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QuadrigaCX CEO Widow Sells Estate Assets, Reportedly Places Others in Trust
Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys. дальше »
2019-2-15 22:06 | |
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Is The Future Of Ripple’s XRP Coin In Jeopardy With JP Morgan’s Digital Asset For Financial Transactions?
JP Morgan could damage Ripple’s intention to become the new company that processes international financial transactions between companies and banks. JP Morgan Chase will be issuing its own digital asset called JPM Coin. дальше »
2019-2-15 08:12 | |
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Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors
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. дальше »
2019-2-15 01:45 | |
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Freelancers on Traditional Platforms Can Now Invoice in Bitcoin Via Bitwage
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. дальше »
2019-2-15 20:14 | |
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Mitsubishi UFJ Bank to Launch Blockchain-Powered Payments Platform in 2020
Japan’s Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world with more than $2 trillion in assets, is collaborating with Akamai Technologies Inc. , to launch a distributed ledger technology (DLT) based payments system called Global Open Network, according to a press release on February 13, 2019. дальше »
2019-2-14 18:00 | |
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Newsflash: Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency
One of Wall Street’s fiercest bitcoin critics may have been playing us all along. JP Morgan Creates ‘JPM Coin’ Cryptocurrency JP Morgan, the gargantuan investment bank led by Jamie Dimon, just became the first major US financial institution to launch its own cryptocurrency. дальше »
2019-2-15 15:34 | |
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Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account
Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance. дальше »
2019-2-14 23:10 | |
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First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet
According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019. дальше »
2019-2-13 03:56 | |
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Cryptocurrency in the developing world needs a fresh approach
It’s a common narrative that cryptocurrencies will provide a platform for the millions of unbanked individuals in the world to obtain financial freedom. In the developing world, around 50 percent of people over the age of 25 have a bank account. дальше »
2019-2-12 19:20 | |
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UnionBank Launches Two-Way Bitcoin ATM in the Philippines
The UnionBank of the Philippines, one of the leading financial institutions in the country, has launched a two-way bitcoin automated teller machine (ATM), according to a story in local media outlet Philstar. дальше »
2019-2-12 00:10 | |
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Philippines’ Central Bank Helps Launch Bitcoin ATM
One of the largest banks in the Philippines, Union Bank, has collaborated with the country’s central bank to launch a Bitcoin ATM, allowing customers to both buy and sell bitcoin for cash. Union Bank Launches Its First Bitcoin ATM Union Bank in the Philippines has launched its very first two-way Bitcoin ATM, according to a release. дальше »
2019-2-11 21:00 | |
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A Major Philippine Bank Just Launched Crypto ATMs and it May Fuel Massive Bitcoin Adoption
According to local publications, Union Bank of the Philippines, one of the largest commercial banks in the Philippines, has launched the country’s first crypto ATM. The bank said in an official statement obtained by Philstar that the purpose of the ATM is to provide local users an easy way to convert cryptocurrency to fiat and vice versa. дальше »
2019-2-11 10:52 | |
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Blockchain and Crypto Enthusiast is Proposed by Brazil’s New President as Head of The Central Bank
Brazil’s new president, Jair Bolsonaro, has decided to promote a technological evolution and make the country a regional reference in the adoption and use of blockchain and digital assets to optimize the control and design of public policies. дальше »
2019-2-9 05:23 | |
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Is Euro in Big Trouble? After Deutsche Bank’s Failure, French Giant BNP Warns ‘Extreme Market Conditions’
With newly released data showing slower growth in the euro-zone, the struggle of Deutsche Bank, and BNP Paribas cutting $683 million in expenses, the euro may be in deep trouble. In the last quarter of 2018, a period in which even U. дальше »
2019-2-7 17:20 | |
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Mining Bitcoin or the ‘Crypto-Ruble’ Just Another Form of Counterfeiting, Claims Russian Banking Chief
The head of VTB Bank, a major Russian financial institution that sees the government as its majority shareholder, has compared bitcoin mining with counterfeiting. Andrei Kostin, who serves as the president and the chairman of the management board of VTB Bank, said Monday during an event that any person who prints digital money to replace Russian Ruble was counterfeiting the state-backed fiat. дальше »
2019-2-6 10:15 | |
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Hacker Gets 10 Years in First SIM-Swapping Sentencing in the U.S.
According to a recent report, Joel Ortiz, the 20-year-old student from Boston who was indicted by prosecutors in Santa Clara, California, has been sentenced to 10 years in prison in what is believed to be the very first SIM swapping conviction in the United States. дальше »
2019-2-6 01:17 | |
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Leaked Documents Suggest Mt. Gox Trustee’s Bitcoin Sales Impacted Market Prices
On Tuesday, Feb. 5, the infamous Goxdox blog returned to inform the public of more detailed Mt. Gox information that “no one wants you to know about. ” According to Goxdox, the Mt. Gox trustee Nobuaki Kobayashi’s bank book shows that he previously sold large sums of BTC and BCH using the exchange Bitpoint. дальше »
2019-2-6 00:54 | |
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Iranian Banks Support New PayMon Cryptocurrency Backed By Gold and Kuknos Blockchain Startup
Four banks based in Iran have united to create a cryptocurrency backed by gold which will be called PayMon. According to the original reports, which were made by the Financial Tribune, the asset was created via a partnership of the Bank Pasargad, Bank Mellat, Parsian Bank and the Bank Melli Iran. This new crypto will […] дальше »
2019-2-6 00:24 | |
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Iran releases gold-backed cryptocurrency
Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves. дальше »
2019-2-8 17:22 | |
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Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies
Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts. дальше »
2019-2-5 13:25 | |
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New Tencent Survey Shows Top Economists in China are Torn on Central Bank Digital Currency (CBDCs)
According to a recent survey that was conducted by Tencent’s fintech think tank, top economists in China are divided about Central Bank Digital Currencies (CBDCs) and their effect on the economy. Some of them believe that the effects could be very positive, while others think that they would have a negative influence. According to Jiemian […] дальше »
2019-2-4 21:33 | |
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Report: Initial Coin Offerings (ICOs) for SME Financing
Small to medium enterprises serve as the backbone to many of the world’s developed and emerging economies. These are companies with fewer than 250 employees, who contribute up to 60 percent of total employment and up to 40 percent of a nation’s income (GDP) to their economies according to the World Bank. дальше »
2019-2-3 15:00 | |
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South Korean Central Bank Of Korea (BOK) Will Not Issue A CBDC Digital Currency Soon
South Korea’s Central Bank Will Not Issue A Digital Currency Soon The Bank of Korea, which acts as the central bank of the Asian country, has recently affirmed that it would not issue a central bank digital currency (CBDC), a popular idea that many banks are considering at the moment. According to the bank, which […] дальше »
2019-1-29 21:20 | |
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Saudi Arabia and UAE confirm joint cryptocurrency trial
Saudi Arabia’s and the United Arab Emirates’ (UAB) central banks have teamed up to test a new cryptocurrency. The Saudi Arabian Monetary Authority (SAMA) and the Central Bank of the UAE confirmed the news in a joint statement released today. дальше »
2019-1-29 17:23 | |
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Premier Belarus Bank to Launch Crypto Exchange Despite Bear Markets
Belarusbank, the largest bank in Belarus, has reportedly revealed plans to launch a cryptocurrency exchange regardless of the ongoing crypto winter that has triggered more than 80 percent drop in the price of bitcoin, this according to local news source, BelTA, January 28, 2019. дальше »
2019-1-29 14:00 | |
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JPMorgan Chase Bank: Crypto Assets Would Only Be Valuable In Dystopian Economies
It looks like the investment bank JPMorgan Chase is set to continue its crusade against cryptos. The company has recently emitted a new note to its clients affirming that the staff was very skeptical about cryptos and their value. дальше »
2019-1-28 20:09 | |
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Novogratz’s Galaxy Digital Seeks $250M to Fund Crypto-Collateralized Loans
Reports indicate that Galaxy Digital is looking to raise $250 million to fund loans to cryptocurrency companies. Cryptocurrency Bank Set for Fundraising Round According to Business Insider, the cryptocurrency bank wants to offer cryptocurrency-collateralized US dollar loans to companies operating in the industry. дальше »
2019-1-28 15:00 | |
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JPMorgan & Chase: Only Low-Cost Chinese Bitcoin Miners in Profitable Positions
Analysts at JPMorgan Chase & Co. are claiming that Bitcoin is no longer worth the cost to mine it — and only low-cost Chinese miners are in a winning position. The analysts at the American multinational investment bank and financial services company found that the production-weighted cost per bitcoin averaged just above $4,000 worldwide in Q4 2018. дальше »
2019-1-28 06:00 | |
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Don’t call it an ‘exit’ — An entrepreneur’s guide to selling your startup
Every startup is a seed about to grow into something bigger, whether as an independent company or as a perfect fit for an even larger organization. You may not have started your company with this notion in mind, but eventually your employees, investors, and partners will want to know where you’re taking the company. дальше »
2019-1-27 16:30 | |
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Health Consortium Teams with IBM to Use Blockchain in Medical Data Management
According to a Fortune report published on January 24, 2019, a consortium comprising of companies like Anthem, Aetna, and PNC Bank, has inked a partnership with IBM to utilize the latter’s expertise in blockchain technology to streamline the process of organizing medical data records. дальше »
2019-1-26 16:00 | |
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Mike Novogratz’s Galaxy Digital Is Raising a $250 Million Credit Fund for Crypto Firms
Bitcoin bull Mike Novogratz’s crypto merchant bank Galaxy Digital is raising at least $250 million to offer loans in USD to crypto firms looking for cash, reported Business Insider on Jan. 25. According to people familiar with the matter, borrowers will get loans by using cryptocurrencies, buildings, and even cryptocurrency mining hardware as collateral. дальше »
2019-1-25 16:49 | |
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Galaxy Digital Raising $250 Million to Offer Loans to Crypto Firms: Report
Michael Novogratz's crypto merchant bank Galaxy Digital is raising $250 million to build a credit fund, according to Business Insider. дальше »
2019-1-24 17:00 | |
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Dutch Bank Inks Five-Year Deal With R3
ING and R3 announced on January 22, 2019, that they have entered into a five-year deal that gives ING rights to the use of R3’s Corda platform across their business operations. Corda Goes Global According to a January 22, 2019 statement, ING, a Dutch Bank, and R3 have entered into a partnership that will see ING haunch access to R3’s. дальше »
2019-1-24 22:00 | |
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Bitcoin Should Look Away From PoW says BIS Report
The Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January 21, 2019. дальше »
2019-1-23 13:00 | |
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ABN AMRO Trials Bitcoin Wallet Where Bank Holds Private Keys
Dutch bank ABN AMRO has unveiled cryptocurrency storage facilities which will see its clients able to deposit Bitcoin (BTC) alongside fiat currency. 500 Clients Trial Bitcoin Storage In what appears to be a marked change of stance on the sector, officials confirmed a trial was underway with 500 account holders on social media January 22. дальше »
2019-1-23 11:30 | |
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Plus One For Crypto: Mastercard Fined $650m For Inflating Fees
One of the primary driving forces behind the adoption of cryptocurrencies is to liberate ourselves from excessive bank and credit card charges. Today’s news that the European Union has just levied a $650 million fine on Mastercard for purposefully increasing charges just reinforces that premise. дальше »
2019-1-23 08:47 | |
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Switzerland’s Falcon Private Bank Now Offering Clients Crypto-Fiat Withdrawals In ‘Fully Bankable’ Move
Falcon Private Bank, a Zurich-based bank has announced the launch of its cryptocurrency wallet aimed at making it easier for individuals and institutional investors to seamlessly store or exchange their cryptoassets for fiat money, according to a press release on January 21, 2019. дальше »
2019-1-22 14:44 | |
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Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials
CoinSpeaker Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials According to Huw van Steenis, senior adviser to Bank of England Governor Mark Carney, cryptos have no value and fail fundamental tests of financial services. дальше »
2019-1-22 12:33 | |
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No Ripple vs SWIFT Face Off as Head of Poland’s Second-Largest Bank Joins Brad Garlinghouse on Payment Systems 2020 Round Table
There has been lot of excitement among the Ripple and XRP community about the upcoming face off between Ripple CEO Brad Garlinghouse and Swift CEO Gottfried Leibbrandt on the upcoming Blockchain Economic Forum to be held on 24-26 January, 2019. дальше »
2019-1-21 20:46 | |
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Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work
Bitcoin’s problems are only solvable by departing from proof-of-work, according to research conducted by the Bank for International Settlements
дальше »2019-1-22 18:45 | |
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South Africa Wants to Mandate Registration of Crypto Service Providers
A regulatory working group in South Africa, which includes the country’s central bank, has released a consultation paper on crypto assets this week. According to the document, all exchanges, wallet providers, Bitcoin ATMs and payment processors will have to register with the government in 2019. дальше »
2019-1-18 00:25 | |
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Women aren’t failing at science — science is failing women
Female research scientists are more productive than their male colleagues, though they are widely perceived as being less so. Women are also rewarded less for their scientific achievements. That’s according to my team’s study for United Nations University – Merit on gender inequality in scientific research in Mexico, published as a working paper in December 2016. дальше »
2019-1-17 11:23 | |
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South Africa to Start Tracking All Cryptocurrency Transactions in 2019
Owning bitcoin in South Africa just got a little harder, or at least it will do by the end of quarter one this year. According to a consultation paper published yesterday by the South African Reserve Bank (SARB), some hefty new regulation surrounding and exchanges and ATMs is about to be enforced. дальше »
2019-1-16 23:00 | |
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French ATM Glitches and Bank Closures Reported After Scheduled Bank Run
The grassroots yellow vest movement in France has been participating in protests for weeks on end. Just recently, high profile yellow vest members have been promoting a “bank run” on financial institutions and automated teller machines in Paris. дальше »
2019-1-16 01:45 | |
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Swiss Bank Vontobel Launches First Regulated Crypto Custody Service Named ‘Digital Asset Vault’
Major Swiss Bank Launches Regulated Crypto Custody Services After Offering Bitcoin ETN Vontobel, a major private bank of Switzerland has launched a crypto custody solution that will cater to asset managers and banks. дальше »
2019-1-15 19:12 | |
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HSBC Settles $250 Billion Worth of Forex Trades on Blockchain in 2018
Global banking giant HSBC announced on Monday that it has settled over $250 billion in forex trades using blockchain tech in 2018. The bank showed its interest in blockchain technology last year when it made the world’s first trade finance transaction on blockchain in May 2018. дальше »
2019-1-15 16:29 | |
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HSBC leans on blockchain tech to process $250b worth of fx transactions
Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology. According to a report, the transactions, completed over the past year, were worth $250bn. дальше »
2019-1-14 20:56 | |
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