Ethereum breaks $3,000—it’s now valued more than Bank of America

Ethereum, the world’s most-used blockchain by daily transactions and the second-largest by market cap, broke the $3,000 price level in the early hours Monday, data from multiple sources shows. The post Ethereum breaks $3,000—it’s now valued more than Bank of America appeared first on CryptoSlate. дальше »

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JPMorgan Piloting Blockchain-based Payment Solution in Asia

American investment bank and financial services provider JPMorgan, on Monday, April 12, launched ‘Confirm,' a blockchain solution to reduce the number of rejected or returned payments. ‘Confirm' Validates Transactions In ‘Near Real-time' Following the launch, the US bank is now test-running the blockchain solution with 12 banks in Taiwan. дальше »

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Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

At the height of the last so-called Bitcoin “bubble” banks began feeling the crunch of coming competition and began blocking transactions related to “virtual currencies. ” But as we’ve seen as of late, banks are finally coming around along with the rest of the finance world. дальше »

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Visa Now Settling Transactions with USD Coin on Ethereum

According to the announcement, Visa spent the last year enabling the capacity for digital currency settlement within its existing infrastructure. Anchorage, the United States’ first federally chartered digital asset bank, will facilitate the pilot program launched with Crypto. дальше »

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PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous

Chinese officials are willing to ensure digital anonymity for the country’s central bank digital currencies (CBDCs), but only for a small class of transactions. Total Anonymity of CBDCs Impossible According to a local news outlet, an official of the People’s Bank of China (PBoC), Mu Changchun, has said that a completely anonymous digital yuan is […] The post PBoC Official Explains Why Digital Yuan Won’t Be Fully Anonymous first appeared on BitcoinExchangeGuide. дальше »

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DBS Becomes First Asian Bank To Process Transactions Using Trusple Blockchain Solution

Singapore-based Bank, DBS announced today that it had processed its first financial transaction using the Trusple Blockchain. This makes DBS the first bank to use Trusple blockchain solution to perform a transaction. дальше »

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Citi Bank Predicts Bitcoin Could Become Future of International Transactions

Continue reading at Coinspeaker дальше »

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Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem. In his testimony before the Nigerian Senate, Emefiele claimed that the February 5 directive is “in the best interests of Nigerians. дальше »

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State Bank of India Joins JPMorgan’s Ethereum-Forked Blockchain Payment Network, Liink

State Bank of India (SBI), the largest bank in India, has announced a partnership with US bank JPMorgan to use its blockchain-based technology to enhance international transactions. The government-owned bank explained that the partnership would help reduce transaction costs and time to execute customers' payments. дальше »

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India’s Largest Bank Partners with JPMorgan for Blockchain Payment Solution

The State Bank of India (SBI), a major Indian bank, has collaborated with Wall Street giant JPMorgan to utilize the latter’s blockchain solution for efficient cross-border transactions.   SBI Collaborating with JPMorgan for Blockchain-based Cross-border Payments According to the Economic Times on Wednesday (Feb. дальше »

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Nigeria – The People Fight Back Against Central Bank Cryptocurrency Limitations

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. дальше »

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IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies

The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as money laundering and drug trafficking.” […] дальше »

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Nigerian Youths Are Unfazed By Country’s New Bitcoin Ban

As we reported earlier, the Central Bank of Nigeria has warned that henceforth, all financial institutions facilitating all forms of cryptocurrency transactions in the country will face the rot of regulatory bodies. дальше »

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Vast Bank-Coinbase Partnership Sees the Bank Complete End-to-End Crypto Transactions

On February 4, Vast Bank revealed they have partnered with highly acclaimed exchange platform Coinbase. The bank made a move to achieve a complete end-to-end digital currency transaction successfully. дальше »

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One Step Backward: Central Bank of Nigeria (CBN) Prohibits Crypto Transactions

The Central Bank of Nigeria (CBN) has informed banks and commercial institutions to stop processing cryptocurrency transactions. This represents a significant blow for the county that has the largest bitcoin market in Africa. дальше »

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Nigeria's central bank orders commercial banks to close accounts of crypto users

On 5 February 2021, Nigerian central bank mandated that all banks must close users' accounts that are connected to cryptocurrency transactions. The authority also reminded banking entities that deaThe post Nigeria's central bank orders commercial banks to close accounts of crypto users appeared first on AMBCrypto. дальше »

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Philippines’ central bank tightens crypto regulations to combat money laundering

Bangko Sentral ng Pilipinas (BSP), the top financial regulator in the Philippines, has tightened crypto rules to help prevent money laundering in the country. A report unveiled this news on January 26, noting that the central bank now mandates that all crypto transactions adhere to its regulations on financial service providers. дальше »

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Shenzhen’s Digital Yuan Test Records Massive Success

The government of Shenzhen, China, has announced via a WeChat post that its digital yuan test exercise, which went live on January 7, this year, has recorded massive success, as residents have used the central bank digital currency in nearly 140,000 transactions during the testing operation, reports TheBlock on January 18, 2021. China’s CBDC GainingRead More дальше »

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World’s 6th Largest Bank Is Blocking Bitcoin Transactions

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Vietnamese bank issues its first letters of credit on the blockchain

HDBank has processed its first L/C transactions since joining the Contour platform for international trade.

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Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested

Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. дальше »

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India prepares to introduce taxes from cryptocurrency investments

According to The Economic Times, India’s income tax authority is monitoring crypto investors and traders to demand income tax from them. This was reported by sources close to the government. The country’s tax department monitored cryptocurrency transactions that were conducted using bank accounts. дальше »

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Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO

Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. дальше »

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SEB bank creates its own part of a global blockchain platform

SEB, a leading Swedish bank has created its own part of an international blockchain trade finance platform. The bank unveiled this news via an official press release on December 1, noting that it had set up its own production environment under Contour, a global blockchain-based platform for trade finance transactions, which went live at the start of October this year. дальше »

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Bitcoin Mining Pool Stirs Controversy by Promoting Censoring BTC Transactions

Blockchain analyst firm, BlockSeer has launched a private mining pool, currently, in beta, that will censor certain Bitcoin transactions. Given that the Bitcoin community emphasizes censorship-resistance, an essential feature of cryptocurrency that makes it differentiating from the central bank digital currencies, it’s pretty obvious that the company would come under fire for its move. дальше »

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China’s Central Bank Has Transacted $300 Million In Digital Yuan So Far

The People’s Bank of China (PBoC) has processed over 4 million separate transactions —  worth more than 2 billion yuan ($299. 07 million) as part of the pilot tests for its central bank digital currency (CBDC). дальше »

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China’s Digital Yuan Reaches $300 Million Spent

The People’s Bank of China’s CBDC pilot program has seen $300 million worth of Digital yuan spent, as of Nov 2, 2020. This occurred over four million separate transactions. China’s Digital Future While the race for a large economy to launch a digital currency continues unabated, China is making some headway. дальше »

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China’s digital yuan used in 4 million transactions so far

Governor of central bank of China, Yi Gang, today revealed that in its CBDC pilot program, the digital yuan has been used in over four million transactions totaling to more than 2 billion yuan (about The post China’s digital yuan used in 4 million transactions so far appeared first on AMBCrypto. дальше »

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China: CBDC Tests Crosses $300M Payment Milestone from 4M Transactions

China’s expanded central bank digital currency (CBDC) development has reached a new milestone of 2 billion yuan in total payments processed despite still being in the testing phase. With a few countries having released their own sovereign digital currencies, stakeholders are calling for more international collaboration on CBDCs. дальше »

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Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021

According to Izvestia, a Russian finance news site, the Ministry of Finance and Bank of Russia investigate other nations’ efforts in releasing a central bank digital currency (CBDC). The post, published on Monday, highlights some of Russia's advantages of launching its own digital ruble, including reducing the cost of transactions, more opportunities for cross-border payments, […] The post Bank of Russia Is Studying Pros & Cons of a Digital Ruble; May Start Developing CBDC In 2021 first appeared on BitcoinExchangeGuide. дальше »

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Gemini with BCB Group to Streamline British Payment System

Coinspeaker Gemini with BCB Group to Streamline British Payment SystemGemini crypto exchange will be connected to BCB’s API, hereby facilitating seamless transactions with different bank systems. дальше »

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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

China’s central bank digital currency has been used in 3. 13 million transactions worth about 1. 1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. дальше »

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China’s Central Bank Processes Over 3.1 Million Transactions in National Digital Currency

Coinspeaker China’s Central Bank Processes Over 3. 1 Million Transactions in National Digital CurrencyThe Central Bank of China has researched over 6,700 use cases for its CBDC and wired more than 5000 payments in the national digital currency to healthcare workers to boost the fight against the coronavirus. дальше »

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China CBDC Trials: Over $160M in Total Payments From 3M Transactions

China’s ongoing central bank digital currency (CBDC) trials have crossed the 1 billion yuan (~$160 million) milestone. With China pulling ahead in the CBDC race, other nations are reportedly considering floating their own sovereign digital currencies. дальше »

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FinCEN Reveals How BNY Mellon Processed $137M for OneCoin Ponzi Scheme

Coinspeaker FinCEN Reveals How BNY Mellon Processed $137M for OneCoin Ponzi SchemeWithin the framework of the OneCoin scheme, the transactions moved a total of $137 million to international bank accounts. дальше »

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The digital currency of China to be utilised for small-scale transactions

Undoubtedly, China is among the leading countries in terms of technology. Lately, China has been in the news for its digital currency. After the cryptocurrency ban, China is keen on developing its currency to join the race of central bank digital currencies (CBDCs). дальше »

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Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. дальше »

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China: CBDC Trial Focused on Retail Transactions

China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions. дальше »

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The Trials of China’s DCEP Focusing on Retail Transactions: Report

The experimental test of China’s sovereign digital currency is currently focused on small retail transactions and hasn’t expanded to large volume transactions yet, said the country’s central bank as reported by local media. дальше »

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China’s DCEP Trials Restricted to Micro-Transactions, Says Central Bank

China’s central bank has denied rumors of its planned digital currency electronic payment (DCEP) system being used for large value transactions. The People’s Bank of China (PBoC), is currently coordinating central bank digital currency (CBDC) trials across several cities in the country. дальше »

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China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC Says

Coinspeaker China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC SaysThe People’s Bank of China (PBOC) has clarified the spreading rumors that the testing of its DCEP involves large cash transactions. дальше »

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China’s nationwide blockchain to add support for stablecoins

China appears to be in the final phases of testing its CBDC, digital yuan. The country recently expanded the tests to new cities, and its central bank revealed that the coin is only used for small retail transactions at this time. дальше »

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PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale

The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency. дальше »

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Russia’s Largest Bank May Issue Its Own Stablecoin

On the heels of new crypto legislation, Russia’s largest (and state-owned) bank is considering launching its own stablecoin to simplify blockchain transactions. A Stable Ruble Sergei Popov, director of Sberbank’s Transactions Business department, has raised the possibility of the issuance of digital tokens. дальше »

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Largest Russian commercial bank thinks about issuing digital ruble in 2021

Sberbank may issue a digital token pegged to the Russian ruble for settlements on transactions with digital financial assets. The decision will be made closer to 2021, when the cryptocurrency legislation will come into force in Russia. дальше »

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Russian Bitcoin Ban: Putin Outlaws Crypto as a Payment Means

Crypto as a payment means will become illegal in Russia as from 2021, following the signing of a bill into law by President Vladimir Putin. The move serves as a middle ground between the central bank’s clamor to make crypto transactions illegal and the more moderate wishes of crypto proponents in the country. дальше »

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Italian banks develop blockchain for bank transactions

A huge 85% of Italian banks have adopted blockchain as a solution for interbank...

The post Italian banks develop blockchain for bank transactions appeared first on Coin Journal.

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Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank

Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus. дальше »

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Thailand: Central Bank Deploys CBDC to Large Corporations

Thailand’s central bank is continuing developments on the central bank digital currency (CBDC) project as the apex bank will test its CBDC for transactions among large businesses. Thailand’s CBDC Reaches Third-Stage Development According to a report by the Nation Thailand on Thursday (July 16, 2020), the Bank of Thailand (BOT) CBDC project is already atRead MoreRead More. дальше »

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Santander Expands One Pay FX to 19 Countries With Ripple

Santander has expanded its One Pay FX app, the transformative cross-border payments solution, to 19 countries in a partnership with Ripple. Spanish multinational commercial bank Banco Santander has partnered with Ripple to facilitate speedy and transparent cross-border transactions. дальше »

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