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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies
14.2.2020
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital...
Wells Fargo Joins Elliptic's Series B Investment Round
13.2.2020
Wells Fargo invests in crypto compliance firm Elliptic
Bangladesh Bank with $4 Billion in Assets Now Employs RippleNet
13.2.2020
Bangladesh-based Bank Asia becomes a member of Ripple’s RippleNet blockchain-enabled remittances network
DTCC Calls on Banks and Regulators to Help Address Blockchain Security Issues
13.2.2020
A comprehensive framework shared by all participants will negate any risks associated with blockchain, the derivatives repository giant says
Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks
13.2.2020
Banking giant Wells Fargo is backing blockchain forensics firm Elliptic
Egyptian National Bank Turns to Blockchain to Boost Remittance Business
12.2.2020
Ripple has onboarded the National Bank of Egypt to its blockchain powered cross-border payments network, RippleNet
Central Bank Digital Currencies Are Good for Bitcoin, Barry Silbert Says
11.2.2020
Bitcoin would benefit from global central banks issuing their own digital currencies, founder of Grayscale Investments said
Crypto Fraud Now Exposing Legacy Banks to Compliance Issues, Reports CipherTrace
11.2.2020
Banks who ignore crypto could be setting themselves up for trouble in more ways than one
Report: JPMorgan Considers Merging Blockchain Unit with Consensys
11.2.2020
JPMorgan Chase is reportedly considering a merger of its blockchain unit Quorum with the Ethereum-focused firm ConsenSys
40 German Banks Seek Regulator’s Green Light to Offer Bitcoin Custody
11.2.2020
Over 40 German banks have sought regulatory approval to offer digital asset custodial services
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
FinCen: Social Media Crypto Projects Can’t Ignore Money Laundering Risk
10.2.2020
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors
Japanese Official Calls for Urgent Development of Digital Yen to Counter China
10.2.2020
A senior Japanese lawmaker said that the country should release its digital yen in two to three years
New Central Bank Group to Discuss Digital Currency Benefits at April Meeting: Report
6.2.2020
The heads of six major central banks will hold their first meeting on potentially developing their own digital currencies in April, Nikkei says
US Fed Is Exploring Potential for Digital Currency, Says Board Member
6.2.2020
Fed board member Lael Brainard says the institution must remain on the frontier of central bank digital currency research and policy development
Major Central Banks to Discuss Digital Currencies Amid IMF Conference
6.2.2020
Six major central banks will reportedly discuss digital currencies in April during an International Monetary Fund conference
Sony Financial Ventures Joins Big Banks Investing in Securitize
5.2.2020
Digital securities firm Securitize extends its latest $14 million fundraising round with a strategic investment from Sony Financial Ventures
Wendy McElroy: The Narrative and Philosophy of Cryptocurrency
5.2.2020
“The central banks of Britain, Japan, the euro zone, Sweden and Switzerland have grouped up to assess potential use cases for digital currencies. Talk of such currencies gained momentum after Facebook announced plans last year to introduce a cryptocurrency called libra,” – CNBC....
Crypto Companies Adopt Features Similar to Banks (Only Better) to Drive Growth
5.2.2020
Will higher interest rates and zero-fee trading drive user adoption of cryptocurrencies?
Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says
3.2.2020
The next decade will see a digital transformation in China with blockchain adoption, according to Minsheng Bank’s chairman