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Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank
9.8.2019
A Bitcoin investor is filing a multimillion-dollar class action suit against a bank that refuses to accept Bitcoin-financed deposits
Blockchain Solution Spending to Hit $16 Billion by 2023: IDC Report
9.8.2019
Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023, IDC’s latest report reveals
Expert: India Will Lose An Almost $13 Billion Market By Banning Crypto
9.8.2019
India’s ban on crypto may be very costly, with the CEO of one research firm estimating that the country will lose out on almost $13 billion
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
8.8.2019
Crypto startups are hitting a snag when it comes to Israeli banks
Korea Exchange Affiliate Koscom to Launch DLT Platform for Unlisted Shares
8.8.2019
South Korea’s state-backed Koscom to develop a blockchain-based trading platform for unlisted securities
FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto
8.8.2019
The U.S. Federal Reserve’s new real-time payments service likely isn’t going to substitute crypto, although it does play the same ambitious card
Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender
8.8.2019
Cryptocurrency commercial bank Galaxy Digital provided funding to digital asset lender DrawBridge Lending
Commerzbank Tests Blockchain Machine to Machine Payments with Daimler
8.8.2019
Mercedes-Benz parent company Daimler and Commerzbank just tested blockchain-based machine to machine payments
Owning Fiat Just Got More Expensive – NIRP Strikes Again
8.8.2019
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy...
Israel’s Bitcoin Investors Unable to Pay Taxes Due to Deposit Refusal by Banks
7.8.2019
The Bitcoin investors in Israel are finding it hard to pay their taxes because Israeli banks are refusing to accept deposits acquired from digital currency investment returns. As reported yesterday by Israel’s local news outlet Haaretz, the banks in Israel are worried that the profits gained from...
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
7.8.2019
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group
Israeli BTC Investors Can’t Pay Taxes as Banks Refuse Deposit
6.8.2019
Bitcoin investors in Israel are unable to pay their taxes because banks do not accept deposits deriving from crypto trading
UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance
5.8.2019
Standard Chartered completed its first joint blockchain-based supply chain financing transaction in cooperation with Linklogis
Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
4.8.2019
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward...
Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...
Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...
The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn
25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...
US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat
24.7.2019
The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else...
Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System
22.7.2019
Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking...