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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. дальше »
2020-2-22 09:05 | |
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Morgan Stanley Buys E*Trade In $13B Deal, Broker Was Looking to Offer Crypto Trading
Morgan Stanley confirmed Thursday that the investment banking giant is buying E*Trade Financial Corp. in a $13 billion deal, reported the Wall Street Journal. This deal marks the biggest takeover by a major US bank since the 2008 crisis. дальше »
2020-2-20 18:38 | |
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Swiss Private Banking Giant Julius Baer Adds Digital Asset Trading And Crypto Custody Services
The major Swiss wealth management and private banking group Julius Baer just launched, in partnership with Seba, its new custodial and trading cryptocurrency services. The announcement was made on January 21, after the minority equity stake acquisition from 2018 and the partnership closed with Seba Bank AG, which happened back in February 2019. According to […] дальше »
2020-1-27 20:59 | |
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Bitcoin Only Getting Cheaper as Whale Moves Another $450M for Just $0.25
A major player in the cryptocurrency market just transferred 51,511 BTC worth around $445M. The total fees cost them only a quarter. Bitcoin is often criticized for being too expensive, but recent transactions prove that the leading cryptocurrency is still far more affordable than retail banking. дальше »
2020-1-20 16:37 | |
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Alt-Banking Has Arrived, Tap Into The Future
The Tap app has officially launched, and its revolutionising the way we bank. Enter Alt-banking, Tap seamlessly connects crypto exchanges with modern banking facilities. On the app you can access multiple major exchanges when buying or selling fiat and cryptocurrencies . дальше »
2020-1-16 10:07 | |
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Brazilian Bank Threatens to Close Crypto Exchanges’ Accounts
Crypto exchanges in Brazil may soon lose banking support as a major commercial bank has refused to abide by an agreement preventing the closure of cryptocurrency exchange accounts. Across Latin America, crypto trading platforms continue to experience difficulties maintaining banking relationships. дальше »
2020-1-10 03:00 | |
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XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking
Ripple-powered XRPL Labs has been working on tech to simplify payments for not only major financial institutions, but also the crypto-community. One such XRPL Labs developer is Wietse Wind, the creator of XRP TipBot, who has been regularly talking about XRPL-bridged back accounts for users to hold, send and receive EUR on XRP ledger, ILP, […] The post XRPL Labs introduces XUMM in an attempt to replace traditional banking with decentralized banking appeared first on AMBCrypto. дальше »
2019-7-10 17:00 | |
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Brazilian Bank Bradesco Looks to Release Custom Blockchain to Break Traditional Finance Barriers
The vice president of Bradesco, the largest Brazilian bank, has recently affirmed that all the major Brazilian banks will start to use a unique blockchain platform soon. The announcement was made today, June 11, during the CIAB Febraban, a major banking and fintech event in the region. According to Mauricio Minas, the blockchain has a […] дальше »
2019-6-12 01:17 | |
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Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain
Consultancy firm McKinsey has argued that blockchain is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment
дальше »2019-6-8 13:27 | |
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World’s Major Banking Giants Invest $63M into the New Digital Token
Coinspeaker World’s Major Banking Giants Invest $63M into the New Digital TokenGlobal banking giants including Barclays from Europe, Credit Suisse, UBS, and MUFG Bank, together announce the Utility Settlement Coin (USC) cryptocurrency to leverage instant cross-border settlements at reduced costs. дальше »
2019-6-4 06:34 | |
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UBS Group AG-led banks to launch blockchain-based platform USC token to facilitate cross-border trading
Blockchain Technology, along with the idea of digital assets, has caught the attention of several major economic institutions. According to the Wall Street Journal, 14 major financial firms, including the likes of Barclays, Nasdaq, Credit Suisse Group, Banco Santander, ING, and Lloyds Banking Group, led by UBS group AG, have decided to come together to launch […] The post UBS Group AG-led banks to launch blockchain-based platform USC token to facilitate cross-border trading appeared first on AMBCrypto. дальше »
2019-6-4 19:15 | |
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Stablecoin Cryptocurrencies: Another Look at the Good, Bad and Ugly of Fiat Tokens
Another Look at Stablecoins When cryptocurrencies like Bitcoin were first hitting the digital world from their respective white papers, we were residing in a time of financial turmoil. With the financial crash of 2008/9 destroying (for many) the trust of the people in major banking institutions. дальше »
2019-6-3 09:15 | |
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Op Ed: Lightning Network Consensus Is a Marketplace and That’s Okay!
To Bitcoin or Not to BitcoinDuring the “scaling debate” before the SegWit2X user-activated soft fork (UASF), Bitcoin businesses were getting their first bitter taste of Bitcoin’s censorship resistance. дальше »
2019-5-21 21:10 | |
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Iran’s First Ever Bitcoin ATM Unveiled in Tehran
On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran. дальше »
2019-4-27 21:31 | |
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Groundbreaking Chase Bank Lawsuit Verdict Could See NY Federal Judge Rule ‘Crypto is Cash’
By CCN. com: A Manhattan federal judge will have to decide whether crypto is cash in what would be a landmark decision for the budding industry. The ruling would have major implications for what laws and regulations cryptocurrencies are subject to. дальше »
2019-4-26 09:08 | |
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Cashaa Now Accepts Debit, Credit Cards for Crypto Purchases
Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaa’s own token, CAS, using major credit and debit cards. This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. дальше »
2019-4-24 01:08 | |
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What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin
SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co. , Ltd. , officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. дальше »
2019-3-23 20:45 | |
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Wealth Management Software Firm Avaloq Joins Enterprise Ethereum Alliance
Banking technology firm Avaloq has joined the Enterprise Ethereum Alliance (EEA). The EEA is a global non-profit consortium of companies hailing from several major industries, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance. дальше »
2019-3-19 20:52 | |
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Wells Fargo CEO ‘Earns’ Major Raise as Bank Racks up Billions in Fines
The day after his Tuesday appearance on Capitol Hill to answer questions from the House Financial Services Committee, banking empire Wells Fargo disclosed it would be giving the company’s CEO, Tim Sloan, a 5 percent raise for 2018. дальше »
2019-3-14 20:41 | |
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Proposed Texas Bill Would Require ID Verification for Crypto Use
A bill proposed by the Texas legislature will require that all receivers of cryptocurrency in regular transactions verify the identity of the cryptocurrency sender before accepting any payment. дальше »
2019-3-12 01:04 | |
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Indian Crypto Exchange Wazirx Taking Auto-Matching P2P Services Global
Cryptocurrency exchange Wazirx is expanding globally. “While India has a banking ban,” the CEO of the exchange told news. Bitcoin. com, “we realized there’s banking trouble in a lot more countries. дальше »
2019-3-11 14:25 | |
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Major Online Swiss Bank Integrates Bitcoin Custody, Boost in Institutionalization
Buckle up, the institutionalization of bitcoin and crypto, in general, has begun. Swissquote, a $618 million worth online banking group, announced Friday that it is partnering with Zug-based Crypto Storage to enable cryptocurrency custodial services on its platform. дальше »
2019-3-10 12:04 | |
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PAOcard: Legit Blockchain Banking Cryptocurrency Debit Card?
What Is PAOcard? Created by the People Allocate One Card International Group Co. Limited based in Hong Kong, PAOcard is a next generation banking service that combines the traditional currencies with all the major cryptocurrencies. дальше »
2019-3-5 12:57 | |
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Swiss Private Bank Julius Baer Partners With SEBA Crypto AG To Offer Crypto Services
Swiss Bank Julius Baer Partners With SEBA Crypto AG To Offer Crypto Services A major bank has just decided to offer crypto services for its clients. The Swiss private bank Julius Baer has started a new partnership with SEBA Crypto AG, a Swiss crypto startup focused on banking solutions. The partnership was announced today and […] дальше »
2019-2-27 22:10 | |
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Wyoming Passes New Friendly Regulations for Crypto Assets
The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets. дальше »
2019-2-15 22:18 | |
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Ripple Further Expands Its Partner Network Adding Major UAE Payments Company Finablr
CoinSpeaker Ripple Further Expands Its Partner Network Adding Major UAE Payments Company Finablr Putting aside SWIFT’s rough criticism over the next generation banking payment system, RippleNet, the company behind the legendary remittance technology steadily expands its partnership network teaming with innovative fintech upstarts. дальше »
2019-2-12 22:06 | |
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Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief
The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat. дальше »
2019-2-6 10:15 | |
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Major Dutch bank bets on NY blockchain firm with 5-year deal
Dutch multi-national banking giant ING has signed a five-year deal with a blockchain services firm to roll out distributed ledger tech into a range of business areas ING will join forces with R3 to obtain an unlimited number of licenses for its commercial (read: private permissioned) blockchain platforms Corda Enterprise platform and CorDapps. дальше »
2019-1-22 17:39 | |
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Vontobel, Major Private Swiss Bank, Offers Institutional Clients Regulated Crypto Custody
One of Switzerland’s major private banking firms, Vontobel, is offering regulated cryptocurrency custody services to institutional clients such as… The post Vontobel, Major Private Swiss Bank, Offers Institutional Clients Regulated Crypto Custody appeared first on Invest In Blockchain. дальше »
2019-1-15 04:58 | |
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Canada’s First All-Crypto Legal Firm Opens Its Doors to Global Clientele
Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses. дальше »
2019-1-11 21:17 | |
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European Banking Authority Says Crypto Asset Activity Is Still Too Small to Affect Financial Stability
Cryptocurrency regulation is still a confusing issue at the moment. While some countries encourage crypto-related activities by enacting industry-friendly regulations, there are others that are a bit too stringent in their approach due to fears that unforeseen crypto industry problems – such as ICO scams or major market crashes – might spill over to the […] European Banking Authority Says Crypto Asset Activity Is Still Too Small to Affect Financial Stability was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com. дальше »
2019-1-12 13:59 | |
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European Banking Authority Says Crypto Asset Activity Is Still to Small to Affect Financial Stability
Cryptocurrency regulation is still a confusing issue at the moment. While some countries encourage crypto-related activities by enacting industry-friendly regulations, there are others that are a bit too stringent in their approach due to fears that unforeseen crypto industry problems – such as ICO scams or major market crashes – might spill over to the […] European Banking Authority Says Crypto Asset Activity Is Still to Small to Affect Financial Stability was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com. дальше »
2019-1-11 13:59 | |
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China Banking Body to Develop Multi-Use Blockchain Platform With Major Banks
China’s new interbank blockchain platform to be sponsored in part by the United Nations Development Bank
дальше »2019-1-5 21:07 | |
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Crypto Shrugs As JPMorgan Gets Schooled By SEC Yet Again
Crypto participants continue to admire the tenacity (and audacity) of the legacy banking industry, which has accumulated fines exceeding $243 billion over the last decade. In the latest instance of no-wrongdoing-admitted, two major Wall Street banks have received a one-two punch from regulators, agreeing to pay stiff fines for lapses in AML procedures and trading […] The post Crypto Shrugs As JPMorgan Gets Schooled By SEC Yet Again appeared first on Crypto Briefing. дальше »
2018-12-28 21:23 | |
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Major German Company Set to Launch a Hybrid Crypto Banking Platform
Boerse Stuttgart Group, a leading German stock exchange is set to launch a hybrid crypto trading banking platform. The post Major German Company Set to Launch a Hybrid Crypto Banking Platform appeared first on CoinCentral. дальше »
2018-12-20 01:07 | |
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Bahrain’s Central Bank Issues Draft Crypto Regulations
The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf. дальше »
2018-12-15 01:30 | |
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Coinbase CEO Predicts Virtual Reality To Be A Major Cryptocurrency Adoption Booster
Cryptocurrency To Gain Massive Adoption In VR, Coinbase CEO Predicts Innovations in cryptocurrency market will in the near future, challenge traditional banking and finance systems, and bring virtual reality to either change or oust the status quo in this area. дальше »
2018-12-9 23:32 | |
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Korea’s SymVerse Looks to Speed Up Blockchains, Enabling Seamless Transactions
When Bitcoin was first introduced as an alternative to the current banking setup, it was understood that many modifications and updates would be needed to make this idea a workable reality. In the decade since its inception, various issues have been identified and worked on. дальше »
2018-12-3 05:56 | |
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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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European Commission is launching blockchain association next year, major banks are already on board
The European Commission is launching a new blockchain association next year and major banks are invited to join it. BBVA, Spanish banking giant, announced that it and four other banks have joined the EC’s planned International Association for Trusted Blockchain Applications (IATBA), which could be a legal entity as early as first quarter of 2019. […] дальше »
2018-11-24 19:43 | |
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