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RBI Ban Stops Indian Police From Cashing Out Seized Crypto

4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...

ESET Flags New Latin American Banking Trojan That Targets Crypto

4.10.2019
Antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto

Vanguard Group Tests Blockchain Platform for Trading Currencies

3.10.2019
The Vanguard Group is testing a blockchain-powered platform to let asset managers trade currencies while avoiding the big investment banks

Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet

2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...

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...