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RBI Defends Its Power Over Crypto in Indian Supreme Court
20.8.2019
The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also...
Ernst and Young to Collaborate with Open Banking Nigeria to Create API Standards
20.8.2019
The world of banking has changed dramatically over the course of the past decade or so, and the biggest reason behind those changes is modern technology. Modern technology has created systems and platforms that have made banking a lot easier both for customers as well as for those who work at...
As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
19.8.2019
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social...
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
19.8.2019
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds
Banking Giant Santander to Bring Ripple-Powered App to Latin America
19.8.2019
After launching its app for international payments, One Pay FX, which uses Ripple’s xCurrent solution, Spanish multinational banking giant Santander Group is expanding this service to other countries.
The company is reportedly working on several things at the moment, which would make international...
Silvergate Bank Eyes Crypto-Collateralized Loans for Institutions
19.8.2019
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender
How Coinbase Quietly Became the World’s Biggest Bitcoin Bank
17.8.2019
On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with...
R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
14.8.2019
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers
Korea’s Oldest Bank Is Building a Blockchain-Based Security System
14.8.2019
South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
14.8.2019
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech
RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today
14.8.2019
The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country...
Barclays Is No Longer Banking Coinbase
14.8.2019
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange's U.K. users
Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup
13.8.2019
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
13.8.2019
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain
Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin
12.8.2019
Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin
China’s Central Bank ‘Close’ to Launching Official Digital Currency
12.8.2019
An official at China's central bank has said the institution is nearing the launch of its national digital currency
This Tiny Bank Gave Bitcoin to Its Entire Staff. Now It‘s Taking Crypto Clients
9.8.2019
Quontic, a small bank in New York, has started working with crypto firms, joining the very short list of institutions to embrace the sector
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
8.8.2019
Crypto startups are hitting a snag when it comes to Israeli banks