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US Banking Giant PNC Starts Using RippleNet for Cross-Border Payments
29.8.2019
America’s eighth-largest bank PNC becomes the country’s first to start processing cross-border payments using the RippleNet
Crypto Can Boost Indian Economy – How Banning Will Hurt it
29.8.2019
The Indian economy is experiencing severe economic slowdown not seen in many years, and cryptocurrency can potentially help. However, the government is considering a draft bill to ban cryptocurrencies, which could have undesirable consequences on the economy. Meanwhile, the Indian crypto community...
The Case for Crypto Funds: Transparent, Less Expensive, More Diverse
28.8.2019
Interest in crypto funds is on the rise, and a platform is aiming to help portfolio managers connect with switched-on consumers
Santiago Stock Exchange Forms Latin America’s First Blockchain Alliance
28.8.2019
The Santiago Stock Exchange, Central Securities Depository and the Global Trade Directory have reportedly set up the first blockchain association in Latin America
India’s Kerala Blockchain Academy Partners with R3 for Dev Education
28.8.2019
Indian government initiative Kerala Blockchain Academy partners with R3 to expand blockchain developer training
Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
27.8.2019
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...
Estonia Grants Crypto Trading and Custody License to WEG Bank
26.8.2019
German bank WEG Bank is now licensed to trade and hold cryptocurrency for clients in Estonia
Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”
24.8.2019
Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi
UK Central Bank Governor Sees Digital Currency Displacing US Dollar as Global Reserve
23.8.2019
BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar
The New Bitcoin Banks Are Here
23.8.2019
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set
21.8.2019
After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume...
Australia’s Biggest Bank Says Its ‘BioTokens’ Can Help the Environment
21.8.2019
The Commonwealth Bank of Australia develops tokens meant to enable investments in sustainable development
Korean Crypto Exchange ‘Prixbit’ Shuts Down Over Banking Woes
20.8.2019
Prixbit is one of an estimated 200 players locked out of the banking system
RBI Defends Its Power Over Crypto in Indian Supreme Court
20.8.2019
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...
Ernst and Young to Collaborate with Open Banking Nigeria to Create API Standards
20.8.2019
The world of banking has changed dramatically over the course of the past decade or so, and the biggest reason behind those changes is modern technology. Modern technology has created systems and platforms that have made banking a lot easier both for customers as well as for those who work at...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
19.8.2019
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds
Banking Giant Santander to Bring Ripple-Powered App to Latin America
19.8.2019
After launching its app for international payments, One Pay FX, which uses Ripple’s xCurrent solution, Spanish multinational banking giant Santander Group is expanding this service to other countries.
The company is reportedly working on several things at the moment, which would make international...
Silvergate Bank Eyes Crypto-Collateralized Loans for Institutions
19.8.2019
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender