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190 Indian Banks Raided in Fraud Crackdown — Can Bitcoin Be an Alternative?
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. дальше »
2019-11-7 10:06 | |
Risk Management Framework for Global Banks to Apply for Crypto
The Basel Committee on Banking Supervision is one of the most important regulators for global banking standards. As per the Basel III norms, set by the committee in the wake of the 2008 financial crisis, banks are supposed to hold a requisite amount of liquid capital based on the risk of their lending portfolio andRead MoreRead More. дальше »
2019-11-1 12:00 | |
China Banking Run Could be a Blessing For Bitcoin
One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in China as citizens rush to withdraw their savings. дальше »
2019-11-1 07:00 | |
Chinese Banks Should Immediately Embrace Blockchain, Says Top Central Bank Official
Less than a week after President Xi Jinping’s iconic speech on blockchain technology, another top official from the Chinese government has openly endorsed decentralized distributed ledgers as the future of banking and financial institutions. дальше »
2019-10-29 11:07 | |
The Big Lie Perpetuated by Central Banks
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. дальше »
2019-10-28 01:50 | |
An Original Korean Crypto Exchange And Wallet, Coinplug, Sees Renewed Interest From Major Banks
South Korea’s major local bank invested in the country’s earliest bitcoin exchanges, Coinplug. As per information, Coinplug has raised 7. 5 billion Won from KB Investment, a venture arm of KB Financial Group. дальше »
2019-10-25 19:08 | |
Should The Traditional Banking System Be Scared Of Cryptocurrencies? Stanford Finance Prof Says Yes
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 […] дальше »
2019-10-25 17:39 | |
McKinsey: Majority of Banks May Not Be Economically Viable
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn. дальше »
2019-10-25 16:05 | |
Bitcoin’s Edge Over Fiat Underscored by Lebanon’s Empty ATMs
Lingering political unrest rendered millions of Lebanese nationals unable to access their own money deposited with banks for the seventh consecutive day on Wednesday, highlighting once again how Bitcoin can serve as an alternative financial system. дальше »
2019-10-24 07:24 | |
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
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. дальше »
2019-10-23 11:00 | |
Banks At Risk of Extinction Shows Why The World Needs Bitcoin
Bitcoin was designed to remove the monopoly banks have over the world’s wealth and put the control back into the hands of individuals, among many other reasons. A new, damning report on the weakness of the banking industry serves as a powerful example as to why the world needs Bitcoin. дальше »
2019-10-23 22:00 | |
Bitcoin Potential Highlighted by Six Days of Lebanese Bank Closures
Banks in Lebanon have remained closed for the sixth consecutive day today. The restriction of access to banking facilities serves as yet another reminder of the power financial institutions can wield over a population and the importance of Bitcoin as a potential check to that power. дальше »
2019-10-22 21:51 | |
Bitcoin allows people to transact without involving a ‘fractional reserve system’
The Banking crisis of 2008 was one of the key elements that fueled the invention of Bitcoin. The advent of Bitcoin exposed some of the pivotal flaws of the centralized banking systems which were largely ignored as there were no alternatives. дальше »
2019-10-21 01:30 | |
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 | |
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 | |
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 | |
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 | |
The EU Needs to Launch a Cryptocurrency, Says deVere CEO Nigel Green
Nigel Green, CEO of deVere Group — a global financial advisory company, says the European Union needs to seriously consider cryptocurrency adoption per a report by IT-Online. Meanwhile, banking giants across the globe are beginning to shift from an anti-crypto stance towards developing their own blockchain-based business solutions. дальше »
2019-10-4 19:00 | |
Major US Banks Caution Federal Advisory Council Against Libra Becoming A ‘Shadow Banking’ System
Facebook's nascent crypto project Libra continues to run in trouble even before the actual launch. The project has managed to enrage regulators, central banks and governments around the globe, who believed Facebook was merely using the name of blockchain to start a parallel monetary system, piggy riding the existing framework in which institutions pay billions […] дальше »
2019-10-1 22:09 | |
Facebook’s Libra could give birth to a ‘shadow banking’ system, claims United States’ Federal Advisory Council
At this month’s Federal Advisory Council meeting, the United States’ biggest banks (including CEOs Rene Jones of M&T Bank Corp. , Beth Mooney of KeyCorp, and Brian Moynihan of Bank of America Corp) were asked by the Federal Reserve about their thoughts on Libra, the stablecoin proposed by social media giant Facebook. дальше »
2019-10-2 18:45 | |
The Banking Industry Cashes in on the Crypto Craze
In the infancy stages of cryptocurrency development, banks were outwardly hostile towards digital currency. However, the widespread adoption of blockchain-based technology for processing financial transactions quicker, safer, and more efficiently has led to a rethinking of traditional thought processes among notable banking giants. дальше »
2019-10-1 10:59 | |
European Central Bank Investigating Stablecoins and a Possible Digital Euro
In a letter addressed to Eva Kaili, a member of the European parliament and a well-known cryptocurrency advocate, the current president of the European Central Bank, Mario Draghi, lays down his views on cryptocurrencies and their future in the banking sector. дальше »
2019-9-28 19:53 | |
Lloyds Bank and Komgo Blockchain Platform to Automate Its Commercial Banking
Lloyds is collaborating with Komgo, a blockchain platform, to streamline trade finance. As reported by FStech on September 25, Lloyds bank, which is among the top clearing banks in the United Kingdom is looking forward to digitizing and streamlining trade finance through Komgo platform. дальше »
2019-9-26 18:23 | |
Swiss Banks Team With Fintechs to Enter the Crypto Space
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. дальше »
2019-9-25 13:00 | |
R3, Infosys, and Banks Trial Blockchain-Based Trade Finance System
Infosys, an Indian corporation that provides banks with universal digital banking solutions, has partnered with financial institutions across 19 countries to trial R3’s distributed ledger technology (DLT) based solution for trade finance, reports livemint, September 23, 2019. дальше »
2019-9-24 23:00 | |
‘IAMAI vs RBI’ case: RBI’s aims to justify banking ban legally, keeping crypto sentiment aside
The Reserve Bank of India had restricted the banks from processing any cryptocurrency transactions, that caused inconvenience to many crypto holders in the country. Following this ban, many took to the legal route and filed a petition against this ban, which is being heard in the Supreme Court of India. дальше »
2019-9-22 14:00 | |
Singaporean Bank OCBC Gets Onboard with JPMorgan’s Quorum-Based Blockchain Network
OCBC, one of the largest banking institutions in Singapore, has recently joined the JPMorgan Chase’s blockchain network, according to reports from local media outlets. Right now, there are 134 banks from the Asia-Pacific as part of the Interbank Information Network. дальше »
2019-9-21 22:16 | |
OCBC Joins JP Morgan’s Blockchain Consortium
Overseas Chinese Banking Corporation (OCBC) has joined JP Morgan’s Interbank Information Network (IIN) as the first Singaporean bank in the consortium. Business Times reported that OCBC joins a long list of 112 APAC banks that have joined this network, September 20, 2019. дальше »
2019-9-20 19:00 | |
Southeast Asia’s 2nd Biggest Bank Joins JPMorgan Blockchain Network
The US’ largest bank has signed the first lender from cryptocurrency-friendly Singapore to its Blockchain payments platform. OCBC Joins 342 Banks Keen On Quorum In a press release on September 19, JPMorgan Chase confirmed more than 300 banks were now involved in the Interbank Information Network (IIN). дальше »
2019-9-20 13:00 | |
Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services
According to a report published by swissinfo. ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, toRead MoreRead More. дальше »
2019-9-20 09:00 | |
Bitcoin Will Put Banks In Their Respective Places Eventually, Investment Expert Affirms
Jared Dillian, an investment strategist who works at Mauldin Economics,recently tweeted that Bitcoin and the crypto technology have the potential to destroy the banking system. According to him, it is not a question of “if, but when” this will happen. дальше »
2019-9-19 23:14 | |
Head of Libra Association: We’re on schedule!
The world banking community is desperately trying to resist the inevitably arrival of cryptocurrencies. Now governments and central banks see the greatest danger from Libra and they are trying to stop the project development. дальше »
2019-9-18 13:23 | |
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. дальше »
2019-9-14 23:00 | |
UK Banks Fined $66 Billion For Insurance Fraud; Bitcoin Still Bad?
The arguments as to why bitcoin is superior to the banking system are pretty clear cut to anyone that has used it. A decade ago BTC was conceived to cut out the fatcat middlemen and allow people to transact between themselves. дальше »
2019-9-12 15:30 | |
Bitcoin Standard author Saifedean says that Bitcoin is now knocking at central banks’ door
Saifedean Ammous, an economics professor famously known for his book The Bitcoin Standard: The Decentralized Alternative to Central Banking sat down for an interview with Preston Pysh. In the podcast, he spoke about several developments in the ecosystem while comparing Bitcoin to traditional financial institutions and gold. дальше »
2019-9-9 20:30 | |
Crypto Banking Expands With Positive Interest Rates and New Services
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to […] The post Crypto Banking Expands With Positive Interest Rates and New Services appeared first on Bitcoin News. дальше »
2019-9-9 17:15 | |
Banking Tech Startup Baton Funding Round Raises $12 Million
Baton has raised $12 million in a Series A funding round led by Trinity Ventures. According to Ledger Insight, the company is building DLT based software for banks that can be immediately integrated on their networks, September 2, 2019. дальше »
2019-9-3 01:00 | |
4 New Banks Join Ripple-powered SBI’s MoneyTap: Finally a Bullish XRP Price Sign?
Awa Bank, North Japan Bank, Third Bank, and one other bank joins MoneyTap The tally of banks rises to 29 banks One of the leading banking partners of Ripple, SBI Holdings has added four new banks as the shareholders in MoneyTap, bringing this tally to 29 banks. дальше »
2019-9-1 18:56 | |
US banking giant PNC goes live on RippleNet
PNC becomes the first bank to start using the RippleNet blockchain payment network in the United States. Instant cross-border payments PNC is ranked 8th on the list of largest banks in the U. S. , according to Business Insider. дальше »
2019-8-30 14:14 | |
Swiss Regulators Award First Banking Licenses to Blockchain Banks
FINMA, Switzerland’s financial regulatory body, recently awarded its first banking and securities dealers’ licenses to two Swiss blockchain banks, according to a report by Finews on August 26, 2019. The license comes after the regulatory body released a guideline regarding cryptocurrency and blockchain in the country. дальше »
2019-8-28 12:15 | |