RBS Chief: Free Bank Accounts Won’t Exist In The Future, Become a Thing of the Past

2019-5-11 19:00

Royal Bank of Scotland’s chief executive Ross McEwan recently said that he thinks that people will soon have to start paying for their bank accounts. In his opinion, the public has no idea about the level of service that goes into the banking industry.

Regarding this, he said: “There's 50,000 ATMs across the UK and […].

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European Central Bank President Mario Draghi: ‘Bitcoin, Cryptocurrencies Are Not Real Currencies’

Mario Draghi, the president of the European Central Bank (ECB), said during a dialogue with students that cryptocurrencies are not real currencies. He has also stated that cryptos are “very, very risky assets” but they do not really have to be something for central banks to be worried about. Mario Draghi Talks About Cryptocurrencies As […]

2019-5-8 22:04


‘Shut Down Cryptocurrencies’ Says Joseph Stiglitz As Fiat Markets Tumble

Two of the world’s most infamous Bitcoin naysayers hit the headlines for the wrong reasons yet again May 6 amid global financial market turmoil. Stiglitz: Crypto Attention ‘Disturbed Me’ As stocks plummeted on the back of fresh threats of a US-China trade war, Joseph Stiglitz, the former World Bank head who has recently become known for his distaste for cryptocurrency, said the whole phenomenon “should be shut down.

2019-5-6 20:00


Новости криптовалют сегодня, 4 мая 2019

Тут новости криптовалют сегодня от авторов блога «Новости криптовалют». Статтья обновляется в течение дня. Cointelegraph Директор центрального банка Сингапура Моханти сказал, что видит потенциал в блокчейне для трансграничных платежей.

2019-5-4 10:26


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Dutch central bank tested blockchain for 3 years. The results? ‘Not that positive’

The Dutch central bank developed and evaluated four distributed ledger technology (DLT) prototypes in three years, but so far blockchain hasn’t lived up to the hype, The Banker reports. In fact, the only use-case it can easily envision is cross-border payments, after it discovered that markets with efficient payment systems that exist (such as Nordic countries and the Netherlands) don’t really benefit from blockchain.

2019-5-1 17:15


Ripple Partner Bank of England’s Governor Promises to Reinvent the Central Bank for ‘Fourth Industrial Innovation’

Mark Carney, the governor of Bank of England vows to reinvent the central banks to make it fit for the “new economy” of “Fourth Industrial Revolution.” The central bank has been opening up its payments infrastructure to fintech startups, said the governor, making climate change a key priority and embracing artificial intelligence to help the […]

2019-4-30 18:34


Strong Dow Recovery Shouldn’t Surprise with Robust U.S. Economy

From April 11 to 12, within a two-day span, the Dow Jones experienced a recovery from 26,062 points to 26,412 points, by 1. 34 percent. Throughout early April, the Dow Jones had struggled to show momentum above the mid-25,000-point level, possibly due to the lack of clear stimuli for short-term growth and the uncertainty surrounding the trade talks between the U.

2019-4-14 17:23


The Philippines’ Central Bank Has Already Legalized 10 Bitcoin Exchanges

According to local reports, the Bangko Sentral ng Pilipinas (BSP) has approved three crypto exchanges, bringing the total number of approved crypto exchanges to 10. The Manila Times reported: “Melchor Plabasan, officer-in-charge at the Technology Risk and Innovation Supervision Department of the central bank, said newly approved were Bexpress Inc.

2019-4-10 15:12


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Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).

2019-4-3 00:47


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Lambo, Land Rovers taken during $22M ICO fraud investigation

In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.

2019-4-1 17:04


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Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

2019-3-23 17:29