2022-10-1 18:41 |
Planned capital requirements for bitcoin could make it harder to curb risks and undermine financial reforms, the industry group is to tell the Basel Committee on Banking Supervision origin »
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The world’s banking industry is ever-evolving, with new trends and disruptive opportunities emerging every year. In 2020, the global pandemic gave rise to a large shift in consumer behavior in almost every industry.
2021-6-8 19:53 | |
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CEOs of different recognized banks have testified before the US House of Representatives Financial Services Committee regarding how the banking industry has changed over the last 10 years. The meeting took place on April 10, and other topics such as digital currencies and blockchain technology have also been addressed. Since Bitcoin’s creation 10 years ago, […]
2019-4-11 20:13 | |
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The cryptocurrency industry is primarily focused around revolutionizing the fintech and banking industry as the first cryptocurrency ever created,… The post VeChain’s Expansion Continues: Partnership with Chinese Giant Of Electronics and Home Appliances appeared first on Invest In Blockchain.
2019-4-11 06:06 | |
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Characteristics such as decentralization and freedom of access have allowed cryptocurrencies to emerge not only as alternatives, but also as competitors to legacy financial systems. Part of the reason why the industry has emerged so is the fact that there is a widespread perception that the traditional financial and banking systems are morally corrupt.
2019-4-8 13:30 | |
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In an official blog post published on April 4, 2019, the Viennese cryptocurrency brokerage platform Bitpanda confirmed that it has received a license to operate as a payment service provider in Austria.
2019-4-4 20:17 | |
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For many companies, entrepreneurs and freelancers working in the crypto industry, accounting is an essential part of their day-to-day business activities. A number of platforms now offer services tailored to meet those needs including features such as cryptocurrency invoicing.
2019-4-4 09:58 | |
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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.
2019-4-2 21:54 | |
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Two companies from different parts of Europe have recently announced new products that cater to the financial needs of businesses in the crypto industry. The services range from opening bank accounts to providing payment processing solutions.
2019-3-30 16:59 | |
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Decentralized finance (DeFi): The industry of financial services built on the blockchain for the purpose of removing consumers’ dependency on the banking system, enhancing financial security, and expanding consumers’ financial capabilities.
2019-3-28 18:00 | |
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2018’s most powerful woman in banking, Cathy Bessant, is admittedly bearish on distributed-ledger technology — despite the fact that the company for which she is the tech and operations chief, Bank of America (BofA), has the most blockchain patents in the financial services industry.
2019-3-27 17:00 | |
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The contention between the industry of cryptocurrency and banking institutions may have been furthered by an unlikely third party, with an even more unsuspecting alternative proposed as a substitute.
2019-3-24 21:37 | |
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SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co. , Ltd. , officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions.
2019-3-23 20:45 | |
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The Bank Independent Network is a new initiative that seeks to apply blockchain technology into the Banking and Finance industry in order to recreate a new financial era by replacing the current banking system.
2019-3-22 09:50 | |
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Cryptos will ultimately replace the banks, right? Wrong. At least not according to one executive at JPMorgan Chase. The traditional banking industry is so intertwined with society that it’s practically impossible to uproot, he believes.
2019-3-21 18:24 | |
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Banking technology firm Avaloq has joined the Enterprise Ethereum Alliance (EEA). The EEA is a global non-profit consortium of companies hailing from several major industries, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance.
2019-3-19 20:52 | |
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An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account.
2019-3-20 18:53 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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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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Central banks around the world have been notably removed from all things blockchain, and are more than mildly averse to serving cryptocurrency-related businesses. While large banking conglomerates like JP Morgan Chase and Bank of America often cannot be reached for comment on the issue, the general consensus among banks who reject cryptocurrency is that the […] The post Underbanked Crypto Industry Forced To Innovate Solutions appeared first on Crypto Briefing.
2019-3-18 16:38 | |
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In a recent interview with right-wing media outlet Breitbart News, President Donald Trump said his administration is “very seriously” considering designating Mexican cartels as foreign terrorist organizations (FTOs).
2019-3-18 22:40 | |
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Not too long ago, Bitcoin Exchange Guide (BEG) covered news involving the Lightning Torch campaign, a Bitcoin imitation for Bitcoin Cash [BCH]. Its level of success is shocking, especially considering the fact that big names within the industry such as Jack Dorsey, Charlie Lee and many others took part in it. However, as per an […]
2019-3-15 21:27 | |
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BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money
2019-3-13 15:11 | |
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Distributed ledger technology is a much-discussed area due to its ability to transform traditional banking, especially in areas of lending and borrowing. Two specific areas that such technology works to resolve in the banking industry is liquidity and application of legal actions.
2019-3-12 18:00 | |
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U.S. commercial bank Signature will start to offer a full range of banking services to licensed fintech companies in Bermuda, including those in the digital asset industry. The bank has reached an agreement with the government to provide the service, moving in to fill the gap left by local banks, which have been reluctant to […] The post America’s Signature Bank to Offer Services to Bermuda Crypto Companies appeared first on Bitcoin News.
2019-3-2 06:40 | |
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ICONLOOP, the South Korean development company behind the project ICON, has recently denied the rumors that the company is trying to hold an Initial Public Offering (IPO) soon. All the rumors started after a local media company called Pulse News used an unnamed source from the banking industry to affirm that ICONLOOP was trying to […]
2019-2-28 22:11 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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The Wyoming state government has been expanding its status as a hub for crypto and blockchain technology by passing several new bills this February. According to Wyoming-based blockchain advocate Caitlin Long, the state of Wyoming has recently passed resolution SF0125 on February 14, 2019, claiming that Wyoming “law recognizes property rights in the direct ownership of digital assets.
2019-2-15 22:18 | |
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CoinSpeaker JP Morgan’s Newly-Created JPM Coin Sparks Ambivalent Feelings Within Crypto Community As the payment flow of JPM Coin demonstrates several of Ethereum’s core benefits for the finance and banking industry, some are afraid of the impact JPM Coin may have on other coins, including Bitcoin, XRP, and the crypto market in general.
2019-2-15 15:20 | |
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On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoin called JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run.
2019-2-15 11:37 | |
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After first calling Bitcoin a fraud in 2017, JP Morgan Chase CEO Jamie Dimon later said he regretted the statement in 2018. Now his firm has announced a new crypto called JPM Coin that’ll be used to instantaneously settle payments between banking clients in a similar vein to Ripple’s XRP.
2019-2-15 23:00 | |
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U.Today explores the wide-reaching implications of Blockchain technology for the global banking industry in 2019
2019-3-27 21:47 | |
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For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc.
2019-2-15 20:28 | |
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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.
2019-2-15 20:14 | |
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Korea Exchange Bank (KEB Hana Bank) Joins The Blockchain Technology Bandwagon Korea Exchange Bank (KEB Hana Bank) has announced it has filed 46 patent applications with the nation’s authorities to enable its develop various distributed ledger technology (DLT) based systems, reports local news source ZDNet on February 13, 2019.
2019-2-14 23:53 | |
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A new point-of-sale (PoS) app released by Zap allows merchants to independently accept transactions on the Lightning Network. Jack Mallers, the founder of Zap, described some of the properties of this new app on a recent Twitter thread.
2019-1-26 01:39 | |
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The Institute for Development and Research in Banking Technology (IDRBT) of Reserve Bank of India (RBI) has unveiled a blueprint for the implementation of blockchain technology in the Indian banking sector, reports Financial Express on January 23, 2019.
2019-1-24 14:00 | |
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Blockchain Technology To Improve Healthcare Industry, Expert Says Events in the last few weeks suggest that the crypto industry and blockchain technology is on the path of growth as well as a possible global mass adoption.
2019-1-23 23:51 | |
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CoinSpeaker Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector Blockchain is a disruptive technology that will fundamentally change the banking industry.
2019-1-22 00:14 | |
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Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent.
2019-1-16 01:54 | |
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Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned.
2019-1-12 17:00 | |
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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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Cryptocurrency regulation is still a confusing issue at the moment. While some countries encourage crypto-related activities by enacting industry-friendly regulations, there are others that are a bit too stringent in their approach due to fears that unforeseen crypto industry problems – such as ICO scams or major market crashes – might spill over to the […] European Banking Authority Says Crypto Asset Activity Is Still Too Small to Affect Financial Stability was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.
2019-1-12 13:59 | |
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Cryptocurrency regulation is still a confusing issue at the moment. While some countries encourage crypto-related activities by enacting industry-friendly regulations, there are others that are a bit too stringent in their approach due to fears that unforeseen crypto industry problems – such as ICO scams or major market crashes – might spill over to the […] European Banking Authority Says Crypto Asset Activity Is Still to Small to Affect Financial Stability was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.
2019-1-11 13:59 | |
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Ripple Inc. has done well in focusing on lifting the banking industry from the impact of the last financial crisis which pushed banks into struggling to keep afloat. Liquidity challenge faced by banks mostly when it comes to interbank transactions is now a thing of the past with Ripple’s decentralized financial tools.
2019-1-10 21:44 | |
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When blockchain technology broke into the scenes, its capability wasn’t known to many sectors but only the financial industry. Even though the technology was new, entities within the world of finance knew there was an incoming revolution with Blockchain technology being the mastermind.
2019-1-8 13:09 | |
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In today’s edition of The Daily, we feature a couple of stories that show how the U. S. is potentially stifling the development of the local cryptocurrency industry by burdening companies with costly compliance.
2019-1-6 16:00 | |
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While governments and banks in some countries are trying to hamper the development of cryptocurrency-related businesses, other locations are cashing in on the investments and new jobs that the industry brings.
2019-1-4 01:15 | |
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If there’s one thing the mainstream business media and their allies in banking managed to achieve in 2018, it was to throw shade on the entire blockchain industry. There’s no proven use-case. It’s a work-in-progress.
2019-1-1 21:17 | |
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Crypto participants continue to admire the tenacity (and audacity) of the legacy banking industry, which has accumulated fines exceeding $243 billion over the last decade. In the latest instance of no-wrongdoing-admitted, two major Wall Street banks have received a one-two punch from regulators, agreeing to pay stiff fines for lapses in AML procedures and trading […] The post Crypto Shrugs As JPMorgan Gets Schooled By SEC Yet Again appeared first on Crypto Briefing.
2018-12-28 21:23 | |
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The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.
U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.
Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.
The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.