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How G20 Central Bank Digital Currencies Are Progressing
2.10.2019
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will...
Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks
1.10.2019
In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of...
Video Shows $10M Chinese Bitcoin Mining Farm in Flames
1.10.2019
During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic...
Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
1.10.2019
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed
30.9.2019
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central...
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...
Bitcoin Is a Viable Way to Remove the State From Your Life
29.9.2019
The last decade has seen central banks print trillions of dollars, governments grown much larger, wars continue with no end, and ordinary citizens taxed even more. Thankfully there are individuals and small pockets of people all around the world who believe something is wrong. Many of these people...
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...
Blockchain Adoption as a Cure for Cross-Border Trading
28.9.2019
How governments are exploring blockchain to optimize customs and border protection processes
The Original Sins of Cryptocurrencies
28.9.2019
Before we take crypto to the mainstream, we should better understand where the line is drawn between the dream and reality for crypto and the technology that makes it possible
ING Chief Economist: Libra Accelerating Central Banks’ Crypto Plans
27.9.2019
ING chief economist Mark Cliffe says central banks could move towards issuing digital currencies within 2-3 years, given Facebook’s Libra project
ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years
27.9.2019
Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies
Protests Led RBI to Raise PMC Bank’s Withdrawal Limit
27.9.2019
The Reserve Bank of India has relaxed the withdrawal limit of 1,000 rupees (approximately $14) it placed on a cooperative bank a couple of days ago. The central bank said it aims to reduce the hardship of depositors after many heavy protests followed its original order. Also read: Panic at 137 Bank...
Medici Bank Launches Private Beta Testing in October: Report
26.9.2019
Medici Bank launches private beta testing in partnership with at least two crypto-related firms in October
Venezuelan Central Bank is Considering Holding Bitcoin and Ether
26.9.2019
State-owned oil and gas company PSDV asks Venezuelan central bank to explore storing BTC and Ether
ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’
26.9.2019
Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal, having leveled criticisms at “unregulated cryptocurrencies” earlier this year
Ex-UBS Head Wants His Crypto Bank to Tap $220B Cryptocurrency Market
26.9.2019
Peter Wuffli, former head of UBS, and director at Swiss crypto bank Sygnum sees a tremendous opportunity in providing custody services for cryptocurrency holders
The New Medici Bank Is About to Take On Its First Crypto Clients
26.9.2019
The new crypto-friendly institution, founded by a descendant of the Renaissance-era banking dynasty, is about to onboard its first clients
Repo Market Meltdown Shows Bitcoin’s ‘Systemic’ Stability: Caitlin Long
26.9.2019
Bitcoin is systemically more stable than traditional finance, argues Wyoming Blockchain Coalition president Caitlin Long in the wake of the recent repo market unrest
Russian Banks: We’ve Found Ways to Tax Crypto Without Changing the Law
26.9.2019
Russian bankers and their lawyers appear to have uncovered creative legal loopholes that could let tax authorities in the country tax crypto holders – without even having to change the country’s taxation code.
Per a report from Izvestia, the Association of Russian Banks has drawn up a document that...