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Four Japanese Banks Including the Seven Bank, Joins MoneyTap

3.9.2019
Financial giant SBI has published in their report that four major Japanese banks have invested in its cashless mobile-payment application, MoneyTap. Money tap is powered by Ripple which uses the Ripple xCurrent solution, built on distributed ledger technology. The report stated: SBI Group announces...

Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate

3.9.2019
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos

Fitch Ratings Says Singapore’s Big 3 Banks are in No Danger from Newly Launched Digital Banks

3.9.2019
The development of technology and the wider Fintech sector is believed by many to be one of the biggest threats to traditional banks in many years and for a good reason. Moreover, the establishment of digital-only banks is often viewed as a potential threat and with easy availability of smartphones...

Four Japanese Banks Invest in Ripple-powered SBI App

3.9.2019
Financial group SBI has announced that four major Japanese banks have invested in its cashless remittance app, the Ripple-powered MoneyTap app for smartphones. Per an official release, SBI says that Awa Bank, Kita-Nippon Bank, Daisan Bank and a fourth, as-yet-unnamed bank have become shareholders...

HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

2.9.2019
HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction using R3’s Corda-powered Voltron platform

North Korea Denies All Allegations Related to Thefts from Crypto Exchanges and Banks

2.9.2019
The United Nations Security Council committee on North Korea stated that: The Democratic People’s Republic of Korea cyber actors were raising money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars. But, North Korea‘s...

ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’

2.9.2019
Facebook’s Libra stablecoin is “beguiling but treacherous,” according to European Central Bank key legal official Yves Mersch

US Firm Raises $12M for Bank-Focused Blockchain Payments Solution

2.9.2019
Trinity Ventures led a $12 million round for Baton Systems’ development of its blockchain solution for bank-to-bank payments

Crypto News From the German-Speaking World: Aug. 24–31 in Review

1.9.2019
A roundup of major crypto news of the week from Germany, Switzerland and Austria

North Korea Denies It Stole $2 Billion From Crypto Exchanges and Banks

1.9.2019
North Korea denies the theft of $2 billion from banks and crypto exchanges, says that the U.S. and other hostile forces are spreading rumors

Why the Birth of Bitcoin Can Be Traced Back to 1971

1.9.2019
The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite...

Crypto News From Brazil and Portugal: Aug. 24-31 in Review

1.9.2019
A roundup of major news of the week from Brazil and Portugal

India Announces Multiple Mega-Mergers of State-Owned Banks in Latest Attempt to Spur Growth

31.8.2019
India is one of the handfuls of nations in which publicly owned banks still make up the major chunk of the financial system and while it has its merits, it has its demerits as well. In recent years, some of the biggest public sector banks in the country have been encircled with bad loans...

Germany’s Bitwala Launches All-In-One Mobile Bitcoin Bank App

30.8.2019
Bitwala launches smartphone banking with integrated Bitcoin wallet and trading for 30 European countries

Analysts Project Tough Times Ahead for Banks After Gloomy Bank of America Forecasts

30.8.2019
More often than not troubles in the banking sector do not only ever stay restricted with one bank, unless of course, the issue is specific to the bank. For instance, if a bank loses its way due to risky investments, then it might not affect the whole sector, but when the issue becomes a structural...

Report: No Bank Account Needed to Transfer China’s Upcoming CBDC

30.8.2019
The upcoming China CBDC will be available to users without bank accounts, says Binance Research

Crypto Lending Platforms Prepare to Assail the Banking System

30.8.2019
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate...