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Ethereum [ETH] based game ‘FOMO 3D’ makes a splash, branded ‘Bitconnect 2.0’
On 21st July, users in the cryptocurrency world woke up to a startling development: an Ethereum-based gambling game where users could buy a ‘key’ and hope to be the lucky winner who wins all the Ethereum tokens in the pot. дальше »
2018-7-24 22:15 | |
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A study on issues of competition in fintech, commissioned by the European Parliament Committee on Economic and Monetary Affairs was published July 20. It found that central bank-issued digital currencies could be a “remedy” for a lack of
Europen Union Study shows central banks coming together with their own digital currencies, i.e., CBDCs could mean an end of the journey for the decentralized digital tokens. Bitcoin has been struggling for quite some time for its mainstream adoption, as crypto investors and enthusiasts are waiting for developers to bring a robust scalability solution. On дальше »
2018-7-23 18:43 | |
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A New EU Report Suggests Banks Could Indulge in Financial Misconduct to Stay Away From Cryptos
A new report from an EU department shows that all is not well in the fintech sector as competition intensifies between traditional finance and crypto finance. The report prepared by the Police Department for Economic, Scientific, and Quality of Life Policies on the recommendation of the European Parliament Committee on Economic and Monetary Affairs (ECON). дальше »
2018-7-23 17:19 | |
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The Bank Of England Could Use Bitcoin To Toughen Up The Banks Defences
Whilst The Bank of England continue to explore the potential behind blockchain technology and cryptocurrency, as a part of the UK Crypto taskforce, we wish to explore some of the implications this sort of technology could have for The Bank of England specifically. дальше »
2018-7-23 17:00 | |
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EU Study: Central Bank Digital Currencies Will Reshape Crypto Markets And Limit Competiton
Europen Union Study shows central banks coming together with their own digital currencies, i.e., CBDCs could mean an end of the journey for the decentralized digital tokens. The post EU Study: Central Bank Digital Currencies Will Reshape Crypto Markets And Limit Competiton appeared first on CoinSpeaker. дальше »
2018-7-23 16:26 | |
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Europe’s ECON Committee Study Shows Banks View Bitcoin As Competition In FinTech
Banks Could Be Engaging in Misconducts In Order to Take Advantage and Keep Users from Bitcoin According to a report published by the European Parliament Committee on Economic and Monetary Affairs (ECON), there are some competition issues in the banking and cryptocurrency sectors. дальше »
2018-7-23 11:21 | |
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JPMorgan Chase Scores Another Bitcoin Technology Patent
Banks have shown a keen interest in Bitcoin technology over the years. Various patents have been filed by these financial institutions to explore new potential business use cases. JPMorgan was recently awarded a patent which could allow the bank to issue blockchain-based virtual depository receipts. дальше »
2018-7-22 02:00 | |
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India Has Become More Optimistic in Crypto as Big Companies Challenge Court
Crypto companies were heard in India today as they told the supreme court that the ban on banks interacting with cryptocurrencies is illegal. The global community has placed widespread pressure on the courts to stop the ban, as crypto exchanges have threatened to take their business elsewhere. дальше »
2018-7-21 16:00 | |
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How The Most Valuable Crypto Companies Could Become Blockchain-Based Banks
Giant Cryptocurrency Firms Take A Leap, Possibly Establishing Banks? The notion of cryptocurrencies first stemmed in 2013 through the first ever digital currency, Bitcoin. While it took some time to get used to hearing “Bitcoin”, which to this day is somewhat problematic, between the years 2017 and 2018, more consumers have become cryptocurrency investors. With […] дальше »
2018-7-19 14:47 | |
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MasterCard Apply Patent For Bitcoin Transactions
As the world of cryptocurrencies constantly evolves and changes, traditional institutions, such as banks, are trying to keep up with the crowd. Mastercard was able to receive a patent which allowed users to manage ‘fractional reserves of blockchain currency’. дальше »
2018-7-19 13:30 | |
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FSB Look Into Volatility Threats Posed By Bitcoin
The Financial Stability Board (FSB) have recently stated they want to look into possible volatility threats posed by the likes of Bitcoin. The Switzerland-based Financial Stability Board stated on Monday that the digital currencies have raised concerns regarding the protection of users and the investors since there it little known about banks exposure to them. дальше »
2018-7-18 23:00 | |
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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar
Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U. дальше »
2018-7-18 22:00 | |
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Ripple (XRP) Might Still Make Big Gains This Year
Ripple (XRP) had a catastrophic year so far. In late 2017 when Ripple (XRP) became so popular that it passed Ethereum (ETH) in market cap briefly and became a direct Bitcoin (BTC) competitor, Ripple (XRP) fans on most platforms were talking about how Ripple (XRP) could become the top cryptocurrency. дальше »
2018-7-13 22:30 | |
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The End of Banks With Blockchain Supported Wallet: Ethereum co-creator
Following the creation of the blockchain hub for decentralized projects – Decentral, Anthony Di Iorio – co-founder of Ethereum, discussed how digital wallets that are blockchain supported could be the end for banks as you can be your own bank. дальше »
2018-7-13 23:33 | |
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The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin
As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name. дальше »
2018-7-13 17:16 | |
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Iran Could Become First Country Forced to Use Bitcoin
The significance of Bitcoin as a borderless and neutral money is becoming increasingly apparent as the U. S. is attempting to block Iran from accessing its bank account. The Money in Your Bank Account is Not Yours On Tuesday, U. дальше »
2018-7-12 02:00 | |
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Blockchain Could Transform Trade Finance and Customer Due Diligence: EU Report
Trade finance is a complex and tedious process that involves a large number of participants. With the risks involved being quite high, especially in international trade finance, banks have stepped in to mitigate them through various products such as letters of credit and bank guarantees. дальше »
2018-7-7 01:00 | |
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Government of Bermuda Becomes a Crypto-friendly Nation With Their ICO Bill
The Bermuda Government, recently, passed a Digital Asset Business Act and an ICO Bill. The Government felt compelled to make changes to their Banking Act because they wanted to create a new class of banks that could work with emerging FinTech, cryptocurrency and blockchain startups. дальше »
2018-7-4 17:34 | |
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Indian Banks Chooses Ripple Over Other Cryptocurrencies
A recent analysis shows an increase of Ripple products; RippleNet, xCurrent and xRapid, being used among commercial banks in India since the city of Mumbai became home to the Ripple Inc. where they could service the needs of their customers to ensure smooth operations. дальше »
2018-6-29 19:55 | |
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U.K. Banks Warned to Be Careful With Cryptocurrencies
The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks. дальше »
2018-6-29 18:17 | |
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Indian Bank Kotak Mahindra Joins RippleNet, Foreign Remittances Could Be Key to Partnership
The Indian banking sector will get a blockchain boost as one of the most prominent private sector banks, Kotak Mahindra, has now joined the RippleNet. The bank will be working on Ripple’s xCurrent platform to settle cross-border payments. дальше »
2018-6-28 15:59 | |
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Is Ripple XRP About To Find A New Home In Dubai And Hit Burj Al Arab Heights?
Ripple XRP, the community led cryptocurrency and the birthchild of Ripple, could be about to find a new home in Dubai. Okay, this is obviously speculation based, but rumour has it, an event in Dubai, set for next week, has been set up to discuss the implications of Ripples xCurrent and RippleNet, across a 100-member network of banks. дальше »
2018-6-27 06:00 | |
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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. дальше »
2018-6-26 19:36 | |
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Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure
One of the largest crypto exchanges in India, ZebPay, announced that as of June 22, it could be stopping all withdrawals to fiat in Indian Rupee from its platform. This comes on the back of an April 5 declaration by the Indian government that all banks must stop acting as intermediaries between exchanges and their […] Indian Exchange ZebPay Stops Allowing Rupee Withdrawals; Broader Indian Crypto Ecosystem Under Pressure was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-6-23 14:28 | |
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INET: Credit Default Swaps Could Cause Another Economic Meltdown
Michael Greenberger says unregulated credit default swaps could take down the economy—and taxpayers—again In 2008 unregulated credit default swaps brought the economy to its knees. Ten years later, they may poised to do so again—unless policymakers reign in the big banks. дальше »
2018-6-22 11:27 | |
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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. дальше »
2018-6-21 23:05 | |
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Cryptocurrencies Could Make Banks Obsolete, Says Malta Bankers Association Head
As Malta cements its position as major cryptocurrency hub in the global landscape Marcel Cassar, the new Malta Bankers Association (MBA) Chairperson weighs in with his views on the sector. Cassar points to new technologies presenting opportunities in his interview with The Malta Independent, noting that Malta faces important tests including the first International Monetary Fund (IMF) Financial Sector Assessment Programme for Malta since 2003. дальше »
2018-6-19 11:00 | |
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Updated Edition of Blockchain Revolution Fills In Some Big Gaps
“When Blockchain Revolution came out, bitcoin was worth around $7 billion. Today, it’s more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships. дальше »
2018-6-19 22:15 | |
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The Central Banks’ Bank (BIS) Hates Bitcoin — Which is Reassuring
The Bank for International Settlements (BIS), a global “bank for central banks” based in Basel, Switzerland, has once more declared that cryptocurrencies are not only “not ready for prime time,” but could also “bring the Internet to a halt. дальше »
2018-6-18 14:00 | |
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Bitcoin Could Break The Internet
This week, the Bank of International Settlements (BIS), a membership group of over 60 of the worlds central banks, based in Switzerland have recently published a report that explores cryptocurrencies from both a financial and sociological/cultural perspective. дальше »
2018-6-18 13:30 | |
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Ripple To See A Positive Trend With This News
The company Ripple, which straddles the world of virtual currency and cross-border remittances, is left calm and collected by RBI’s (Reserve Bank of India’s) restriction on how banks carry out their dealings with cryptocurrencies. дальше »
2018-6-16 22:00 | |
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India's Central Bank Admits to Banning Crypto Accounts Without Research
]In a fresh new twist, the Reserve Bank of India (RBI) has admitted to issuing its ban on cryptocurrency-related accounts spontaneously, without taking time to study and understand how cryptocurrencies work. дальше »
2018-6-13 23:40 | |
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Using Ripple XRP To Purchase Consumer Data Could Benefit The Likes Of Amazon
David Schwartz, one of the original pioneers of Ripple XRP has very recently spoken at the 2018 MoneyConf, which see’s the combination of a number of the worlds leading banks and Fintech firms come together to discuss all things finance. дальше »
2018-6-13 17:00 | |
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SEC Chairman: Cryptocurrencies Like Bitcoin Are Not Securities, but Most ICOs Are
U. S. Securities and Exchange Commission (SEC) chairman Jay Clayton states that the SEC will not be bending the rules anytime soon when it comes to cryptocurrencies and that while bitcoin remains a commodity, all initial coin offering (ICO) tokens — or coins offered through a fundraising process — classify as securities. дальше »
2018-6-11 22:23 | |
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