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Bahamas to Release Fiat Digital Currency to Counter Cash Dependence

26.10.2019
The Bahamas’ central bank is planning to release a national fiat digital currency to ensure the economy’s resilience in the event of a natural disaster

Coinplug Gets Support From Major Korean Banks in Its $6.4 Million Round

25.10.2019
Coinplug, a leading cryptocurrency exchange based in South Korea, has raised $6.4 million from the venture capital divisions of several local Korean firms. It was founded in the year 2013, and since then, it has been successfully operating as a crypto exchange and a Bitcoin prepaid card service...

McKinsey: Majority of Banks May Not Be Economically Viable

25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....

Stanford Prof: Crypto Will Rain on Banks’ Low-Interest Rate Parade

25.10.2019
A professor at Stanford Graduate School of Business says cryptocurrencies will inevitably upend the banking sector

Lebanon Banks' Shutdown Is ‘Most Potent Case’ for Crypto: Nassim Taleb

25.10.2019
Lebanon to keep banks closed until further notice

Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round

25.10.2019
South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.

The Demand for Permissionless Freedom Is Just Getting Started

25.10.2019
Every year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens...

Lebanese Protestors Gather at Central Bank as Financial Lockout Continues

25.10.2019
Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials...

Number of Americans Owning Crypto Doubled in 2019: Finder

25.10.2019
The number of Americans owning some form of crypto has almost doubled in 2019, according to a survey by Australia-based firm Finder

Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates

24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...

App-Controlled Bank Current Raises $20M From Galaxy Digital and Others

24.10.2019
Mobile-only bank Current has secured $20 million from a group of investors, including Galaxy Digital EOS VC Fund

Rich Dad Poor Dad Author: Bitcoin Is Messing Into the Fed’s Territory

24.10.2019
Rich Dad Poor Dad author Robert Kiyosaki says Bitcoin is “one of the most powerful banks ever created,” making for a “very exciting time”

Coinbase UK CEO: We Need Centralized Entities to Support Crypto

24.10.2019
Coinbase UK’s CEO says centralized entities like central banks and Facebook remain necessary for the support and adoption of crypto

ING Bank Proposes Security and Privacy Trade-Off for Corda Blockchain

24.10.2019
ING has purportedly found a solution to improve the security and privacy trade-off on the Corda blockchain platform with zero-knowledge proofs

Lithuania’s Central Bank Considering IBM for Its LBChain DLT Platform

23.10.2019
IBM and Tieto are fighting for the right to develop a financial services blockchain platform for Lithuania’s central bank

Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...

Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits

22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...