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Nalezeno "Banks ": 3171

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...

Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain

15.7.2019
Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network

SK, LG U+ and KT Join Samsung and Banks on Blockchain Project

15.7.2019
All three of South Korea’s major mobile carriers, KT, SK and LG U+, have joined forces with Samsung, banks KEB Hana and Woori and financial IT firm Koscom to collaborate on a blockchain-powered mobile identification platform. The consortium says its platform, which should be available on almost...

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War

11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...

Canada: Crypto Exchanges Must Register With Financial Watchdog Next June

11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June

Cadence Launches Blockchain-Based Tokenized Debt Marketplace

11.7.2019
Cadence, a Coinbase Ventures-backed alternative investment provider, launched a blockchain-based investment platform for private credit

Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear

10.7.2019
Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most...

Metropolitan Commercial Bank Shuts Down Tether’s Accounts

10.7.2019
New York-based Metropolitan Commercial Bank has reportedly requested that Tether close its three accounts

HSBC Blockchain Connection Reduces Transaction Time by 40%

10.7.2019
HSBC and Landmark Group linked two blockchain platforms, which reduced transaction time by 40%

The Provident Bank Now Offers Deposit Services for Crypto-Related Entities

10.7.2019
The Provident Bank has started offering deposit and other banking services to cryptocurrency issuers, exchangers and investors

‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’

10.7.2019
PayPal is a dead end, says BitMEX’s Arthur Hayes

EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency

10.7.2019
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers

Goldman Sachs Ramps Up Development of New Secret Crypto Project

10.7.2019
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace

Bitcoin ‘Single Best Hedge’ Against Traditional Financial System, Says VC

10.7.2019
Chamath Palihapitiya, CEO of VC firm Social Capital, has proposed that bitcoin is the single best hedge against the traditional financial system

Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society

10.7.2019
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference...

LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the U.S.

9.7.2019
LG, a South Korean technology behemoth, applied for the “ThinQ Wallet” trademark for a digital wallet

Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks

9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...