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Singapore’s largest commercial bank reportedly launching crypto trading

27.10.2020
Another global bank believes that digital assets are the future of the global economy

Five Russian Commercial Banks Eager to Pilot Digital Ruble in 2021

16.10.2020
Russia’s “cryptoruble” – its central bank digital currency (CBDC) initiative – is seemingly picking up momentum after years spent in limbo. Earlier this month, the Russian Central Bank announced that it would consider debuting a digital token, after a year ago stating that there was no need...

Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready

13.10.2020
The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready...

Chapter 4: Search

15.9.2020
Previously in web history… After an influx of rapid browser development following the creation of the web, Mosaic becomes the popular choice. Recognizing the commercial potential of the web, a team at O’Reilly builds GNN, the first commercial website. With something to browse with,...

$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases

3.9.2020
The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the Centers for Disease Control and Prevention (CDC) enacted public...

Banks in Mexico Pose Greater Money Laundering Risk Than Crypto Firms, Says Report

28.8.2020
Commercial banks by far pose the greatest risk of money laundering in Mexico compared to crypto-related companies, according to a new report by the country’s Financial Intelligence Unit (FIU). The study singles out what it calls the “G7 banking group”, which includes BBVA...

$217 Million Pour Into Grayscale’s Crypto Funds Following Bitcoin TV Ad Campaign

16.8.2020
Grayscale Investments announced that it has raked in record investments of $217 million the week its TV commercial campaign launched. The company’s crypto TV commercial kicked off on CNBC, MSNBC, FOX, and FOX Business. Following Grayscale, Michael Novogratz’s Galaxy Digital places...

South Korea’s Largest Bank Unveils Bitcoin Custody Services

9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...

Government-Owned Swiss Bank Launching Crypto Trading and Custody Services

4.8.2020
Basler Kantonalbank (BKB), Switzerland’s eighth-largest bank, is getting into crypto through its subsidiary, Bank Cler. Owned by the Swiss Canton of Basel-City, BKB has total assets of approximately $49 billion. Swiss Canton Bank Launching Crypto Services Local Swiss government-owned...

Singapore’s Central Bank Eyes Commercial Role for Its Blockchain Payments Tech

13.7.2020
Project Ubin has completed its last development phase and is now being considered as the basis for commercial digital currency ventures

Singapore's Blockchain Payments Platform Ready for Commercial Launch

13.7.2020
The Monetary Authority of Singapore is ready to deploy its multi-currency blockchain payments project for commercial use

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

8.7.2020
The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute report reveals that 20 million renters...

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

7.7.2020
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...

US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value

27.6.2020
The U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their...