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Trumps Imposes Sanctions Against Banks in Venezuela. The Country Studies Crypto Payments to Fight Back
A few hours ago, the Trump administration issued a new set of sanctions against Venezuelan banks, aiming to make it more difficult for the people to mobilize their money and pay for goods and services. дальше »
2019-3-23 04:41 | |
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Agustin Carstens: Banks Should Not Issue Digital Currencies
Should banks design their own cryptocurrencies? According to Agustin Carstens, general manager of the Bank for International Settlements, the answer is a definitive “no. ” Crypto Isn’t Cool? Carstens has never been a fan of crypto, having likening bitcoin to a “bubble,” a “Ponzi scheme” and an “environmental disaster” in the past. дальше »
2019-3-23 02:33 | |
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Israeli Court Rules Against One-Size-Fits-All Bitcoin Ban by Bank
An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account. дальше »
2019-3-20 18:53 | |
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FBI Nabs OneCoin Ringleader at LAX as Massive Crypto Scam Unravels
On March 6th, the US Federal Bureau of Investigation (FBI) arrested OneCoin ringleader Konstantin Ignatov at Los Angeles International Airport (LAX). The government alleges that he was one of several masterminds behind the multi-billion dollar crypto pyramid scheme. дальше »
2019-3-9 04:30 | |
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Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million
The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table. дальше »
2019-3-9 13:00 | |
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Maltese banks reluct against opening accounts for crypto companies
The plans of the Malta authorities to turn the island into a global blockchain hub may break on the unreadiness of the financial system to cooperate with cryptocurrency startups. According to market participants, the banks of Malta hardly open accounts for crypto companies. дальше »
2019-3-5 13:20 | |
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MonetaGo Changes From Hyperledger Fabric to R3 Corda in a Bid to Build Blockchain for Banks
R3 had a big indirect victory against Hyperledger Fabric recently. MonetaGo, a software development firm that provides blockchain solutions for banking institutions, has decided to change its structure and start using R3’s Corda instead of its old Hyperledger Fabric system. дальше »
2019-2-27 23:21 | |
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JPM Coin’s Emergence Poses a Threat to Ripple (XRP), but Is far from Killing Bitcoin
JP Morgan, one of the worlds largest banks, made a surprising move to get into the digital currency space by creating JPM coin, which would be used to settle transactions between clients of its wholesale payments business instantly. дальше »
2019-2-23 00:00 | |
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Bitcoin Max Exchange Wins Legal Battle Against Santander Bank in Brazil to Keep Its Accounts Open
A Brazilian crypto exchange has won a major battle for its survival recently. Bitcoin Max has been battling the Santander Bank in court in order to keep its accounts open and it looks like the exchange scored a major victory for the sector now. дальше »
2019-2-13 02:32 | |
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Former Point72 Exec: Bitcoin is Still a Perfect Way to Bet Against Central Banks
Travis Kling has taken to the streets yet again. This time, the chief investment officer of Ikigai, a Los Angeles-based crypto hedge fund that launched in October, doubled-down on his sentiment that Bitcoin (BTC) is a perfect way to bet against the monetary policy enlisted by global governments and Wall Street mainstays. дальше »
2019-2-8 17:00 | |
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Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’
With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $683 million in expenses, the euro may be in deep trouble. In the last quarter of 2018, a period in which even U. дальше »
2019-2-7 17:20 | |
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The Money Laundering War Wages On But is Bitcoin Really Better Than Banks for Financial Crimes
One of the biggest arguments that naysayers of cryptocurrency like to bring against it is the concept of money laundering. A recent report in September last year in the Wall Street Journal indicated that criminals used cryptocurrency exchanges in the laundering of $90 million in the last two years, though much of the report had […] дальше »
2019-2-5 17:24 | |
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Iran releases gold-backed cryptocurrency
Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves. дальше »
2019-2-8 17:22 | |
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Ripple CTO Voices Latest Twitter Reaction Against Blanket Statements Regarding “Big Banks”
Ripple’s CTO Voices Latest Twitter Reaction Against Blanket Statements Regarding “Big Banks” The Ripple community is easily one of the strongest bonds in the cryptocurrency industry, with many of their participants jumping up to defend Ripple at the smallest inkling of a negative comment. дальше »
2019-2-2 20:53 | |
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Davos: IMF’s Lagarde Says Fintech Will Shake The System
International Monetary Fund Head, Christine Lagarde, told the World Economic Forum in Davos, “fintech is going to shake the system. ” She also urged against relying on central banks in the next financial crisis, at the CNBC-hosted panel. дальше »
2019-1-26 02:00 | |
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Simon Dixon Reflects on the 10th Anniversary of Bitcoin
With the 10th anniversary of Bitcoin’s launch under the industry’s belt, it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years. дальше »
2019-1-26 01:44 | |
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Yellow Vests in France Planning a Bank Run to Collapse the Euro
If ever anyone wished they could turn back the clock it would be wildly unpopular and “elitist” French President Macron. His decision to raise fuel tariffs in November has mushroomed and his country has succumbed to a wave of protests and violence the likes not seen since the 1960s. дальше »
2019-1-9 04:00 | |
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Alfonso Ribeiro and Backpack Kid latest to sue Epic over Fortnite dances
Two more voices have joined the case against Epic Games, bringing more allegations of intellectual property theft. In this case, the people in question are Alfonso Ribeiro, best known for his role as Carlton Banks on The Fresh Prince of Bel-Air, and the infamous Backpack Kid. дальше »
2018-12-18 21:53 | |
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Can Bitcoin Hedge Against Quantitative Tightening?
Satoshi Nakamoto designed Bitcoin (BTC) as an alternative to centralized payments, to exist independently from the flawed banks. As central banks tighten the valves of monetary policies, this aspect of cryptocurrency may come back to the foreground. дальше »
2018-12-10 20:37 | |
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SWIFT Launches Blockchain Payment Pilot Program to Rival JPMorgan Chase’s Interbank Information Network (IIN)
45-year old payment provider Swift just announced the launch of a new payment validation platform. The new platform aims to fight back against rising competition from fintech companies and blockchain-based projects, lowering costs and speeding up financial transactions worldwide. дальше »
2018-12-6 18:29 | |
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Dr Doom Claims Central Bank Digital Currencies Could Destroy Crypto
If central banks issue their own digital currencies, then it would destroy cryptocurrencies like Bitcoin, wrote Nouriel “Dr. Doom” Roubini in his latest column. The article, titled “Why central bank digital currencies could destroy crypto,” saw the American economist building up his rants against the cryptocurrency space. дальше »
2018-11-22 20:00 | |
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Iran Feeling Heat from SWIFT Sanctions, National Cryptocurrency Ready for Blast-off?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) may have just pushed Iran to the wall in its plans to build a state-issued cryptocurrency, having abruptly ejected several banks from the marginalized Middle-Eastern state under mounting pressure from the US government. дальше »
2018-11-15 11:00 | |
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Ripple Takes Investors’ Class Action Case Against XRP To Federal Court, Lawyers Expect A Walk In The Park
Over the last few months, XRP has been in the news for good reasons, especially given Ripple’s recent accomplishments. Ripple has managed to launch various revolutionary financial solutions and woo a good number of banks to the RippleNet. дальше »
2018-11-13 02:28 | |
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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive
As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency. дальше »
2018-11-1 23:35 | |
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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services
Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience. дальше »
2018-10-31 17:17 | |
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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini
Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it. дальше »
2018-10-24 19:38 | |
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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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Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures
Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. дальше »
2018-10-6 22:05 | |
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Steve Hanke: Fewer Central Banks are Optimal Due to Fueling Inflation and Wealth Loss via Printing Money
Steve Hanke Against Central Banks; They Fuel Wealth Loss and Inflation Steve Hanke, one of the most important and respected economists around the world attacked central banks. He mentioned that the world needs fewer central banks because they mess up economies and abuse monetary policy. дальше »
2018-9-23 00:08 | |
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Ripple and R3 Reach Settlement in Year-Long Court Case
A year-old legal battle between two of the crypto industry’s leading organizations is coming to a close. After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest. дальше »
2018-9-12 21:26 | |
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Limited Services In Korean Banks For Crypto Investors
Seven months ago, the government in Korea brought in a new ‘crypto real-name system’ however, there is only up to 50% of accounts that have been converted into real-name ones, even in the top four cryptocurrency exchanges for Korea. дальше »
2018-9-11 13:00 | |
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Dutch Trader Loses Reclamation Suit Against Banks That Froze His Accounts
In November 2016, a Dutch cryptotrader tried to buy his first 10 bitcoin, first using funds from his ING bank and later from ABN Amro. Both banks denied the transactions. дальше »
2018-8-18 23:22 | |
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EU Parliament Report Reveals How Banks Could Beat Bitcoin
A recent report released by the Policy Department of the European Parliament explains how central bank-issued cryptocurrencies outcompete Bitcoin. EU Parliament Draws Up Battle Plans Against Bitcoin A recent report from the Policy Department of the European Parliament, titled Competition Issues in the Area of Financial Technology (FinTech), warns about some of the challenges Bitcoin will have to overcome. дальше »
2018-7-24 02:00 | |
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Indian crypto-community influencers speak up against the recent ban
In a recent discussion on cryptocurrencies in India, several companies have spoken up on the ban imposed by the Supreme Court of India, for banks to nullify their communication with cryptocurrency entities. дальше »
2018-7-23 23:03 | |
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Breaking news: RBI’s cryptocurrency prohibition continues, final arguments on 11th September
The Reserve Bank of India [RBI] petitioned a ban against cryptocurrencies, as to prohibit the banks for conversion of digital currencies to Indian Rupee [INR]. The hearing of lifting or proceeding with the ban was held today. дальше »
2018-7-21 02:25 | |
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India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September
The Indian Supreme Court has adjourned its hearing of the petition against the Reserve Bank of India (RBI) ban on banks facilitating cryptocurrency transactions. The apex court will deliver its final judgment on the matter on September 11, 2018. дальше »
2018-7-21 01:00 | |
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India’s Supreme Court Upholds RBI Ban, Final Arguments To be Heard in September
Today was the proverbial D-Day for the cryptocurrency industry in India as the Supreme Court was scheduled to hear the case against the Reserve Bank of India (RBI) instituting a ban forbidding all commercial banks in the country from facilitating crypto related transactions. дальше »
2018-7-20 19:39 | |
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India Stands Still – Should Crypto Go or Stay ?
The biggest case involving the Indian cryptocurrencies market is scheduled to resume today as the Supreme court presides over a lawsuit filed by exchanges against the Reserve Bank of India (RBI). A directive by the central banking authority required that all banks in the country quit doing business with virtual currency exchanges on or before […] The post India Stands Still – Should Crypto Go or Stay ? appeared first on ZyCrypto. дальше »
2018-7-20 15:08 | |
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Chile’s Orionx Crypto Exchange Gets Favorable Legal Ruling Against Bank
An ongoing dispute between banks and cryptocurrency exchanges took a new turn. An appeals court has ruled in favor of one crypto exchange against one of the largest banks in the country. Five major banks have also separately responded to lawsuits against them in court. дальше »
2018-7-16 09:00 | |
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Chile appeals rules in favor of the crypto exchange
Finance In an ongoing dispute between banks and cryptocurrency exchanges in Chile, an appeals court has finally ruled in favor of one crypto exchange against one of the largest banks in the country. Japan Confirms Entrance Into the Crypto Space Court of Appeals Ruling The Fourth Chamber of the Court of Appeals of Santiago has дальше »
2018-7-15 04:39 | |
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Chile Appeals Court Rules in Favor of Crypto Exchange Against Bank
In an ongoing dispute between banks and cryptocurrency exchanges in Chile, an appeals court has finally ruled in favor of one crypto exchange against one of the largest banks in the country. Five major banks have also separately responded to lawsuits against them in court. дальше »
2018-7-15 03:35 | |
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Slovakia’s Central Bank Features Bitcoin “Bat Signals” By Local Action Group
In a new protest turned publicity stunt, a Bitcoin “bat signal” was shown at the central bank of Slovakia. Many banks in the country have briefly hosted the logo on their exteriors as part of a protest by a local action group. дальше »
2018-7-14 09:47 | |
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Don’t Let Your Mortgage Meet Your Crypto – The Bank Of Queensland
As Australian authorities continue to push pressure onto the crypto-sphere, The Bank of Queensland, one of the countries biggest retail banks have decided to make a move which will see a change in the maintenance of their loan agreements. дальше »
2018-7-12 18:30 | |
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Bank of Korea: Crypto Has Low Risk to Local Finance MArket
According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1. 79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. дальше »
2018-7-9 01:49 | |
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John McAfee fires shots at RBI barring banks to deal with Bitcoin [BTC] and other VCs
John McAfee, on 6th July, posted an intriguing tweet against the Reserve Bank of India [RBI] urging financial institutions to dissociate themselves with the central bank. He also warned the institutions that he will ‘call for a boycott’ against those who deal with the RBI. дальше »
2018-7-6 20:57 | |
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Breaking: Supreme Court of India refuses to grant temporary stay against RBI’s cryptocurrency restriction
Today, on July 3rd, Supreme Court of India [SC] held the awaited hearing of Internet and Mobile Association of India v/s Reserve Bank of India [RBI]. As per the recent reports, SC has not granted a temporary stay and the effective date for banks to stop supporting cryptocurrency exchanges still stands the same, that is, July […] дальше »
2018-7-4 23:57 | |
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