2022-7-23 13:00 |
In its note to banking sector, a chief financial regulator likens virtual assets to online gambling.
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Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking sector.
2022-7-4 06:47 | |
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India’s banking and finance sector regulator, the Reserve Bank of India (RBI), has said that it plans to introduce a Central Bank Digital Currency (CBDC) in a graded manner. Also, the introduction of a CBDC needs to meet the objectives of India’s monetary policy, financial stability, and currency and payments systems, local media reports. The […]
2022-6-2 23:34 | |
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Coinbase Co-founder and CEO Brian Armstrong has said that “informal pressure” from the banking sector regulator led to the halting of his company’s trading services in India just within three days of its launch.
2022-5-13 17:58 | |
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Countries across Asia Pacific have become global leaders at delivering instant payments through digital banking solutions. Their experimentation and innovation around alternative payment rails to better facilitate both cross-border and domestic instant payments serves to bolster the region’s growing stature and leadership across the payments sector.
2022-3-16 21:16 | |
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Senator Elizabeth Warren in her recent submission to the US Senate Banking, Housing, and Urban Affairs Committee has urged regulators to place a lid on the burgeoning DeFi sector by paying more attention to stablecoins.
2021-12-17 00:00 | |
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Banking giants around the world are increasingly showing interest in emerging crypto and blockchain firms through participating in early and late-stage funding rounds for emerging firms in the sector.
2021-8-13 06:00 | |
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Bitcoin has been moving sideways as the rest of the crypto market, especially Ethereum and the DeFi sector, show strength. The first cryptocurrency by market cap needs to make a decisive move to break out of its current range but could face downside in the short term, some recent reports claim. Banking giant JP Morgan […]
2021-7-7 00:11 | |
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There is always a choice. The cryptocurrency industry has been built by the community of freedom-loving, tech-savvy people who wanted to make a tremendous impact on payments since the inception of the banking system.
2021-6-16 21:14 | |
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Billionaire entrepreneur Mark Cuban has been extremely bullish on decentralized finance (DeFi) and crypto protocols with a stark warning to the banking sector. The post Banks Should be Scared of DeFi Warns Mark Cuban appeared first on BeInCrypto.
2021-6-15 12:45 | |
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In recent weeks, Indian cryptocurrency firms and investors have faced problems facilitating transactions - something they say is due to the unwillingness of most commercial banks in the country to process crypto-related transactions.
2021-6-14 15:01 | |
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Tinkoff, a big player in Russia’s online banking sector, is struggling with the country’s staunch rules in their goal of offering crypto to their customers. The post Russia’s Largest Online Bank Runs Into Problems Offering Crypto appeared first on BeInCrypto.
2021-6-5 20:10 | |
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Ross Stevens also revealed that he had a meeting with the heads of three of the world’s largest central banks about Bitcoin and inflation. He believes that we could see a central bank adopting the bitcoin standard or purchasing BTC as a reserve asset in the next 12 months.
2021-5-23 16:26 | |
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2021-4-27 20:24 | |
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There is no room for doubt that the crypto world has grown exponentially but there are still gaps to be filled. People have got used to limited capabilities of accessing the full potential of their digital assets.
2021-4-22 19:23 | |
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A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says his organisation’s directive only applies to the banking sector. Prohibition Only Applies to […]
2021-3-21 16:45 | |
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With an integrated digital banking platform, TABANK, a Singapore-based crypto firm is leveraging blockchain technology to offer high quality and secure financial services solutions to a varied range of institutional as well as personal finance requirements in its One-Stop Crypto Ecosystem for All Needs Ecommerce, Wallet, Exchanges Crypto, Social network app. Also, the app is […]
2021-3-12 16:14 | |
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Nigeria’s central bank recently made headlines enforcing cryptocurrency restrictions on how the country’s banking sector works. Specifically, CBN reminded regulated financial institutions yesterday that a 2017 regulation prohibits them from facilitating cryptocurrency transactions or facilitating payments for exchanges.
2021-2-23 22:35 | |
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The DeFi sector of the crypto industry exploded in 2020, giving birth to countless new projects throughout the year. Many of these projects offered new decentralized banking solutions, while others went even beyond that.
2021-2-4 16:00 | |
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DeFi is the fastest growing sector of the crypto market, with over $29 billion worth of value locked into smart contracts. It expands functionality and the use cases of cryptocurrencies. DeFi participants also save time and money in costs that are usually associated with traditional banking processes.
2021-2-3 02:19 | |
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Banks joined the crypto conversation as bitcoin marched to $20,000. Here's a list of recent crypto developments in the banking sector.
2020-12-17 22:30 | |
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The banks are borderline following the playbook created by Bitcoin and cryptocurrency believers in the past few years: Deny all ties to the asset class at first, try to disallow clients from banking crypto profits to their accounts then, and wholeheartedly embracing the sector later.
2020-11-16 14:53 | |
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In 2020, the U. S. Federal Reserve has injected an enormous amount of U. S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak.
2020-11-14 23:00 | |
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According to the country's central bank governor, Riad Salameh, Lebanon is set to debut its own Central Bank Digital Currency (CBDC) in 2021. Bloomberg, which reported on this development, cited a Lebanese state-run News Agency, noting that the Mediterranean island plans to make the paradigm shift due to transitioning to cashless networks and restoring confidence […] The post Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector first appeared on BitcoinExchangeGuide.
2020-11-12 22:35 | |
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The Lebanese Central Bank plans to introduce a central bank digital currency by 2021 in a bid to restore confidence in the banking sector and move the economy to a cashless system. Major Development In a public announcement, the governor of the Lebanese central bank, Raid Salameh encouraged banks to plan on how to restructureRead MoreRead More.
2020-11-12 14:00 | |
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The Russian Government seems to frown at launching cryptocurrency custodial service in Switzerland. That’s why some of the private players in the banking sector depend on their subsidiaries to launch abroad.
2020-11-1 02:38 | |
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The Bayesian Group, the parent company behind Fabriik Qualified Custody, is upping the stakes in the race to deliver on the promise of frictionless financial...
2020-10-10 18:25 | |
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Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
2020-9-21 12:26 | |
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Cryptocurrency has become a buzz word for individuals looking to make a ton of money through speculation. However, it’s not just speculation for some people. Individuals and businesses in Latin America are turning to crypto to escape from the chaos associated with the banking sector.
2020-9-5 17:49 | |
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In 2020, we saw the Oracle of Omaha, Warren Buffett selling all his positions in banks that included; Goldman Sachs, JPMorgan Chase, Wells Fargo, and others. Given that the banking sector of Dow Jones, Nasdaq, and S&P 500, all three remain under losses, negative 35% returns YTD, it makes sense that even Buffett has jumped […]
2020-8-21 20:44 | |
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The recent approval of Bitcoin and other crypto-assets for custody in the US banking sector is one of the best news to happen to the crypto industry in 2020. However, pundits have stated that the move is selfish preservation on the part of banks, who are scared of the imminent disintegration of fiat currencies and […]
2020-7-24 20:54 | |
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A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
2020-6-6 23:56 | |
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Although blockchain technology is consistently touted as a force to reckon with in the traditionally heavyweight industries including finance and banking, the technology’s peculiar characteristics such as immutability, and safety, among others, make it an ideal fit for the social impact sector.
2020-5-29 18:07 | |
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The current struggles in the banking sector may last until 2025 according to the International Monetary Fund (IMF). According to an IMF report published on Friday, banks could continue to see red through 2025.
2020-5-23 17:20 | |
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American banking giant JP Morgan Chase has accepted two clients involved in the emerging bitcoin sector. U. S. cryptocurrency exchanges Coinbase and Gemini received account approvals after a long wait, according to the Wall Street Journal.
2020-5-12 15:02 | |
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The Industrial and Commercial Bank of China is the world’s largest lender by assets, and they’ve just released a crypto white paper
2020-4-22 00:56 | |
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The compromised reputation of the crypto industry is the main obstacle for the banking sector’s integration into the space
2020-2-29 17:08 | |
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Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry.
2020-2-26 08:45 | |
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Coinspeaker China Is Going to Develop Its Investment Banking Sector to Rival Wall StreetChina has shared its plans to merge 130 investment banks with an aim of buoying up the sector to rival Wall Street.
2019-12-24 16:50 | |
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During a time of increased competition from within the banking sector and fintech startups, DBS Group CEO and Director Piyush Gupta helped to usher in a period of digital transformation—bringing the financial institution to the forefront of global banking leadership.
2019-11-21 01:35 | |
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Ripple's aggressive marketing and partnership strategy, in addition to the banking sector, has branched out into other fields as well, with its University Blockchain Research Initiative (UBRI) aiming The post Kyoto University becomes Japan's first Uni to run XRPL validator appeared first on AMBCrypto.
2019-11-13 18:30 | |
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India’s Central Bureau of Investigation (CBI) has performed a targeted raid on about 170 of the country’s banking locations in an attempt to crack down on fraud, which is reportedly rife in the banking sector.
2019-11-7 10:06 | |
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Though digital currencies have come up against a lot of challenges, consumers shouldn’t give up just yet, according to Darrell Duffie. Duffie, a professor of finance at Stanford GSB, believes that the next decade could be filled with a lot of success for this sector, in the event that banks don’t come up with faster […]
2019-10-25 17:39 | |
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A professor at Stanford Graduate School of Business says cryptocurrencies will inevitably upend the banking sector
2019-10-26 13:06 | |
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The positive attitude towards the cryptocurrency industry has been constantly growing. Recently, it was predicted that Bitcoin would fare very well in an economic recession. Additionally, the positive sentiment has also spilled over to Bitcoin miners, which have achieved historically high hash rates.
2019-10-24 17:37 | |
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The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions.
2019-10-23 11:00 | |
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Revolut, a Fintech firm launched back in 2015 as an alternate to the existing banking sector and later started offering cryptocurrency exchange has announced its partnership with MasterCard. The partnership announced on 22nd October through a press release revealed that Revolut would launch debit card by the end of the year. The strategic partnership with […]
2019-10-22 22:40 | |
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2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector.
2019-10-21 00:48 | |
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Coinspeaker SEC, CFTC and FinCEN Release Joint Statement for Crypto RegulationThree major financial regulators released a statement specifically to the crypto sector, explaining that all financial institutions must follow laid down banking laws.
2019-10-14 13:45 | |
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Next week kicks off earnings season for the financial sector as bank stocks start to report. The banking industry is seen as a bright spot this earnings season, with analysts predicting that it will be one of four sectors to eek out earnings growth.
2019-10-13 22:30 | |
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Bybit, a Dubai-based crypto exchange, has revealed to crypto.news its plans to launch Mastercard-powered products not only in the European Union and U.K. but in other countries as well. In an exclusive interview with the company, a spokesperson from Bybit…
The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback.
"Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow,” said Maximiliano Hinz.
Zac Prince, BlockFi’s CEO, said his company paid out 450 BTC, 5,000 ETH and $6 million in stablecoins last month.
This could significantly lower the barrier to entry for stablecoin use.
Scammers are taking advantage of one of Bitcoin's strengths, as once lauded by Satoshi Nakamoto.