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United States’ Provident Bank announces use of Bitfury’s analytics platform for ‘digital asset compliance’
Blockchain technology company, Bitfury, has announced its partnership with U. S-based Provident Bank, in an attempt to provide banking services to digital asset firms. In a recent blog post, the company revealed that the Provident Bank would use Bitfury’s Crystal blockchain analytics to monitor transactions, as well as power the recruiting procedures of a potential client. дальше »
2019-7-10 14:30 | |
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“We Are Not Replacing Swift”, Ripple’s Head of Global Banking, Marjan Delatinne Affirms
The recently concluded blockchain summit in London had more than a few people in attendance with over 100 speakers. There were representatives from some of the world’s biggest firms including Citibank, Maersk, FedEx, IBM, Hyperledger and so on who all spoke on many issues regarding blockchain technology and its use as well as adoption. дальше »
2019-7-3 22:01 | |
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In an Open Letter to Prime Minister Modi, CoinRecoil’s Founder Doesn’t Hold Back
CoinRecoil, a defunct Indian cryptocurrency exchange, had earlier filed a writ petition against the RBI circular to ban crypto firms from using traditional banking services. Kunal Barchha, the co-founder of the exchange, wrote an open letter to Prime Minister Narendra Modi, detailing all of his concerns and frustration, as reported by INC42, June 30, 2019. дальше »
2019-7-2 19:00 | |
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RBI Crypto Banking Ban Shutters Another Indian Exchange
Indian crypto exchange Koinex announced it will be ceasing operations as a result of the Reserve Bank of India's ban on banks offering services to crypto-related firms.
дальше »2019-6-28 19:32 | |
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The Tezos Foundation brings in Roman Schnider, the co-creator of PricewaterhouseCooper
The Tezos Foundation recently announced that the co-creator of PricewaterhouseCooper (PwC) Switzerland’s Blockchain initiative will be joining the team to strengthen its operations in the country. дальше »
2019-6-14 08:20 | |
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African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses
We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa. дальше »
2019-6-13 13:41 | |
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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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Big banks are launching a blockchain trade platform powered by ‘Bitcoin-like’ token
The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token. дальше »
2019-6-3 13:22 | |
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European Crypto Firms Face Banking Struggles
Despite some banks touting dedicated crypto onboarding services, European cryptocurrency firms are struggling with an unfriendly banking sector and incredibly steep account fees.
дальше »2019-5-31 19:32 | |
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Maltese Crypto Businesses Eyeing Estonia and Swiss
Eman Pulis, the organizer of the Malta Blockchain Summit, has stated that while blockchain, cryptocurrency and artificial intelligence (AI)-related businesses are still finding it hard to secure banking services in the nation, Estonia and Swiss are fast attracting these firms, according to a Times of Malta report on May 12, 2019. дальше »
2019-5-14 09:00 | |
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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. дальше »
2019-5-13 16:37 | |
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Microsoft teams up with JP Morgan to shill enterprise blockchains
Microsoft and American bank JP Morgan are teaming up to make it easier to put enterprise businesses on the blockchain. Yesterday, Microsoft announced, that it’s partnered with the American banking giant to try to spearhead the adoption of JPM’s enterprise variant of the Ethereum blockchain, Quorum. дальше »
2019-5-3 12:20 | |
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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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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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JP Morgan Wants to Improve Efficiency in the Banking Payments System With Blockchain
JP Morgan Chase, a Wall Street financial giant with a mixed crypto history, has widened its use of blockchain technology intending to improve the flow of the payments system in the banking industry, states a report by The Financial Times on April 21. дальше »
2019-4-23 14:29 | |
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J.P. Morgan to Expand Its Blockchain Involvement and Launch Sandbox for Developers
The global banking giant intends to expand its use of the shared ledger technology, while inviting fintech firms to experiment with its DLT platform J. P. Morgan bank has been actively following the recent fintech trends. дальше »
2019-4-22 10:16 | |
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Blockchain and Crypto Firms in Malta Struggle to Find Banking Services
Blockchain and cryptocurrency firms are facing difficulties with opening bank accounts until they get their Malta Financial Services Authority (MFSA) license according to the Times of Malta report on March 1, 2019. дальше »
2019-3-5 13:00 | |
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Report: Blockchain and Crypto Firms in Malta Face Difficulty in Finding Banking Services
Banks are reportedly declining account applications from blockchain and crypto-related firms in Malta
дальше »2019-3-2 01:16 | |
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A New York Bank is Opening Accounts for Bermuda’s Crypto Startups
Cryptocurrency startups in Bermuda can now open bank accounts in New York. In a press release published Thursday, the Government of Bermuda announced that it is partnering with New York-based Signature Bank. дальше »
2019-3-2 16:03 | |
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QuadrigaCX and the Million Dollar Questions: What We Do and Don’t Know
QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him. дальше »
2019-2-26 22:21 | |
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Initium Blockchain-Based Corporate Banking Announces Token Sale Event
Initium Group, a future corporate banking group, focused on providing high-quality traditional banking services to firms in the crypto and blockchain space, has officially announced its official launch and upcoming token sale. дальше »
2019-2-15 22:02 | |
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Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors
A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation. дальше »
2019-2-15 01:45 | |
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QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash
For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc. дальше »
2019-2-15 20:28 | |
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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. дальше »
2019-2-2 15:30 | |
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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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Ryuk ransomware earns hackers $3.7M in Bitcoin over 5 months
A squad of cybersecurity firms have tracked a ransomware threat spreading across the internet known as Ryuk, which has collected over 705 BTC in just five months, estimated to be worth the equivalent of $3. дальше »
2019-1-14 14:13 | |
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Altcoin Daily Preview: Stellar Lumens—IBM Partnership Indispensable as IOTA Reveal Alpha and Omega, Path to Decentralization
Latest Stellar Lumens News Thing is, if implemented properly, Blockchain will disrupt businesses, governance systems and even value exchanges. Aside from supply chain management, blockchain is definitely shaping for the banking industry. дальше »
2018-12-14 15:15 | |
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Bitwala Is Offering German Citizens Joint Crypto and Fiat Banking Accounts
German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users. дальше »
2018-12-13 22:32 | |
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Cryptocurrency Firms Now Licensed Under Updated Banking Regulations in Switzerland
Swiss FINMA recently introduced new guidelines for companies, including blockchain and cryptocurrency-based firms interested in the new FinTech license. Details of the Guidelines Switzerland’s financial regulatory body, the Financial Market Supervisory Authority (FINMA), recently published a set of guidelines for the procurement of the new FinTech License. дальше »
2018-12-5 12:41 | |
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Ripple’s CEO Believes That the Blockchain Startup May Topple the Swift Banking Network
Ripple, a global payments network is currently in the process of expanding as they onboard new customers and financial firms. According to Bloomberg’s article published on November 15, 2018, Ripple’s popularity with financial institutions may one day overtake the Society for Worldwide Interbank Financial Telecommunication (SWIFT) banking network, as the blockchain-based company uses newer and […] Ripple’s CEO Believes That the Blockchain Startup May Topple the Swift Banking Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News. дальше »
2018-11-15 17:29 | |
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Ripple Wants to Take over Swift as Iran Gets Disconnected from The Service
After the U. S. government forced Swift to cut ties with more than 70 banks in Iran, Brad Garlinghouse, the CEO of Ripple Labs Inc. , said that his company was gaining new customers because financial firms are seeking technology that is better, faster, and more stable than the Swift banking network, Bloomberg reported on November 13, 2018. дальше »
2018-11-15 00:00 | |
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New Report Reveals Bitfinex’s and Other Crypto Exchanges’ Banking Partners
The Block has published a new report detailing where some of the world’s largest cryptocurrency firms house their holdings. The report specifically notes interesting trends happening with cryptocurrency exchange Bitfinex, whose financial practices have been the subject of controversy this year. дальше »
2018-10-26 20:54 | |
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Fintech Firms Are Taking Business Away From Banks: Study
Management guru Peter Drucker has a simple definition for business: “It’s other people’s money. ” And when it comes to their wallets, apparently more people around the world are having less confidence in traditional banks. дальше »
2018-10-22 17:35 | |
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Fidelity Unveils New Institutional-Grade Cryptocurrency Investment Service
Fidelity Investments has launched a new business to allow its institutional clients to trade in digital currencies such as bitcoin, a press release reveals. Known as Fidelity Digital Asset Services, LLC, the company will purchase and sell cryptocurrencies for family offices, hedge funds and other monetary ventures. дальше »
2018-10-16 22:22 | |
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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. дальше »
2018-10-10 23:38 | |
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Ugandan Authorities to Develop Blockchain-Based Renewable Energy Economy
After helping Ugandans to become their banks and seamlessly carry out daily financial transactions like purchasing mobile airtime, paying electricity bills and more, without having to pay exorbitant banking fees, the creators of DALA, an Ethereum-based ERC-20 token, are now partnering with the Ugandan government and other local firms to develop a blockchain-powered renewable energy economy, reported TechCrunch on October. дальше »
2018-10-4 11:00 | |
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Singapore’s Central Bank Partners With Nasdaq, Deloitte on Settling Tokenized Assets
Singapore’s Monetary Authority of Singapore (MAS), the country’s central banking institution, has teamed up with major firms. The project hopes to develop solutions for the exchange and settlement of tokenized digital currencies, as well as securities assets. дальше »
2018-8-25 07:00 | |
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Coinbase puts former banking exec in charge of global compliance
Perhaps feeling pressure from worldwide regulators, international cryptocurrency exchange Coinbase has finally resorted to arming itself with a chief compliance officer, Reuters reports. They’ve put Jeff Horowitz in charge of keeping Coinbase in line as it continues its global expansion. дальше »
2018-7-31 18:15 | |
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“Eating Their Lunch:” Blockchain Upstarts Challenge Investment Banks
Access to personal financial data and the emergence of blockchain technology have been the catalyst for a revolution in the banking sector. At the start of this year, banks within the European Union were ordered by the Competition and Markets Authority (CMA) to grant customers access to their personal data. дальше »
2018-7-31 20:42 | |
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Supreme Court of India delays Crypto Banking Ban Hearing to September
A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now. A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments дальше »
2018-7-21 00:07 | |
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India's Supreme Court Pushes Crypto Banking Ban Hearing to September
A Supreme Court decision on the Reserve Bank of India's efforts to bar crypto firms from receiving banking services has been pushed to September. дальше »
2018-7-20 19:30 | |
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Powerful Cryptocurrency Firms on the Road Towards Becoming Banks
When bitcoin came out, supporters believed that the decentralized cryptocurrency would decimate the banking industry. Years later, as digital currencies became more mainstream, these networks were suddenly commanding billion dollar valuations. дальше »
2018-7-18 20:30 | |
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SolarisBank Extends its Retail Banking Services to Cryptocurrency Firms
Financial institutions around the world have shown an appetite for cryptocurrency services, though launching those features has been delayed somewhat. SolarisBank, one of Germany’s fintech firms with a banking license, is planning to introduce cryptocurrency banking solutions. дальше »
2018-7-11 19:00 | |
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India’s Cryptocurrency Banking Ban May Be a Bust
After much waiting and speculation on the July 5 deadline, India may forgo banning investment in cryptocurrency after all. Indian Ban May Be a Bust The three-month time span from the Reserve Bank of India’s initial announcement that all RBI regulated entities must cease any crypto related activities, including both individuals and firms, was filled with speculation. дальше »
2018-7-11 15:00 | |
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