutional Opportunities and Risks of Enforcing DLT

The European Banking Authority (EBA) has published a report, which analyzes the opportunities and risks emerging for financial institutions in using distributed ledger technology (DLT). The report says that DLT and smart contracts provide a range of opportunities, the most promising of which are the potential efficiency gains, conservative management of costs, and lower risk

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How to Slow Down a Startup: Erik Voorhees’ Hard Lesson

The Let’s Talk Bitcoin Network has added a new show to its lineup, “What Bitcoin Did. ” The WBD podcast is hosted by U. K. -based Peter McCormack, an “accidental Bitcoin and Cryptocurrency investor, miner, blogger and podcaster.

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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.

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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.

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