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Latin American Banks Intensify Closure of Crypto Exchange Accounts
9.1.2020
Source: iStock/Nelson_A_Ishikawa
Crypto exchanges in Latin America are increasingly becoming embroiled in bitter struggles with domestic banks, with many banks moving to block trade with trading platforms.
Bradesco, one of the biggest banks in Brazil, appears to have won its fight against...
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....
People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan
6.1.2020
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency
Hong Kong Institute of Bankers Onboards Six Virtual Banks as Members
3.1.2020
Six virtual banks have joined the Hong Kong Institute of Bankers as corporate members
A Deep Dive Into Satoshi’s 11-Year Old Bitcoin Genesis Block
3.1.2020
11 years ago today, Satoshi Nakamoto launched the Bitcoin network at approximately 18:15:05 UTC and the world hasn’t been the same since. The Bitcoin blockchain came to life on January 3, 2009, and so far, more than 600,000 blocks have been mined into existence. Nakamoto’s genesis block...
Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency
3.1.2020
ECB research suggests it would continue discouraging saving money if it issued digital currency
Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’
1.1.2020
Wells Fargo analyst Mike Mayo predicts that technology will enable efficiency for banks this decade
In Race for 2030 Currency Supremacy, the Dollar Is Its Own Worst Enemy
31.12.2019
As the roaring '20s begin, the U.S. dollar looks as strong as ever. But signs of decline are on the horizon
Turkish Bank’s Blockchain Platform for Digital Gold Transfers Goes Live
31.12.2019
Major Turkish bank Takasbank has launched its blockchain-based gold transfer platform
Central Bank Gold Hoarding Hits 50-Year High
30.12.2019
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand...
South Korea Forms Task Force for Central Bank Digital Currency Research
27.12.2019
The Bank of Korea will organize a task force dedicated to central bank digital currency research in 2020
Russia’s Central Bank Is Now Testing Real Asset-Pegged Stablecoins
26.12.2019
Russia’s central bank starts testing stablecoins and doesn’t assume that they will act as a payment method and become a substitute of money
Close to 14,000 Google Scholar Articles Mentioned Bitcoin in 2019
25.12.2019
On January 3, 2020, the Bitcoin network officially turns 11 and the technology has transformed the lives of many. Since blockchain’s inception, scholars and economists have rigorously studied and written thousands of academic papers covering the subject. In 2019, there were more than 13,700...
China Issuing Bonds on Blockchain Is a Sign of What’s to Come
24.12.2019
No country has a stiffer policy on blockchain than China, so the country’s latest issuance of bonds on its decentralized system raises eyebrows
A Decade of Quantitative Easing Has Paved the Way for the Age of Digital Currency
20.12.2019
Ten years of central bank quantitative easing have fostered big distortions in the global financial system, setting it up for a major architectural shift
Ripple Boss: 50% of World Top 20 Banks to Trade Digital Assets in 2020
20.12.2019
Brad Garlinghouse. Source: a video screenshot, Youtube, Ripple
Fiats will go digital in 2020, with 50% of the biggest global banks in the world set to work with digital assets, says Brad Garlinghouse, the CEO of Ripple.
Garlinghouse has predicted that half of the world’s top 20 biggest banks will...
European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
20.12.2019
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans...
Santander & Other Spanish Banks Test Blockchain Payments + More News
19.12.2019
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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A number of major Spanish banks including Santander and BBVA are testing blockchain-powered payment solutions, with...
Ping An Subsidiary & Ripple Friendly SBI to Bring Blockchain to Banks
19.12.2019
Japanese financial giant and long-time Ripple partner SBI has struck a deal with OneConnect, part of the Chinese insurance giant Ping An Group. The companies have agreed to launch a recently formed company in Japan, with the aim of revitalizing smaller, regional Japanese banks using blockchain...