2023-3-31 22:13 |
After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice. origin »
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The banking whistleblower, Frenchman Herve Falciani, is currently working in a new virtual currency that he believes could be embraced by regulators. Living in exile in Spain, Falciani is known for being an HSBC systems engineer that leaked client data triggering high-profile tax investigations.
2019-2-9 05:21 | |
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BB&T and SunTrust announced a blockbuster merger that will create the sixth-largest bank in the United States. The $66 billion all-stock merger will see the combined entity serve more than 10 million U.
2019-2-8 01:03 | |
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For well over two months, the yellow vest movement in France has continued to keep itself illuminated with fervent protests against taxes, the banking system, and the region’s bureaucrats. On Feb.
2019-2-6 20:15 | |
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Fresh trouble could be brewing from cryptocurrency exchange Bitfinex as Finder is reporting on some unusual occurrences related to the exchange. Citing screenshots of CryptoCapital website, the intermediary which was handling Bitfinex’s banking channels most recently, Finder noted that Bitfinex had been removed from the supported exchanges list.
2019-2-5 20:34 | |
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A substantial Ripple rally fizzled as the asset’s value fell as much as 12% from its weekly high. The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0. 3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.
2019-2-2 14:11 | |
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Ripple has hired banking veteran Stuart Alderoty as its new general counsel, filling a position that had been vacant for several months.
2019-1-31 22:00 | |
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A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news. Bitcoin. com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation.
2019-1-29 15:01 | |
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A new banking sector platform should see blockchain make its way into business financing in India
2019-1-29 11:37 | |
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ShinhanCard and OmiseGO (OMG) have developed the first Proof-of-Concept for the ShinhanCard loyalty program that will enable borderless interoperability. The ShinhanCard is issued by Shinhan Financial Group, one of the largest banking entities in South Korea.
2019-1-28 21:09 | |
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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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Amsterdam-based startup Blockport has announced the launch of its full featured cryptocurrency trading platform and integration with mobile banking app Bunq, enabling traders to make instant fiat deposits into their exchange accounts.
2019-1-27 11:34 | |
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Banking and security department of Pennysliva have ruled out money transmitter licensing for crypto exchanges and service operators operating in the state. This was revealed in a new guideline published for digital currency businesses.
2019-1-24 14:40 | |
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It looks like Wyoming might become the first state in the United States to give banking permissions for crypto and digital assets after a new bipartisan law is passed. Bill SF0125, which was first showed to the lawmakers last Friday.
2019-1-22 14:24 | |
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The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date.
2019-1-17 14:53 | |
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American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors.
2019-1-17 01:02 | |
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Cryptocurrency payroll service Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 Employees and payroll tax payments using crypto.
2019-1-16 05:22 | |
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A new report published January 9 by the European Banking Authority (EBA) has recommended further research into cryptocurrency and is calling for… The post European Banking Authority Calls for Standardized Regulations of Cryptocurrencies appeared first on Invest In Blockchain.
2019-1-13 16:46 | |
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The European Banking Authority has published its assessment of laws regarding crypto assets and urged the European Commission to draw new pan-EU rules that would increase consumer protection. Current EU Laws Enable Manipulation, EBA Says The European Union could be implementing a new set of laws regarding cryptocurrencies in the following year, as the Union’s […] The post European Banking Authority Calls for New Unified Legislation Regarding Crypto Assets appeared first on CryptoSlate.
2019-1-12 12:59 | |
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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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The European Banking Authority, also known as EBA, released a report with a new set of rules to improve the regulatory landscape for virtual currencies and blockchain technology in the European Union (EU).
2019-1-10 21:41 | |
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The European Banking Authority (EBA) has called for new pan-EU rules on crypto assets in a bid to heighten consumer protection. According to an official report released today, the new set of rules would override the current patchwork of different crypto asset regulation across the EU, which could derive in unfair competition across countries.
2019-1-9 14:11 | |
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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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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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The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.
2019-1-5 21:00 | |
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Updated Policies With Texas’s Department Of Banking May Require Stablecoin Issuers To Gain Licensing Approval Cryptocurrency is categorized into many different classifications on a federal level and state level.
2019-1-5 20:30 | |
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In China, the entity in charge of the regulations for crypto in the local economy is the China Banking Association (CBA). In order to make some progress in their sector, the CBA has announced their intent to launch a platform for trade finance, centered around the use of blockchain technology. The annoucement occurred last week, […]
2019-1-5 18:00 | |
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A new memo by the Texas Department of Banking notes that stablecoins may fall under the state's definition of "money" and therefore would be subject to money transmission laws.
2019-1-5 01:35 | |
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The new platform, intended to improve financial services related to trade finance, has already successfully put an inter-bank letter of credit on a blockchain.
2019-1-5 00:50 | |
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China’s new interbank blockchain platform to be sponsored in part by the United Nations Development Bank
2019-1-5 21:07 | |
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The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.
2019-1-4 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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October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On the October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency.
2019-1-3 07:14 | |
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India could be making a U-turn on its directives for cryptocurrencies. Per reports from the New India Express, a second interdisciplinary committee set up by the Indian government is considering making cryptocurrencies legal in the country again but with more stringent rules.
2018-12-28 02:16 | |
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According to a brand new report released in relation to the UK banking industry, it appears as though many established financial institutions (within the region) view Fintech startups as a threat to their existing customer market.
2018-12-27 19:19 | |
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The Indian cryptocurrency scene is murky as crypto entities are facing a banking ban and the government has explicitly asked investors to stay away from Bitcoin and other cryptocurrencies. However, the second interdisciplinary committee is now saying that cryptocurrency could be legalized in India with several terms and conditions, as reported by The New Indian Express.
2018-12-27 16:04 | |
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In general large banking institutions and players have remained far from the cryptocurrency market. These institutions tend to believe virtual currencies are a threat to their reputation and business.
2018-12-20 19:29 | |
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It’s been one year now since bitcoin achieved an outstanding all-time high of $20,155 per coin and today it seems we’re testing new lows of $3,122, a total drop of 84. 5%. This massive slide in value may seem unprecedented but in fact, retracements of this magnitude have happened no less than four times in Bitcoin’s short history.
2018-12-18 07:00 | |
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Before cryptocurrencies started to be widely used for speculation, they were first of all meant to be an unstoppable method for people to control their own money. A new example that this is still a needed use case comes from the U.
2018-12-17 13:55 | |
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The SIPC Has “Serious Concerns” About Robinhood’s New Banking Service Robinhood is a promising fintech startup that aims to disrupt the banking sector. However, the Securities Investor Protection Corp (SIVP) recently released a statement expressing concern about one part of Robinhood’s services.
2018-12-15 03:51 | |
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The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.
2018-12-15 01:30 | |
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Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.
2018-12-15 21:43 | |
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While the cryptocurrency markets are in turmoil, the industry continues to build and move forward with exciting new developments.… The post Good News as Cryptocurrencies and Traditional Banking Meet appeared first on Invest In Blockchain.
2018-12-14 01:15 | |
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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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Cryptocurrency banking provider Bitwala has started offering its banking service to cryptocurrency users in Germany, starting with 40,000 pre-registered customers. A spokesperson for the company has shared details with news.
2018-12-12 20:15 | |
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BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm.
2018-12-8 21:38 | |
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Maria T. Vullo, the Financial Services Superintendent, announced on December 4, 2018, that the Department of Financial Services (DFS) had approved Signet, the New York State-Chartered Signature Bank’s new digital payment platform.
2018-12-7 20:30 | |
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R3 has unveiled a new app on their international blockchain, a global payment platform that uses Ripple’s XRP as its initial base currency. The app, dubbed Corda Settler, continues R3’s track record for pursuing ambitious blockchain projects, and it is allegedly “purpose-built to allow for payment obligations raised on the Corda blockchain platform to be made through any of the world’s payment systems, both traditional and blockchain-based.
2018-12-6 01:54 | |
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Swiss FINMA recently introduced new guidelines for companies, including blockchain and cryptocurrency-based firms interested in the new FinTech license. Details of the Guidelines Switzerland’s financial regulatory body, the Financial Market Supervisory Authority (FINMA), recently published a set of guidelines for the procurement of the new FinTech License.
2018-12-5 12:41 | |
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The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.
2018-12-3 19:48 | |
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This update from the Comptroller's office could shake up how banks approach cryptocurrency
The Singaporean banking giant wants to help clients optimize liquidity management and streamline operational workflows.
Littio, a Colombian Neobank, has partnered with OpenTrade to provide interest-bearing USD accounts to local customers on the Avalanche blockchain. According to a press release shared with crypto.
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.
Users can create individually owned and compliant bank accounts and use USDC stablecoins as the default deposit currency.
Digital bank Revolut is set to release a cryptocurrency exchange targeting "advanced traders," according to an email sent to customers that was seen by CoinDesk.
To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.