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Swiss Central Bank SNB Is in Close Contact With Facebook’s Libra

27.8.2019
Switzerland’s central bank SNB is in close contact with the relevant authorities over Facebook’s Libra crypto project, Reuters reports

HSBC Is First Bank to Finance Transaction via Hyperledger on we.trade

27.8.2019
HSBC becomes the first bank to finance a transaction on blockchain trade platform we.trade

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

26.8.2019
The Central Bank of Brazil has adopted IMF guidelines for classifying cryptocurrencies

Swiss Crypto Banks Receive Licenses From Financial Regulator

26.8.2019
Two Swiss banks have received a banking and securities dealer licence from the Financial Market Supervisory Authority

Crypto News From the German-Speaking World: Week in Review

25.8.2019
This week’s top news from the German-speaking world, assisted by Cointelegraph auf Deutsch

Initiative to Curtail Negative Interest Rates Gains Traction in Germany

24.8.2019
Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend...

The New Bitcoin Banks Are Here

23.8.2019
A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements...

Xendpay Joins RippleNet to Expand Global Money Transfer Services

23.8.2019
International money transfer service Xendpay joins RippleNet to expand currency options and speed

Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE

22.8.2019
Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they...

Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

22.8.2019
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right...

To Develop Blockchain-based Financial Services, Woori Partners with Kakao’s Blockchain- a Subsidiary of Ground X

22.8.2019
Woori Financial Group is a South Korean leading company in the financial services sector. Yesterday in a press release, it had announced its partnership with Kakao’s blockchain. (Kakao’s blockchain is a subsidiary of Ground X.) The objective of this partnership is to develop blockchain-backed...

Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm

22.8.2019
Blocko, a blockchain firm working on enterprise applications of the tech, says it's raised $7.44 million from investors including Shinhan Bank

Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

22.8.2019
Samsung-backed blockchain startup Blockco raised $7.5 million in a funding round from the likes of Shinhan Bank and KEB Hana

Swiss Private Bank Says 400 New Clients Demanding Crypto Products

22.8.2019
Swiss private bank Maerki Baumann is inundated with new clients interested in its crypto plans

Nonprofit Launches Blockchain Platform for Credit History in Sierra Leone

22.8.2019
The nonprofit Kiva and the government of Sierra Leone have launched a blockchain-based credit history service

Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone

21.8.2019
Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been...

The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt

21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...