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Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...
41 German Banks Now Charge Negative Interest Rates
2.2.2020
The number of German banks charging negative interest rates has been rising rapidly. At least 41 banks now charge negative interest rates on deposits. According to reports, seven of them are imposing negative interest rates even for small deposit amounts. Also read: Survey: 58% of German Banks...
Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency
31.1.2020
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function...
US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector
31.1.2020
Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number...
The National Bank of Cambodia Will Launch a Digital Payments Network This Quarter
31.1.2020
Leading the way for a practical CBDC is — Cambodia
Few Banks Will Touch Crypto Firms, But Silvergate Wants to Touch Bitcoin Itself
30.1.2020
Silvergate made its name providing fiat banking services for crypto businesses. Now CEO Alan Lane wants the bank to handle digital assets themselves
Compared to Traditional Banks, Crypto Lenders See Booming Growth
30.1.2020
A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning
Bank of Japan Must Be Ready to Issue Digital Currency, Says Exec
30.1.2020
The Bank of Japan must be ready to respond to technical developments and public sentiment about central bank digital currencies, its deputy governor says
Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank
28.1.2020
Metropolitan Commercial Bank’s deposits from crypto firms have steadily declined, a sign of heightened competition in a field where the bank was once one of the only games in town
Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee
28.1.2020
A draft of an Indian national blockchain strategy suggests the development of a digital rupee on a permission public blockchain
Singapore Act to License Cryptocurrency Firms Comes Into Effect
28.1.2020
Starting today, Singaporean cryptocurrency firms are required to hold a license issued by a local regulator
Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
28.1.2020
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital...
Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’
27.1.2020
Cash is unlikely to disappear anytime soon despite the decline of its use as a payment method and the surge of digital currencies, Germany’s largest bank believes
Payments Startup Raises $80M From SBI Group, Visa Invest and Others
27.1.2020
Currencycloud has raised $80 million in funding from SBI Group, Visa and other investors
Billionaire Investor Tim Draper: If You're a Millennial, Buy Bitcoin
27.1.2020
Millennials should invest in Bitcoin to retire, according to billionaire investor Tim Draper
Major Swiss Banking Firm Julius Baer Launches Services for Cryptocurrencies
27.1.2020
Major Swiss private banking and wealth management group Julius Baer has launched crypto trading and custodial services following a partnership with licensed crypto bank Seba
Indian PM Awards Crypto App Creator as Supreme Court Deliberates on Ban
26.1.2020
Indian Prime Minister Narendra Modi has awarded a young crypto app creator Harshita Arora, with a prize recognizing her excellence in innovation
WEF Launches Global Consortium for Crypto Governance
26.1.2020
The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins
WEF Launches Global Consortium for Crypto Governance
26.1.2020
The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins
WEF Launches Global Consortium for Crypto Governance
26.1.2020
The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins