U.S. State Bank Closes Amid COVID-19 Market Recession. First Victim of Coronavirus?

2020-4-4 21:16

The U.S. Federal Deposit Insurance Corp has announced the closing of First State Bank of Barboursville. Reportedly, the bank has had problems since 2015.

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bank state announced 2015 problems closing corp

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China could soon open the doors to security token offerings (STOs)

A representative of the Bank of China affirmed that the country is preparing to allow security token offerings (STOs) within a strict regulatory framework. China to allow security token offerings (STOs) During the Financial Finance Technology Summit in Beijing, Weimin Guo, chief scientist of the Bank of China, expressed his views about the current state […] The post China could soon open the doors to security token offerings (STOs) appeared first on CryptoSlate.

2019-12-1 19:11


LocalBitcoins Purchases in Chinese Yuan Currency Reach an All-Time High

Analysts state that Chinese banks are struggling under the weight of their bad loans, and in response, the public is turning towards alternative payment methods such as bitcoin. Four banks have been quietly nationalized over the last few years, they are Baoshang Bank, Bank of Jinzhou, and Heng Feng bank. It’s possible that the economic […]

2019-11-3 18:36


State Bank of India (SBI) Chairman Calls for Cryptocurrency Regulation in the Country

Government Controlled Bank, State Bank of India (SBI) Chairman, Rajnish Kumar, Calls For Regulation of Cryptocurrencies in the Country. Speaking in an interview, Kumar highlighted the need to set up regulations on the cryptocurrency industry instead of the blanket ban currently enforced in the country. As the chairman to one of the largest banks in […]

2019-10-24 19:34


Глава крупнейшего банка Индии выступил за жесткое крипторегулирование

Регулирование цифровых активов в Индии должно быть максимально жестким, чтобы предотвратить их незаконное использование, считает председатель State Bank of India, одного из крупнейших банков в мире.

2019-10-24 13:25


Russia’s Central Bank dismisses any need to issue national cryptocurrency

While several countries are wading into the cryptocurrency industry by issuing CBDCs and releasing their own national cryptocurrencies, Russia has confirmed that it won’t be following suit. According to Russian state media, Elvira Nabiullina, Head of the Russian Central Bank, asserted at a recent event that the bank seems to find that there is no […] The post Russia’s Central Bank dismisses any need to issue national cryptocurrency appeared first on AMBCrypto.

2019-10-10 14:56


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Turkish Government Freezes Over 3 Million Bank Accounts

Hundreds of thousands of businesses and individuals with tax obligations to the Turkish state have received foreclosure notices this week informing them about their frozen bank accounts. The government of Turkey, which is struggling with financial and economic problems under geopolitical pressure, is likely to push even more of its citizens towards cryptocurrencies with the […] The post Turkish Government Freezes Over 3 Million Bank Accounts appeared first on Bitcoin News.

2019-10-6 22:00


China’s State Owned CMBI Partners With Nervos To Build Blockchain Based DeFi Apps

China Merchants Bank International (CMBI) has recently announced its entry into the blockchain ecosystem by partnering with Nervos, a layered blockchain network. Nervos Network was founded by the creators of Spark Pool, imToken, Cryptape and others, with experience in all aspects of blockchain ecosystems, including contributions to Bitcoin and Ethereum core protocols. It is backed […]

2019-10-4 16:31


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European Central Bank bigwig outlines why Facebook’s Libra isn’t real cryptocurrency

A representative of the European Central Bank (ECB) has slammed Facebook‘s quasi-cryptocurrency Libra, referring to its proposed ecosystem as a “siren call. ” Yves Mersch, Luxemborgian lawyer and ECB executive board member, even told attendees of the European System of Central Banks’ legal conference the Libra ecosystem will be “cartel-like.

2019-9-2 15:36


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Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math

Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a bid to quell their hand in upsetting Moscow politics.

2019-8-14 16:30


State Farm and USAA to Test Blockchain Technology to Automate Insurance Claims

As per an all new PR statement released by State Farm earlier today, the insurance giant along with military-affiliated bank United Services Automobile Association (USAA) is currently in the process of testing out a blockchain-based subrogation platform that will help both companies process their insurance claims in an automated, hassle-free manner. From a technical perspective, […]

2019-5-31 15:57