2021-6-5 14:29 |
The Reserve Bank of India's ban on banks' dealings with crypto may be defunct but the institution remains apprehensive of — if not outright hostile to — cryptocurrencies.
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The cryptocurrency market remains under pressure, the price of Bitcoin went below $31000 support this Wednesday, and the risk of further declines is still not over. Bank of China announced that digital tokens couldn’t be used as a form of payment, and this announcement created a sell-off.
2021-5-19 23:15 | |
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Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament.
2021-4-14 21:15 | |
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The latest fund manager survey conducted by Bank of America shows that Bitcoin is the second-most crowded trade
2021-3-16 18:29 | |
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The Federal Reserve Bank of St. Louis is part of the U.S. central bank. While legal status of Bitcoin remains unclear, it releases a report on what DeFi segment is
2021-2-10 18:54 | |
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The bank strategists see crypto investing best to protect against the loss of faith in a country's fiat currency or payment system. The post Crypto Assets Are The ‘Poorest Hedge,’ BTC Remains an Investment Vehicle: JPMorgan first appeared on BitcoinExchangeGuide.
2021-1-22 19:55 | |
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Another crypto player has taken steps to go mainstream, but a lot of work still remains ahead.
2020-12-10 23:56 | |
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The European Central Bank (ECB) has been talking a big game about its forthcoming digital euro, particularly considering its functionality. However, the agency remains resolute in its stance that it shouldn't rush an asset and instead move with caution.
2020-12-1 00:08 | |
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$283,295,101 in Bitcoin has been transferred by crypto whales for a fee that no bank would ever offer; meanwhile, BTC remains in the $13,000 range
2020-10-23 11:57 | |
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Bitcoin remains one of the best-performing assets this year, now sitting atop more than 60 percent gains. The benchmark cryptocurrency on Monday nearly hit $12,500, a level it had not touched since July 2019.
2020-8-20 11:05 | |
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While not every lawmaker was on board with the idea of a central bank digital currency during a Senate Banking Committee hearing Tuesday, no one explicitly rejected it either.
2020-7-1 03:00 | |
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'To bank the unbanked' is among the most popular mottoes of Bitcoin (BTC) proponents worldwide, but one of them thinks it doesn't apply to the U.S.
2020-3-1 17:55 | |
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Russia remains a very unusual country when it comes to crypto assets. Following the launch of Atomyze, that situation may come to change in the near future. Big was people’s surprise when Vladimir Potanin introduced his vision of Atomyze.
2020-2-29 06:00 | |
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Recent reports indicate that Japan might be moving towards launching its own CBDC, although uncertainty remains high due to reports that deny the decision. Japanese lawmakers might be moving in on the crypto space Ever since Facebook confirmed the rumors that it plans to launch its own cryptocurrency, lawmakers, regulators, and central banks around the world started taking the crypto sector a lot more seriously.
2020-1-24 14:32 | |
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It has been over two years since the People’s Bank of China (PBoC) effectively banned crypto exchanges and trading. Yet, China remains a key topic in the crypto space in 2020. Three important aspects of China’s crypto sphere investors have to consider are: the prosperous local bitcoin mining industry, rapidly growing blockchain development, and the […] The post What’s happening with crypto in China? 3 things investors should consider appeared first on CryptoSlate.
2020-1-14 00:00 | |
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A recent survey conducted by Canada’s central bank regarding Canadians’ thoughts on Bitcoin showed interesting results. While the Bitcoin and crypto market in the US remains unregulated and uncertain, it is worth remembering that many other countries have a more positive and friendly stance towards these nascent and fledgling technologies.
2019-11-8 18:33 | |
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Bitcoin is trading at a large premium on cryptocurrency exchanges in Argentina. Demand remains high after the nation’s central bank announced a further tightening of a limit on the number of dollars an individual can purchase from it each month.
2019-10-30 23:00 | |
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Plans are underway from the Bahamas' Central Bank to unleash its digital coin. The announcement was made recently, and the bank said that this was in a bid to make the economy more resilient. Having their digital currency will ensure the economy remains stable even in times of natural disaster occurrences. The governor of the […]
2019-10-26 19:27 | |
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Galaxy Digital CEO, Mike Novogratz remains bullish on Bitcoin’s long term price while speaking in an interview with CNBC on Thursday. The bullish statements follow the recent investment in Current, a millennial and Gen-Z focused bank with a blockchain wallet, by Galaxy Digital, who led the $20 million Series B funding round. Mike further confirmed […]
2019-10-25 23:28 | |
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President of the Russian Central Bank, Elvira Nabiullina, believes there is no immediate need for Russia to explore launching a sovereign digital currency. Despite having studied and researched these topics, the central bank doesn’t believe there are any obvious benefits to the economy, as reported by TASS, October 10, 2019 Happy With Current Monetary RegimeRead MoreRead More.
2019-10-11 21:00 | |
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Bitcoin proponents are raising awareness of fiat currency alternatives for Zimbabweans after the country’s central bank suddenly banned a popular payment option. Central Bank Halts Mobile Cash Overnight As local news outlet TechZim reported on September 30, the Reserve Bank of Zimbabwe (RBZ) has shut down so-called cash-in, cash-out transactions.
2019-10-1 19:00 | |
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U. S. stocks are set for a strong opening based on pre-market data as the Federal Reserve turns dovish, increasing chances of additional cuts on the interest rate, alleviating pressure from the stock market.
2019-9-30 14:35 | |
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A new report emerged yesterday claiming that Venezuela’s central bank is considering using the Bitcoin and Ether reserves at its disposal to alleviate the country’s seemingly never-ending economic woes.
2019-9-28 09:27 | |
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So far there has been little indication that US regulators will change their harsh stance towards bitcoin and the crypto industry. Blinkered by false notions, they continue with their anti-crypto rhetoric making America one of the most highly regulated countries for crypto startups.
2019-9-20 14:00 | |
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The Dow pounded toward session highs on Friday afternoon after Federal Reserve Chair Jerome Powell clapped back at recession panic and assured investors that the central bank is committed to ensuring that inflation remains close to target.
2019-9-7 21:31 | |
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Holding or trading cryptocurrencies like bitcoin is not banned in India, union minister Anurag Singh Thakur told the upper house of Indian parliament. The Minister of State to Ministry of Finance said the issues of permitting the trading of/in cryptocurrencies remains under examination of a government-appointed interministerial committee.
2019-7-19 16:00 | |
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Despite talk of India leading the tech revolution and the ‘Digital India’ campaign, the present government remains hesitant about embracing cryptospace. Consequentially, several crypto-businesses have either tasted the dust or found shelter in crypto-friendly countries such as Australia.
2019-6-5 16:00 | |
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According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets.
2019-5-24 02:00 | |
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Sa Xiao, Council Member at the Bank of China Law Research Association, was reported as saying that holding Bitcoin in China is still legal. Xiao added that in addition to that, trading Bitcoin amongst individuals remains legal in the country.
2019-5-22 14:29 | |
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Federal prosecutors indicted Reginald Fowler, 60, of Arizona and Ravid Yosef, 36, of Tel Aviv on grounds of hiding the true nature of hundreds of millions of dollars transferred in and out of their several bank accounts around the world, reported Bloomberg May 1, 2019.
2019-5-2 12:00 | |
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SBI Holdings is confident that XRP will be a successful and widely-adopted digital asset for international remittance and settlements, possibly becoming a leader of the Virtual Currencies sector. In its 2018 Fiscal Year (FY) report, published last Friday, SBI provided a financial overview of its virtual currency ecosystem, which includes Proof-of-Work (PoW) mining activities as […] The post Ripple-Partnered Bank Remains Optimistic About XRP appeared first on Crypto Briefing.
2019-4-30 20:57 | |
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By CCN. com: The courtroom battle between the Indian cryptocurrency exchanges and the Reserve Bank of India (RBI) has reached its ninth month but remains far from conclusion. On March 29, the Supreme Court of India moved the hearing to a new date in July.
2019-4-4 11:21 | |
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Several users have reported that the US Federal Reserve Bank’s real-time settlement system has gone offline for a brief period of time. This prevented banks from completing a number of transactions, further highlighting the issues of centralized systems.
2019-4-2 20:00 | |
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Private bank, Federal Bank Ltd. in India, has partnered with Ripple to facilitate international payments. In an announcement to the Bombay Stock Exchange (BSE), the Federal Bank confirmed its partnership with blockchain technology firm Ripple.
2019-3-29 16:49 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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The cash-grab brings the Singapore tech firm’s valuation up to $14 billion, according to press reports. Singapore-based ride-hailing firm Grab has packed its war chest with $1. 5 billion in fresh equity financing from Soft Bank’s Vision Fund this week.
2019-3-7 00:31 | |
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Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions.
2019-3-1 21:30 | |
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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.
2019-2-15 01:45 | |
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Mike Novogratz — the CEO of cryptocurrency merchant bank Galaxy Digital — admits that the Crypto Winter will probably last longer than he had anticipated. However, the Goldman Sachs alum still believes that institutional investors will eventually enter the market, and remains an avowed bitcoin bull.
2019-2-4 18:50 | |
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Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings.
2019-1-26 20:04 | |
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Dutch multi-national banking giant ING has signed a five-year deal with a blockchain services firm to roll out distributed ledger tech into a range of business areas ING will join forces with R3 to obtain an unlimited number of licenses for its commercial (read: private permissioned) blockchain platforms Corda Enterprise platform and CorDapps.
2019-1-22 17:39 | |
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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.
2019-1-11 21:17 | |
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XRP is the world’s third largest digital currency by market cap. This past week, XRP’s largest holder, Ripple, announced five new banking partnerships to bolster the digital currency. XRP ended 2018 as the world’s second most valuable cryptocurrency.
2019-1-9 13:20 | |
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In this world of financial uncertainties, one has to wonder how cryptocurrencies and digital assets will pan out in 2019 and beyond. For XRP, it would seem the downtrend is still in place right now, even though there are some interesting gains in the BTC department.
2018-12-14 13:19 | |
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German blockchain startup Bitwala has launched crypto banking in Germany. After securing €4 million (roughly $4. 5 million) from VC firms Earlybird and Coparion in September of 2018 to develop a crypto banking solution, the company has allegedly amassed a waiting list of 30,000 potential users.
2018-12-13 22:32 | |
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The Mike Novogratz-led Galaxy Digital Holdings LP suffered $76 million in third-quarter losses, taking the company’s losses in 2018 so far to a grand total of $175 million. Galaxy Digital Q3 Losses Total $76 Million As Bear Market Continues Cryptocurrency merchant bank, Galaxy Digital, has released its quarterly earnings report, and the results from the.
2018-11-30 02:00 | |
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Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
2018-11-15 17:45 | |
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The price of bitcoin remained firm this week, gaining about half a percent, versus last week’s close amidst low volatility despite news out of China that suggests that the People’ Republic’s central bank’s stance towards digital currencies will not turn positive again anytime soon.
2018-11-13 21:00 | |
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The noise that surrounds economic relations between the United States and China is amping up exponentially. You can thank the latest trade wars for that, as fresh tensions boil over between the two nations who are currently trading new tariffs on imports, with no shortage of ill will underpinning the moves.
2018-10-10 23:38 | |
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Federal Reserve Bank of Boston Vice President Jim Cunha discussed his views on cryptocurrency adoption and limitations at Forbes’ Annual 30 under 30 Summit on Oct. 2, highlighting asset security remains a significant concern for institutions.
2018-10-4 18:00 | |
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The Indian crypto exchange was under investigation by local authorities for money laundering allegations which caused a freeze on over $8.1 million in bank account funds.
The Indian government’s recent announcement of a 30% tax on crypto returns has sparked an industrywide discussion on its feasibility.
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan.
The Cryptocurrency and Regulation of Official Digital Currency Bill doesn't appear among the bills that India's lower house will consider as it concludes the winter session.
“Crypto exchanges want to be part of IndiaTech because we have moved the needle in the past few months on the narrative and perception of this industry," said Rameesh Kailasam.
Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry.