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Walmart Blockchain To Improve Food Safety
When programmers first developed blockchain tech a decade ago, they were focused on creating new borderless money that could bypass banks and other third parties that were responsible for the Financial Crisis. дальше »
2018-10-23 23:47 | |
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Ripple xCurrent To Go Live At National Bank of Kuwait
The National Bank of Kuwait (NBK), one of the largest banks in the Middle East, could be about to go live with Ripple’s xCurrent payment solution in the coming weeks. A source familiar with the matter told Crypto Briefing in an email exchange that NBK had been actively preparing for its first transaction using xCurrent, a cross-border settlement service. дальше »
2018-10-22 19:09 | |
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Bank of Japan’s Deputy Governor Doubtful Over the Effectiveness of Cryptocurrencies
In theory, a Central bank cryptocurrency could help enhance a nation’s monetary policy by allowing Central Banks to charge interest on deposits of households and firms, encouraging people to spend rather than hoard their money. дальше »
2018-10-22 19:00 | |
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Nordea Bank Accused of Money Laundering After Banning Bitcoin For Being “Too Risky”
The Helsinki-based banking conglomerate, Nordea Bank, has allegedly accepted “criminal funds” from banks in Lithuania and Estonia, as reported by the Swedish Economic Crime Authority. Tied To The Rest Supposedly, this money is related to a separate laundering case that involved the Danske Bank in Denmark. дальше »
2018-10-23 17:50 | |
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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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$183 Million in Ethereum Moved With $0.06 Fee Instantaneously, Better Than Banks
A multi-million dollar worth of transaction that could have cost senders over $5 million in commissions on legacy systems was made with $0. 06 on Ethereum. The Ethereum block 6556384 went through 5080 confirmations and took over 19 hours to transfer more than $183,000,000 without having to go through expensive intermediaries. дальше »
2018-10-22 13:44 | |
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UK Bank NatWest to Leverage Blockchain Technology in Syndicated Loan Market
United Kingdom’s major commercial bank NatWest announced to leverage blockchain technology for the syndicated loan market, from the coming month. The technology will be introduced to effectively streamline communication between lenders and agent banks in the loan market sector. дальше »
2018-10-22 05:00 | |
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World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe
Europe’s top banks allegedly helped wealthy clients across the continent steal 55 billion euros ($63 billion) from multiple governments by making tax reclaims to which they were not entitled, an investigation has revealed. дальше »
2018-10-21 09:10 | |
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Irony: Major Nordic Bank Bans Bitcoin To Avoid Money Laundering Risks Then Gets Caught in Scandal
Irony: Major Nordic Bank Nordea Bans Bitcoin To Avoid Money Laundering Risks And Gets Caught For Money Laundering A very ironic situation has happened recently: Nordea, the largest bank in the Nordic countries, has been caught up in a major money laundering scheme. дальше »
2018-10-19 22:39 | |
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Sberbank’s CEO Says It Will Be 10 Years Before Governments Give Up Centralized Control
Sberbank’s CEO Says That Global Governments Will Be Waiting Another Ten Years Before They Allow Decentralized Systems In Anyone in the cryptocurrency industry has seen the way that traditional banks and institutions haven’t exactly welcomed them. дальше »
2018-10-19 22:26 | |
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Gemini Appoints Former Goldman Techie as Director of Business Development
The cryptocurrency sector, despite being looked down upon by Wall Street, is busy poaching head honchos from top banks and technology companies. Recently, New York based cryptocurrency exchange Gemini appointed Esther Babb as its new director of business development. дальше »
2018-10-19 15:44 | |
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Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering
Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank. дальше »
2018-10-19 14:00 | |
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UK Bank NatWest Adopts Blockchain for Syndicated Loans Market
National Westminster Bank (NatWest), a UK bank part of the the Royal Bank of Scotland, has announced its integration with a new blockchain-based platform to streamline communication between agent banks and lenders in the syndicated loans market. дальше »
2018-10-19 21:29 | |
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Long-Time Critic Explains Why Bitfinex is Unable to Work With Banks
Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services. дальше »
2018-10-18 18:00 | |
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NatWest to become world’s first bank to use blockchain for loan management
Even though blockchain was originally developed to replace conventional banks, it seems they might also have uses for the decentralized technology too. NatWest just announced in a press release that by next month, it’ll be the world’s first bank to use blockchain to manage syndicated loans. дальше »
2018-10-18 16:29 | |
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Germany’s DZ Bank AG is Exploring Blockchain Use with Ripple’s Interledger Protocol
DZ Bank AG Thinking Of Integrating Ripple Interledger Protocol Blockchain as a technology has been having a major breakthrough in 2018, especially in the banking sector. Some studies point out that with blockchain integration by the banks, will result in greater saving and faster transactions. дальше »
2018-10-16 19:00 | |
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ICO Roundups: The Biggest Trend In Crowdfunding [Infographic]
Initial coin offerings, commonly referred to as ICOs, are the newest trend in crowdfunding. They are mostly used by startup companies. The main reason why they use this revolutionary way of gathering money is that intermediaries such as venture capitalists, banks, and stock exchanges can be avoided. дальше »
2018-10-16 16:44 | |
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BlockFi Now Offers Litecoin and Gemini Stablecoin-Backed Loan Options
Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether. дальше »
2018-10-16 16:07 | |
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Barclays Shuts Down Cryptocurrency Trading Division Just Months After Launch
After introducing cryptocurrency trading services to well-received appreciation earlier 2018, financial services giant Barclays has reportedly shut down the desk without providing sufficient reason. дальше »
2018-10-16 10:00 | |
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Adhara Blockchain Startup Secures $15 Million to Bring DLT Privacy to Central Banks
Adhara Gets $15 Million Funding to Bring Blockchain Privacy to Central Banks Adhara, a blockchain startup has won $15 Million Funding from Consensys, the ethereum design studio to bring blockchain privacy to Central Banks. дальше »
2018-10-16 00:40 | |
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XRP Supports Claims That RippleNet Is a ‘Strong Alternative to SWIFT’
One of the primary use cases of cryptocurrencies and blockchains is to disrupt the existing banking network and create space for faster, hassle-free transactions. RippleNet is designed to offer these solutions, working in collaboration with banks and other financial institutions and improving their cross-border settlements. дальше »
2018-10-16 20:09 | |
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Barclays Puts Its Cryptocurrency Trading Project ‘On Ice’
London-based multinational investment bank agiant Barclays has reportedly halted work on its cryptocurrency trading project. Barclays Stops Cryptocurrency Trading Project One of the leading multinational investment banks Barclays has put its work on a cryptocurrency trading project to an end or “on ice,” Financial News London reports, citing two people familiar with the matter. дальше »
2018-10-16 20:00 | |
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American Express Subscribes to Ripple’s xCurrent Payment Solution
Ripple, a digital currency that uses blockchain technology for its payments solution, has gained traction in the financial services through its continuous introduction of new platforms. The most notable service offered by Ripple is the facilitation of cross-border transactions between banks and other financial institutions. дальше »
2018-10-15 19:08 | |
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Instant Fiat and Crypto Swaps – How some banks are bridging the gap for users- VICTORIEUM
Cryptocurrency runs on a blockchain technology which is a decentralized platform – unlike Traditional banking sectors. Cryptocurrencies are playing a huge role in day to day financial transactions but the traditional banks are imposing several rules and regulations that are stopping from fiat to cryptocurrency swapping and vice versa. дальше »
2018-10-15 16:22 | |
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Fincen Claims Iran Is Using Crypto to Evade Sanctions
The Financial Crimes Enforcement Network has warned U. S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. дальше »
2018-10-15 15:35 | |
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Research: Corporations struggle to scale their blockchain solutions
Research from financial market advisory firm Greenwich Associates has found corporations are struggling to deliver on their blockchain promises. Greenwich Associates interviewed 213 companies – that claim to be working on integrating blockchain or distributed ledger technology (DLT) into their business – to establish the challenges they face and why development has been slower than expected. дальше »
2018-10-15 13:50 | |
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Unocoin to Launch Crypto ATM in India Soon; BTC, XRP, and ETH Among Supported Coins
Indian cryptocurrency exchange Unocoin is launching the country’s first digital assets ATM, even as other nations grapple with stringent regulations and a ban on banks providing services to exchanges. дальше »
2018-10-14 18:00 | |
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Неизвестный криптоэнтузиаст нашёл пасхалку Сатоши Накамото
Анонимный сторонник криптовалют обнаружил пасхалку, спрятанную в генезис-блоке биткоина самим Сатоши Накамото. Многие знают, что в хеш первого блока Накамото добавил такой текст: «The Times 03/Jan/2009 Chancellor on brink of second bailout for banks». Теперь обнаружилось, что этот текст фактичес... дальше »
2018-10-13 16:23 | |
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Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps
Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history. дальше »
2018-10-13 15:46 | |
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Cryptocurrencies Take a Beating as Stocks Slump With Rising US–China Tensions
The stock markets are going through carnage on both sides of the Atlantic. Tensions between the US and China and concerns over a full-blown trade war between them are making central banks take precautionary measures. дальше »
2018-10-13 12:39 | |
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Blockchain or Banks: Which has a Better Security for Financial Transactions?
By now, it’s highly likely that most of us understand how Blockchain technology has dramatically changed and how the world operates considerably. The Blockchain system is an openly distributed digital ledger technology behind the cryptocurrency industry. дальше »
2018-10-13 04:24 | |
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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. дальше »
2018-10-13 23:34 | |
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Someone just found a 10-year-old Bitcoin easter egg
A keen-eyed cryptocurrency enthusiast has just discovered a neat ‘easter egg’ buried deep inside Bitcoin’s code, dating back to the birth of the blockchain. We all know Satoshi Nakamoto referenced the Times headline – Chancellor on brink of second bailout for banks – but it appears it actually happened twice. дальше »
2018-10-12 16:48 | |
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Bitcoin ETF Mover Is A Crucial Advantage
The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. дальше »
2018-10-12 12:00 | |
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Banking Giant Partnered With Ripple Goes Live With SWIFT Global Payments
The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments. дальше »
2018-10-12 11:30 | |
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Singapore’s financial regulator wants its banks and blockchains to be friends
Singapore’s financial regulator has revealed it will help local cryptocurrency firms set up traditional bank accounts, to help boost the country’s fintech economy. “What we are trying to do is to bring the banks and cryptocurrency fintech startups together to see if there is some understanding they can reach,” Monetary Authority of Singapore managing director Ravi Menon told Bloomberg. дальше »
2018-10-11 13:52 | |
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CrowdForce Partners With Huobi Crypto Exchange to Promote Financial Inclusion
CrowdForce Partners With Huobi Global to Promote Financial Inclusion We are all aware how the cryptocurrency industry continues to grow tremendously. That is the reason why CrowdForce has partnered with Huobi, a global leader in the cryptocurrency exchange based in Singapore. дальше »
2018-10-10 21:31 | |
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Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed
A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U. S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis. дальше »
2018-10-11 21:00 | |
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Monetary Authority of Singapore (MAS) to Empower Crypto Businesses with Bank Account Services
Singapore To Empower Crypto Startups With Banking Services Singapore’s central bank, the Monetary Authority of Singapore (MAS), has announced that it is working out modalities to empower crypto startups in the city to enable them render banking services or partner with banks. дальше »
2018-10-10 19:55 | |
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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin
GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY). дальше »
2018-10-10 02:10 | |
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WTO: Ripple Could Revolutionize International Business – Bitcoin, IOTA, And ETH Also Involved
Cryptocurrencies and the blockchain technology have disrupted the conservative global financial system and put banks on notice, but some banks have opted to go with the flow rather than get overtaken by the rapidly expanding influence of blockchain-based systems. дальше »
2018-10-10 23:11 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Bitcoin Stability A Sign Of A Bull Run?
The stability of Bitcoin has always been a bit shaky, however, over the past month or so, the leading crypto has been surprisingly… still. If you asked anyone earlier in the year why Bitcoin could never replace fiat currencies the first reason would most likely be due to its volatility and stability. дальше »
2018-10-9 15:30 | |
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