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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
17.8.2019
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...
R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
14.8.2019
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers
Korea’s Oldest Bank Is Building a Blockchain-Based Security System
14.8.2019
South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
14.8.2019
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech
RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
14.8.2019
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country...
Barclays Is No Longer Banking Coinbase
14.8.2019
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange's U.K. users
Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup
13.8.2019
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
13.8.2019
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain
Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin
12.8.2019
Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin
China’s Central Bank ‘Close’ to Launching Official Digital Currency
12.8.2019
An official at China's central bank has said the institution is nearing the launch of its national digital currency
This Tiny Bank Gave Bitcoin to Its Entire Staff. Now It‘s Taking Crypto Clients
9.8.2019
Quontic, a small bank in New York, has started working with crypto firms, joining the very short list of institutions to embrace the sector
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
8.8.2019
Crypto startups are hitting a snag when it comes to Israeli banks
Coinbase Custody Adds New York Banking Regulatory Experts to Its Board
8.8.2019
New York banking regulatory experts Richard Neiman and Robert Easton will now be a part of Coinbase Custody’s Board of Directors
Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender
8.8.2019
Cryptocurrency commercial bank Galaxy Digital provided funding to digital asset lender DrawBridge Lending
Indian Supreme Court Heard Crypto Case in Depth Today
8.8.2019
The Indian supreme court finally heard the crypto case today after postponing it several times. The court addressed the government’s crypto policy as well as the writ petitions challenging the banking restriction by the central bank. The latter was heard in some detail while the former...
Commerzbank Tests Blockchain Machine to Machine Payments with Daimler
8.8.2019
Mercedes-Benz parent company Daimler and Commerzbank just tested blockchain-based machine to machine payments
Facebook Engages Former Aide of US Senate Banking Committee to Campaign for Its Cryptocurrency Libra Project
7.8.2019
Facebook has engaged Former Aide of the U.S. Senate Banking Committee to campaign for its new Libra cryptocurrency venture. The U.S. Senate’s ongoing hearings on cryptocurrency had a few representatives state that they are supportive of the U.S. driving in crypto and blockchain, while others...
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
7.8.2019
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group