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Crypto-Friendly Banking App Now One of Europe's Most Valuable Fintechs

25.2.2020
Crypto-supporting neobank Revolut is now valued at $5.5 billion, tied with Sweden’s Klarna for first place as Europe’s most valuable fintech

China Adopts Security Standards for Blockchain Applications in the Financial Sector

25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...

Bitcoin Halving Will Drop Inflation Rate Lower Than Central Banks’ 2% Target Reference

25.2.2020
When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.6% and it’s...

Caitlin Long Starts the First Crypto-Native Bank in the U.S.

24.2.2020
Caitlin Long is setting up a first crypto-native bank in the US that will offer crypto services to institutional investors

Bank of England Official: Central Banks May Lose Payments Race to Tech Companies

24.2.2020
The chief cashier of the Bank of England has warned that central banks must act quickly to prevent tech companies from dominating the digital payments sector

‘Crucial’ for Central Banks to Consider Digital Currencies: Bank of England Exec

24.2.2020
Governments need to research digital currencies so they can strike a balance with private issuers, said the BoE's chief cashier

Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat

24.2.2020
Central bank digital currencies have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains

Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers

23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...

JP Morgan: Digital Money Foundation Laid, Blockchain In Banking Years Away

23.2.2020
JP Morgan suggests that blockchain laid the foundations for digital money, but the role of cryptocurrencies is still limited

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...

Brazilian Central Bank Promises Instant Payment Platform to Compete With Crypto

20.2.2020
Brazil’s central bank president stated that its new payment platform is intended to compete with blockchain-based payment technologies

Ripple CEO Brad Garlinghouse Tells Banks That 'Crypto Is Not a Bad Word'

20.2.2020
Ripple CEO Brad Garlinghouse said that stressing compliance is key to getting bankers on board with cryptocurrencies

Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...

Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

20.2.2020
Israeli banks should not deny services to firms involved with crypto, attorney general Avichai Mandelblit said

Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation

20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...