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Singapore’s CIMB Group Bank Completes First Ever Blockchain Transaction Using iTrust
One of Asia’s largest investment banks, CIMB Group’s Singapore-based bank, CIMB Bank Berhad Singapore, settled its first ever transaction on blockchain technology on Oct. 17. According to a Yahoo Finance press release, the bank partnered with iTrust, a trade finance blockchain solution, to efficient, instant and transparent channels of global trade. The CEO of CIMB […] дальше »
2019-10-18 18:39 | |
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Huobi to Launch Fiat Platform with Lira-Tether Pairing in Turkey in Q4 2019
Coinspeaker Huobi to Launch Fiat Platform with Lira-Tether Pairing in Turkey in Q4 2019Huobi Global, hosting the Eurasia Blockchain Summit, announced its plans to partner with local banks to launch a fiat gateway in Turkey. дальше »
2019-10-18 16:28 | |
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Bitcoin Still a Safe Haven as Global Economic Storm Brews
Notwithstanding the Friday dump which has just sent bitcoin price back below $8k, the global economy is in a bigger mess and is set to deteriorate even further. Central banks are pumping cash back into their systems, interest rates are going negative, and GDP figures are falling. дальше »
2019-10-18 10:56 | |
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17 Trillion Reasons to Own Bitcoin, Starting with the Elephant in the Finance Market
According to the Bank for International Settlements report, the growing acceptance of negative interest rates has reached “vaguely troubling” levels. Investors have been now paying for the privilege of lending, support for which came from the top central banks including the US Federal Reserve, the ECB, and China’s PBOC that has the amount of bonds […] дальше »
2019-10-18 22:21 | |
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IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them
Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power. дальше »
2019-10-18 22:00 | |
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David Marcus, Nandan Nilekani talk cross-border payments and Libra
The latest International Monetary Fund (IMF) conference featured leaders from technology, banks, and regulators to discuss the trajectory of the fintech ecosystem. Leading the conversation was Facebook’s David Marcus, Head of Calibra, who highlighted the current constraints of the existing financial system. дальше »
2019-10-18 21:33 | |
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Over 8 Million Customers Affected as Major Outage Hits Australia’s Biggest Bank
The Commonwealth Bank, one of the “big four” Australian banks, has suffered a major outage that has left its more than eight million customers affected. Meanwhile, it is urging customers to be vigilant for scams. дальше »
2019-10-17 18:16 | |
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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges
The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra. дальше »
2019-10-17 13:44 | |
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Central Banks Have Three Options for Crypto Regulations, Says Official
French central banker Denis Beau discussed the options available to central banks vis-a-vis cryptocurrency regulations
дальше »2019-10-17 00:05 | |
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Seed of World ICO
Develop a comprehensive system of multiple investments aimed at the promotion and development of Agricultural, Livestock, Real Estate, Rural Tourism, Vineyards, Wineries and Special Products activities, among other businesses that will be developed with the passage of time in the Latin American region. дальше »
2019-10-16 12:33 | |
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FinTech experts from around the world, coming to Zagreb for the 2nd Shift Money Conference
The second edition of the FinTech Conference Shift Money will be held on 18th and 19th November 2019. in Lauba in Zagreb, Croatia. The focus of the conference will be on the future of money, which includes all changes and trends in the industry in which banks and other classic financial institutions have so far […] The post FinTech experts from around the world, coming to Zagreb for the 2nd Shift Money Conference appeared first on AMBCrypto. дальше »
2019-10-16 09:30 | |
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Swedish Central Bank Head: Facebook’s Libra Was A ‘Shake The Tree’ Event To Kick Start Reform
Sweden’s central bank chief has explained that Facebook’s Libra cryptocurrency should serve as a catalyst for central banks around the world to rethink their role and reform to incorporate the digital age. дальше »
2019-10-16 21:10 | |
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An overview of Facebook’s ‘cryptocurrency’ supporters — who’s in and who’s out
Facebook sent the world into a frenzy when it announced its intention to enter the payments space with the launch of its controversial ‘cryptocurrency‘ Libra earlier this year. Initially, Facebook said it had garnered support from 28 companies, including some of the world’s top financial and technology giants. дальше »
2019-10-15 19:46 | |
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Libra an ‘Important Catalytic Event,’ Says Swedish Central Bank Chief
The head of Sweden’s Riksbank says Facebook’s Libra is shaking central banks globally into action
дальше »2019-10-16 12:58 | |
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Italian Banking Association Uses Blockchain to Test Data Reconciliation Successfully
The banks from the Italian Banking Association (ABI) have processed a reconciliation of data from an entire activity of the year using the blockchain technology. According to the group’s press release, the tests were successful and proved that the technology could be very useful to local banks. During this first test, the group processed around […] дальше »
2019-10-15 00:46 | |
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Cost of Storing Bitcoin Increasing, Currently Estimated at 2.1% pa
There are a number of costs associated with using bitcoin and while it is still far cheaper than using traditional banks, they still need to be accounted for. Storage of the digital asset also has a cost and it has been rising. дальше »
2019-10-14 12:00 | |
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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR
Virtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. дальше »
2019-10-14 08:00 | |
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Banks are Feeling Threatened of Bitcoin and for Good Reason, Tim Draper
A new opportunity for a new currency Governments have to adapt to not control through currency Venture capital investor and Bitcoin bull Tim Draper currently in an interview shared how currencies today are based on faith in the government. дальше »
2019-10-14 20:41 | |
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Nick Szabo: Bitcoin Works Infinitely Better As A Medium of Exchange Than ‘Vaporware’ Libra
Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Libra Beleagured by Hawkish Regulators Libra set a goal to launch in early 2020, but regulatory disapproval and hawkish comments from central banks shook confidence in the project. дальше »
2019-10-12 15:00 | |
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5 Best Websites to Buy Ripple (XRP)
The top five cryptocurrencies by market cap need no introduction. And if you see, out of the top 5, Ripple, or the XRP, was the least talked about cryptocurrency for a very long time, because it is a cryptocurrency specifically designed for banks. дальше »
2019-10-11 21:11 | |
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Fed Market Manipulations Prove The Financial System’s Need For Decentralization
Over the last few weeks, the U. S. Federal Reserve has enacted policies that will have critical repercussions for the economy. These maneuvers cast a spotlight on the role of central and private banks, and provide an opportunity to think about how decentralized technologies can restore fairness to U. дальше »
2019-10-11 17:52 | |
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N26 Digital Bank Passes 1M Customers in France — What Does It Mean for Cryptocurrencies?
N26 recently hit the 1M customer milestone in France. The German ‘neo-bank’ is betting big on digital banking — an idea which overlaps with the promise of cryptocurrencies. The banking world is going digital. дальше »
2019-10-12 15:15 | |
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Relax, Wall Street Banks Agree Recession FUD Overblown
Recession worries seem to be at an all-time high. A barrage of media reports from major financial news outlets like CNBC, Bloomberg, and The Wall Street Journal have filled recent months with fear, uncertainty, and doubt (FUD). дальше »
2019-10-13 00:08 | |
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Vanguard Joins Nasdaq-backed Symbiont for Blockchain Platform for Currency Trades
Coinspeaker Vanguard Joins Nasdaq-backed Symbiont for Blockchain Platform for Currency TradesBy leveraging the blockchain-powered peer-to-peer trading for investors, Vanguard plans to allow asset managers to trade currencies without involving banks as intermediaries. дальше »
2019-10-10 12:51 | |
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“Bank for Banks” Working On Prototype Crypto Asset
BIS & SNB Working On Crypto Announced in a document published Tuesday, the Swiss National Bank and the Bank for International Settlements, the so-called “Bank for Banks”, are looking to begin work on a blockchain-based... дальше »
2019-10-10 07:52 | |
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Switzerland Central Bank and SIX Digital Exchange Eye Digital Currencies for Trade Settlements
Swiss National Bank (SNB), Switzerland’s central bank, together with Bank for International Settlements (BIS) are jointly exploring on how a central bank digital currency (CBDC) can be used to trade tokenized assets, the Block reports. дальше »
2019-10-10 22:20 | |
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Fintech Companies Tackle Financial Inclusion: Banks Fall Further Behind
Financial inclusion has always been one of the benefits of cryptocurrencies, promising to serve the unbanked and underbanked, those ignored by legacy institutions in both the west and in the developing world. дальше »
2019-10-9 18:59 | |
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Ripple’s XRP Price Analysis: XRP Price Still Jumps On Good Ripple Inc. News
So far, XRP has had a mixed year. Since the beginning of the year, XRP experienced a decent drop that saw its price fall nearly 44% in USD and 54% against BTC. There have been a couple of positive news around Ripple Inc and their new partnerships with banks (more on that below) which might be […]The post Ripple’s XRP Price Analysis: XRP Price Still Jumps On Good Ripple Inc. News appeared first on CaptainAltcoin. дальше »
2019-10-9 15:00 | |
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Top Banker Admits Fiat is Worthless, Is Bitcoin The Future of Money?
The former CEO of one of the top Swiss banks has criticized negative interest rates adding that it means money has become worthless. His comments come at a time when countries across the globe are feeling an economic squeeze and their central banks are resorting to drastic measures. дальше »
2019-10-10 14:00 | |
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Major German Coop Bank Passes Negative Interest Rates to Customers
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. дальше »
2019-10-9 10:40 | |
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French Investment Bank Bpifrance Joins ACINQ Blockchain Startup’s $8 Million Investment Round
A few years ago, most of us would probably never have believed that traditional banks would be investing in the blockchain technology. This is, however, what seems to be happening right now. Bpifrance, an important state-owned French investment bank, has recently participated in the investment of ACINQ, a Bitcoin Lightning startup that raised $8 million […] дальше »
2019-10-9 00:58 | |
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Tether more transparent than most banks: VanEck’s Gabor Gurbacs
Recently, Gabor Gurbacs, Director at the investment management firm VanEck, posted a tweet in support of the popular, but controversial stablecoin pegged to the U. S. Dollar, Tether. This tweet comes just one day after Tether became the subject of a class action lawsuit, one alleging that the stablecoin caused $1. дальше »
2019-10-9 00:30 | |
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Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. дальше »
2019-10-9 22:40 | |
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“Use Bitcoin”: Swiss Government Narcs on 3.1M Foreign Bank Accounts
The Swiss government shares info on 3. 1 million foreign Swiss bank accounts with 75 partner states. Handelszeitung, a German-language Swiss weekly newspaper, reported Monday that the financial surveillance comprises some 7,500 financial institutions in the country, including banks, trusts and insurance companies. дальше »
2019-10-8 20:00 | |
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Ripple exec reveals execution of 100,000 transactions in concert with Banco Santander
One of the world’s leading blockchain firms, Ripple’s payment technologies have been popular with many banks globally. One such bank is Banco Santander, which is one of the firm’s largest clients. дальше »
2019-10-8 19:30 | |
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Bitcoin Solves This: Hong Kong ATMs Out Of Cash And Panic Over Indian Banks
Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be. Naturally Bitcoin would be the answer if adoption was greater and volatility was lower but the pluses for decentralized money are growing. дальше »
2019-10-7 11:30 | |
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Bitcoin Demand To Further Rise In Hong Kong As ATMs Run Out Of Money
The violence in Hong Kong is escalating with each passing week. On Friday, the local government passed a martial law by banning to wear masks at public places. Local banks, that remained resilient in the face of mass protects have now taken a hit as well. дальше »
2019-10-6 18:46 | |
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Will Stablecoins Become the Go-To Option for Central Banks and Private Institutions?
Cryptocurrency adoption has seen a significant boost in 2019, where major financial institutions like Wells Fargo, JP Morgan, and ING have either tested their stablecoin or are pondering over launching one. дальше »
2019-10-6 00:16 | |
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Buy coins with USD on BitMart “Quick Exchange”, get up to 50% cash reward
BitMart, a premier global digital asset trading platform, recently launched its fiat channel – Quick Exchange. Users will now be able to buy coins with No funding fees along with their US bank accounts just in minutes. дальше »
2019-10-4 11:30 | |
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