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Medici Bank To Roll Out Private Beta In October; Q1 2020 Launch With Goal Of $1B In Assets & Deposits
Medici Bank is exploring new ways of becoming crypto-friendly, its CEO Ed Boyle has revealed. The bank which is located in Puerto Rico, a territory of the US, has said it is in the process of testing its virtual onboarding procedure that will comprise web portals as well as the application programing interface. The process […] дальше »
2019-9-27 00:32 | |
The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters
The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo. This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. дальше »
2019-9-18 12:41 | |
Euro Exim Awarded the Best Global Trade Services Bank 2019 for its “Bold & Savvy Partnership Move” with Ripple
Ripple, a strong reason behind Euro Exim’s win The strategic partnership “strengthens” its compliance process and ramps-up speed and efficiency Euro Exim Bank, a global financial solution that focuses on facilitating international trade has been announced — the second year running — the winner of the Best Global Trade Services Bank award. “This year the […] дальше »
2019-9-1 19:45 | |
8th Largest US Bank Goes Live with RippleNet
PNC Treasury Management has started using the RippleNet for cross-border payments. Fintech Futures reported on August 29 that PNC has become the first US bank to process cross border payments in real time. дальше »
2019-8-29 21:07 | |
PNC bank goes live with RippleNet; becomes first-ever American bank to use its services
PNC Financial Services Group, Inc. has gone live with RippleNet on August 29, becoming the first-ever American bank to process cross-border payments, reported FintechFutures. The bank inked the deal with RippleNet in September 2018 and announced that its Treasury Management Unit would be using Ripple’s current software solution to carry out cross-border transactions. дальше »
2019-8-29 12:14 | |
XRP finds another home as Bankera exchange lists the world’s second largest altcoin
Bankera, a cryptocurrency exchange in the process of assembling a “blockchain-era bank,” has expanded its assortment of cryptocurrencies offered on the platform. The third-largest coin by market cap, XRP, is the newest addition to the platform. дальше »
2019-8-13 09:49 | |
Blockchain Fintech Firm Bitt Digital Finally Gets Approval from Barbados Central Bank
After an 8-month long review, Bitt Digital Inc. has finally exited the rigorous Regulatory Sandbox of the Central Bank of Barbados and the Financial Services Commission. The process was successfully completed on July 5, 2019, making the company the first to achieve this almost insurmountable feat. Part of the tests offered by the Sandbox to […] дальше »
2019-7-16 18:50 | |
Crypto exchange Poloniex now offers card and bank account transfers
CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourcePoloniex, the bitcoin and crypto exchange owned by Circle, announced today that users in over 80 countries can now transfer money directly to and from their bank accounts. дальше »
2019-7-10 01:13 | |
China Issuing Digital Currency ‘Will Drive Bitcoin Adoption’
Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token. дальше »
2019-7-9 17:00 | |
ECB Executive Says Libra Crypto Is a Wakeup Call to Regulators
An Executive Board Member of the European Central Bank (ECB), the financial institution responsible for administering monetary policies within the Eurozone, has opined that financial watchdogs across the globe must now fast track the process of regulating bitcoin (BTC) and other blockchain-based digital assets, as more and more institutions like Facebook join the bandwagon, reportsRead MoreRead More. дальше »
2019-7-8 13:35 | |
What Bitcoin Ban? Indian Central Bank Denies Involvement in Crypto Ban Bill
By CCN Markets: The Reserve Bank of India (RBI) has denied knowledge of a proposed bill which would see Bitcoin and crypto ownership in India made entirely illegal. Reports surfaced last week that lawmakers in India were working on legislation that could carry a 10-year prison sentence for anyone caught holding cryptocurrency. дальше »
2019-6-17 12:23 | |
JPMorgan Casts A Sly Glance At Bitcoin: But Don’t Get Too Excited Yet
Not for the first time, JPMorgan & Chase is raising a stir in the crypto community. In a recent note, the bank’s strategists announced that they had calculated a fundamental valuation for Bitcoin (BTC), with a cost of production determined from the energy and resources used in the mining process, as Bloomberg reports. дальше »
2019-6-3 17:10 | |
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, […] дальше »
2019-5-31 15:57 | |
New Central Bank Of Egypt (CBE) Law To License Crypto Trading And Issuing Business Activities
Egyptian Bill To License Crypto-Trading, Activities Through Central Bank underway The Central Bank of Egypt (CBE) is keen to start regulating the cryptocurrency sphere in the country. Local media reported that the draft of the bill proposes a license policy for all major cryptocurrency related activities within Egypt. The bill currently in the approval process […] дальше »
2019-5-28 21:07 | |
Shinhan Bank in South Korea to Leverage Blockchain to Pick Up the Loan Issuance Process
More and more companies are using the blockchain technology in order to make their processes more efficient. The Shinhan Bank, one of the oldest South Korean financial institutions, is no exception to this trend. дальше »
2019-5-28 20:41 | |
Reserve Bank of Malawi (RBM): “Crypto Assets Cannot be Used as Legal Tender”, No MWK Replacement
A number of independent studies published recently have shown that there has been a growing interest from the Malawian population in regards to cryptocurrencies (such as Bitcoin, Ethereum) and its associated offerings. дальше »
2019-5-28 17:18 | |
South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification
South Korea’s Shinhan Bank has announced the introduction of a blockchain system that replaces the manual verification process of documents, according to a report by CNB Journal. The blockchain system has been applied to the Shinhan Doctor Loan product aimed at medical professionals and considerably reduces the time spent to verify documents such as certificates […] The post South Korea’s Shinhan Bank Introduces Blockchain Platform for Document Verification appeared first on Coinjournal. дальше »
2019-5-28 13:56 | |
Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform
Korea’s oldest bank, Shinhan Bank, launched the country’s first blockchain-based lending platform to speed up the loan process
дальше »2019-5-27 16:52 | |
Royal Bank of Scotland, Barclays Integrate Blockchain to Improve the Real Estate Transaction Process
It was recently revealed that Barclays together with the Royal Bank of Scotland (RBS) were attempting to speed up transactions in the real estate sector. Together with R3, a software company they selected a blockchain project and successfully put it to test. дальше »
2019-5-12 22:13 | |
U.S. Citizens Can Now Accept Their Federal or State Tax Refund in Bitcoin
Federal tax season just passed in the United States, but if you’re one to leave responsibility to the wayside and had to apply for an extension, that might just pay off. дальше »
2019-5-1 23:39 | |
A $50 Billion Banking Giant Launches International Payments with Ripple’s XRP
By CCN. com: At the Financial Sector Conference on April 24, Saudi British Bank (SABB) announced the launch of its Instant Cross-Border Transfer Service, a payments infrastructure based on the Ripple blockchain network that utilizes crypto asset XRP for liquidity. дальше »
2019-4-30 16:02 | |
Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO
Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with. дальше »
2019-4-19 18:33 | |
Japan: Rakuten Bank Starts Registering New Users for Its Crypto Wallet
As part of preparations for the June 2019 official launch of its cryptocurrency trading service, Rakuten Bank, the largest e-commerce outfit in Japan has kicked off the new user registration process for its Rakuten Wallet, which will enable millions of its customers to trade bitcoin and altcoins seamlessly, according to a press release published MarchRead MoreRead More. дальше »
2019-4-18 11:00 | |
How this fintech company got Russia’s first banking license in 4 years
The Russian Federation doesn’t exactly scream friendliness when it comes to financial innovation, but appears to be making an exception for a company called Bank 131. At a time when Russia is taking away banking licenses, this fintech business is the first to receive a license in four years. дальше »
2019-4-12 02:13 | |
QuadrigaCX Starts Bankruptcy Proceedings
It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million. дальше »
2019-4-10 17:39 | |
Bitcoin at $5,000: What Has Changed Since 2017
This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. дальше »
2019-4-4 18:42 | |
Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software
This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi. дальше »
2019-4-2 21:54 | |
It’s Already Too Late for India, Even if its Legalizes Bitcoin Exchanges
On March 30, less than 6 months since the shutdown of India’s largest bitcoin exchange Zebpay, one of the last remaining cryptocurrency exchanges in India, Coindelta, closed down its services. In an official statement, Shubham Yadav, the founder of Coindelta, wrote that there has not been enough progress in the process of overturning the decision of the Reserve Bank of India to prohibit local banks from dealing with bitcoin and crypto-related businesses. дальше »
2019-4-1 15:15 | |
LocalBitcoins, Once a Go-To for Anonymous Bitcoin Transactions, Adds KYC
The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. дальше »
2019-3-28 18:00 | |
Sharia-Compliant Crypto Exchange Rain Adds Ripple’s Crypto Coin XRP to Its Trading Platform
Bahrain based crypto exchange, Rain recently announced that they are the first to complete the Central Bank of Bahrain's (CBB) regulatory sandbox and is now in the process of applying for a license as it has passed a Shariah compliance certification for the region. дальше »
2019-3-21 19:11 | |
How to book train tickets in India straight from the Google Pay app
Google Pay (earlier named Tez) has recently rolled out the ability to book train tickets in India straight from the app – both on iOS and Android. The money will be deducted directly from your bank account, so you won’t need any additional apps for train booking. дальше »
2019-3-19 11:37 | |
Citowise Launches First Platform That Lets Users Acquire a Company with Bitcoin
After much testing and hard work, Citowise is announcing the first stage of their new platform – corporate. citowise. com With this solution, everyone can acquire a ready-made company with a crypto-friendly bank account in 4 jurisdictions: England, Cyprus, Marshall Islands, and Northern Ireland. дальше »
2019-3-14 09:36 | |
As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets
As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends. дальше »
2019-3-5 20:20 | |
Malta Might Be ‘Blockchain Island’ But Don’t Try Opening a Crypto Bank Account
Malta has been hyped up as the happy ending for crypto business who have trouble operating elsewhere, but there’s a problem: banks are reluctant to grant crypto startups business accounts until they’re properly licensed with the MFSA. дальше »
2019-3-3 17:02 | |
Blockchain Advocacy Coalition Sponsors Bill to Allow Crypto for Legal Cannabis Tax
Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency. дальше »
2019-3-1 20:16 | |
Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors
A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation. дальше »
2019-2-15 01:45 | |
Freelancers on Traditional Platforms Can Now Invoice in Bitcoin Via Bitwage
In the current freelancing industry, many platforms only allow independent contractors to use one bank account. In addition to restricting freelancers to the use of fiat only, this can also cause significant lag times when employees work with companies overseas. дальше »
2019-2-15 20:14 | |
First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet
According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019. дальше »
2019-2-13 03:56 | |
Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.
According to a recent report, Joel Ortiz, the 20-year-old student from Boston who was indicted by prosecutors in Santa Clara, California, has been sentenced to 10 years in prison in what is believed to be the very first SIM swapping conviction in the United States. дальше »
2019-2-6 01:17 | |
Another Ripple partner, snubs XRP token
In December last year, the National Bank of Kuwait (NBK) announced the use of RippleNet in daily payments. However, it was unclear whether the bank would use XRP to process transfers and payments. дальше »
2019-2-1 19:17 | |
Health Consortium Teams with IBM to Use Blockchain in Medical Data Management
According to a Fortune report published on January 24, 2019, a consortium comprising of companies like Anthem, Aetna, and PNC Bank, has inked a partnership with IBM to utilize the latter’s expertise in blockchain technology to streamline the process of organizing medical data records. дальше »
2019-1-26 16:00 | |
XCOYNZ ICO
The XCOYNZ Exchange enables Individuals to set their own fee when exchanging their Crypto assets. This will be based on a recurring annual allowance from the time of first registration, with further loyalty bonuses being awarded based on periodic exchange activity volume. дальше »
2019-1-19 21:03 | |
Living on Bitcoin Day 4: The Uphill Climb
This is the fourth instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 and on Day 3. дальше »
2019-1-19 00:10 | |
HSBC leans on blockchain tech to process $250b worth of fx transactions
Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology. According to a report, the transactions, completed over the past year, were worth $250bn. дальше »
2019-1-14 20:56 | |
Canada’s First All-Crypto Legal Firm Opens Its Doors to Global Clientele
Technology lawyer Addison Cameron-Huff launched his new, Toronto-based, all-crypto legal firm on January 3, 2019, Bitcoin’s 10th anniversary, as a statement of his commitment to working for and promoting Bitcoin and cryptocurrency-based businesses. дальше »
2019-1-11 21:17 | |
New Shakepay Feature Turns Your Spare Change Into Bitcoin
Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post. дальше »
2018-12-18 02:32 | |
South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services
South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018. дальше »
2018-12-11 04:00 | |