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Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction. дальше »
2020-7-8 21:25 | |
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Fed Reserve of Philadelphia Research: Account-Based CBDCs May Replace Commercial Banks
A research paper published on June 1, 2020, by the Federal Reserve of Philadelphia shows account-based central bank digital currency (CBDC) could potentially replace the role of commercial banks if panic runs are managed and commercial banks are given a level playing field in the money market. дальше »
2020-6-6 19:06 | |
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In-Depth CBDC Report Published by Federal Reserve Bank of Philadelphia
Researchers at the Federal Reserve Bank of Philadelphia recently published a paper exploring the potential impact of a Central Bank Digital Currency on our financial system. The report noted that in addition to eliminating the need for cash, a CBDC should prevent future bank runs by giving the US Federal Reserve a monopoly on deposits. дальше »
2020-6-5 10:21 | |
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Brazil’s New Blockchain Data Tool Cost $250K, Runs on Quorum
Brazil's central bank spent 1.3 million Brazilian reals (USD $250K) over two years building its new database for financial regulators on Quorum, replacing a slow and expensive paper-based system with a fully digitized version. дальше »
2020-4-11 21:00 | |
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FDIC’s Ridiculous Ad to Stop Bank Runs Is Sending the Opposite Signal
The Federal Deposit Insurance Corporation (FDIC) is ciscouraging people from withdrawing money from their banks. What are they trying to hide? The post FDIC’s Ridiculous Ad to Stop Bank Runs Is Sending the Opposite Signal appeared first on CCN.com дальше »
2020-3-25 17:53 | |
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Ultimate Test for Fiat as US Bank Runs Loom
It started as being “just one person coming in from China… We have it under control,” the President said. “It’s going to be just fine. ” Two months later, the U. S. and Europe are national states of emergency and banks in locked-down New York are starting to run out of cash. дальше »
2020-3-17 13:00 | |
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Siam Commercial Bank Launches ‘SCB Easy’ that Runs on Ripple & Sends Money Within 40 Sec
Thailand’s oldest bank, Siam Commercial Bank (SCB) has taken to change the lives of over 16 million customers by launching SCB Easy, a mobile application that runs on Ripple to deliver instant and low-cost cross-border payments. дальше »
2020-1-9 17:59 | |
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An App for Millions That Runs on Ripple
Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. дальше »
2020-1-10 22:08 | |
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An App For Millions That Runs on Ripple
Siam Commercial Bank (SCB) is on a mission to change the lives of their over 16 million customers. Thailand’s oldest bank has partnered with Ripple to help bring the company into the digital age and create SCB Easy—a mobile application that runs on Ripple to deliver instant, low-cost cross-border payments. дальше »
2020-1-9 22:08 | |
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China Unbans Bitcoin? ‘Occasional’ P2P Exchange is Legal, Says Lawyer
“Sporadic” P2P Bitcoin trading is likely legal in China, a senior lawyer told the national press in unusually optimistic comments this week. Keep Bitcoin Exchange ‘Occasional’ in China Speaking to BJ News, Sa Xiao, Council Member at the Bank of China Law Research Association, argued that China’s current regulation of virtual property includes the right to trade it as the owner sees fit. дальше »
2019-5-22 12:00 | |
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In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future
Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets. дальше »
2019-5-13 16:37 | |
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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software
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. дальше »
2019-4-2 21:54 | |
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New York-Based Signature Bank to Offer Services to Fintech Firms in Bermuda
Signature Bank, a New York-based bank that runs its own blockchain platform, will now offer financial services for unbanked fintech businesses in Bermuda
дальше »2019-3-1 04:50 | |
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Jamie Dimon Teases Future Grocery Shopping Runs with JPMorgan’s Cryptocurrency
Wall Street titan and noted bitcoin basher Jamie Dimon said that JPMorgan’s controversial cryptocurrency could one day be used for consumer payments. Jamie Dimon: JPMorgan Cryptocurrency Could Target Consumer Use “JPMorgan Coin could be internal, could be commercial, it could one day be consumer,” Dimon said at the bank’s annual investor day in remarks quoted by CNBC. дальше »
2019-2-27 22:03 | |
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‘Bitcoin Mom’ Loses Her Bank Account for Investing in the Cannabis Industry
In the U. S. , Bitcoin Mom just found out that federal banks will close your account for investing in the cannabis industry. Could Bitcoin provide the solution? Cannabis Is Basically Heroin at a Federal Level in the States ‘Bitcoin Mom’ Brooke runs a cannabis shop in Colorado called the Bud Depot. дальше »
2019-2-26 17:00 | |
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JP Morgan Launches JPM Coin on an Ethereum Based Blockchain, A Gimmick or a New Dawn?
One of the world’s biggest bank has launched a prototype of a USD pegged stablecoin that runs on a private blockchain forked from ethereum, Quorum. “The JPM Coin isn’t money... The post JP Morgan Launches JPM Coin on an Ethereum Based Blockchain, A Gimmick or a New Dawn? appeared first on Trustnodes. дальше »
2019-2-15 22:02 | |
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AERGO’s strategic partner runs micro-payments for the Bank of Korea and will provide a distributed storage platform for Korea’s Ministry of Land
On November 11, Blocko, AERGO’s strategic technology partner that builds the AERGO platform, announced that it would provide a blockchain-based distributed storage platform to connect real estate registries to government network data with a blockchain ledger for the Korean Ministry of Land, Infrastructure, and Transport. дальше »
2018-11-13 14:33 | |
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Ripple Losing the Central Bank Race: Experimental Bank of Canada’s “Cross Border, Cross Currency” System Runs on Corda.
In market boosting news, the Bank of Canada (BoC) is building a proof-of-concept system with help from the private sector and academia. The objective, is to help them (BoC) better understand new financial technologies of which blockchain and DLT is top priority. дальше »
2018-10-31 15:57 | |
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Bank of Canada Runs a Blockchain-based Pilot for a LOC Negotiation Platform
CGI, Group Inc. , a renowned IT, and business consulting firm, announced on October 21 a collaboration with the National Bank of Canada and Skuchain, a blockchain technology company aimed at optimizing the supply chain, in a pilot program to streamline and improve the process for negotiation standby letters of credit and guarantees. дальше »
2018-10-23 15:59 | |
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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem
Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply. дальше »
2018-10-3 19:05 | |
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Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed
University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account. дальше »
2018-9-13 18:07 | |
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Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain
Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U. S. dollar. New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD). дальше »
2018-9-11 01:58 | |
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Pigzbe Crypto Wallet ICO (Wollo WLO) Gets $7.2 Million in Funding For Blockchain Piggy Bank Project
The Pigzbe Wallet Hits $7. 2 Million in Funding for ICO Pigzbe, which is a digital ‘piggy-wallet’ that runs on a native crypto coin called the Wollo, recently, hit $7. 2 million in total funding through an ICO. дальше »
2018-9-9 06:39 | |
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Clearing Up Misconceptions: This Is How Tether Should (and Does) Work
There is substantial controversy surrounding Tether, a cryptocurrency that claims to be pegged to the U. S. dollar. According to Tether, each Tether token is backed by one U. дальше »
2018-6-14 22:01 | |
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