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Goldman Sachs CEO Kills the Rumor: ‘We Never Had Plans to Open a Crypto Desk’
Goldman Sachs is not opening an institutional crypto trading desk, despite rampant rumors suggesting otherwise. That’s what Goldman Sachs CEO David Solomon told the House Financial Services Committee this week. дальше »
2019-4-13 14:45 | |
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How this fintech company got Russia’s first banking license in 4 years
The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years. дальше »
2019-4-12 02:13 | |
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With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem
Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server). дальше »
2019-4-12 22:03 | |
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Bank CEOs Testified Before the US Congress Regarding Changes in the Banking Industry
CEOs of different recognized banks have testified before the US House of Representatives Financial Services Committee regarding how the banking industry has changed over the last 10 years. The meeting took place on April 10, and other topics such as digital currencies and blockchain technology have also been addressed. Since Bitcoin’s creation 10 years ago, […] дальше »
2019-4-11 20:13 | |
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JP Morgan, Mitsubishi UFJ Financial Group – what bank will launch stablecoin next?
For a long time, the banking community has been making intrigues against crypto. Invented horror stories about money laundering and the financing of terrorism. The futility of this chatter obviously forces bankers to look for their place in crypto. дальше »
2019-4-11 23:21 | |
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Is Coinbase’s Cryptocurrency Bank Forming Before Our Very Eyes? New Exchange Listings Say Yes
With All of Coinbase’s Listings, Is the Leading Bitcoin Exchange Becoming A Crypto Bank? The birth of Bitcoin happened in result to the actions of banks during the financial crisis over ten years ago. дальше »
2019-4-9 17:18 | |
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Western Union Inks Deal with Philippines-Based Crypto Wallet
Western Union continues to make strides in entering the crypto space. Its most recent move entails a partnership with a Philippines-based e-wallet provider. The lucky partner is Coins. ph, a blockchain-based financial services outfit whose mission includes helping people who do not have bank accounts. дальше »
2019-4-9 00:29 | |
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KTB, Shwebank and Everex receive Bank of Thailand approval for blockchain remittance
CryptoNinjas It was announced earlier this month that the Central bank governors of Thailand and Myanmar endorsed the “Krungthai and Shwe Remittance“ project, powered by blockchain based payment company Everex. дальше »
2019-4-9 21:31 | |
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Is Coinbase Becoming A Crypto Bank?
Bitcoin’s inception was a direct response to the banks which precipitated the financial crisis in 2007. These financial institutions issued high-risk sub-prime mortgages to individuals unable to make consistent monthly payments, used fractional reserve lending for extreme over-leverage, and facilitated a global crisis following the Lehman Brothers bankruptcy. дальше »
2019-4-9 21:26 | |
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HSBC Suspends Online Payment To Customer That Attempted Purchasing Bitcoin for Medical Cannabis
HSBC, the recognized bank and financial institution, decided to suspend an online payment made by one of its customers. The person wanted to purchase Bitcoin (BTC) that would be used to buy medical cannabis for his 70-year-old wife. дальше »
2019-4-8 19:26 | |
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AI Bank ICO
“When there is a need for emergency financial assistance, a loan or a microloan can help out with the current situation. However, what if a loan or a microloan will be provided via the blockchain technology with the lowest interest rate on the planet and in the shortest possible time for anyone who has access to the Internet?” – this is the main idea of our project. дальше »
2019-4-7 16:30 | |
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Crypto Exchange Petitioned for Defrauding Nigerians, They’re Scammers Says Co-founder
A Nigerian Non-Governmental Organization, United Global Resolve For Peace (UGRF), has petitioned the Central Bank of Nigeria (CBN), the Economic and Financial Crimes Commission (EFCC) and the Ministry of Foreign Affairs. дальше »
2019-4-7 15:32 | |
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Pakistan Introduces Crypto Regulation
The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions (EMI) regulations based on the recommendations of the Financial Action Task Force (FATF). дальше »
2019-4-2 01:33 | |
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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software
This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi. дальше »
2019-4-2 21:54 | |
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World Bank Praises Ripple and xRapid in a Recent Report, 40-70% Savings and Fast Fund Transfers
The World Bank (WB) seems to have a very positive view of Ripple’s xRapid product. In a recent article, Marc Nicoli, the World Bank’s senior financial sector specialist, said that xRapid could be a potentially transformational technology. дальше »
2019-4-1 13:39 | |
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Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’
Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately. Pakistan embraces digital currencies reluctantly Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported virtual currency transactions. дальше »
2019-4-1 12:04 | |
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Ripple: xRapid Appears on World Bank Official Website: “Pilot Saved 40%-70% In Foreign Exchange Costs” – A Step Closer To Mass Adoption?
It’s no news at this point that Ripple (XRP) is making headway with financial institutions around the world, as… The post Ripple: xRapid Appears on World Bank Official Website: “Pilot Saved 40%-70% In Foreign Exchange Costs” – A Step Closer To Mass Adoption? appeared first on Invest In Blockchain. дальше »
2019-4-1 08:46 | |
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Cryptocurrency-Friendly Financial Companies Start Operating in Russia and the United Kingdom
There are two firms from the United Kingdom and Russia that will be offering financial services to those operating in the crypto industry. They will be offering a wide range of services such as bank accounts or payments processing solutions. дальше »
2019-3-31 19:01 | |
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U.S. Bank Regions Financial Corporation Bans Customers from Purchasing Bitcoin
The Regions Financial Corporation bank has decided to ban its clients from buying digital assets. The bank explained that it reserves the right to return or decline to pay for items related to virtual currencies. дальше »
2019-3-31 01:29 | |
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[Not Surprisingly], a U.S. Bank Bans Customers From Buying Bitcoin
Regions Financial Corporation has barred its customers from purchasing cryptocurrencies such as bitcoin. The US-based bank and financial service clarified in its 2018 bank deposit agreement that it reserved the right to “return or decline to pay” for items related to “decentralized, non-fiat virtual currencies, cryptocurrency or another digital currency or money that relies on. дальше »
2019-3-30 17:19 | |
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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia
Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions. дальше »
2019-3-30 16:59 | |
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JPMorgan is hiring for more blockchain-related positions than any other financial firm, claims report
The mass adoption of cryptocurrencies and blockchain technology was made evident to the public when mainstream institutions ventured into the space and started using it to rebuild their financial structure. дальше »
2019-3-30 16:00 | |
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What Is DeFi and Where Does It Leave Bitcoin?
The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology. дальше »
2019-3-29 16:26 | |
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[Breaking] Federal Bank Becomes New Ripple Partner to Use XRP for Cross Border Remittance Payments
Federal Bank Ltd. In India Confirms Official Partnership With Ripple One of the most highly publicized developments to come from Ripple is the xRapid Network, which offers a connection between a wide selection of financial institutions. дальше »
2019-3-29 08:17 | |
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Crypto-Stealing Gustuff Trojan Unmasks Alarming Banking Vulnerabilities
The darknet has a new soldier in the form Gustuff, a new Android trojan that has targeted over 125 cryptocurrency and banking apps. Gustuff has been in existence since April 2018 and stands with Anubis, Red Alert, and BankBot as one of the deadliest threats to the financial space. дальше »
2019-3-29 01:00 | |
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LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC
The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. дальше »
2019-3-28 18:00 | |
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Sportcash One ICO
Our project is a Platform for the Sports Industry with safe transactions secured by a blockchain system. Our project will be built on the Waves Platform, will be named Sportcash One, and we will be using 2 tokens, an SCOne Utility Token to purchase real world and digital goods directly through the platform and a Diamond Token that will reward our users for promoting, using and sharing our token economy and social media platform. дальше »
2019-3-28 10:35 | |
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BOA Tech Chief Says Blockchain Technology May Amount to Nothing
Cathy P. Bessant, chief operations and technology officer at the Bank of America (BOA), a multinational investment bank and financial services firm, has opined that blockchain technology has no significant use case in finance and could amount to nothing in the near future, reports CNBC on March 25, 2019. Bessant Not Confident in DLT DespiteRead More дальше »
2019-3-28 02:00 | |
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Anti-Bitcoin Banks Paid Over $243 Billion in Fines Since the Financial Crisis
Banks are quick to label Bitcoin the money of criminals. But banks fines since the financial crisis have totaled over $243 billion. Bitcoin fines? Zero. Isn’t it time for society to open its eyes? Banks Don’t Want to Work with Cryptocurrency Companies I tried to make a small purchase from a well-known cryptocurrency exchange earlier this week. дальше »
2019-3-28 01:00 | |
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Most Powerful Woman in Banking Bearish on Blockchain, But Amassing More Patents Than Anyone
2018’s most powerful woman in banking, Cathy Bessant, is admittedly bearish on distributed-ledger technology — despite the fact that the company for which she is the tech and operations chief, Bank of America (BofA), has the most blockchain patents in the financial services industry. дальше »
2019-3-27 17:00 | |
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Bank of America Tech Chief Is Bearish on Blockchain Despite the Bank’s High Number of Blockchain-related Patents
Bank of America (BofA), a U. S. investment bank with offices in London, Toronto, Hong Kong, and more has spent the last five years working on how the world of finance can adopt blockchain technology. дальше »
2019-3-27 14:59 | |
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Bitcoin Critic Warns Central Banks Against Issuing Digital Tokens
One of the most vocal Bitcoin critics has cautioned central banks against issuing their own digital currencies, claiming that they are a threat to financial stability and monetary policy-making, as reported by Bloomberg on March 22. дальше »
2019-3-25 15:59 | |
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PwC Partner: Central Bank Digital Currencies Need to Be Stress-Tested by Big Companies
Pauline Adam Kalfon, a blockchain and financial services partner at PwC France, explained that central banks may start to accept the idea of issuing their own digital currency once big companies have stress-tested the technology, as noted on Forbes on March 22, 2019. дальше »
2019-3-25 12:00 | |
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Australian Bank ANZ Still Doesn’t Understand Blockchain Technology
The Australia and New Zealand Banking Group Limited (ANZ) has thrown some serious shade at distributed ledger technology — commonly referred to as ‘the blockchain. ’ According to the third-largest bank by market capitalization in Australia, legacy financial institutions aren’t exactly under immediate threat from the trustless transactions introduced by Bitcoin (BTC) and its creator, Satoshi Nakamoto. дальше »
2019-3-25 04:00 | |
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Bitcoin Basher Agustin Carstens Rails Against Central Bank Crypto Projects
Agustin Carstens, Bank for International Settlements (BIS) general manager and a noted bitcoin critic, has said that the launch of central bank-backed crypto assets could undermine financial stability. дальше »
2019-3-24 22:15 | |
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Mexico Central Bank Proposed Crypto Regulations Could Suffocate the Economy
The proposed law requires cryptocurrency exchanges to acquire a license to qualify as regulated financial institutions. However, once they obtain the permit, the same law forbids them to avail or list any crypto service, a catch 22-situation since practically there won’t be any legal cryptocurrency exchange in the country. дальше »
2019-3-24 14:00 | |
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BIS Bitcoin Basher Warns Central Banks for Undermining Financial Stability by Issuing Digital Tokens
“Bitcoin is a bubble, a Ponzi scheme, and an environmental disaster. ” If you're a crypto enthusiast, then you must be aware of the words. The critical words about bitcoin were made some time back by Agustin Carstens, general manager at the bank for International Settlements. дальше »
2019-3-23 04:58 | |
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Agustin Carstens: Banks Should Not Issue Digital Currencies
Should banks design their own cryptocurrencies? According to Agustin Carstens, general manager of the Bank for International Settlements, the answer is a definitive “no. ” Crypto Isn’t Cool? Carstens has never been a fan of crypto, having likening bitcoin to a “bubble,” a “Ponzi scheme” and an “environmental disaster” in the past. дальше »
2019-3-23 02:33 | |
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Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem
Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems. дальше »
2019-3-23 17:29 | |
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BinCoin ICO (BIN Token): Bank Independent Network for the Blockchain?
The Bank Independent Network is a new initiative that seeks to apply blockchain technology into the Banking and Finance industry in order to recreate a new financial era by replacing the current banking system. дальше »
2019-3-22 09:50 | |
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2GETHER ICO
2gether is developing the bank of the future, a future where; consumers take full ownership and control of the services they use, move beyond solely interacting with euros and dollars and fully embrace cryptocurrencies and digital assets, and augment their financial decisions through the use of exponential technologies like artificial intelligence, big data and blockchain. дальше »
2019-3-22 01:44 | |
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‘Bitcoin Bank’ Silvergate Says Crypto Client Base Climbed 122% in 2018
Silvergate Bank, which bills itself as the “leading provider of innovative financial infrastructure solutions and services to participants in the digital currency industry,” has disclosed in a preliminary prospectus filed with the U. дальше »
2019-3-21 00:30 | |
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Crypto-Friendly Silvergate Bank On-boards 59 New Crypto Clients
Silvergate Bank has for the first time named a few of her clients in an SEC filing. The bank had remained supportive of crypto-related businesses at a time when other financial institutions turned their backs. дальше »
2019-3-21 20:00 | |
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Despite Reeling in Nearly 60 New Clients, Silvergate Bank Loses 8% in Deposits
The cryptocurrency business in the United States does not have a lot of traditional financial institutions on their side yet, but Silvergate Bank is among the few. They have managed to add 59 new cryptocurrency clients in the fourth quarter last year. дальше »
2019-3-20 13:13 | |
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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. дальше »
2019-3-20 18:53 | |
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Central Banks Losing Control Over Markets? Europe’s Leading Policy Makers Throw in the Towel
The economic condition of Europe has been so dire that European Central Bank (ECB) had already reversed its monetary policy as admitted by ECB last week. Just recently we also reported how the chief economist of ECB shared that they create money out of thin air. дальше »
2019-3-16 02:21 | |
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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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