Search
Indian Supreme Court Hears In-Depth Arguments Against RBI Ban
15.1.2020
India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside...
Uphold Opens Crypto Trading to Users With UK Bank Accounts
15.1.2020
Trading platform Uphold has added pound sterling support, in beta for now
SEC Requests Telegram Banking Data as New Evidence Emerges
13.1.2020
The SEC once again requests Telegram’s banking records while submitting new evidence for the case
Ex-Google Pay Execs Manages to Raise $13.2M For a Neo-Banking Platform
13.1.2020
Sujith Narayanan and Sumit Gwalani, the two co-founders of leading payment settlement app Google Pay in India have announced that their startup epiFi has secured a massive amount of $13.2 million through the Seed financial round. The two prominent executives of the Google Pay India team are gearing...
Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District
12.1.2020
Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually...
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...
MakerDAO Pitches DeFi to the Masses at CES 2020
9.1.2020
There's a "digital money" section on the show floor of this year's CES. MakerDAO's DAI is the only crypto with a booth
Australians Won’t Use Libra, Believes Central Bank
9.1.2020
Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment
Crypto Brokerage Bitcoin Suisse Hopes Banking License Will Boost its IPO Bid
9.1.2020
Swiss crypto financial services provider Bitcoin Suisse is planning to acquire a banking license in 2020 as part of its plans to build momentum for an initial public offering (IPO).
The Zug-based company put in its license application in July last year, and is hoping to be given the regulatory...
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
9.1.2020
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international...
Federal Reserve Considers Creating a Separate Entity for Cash Injections
8.1.2020
While American President Donald Trump wages war with Iran, the U.S. Federal Reserve has continued to inject fresh capital into the hands of private banks by giving them $100 billion in overnight and 14-day repos on Tuesday. The same day, Rabobank strategist Philip Marey predicted the central bank...
Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
8.1.2020
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients....
Huobi Heats up Competition in Japan With a New Banking Deal
7.1.2020
Source: iStock/Sean_Kuma
Cryptocurrency exchange Huobi Japan has struck a partnership with Japan Net Bank, an online bank.
The deal, per a press release, will allow Huobi Japan customers to make fast yen deposits with a processing time of around 20 minutes at both Japan Net Bank itself, as well...
Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions
6.1.2020
Crypto banking rivals Prime Trust and Signature Bank have partnered to offer "real-time" settlements for institutional digital asset trades
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
6.1.2020
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price...
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
When DeFi Meets Neo Banking, This Thing Gets Interesting
3.1.2020
When you combine DeFi with wider trends in fintech, you get an existential threat to banks
Crypto Banking Race to To Bring Cheaper Services - Analysis
3.1.2020
As the competition among crypto companies is changing, it’s making financial services more accessible and cheaper, says popular crypto researcher known as Hasu in the latest analysis.
While coming from different directions, all crypto companies share the same goal of eventually becoming crypto...
Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020
2.1.2020
Ziglu, from former Starling Bank exec, promises to be the next step in crypto banking integration
RUON.AI Announces Patents and Successful Upload Of SovereignSky Space Blockchain
30.12.2019
Within just a decade, mankind will be well on the way to ending extreme world poverty. A new, encrypted Wi-Fi network will connect people on Earth. And a near indestructible blockchain financial system and global currency will exist off-world, invulnerable to the effects of war, conflict, solar...