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Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain
7.6.2019
Consultancy firm McKinsey has argued that blockchain is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment
Egypt Lays Out Path for a Crypto Future With Draft Law
6.6.2019
First crypto law in Egypt is anticipated this year, but what made the country call off the ban and welcome the new technology?
3 Top Executives Depart Online Lending Fintech Startup SoFi
6.6.2019
Three top executives have departed fintech startup, SoFi, known for its online crypto lending services
Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform
6.6.2019
A Galaxy Digital fund led an almost $2 million funding round for a blockchain-based engagement program for online gamers
US CFTC Chair: Blockchain Would Have Improved Regulator Response to 2008 Financial Crash
4.6.2019
The U.S. CFTC chair says blockchain would have allowed for a “far faster, better-informed, and more calibrated regulatory intervention” in response to the 2008 crisis
Judgment Delivered in Favor of a Crypto Exchange in Israeli Supreme Court
4.6.2019
The Highest court of Israel has stated on 3rd June that bank Leumi cannot stop digital currency exchange Bits of Gold on the regulatory grounds to have an account as reported. Previously in 2018, the court had declared a temporary injection forbidding the major bank of the country from supporting...
Israeli Supreme Court Rules in Favor of Cryptocurrency Exchange in Bank Dispute
4.6.2019
Israeli bank cannot ban a crypto exchange’s account on the grounds of regulatory concerns, says supreme court judge
Brazilian State-Owned Bank Funds Documentary via Its Own Ethereum-Based Token
3.6.2019
Brazilian state-owned bank BNDES will finance a documentary using its own real-pegged stablecoin
Bundesbank Chief Warns on Risks of Central Bank Digital Currencies
3.6.2019
The head of Germany's central bank has said central bank digital currencies could destabilize financial systems and worsen bank runs
Brazilian Banks to Implement New HyperLedger-Powered Digital ID Platform
3.6.2019
Brazilian banks will be implementing a new standardized blockchain identity solution powered by Hyperledger Fabric, co-developed by IBM and the country’s central bank
Major Utility Settlement Coin Project Raises $63 Mln for Commercial Realization
3.6.2019
The Utility Settlement Coin project — led by some of the world’s leading banks — has established a new firm and completed a $63.2 million Series A financing round
Digital Coins to be Minted by Global Banks For Faster Overseas Money Transfers
3.6.2019
As per the latest reports doing the rounds since today morning, leading banks in Europe, Japan, and the United States are in the process of building digital coins that are based on the blockchain technology. These digital coins will be used as a handy tool to settle cross-border money transfers...
WEF Head of Blockchain Sheila Warren: ‘This Tech Can Solve the Trust Crisis’
1.6.2019
Blockchain is a solution to the worsening trust crisis in the United States, claims WEF Head of Blockchain, Sheila Warren
G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments
1.6.2019
The FSB urges regulators to stay on top of risk management policies for the rapidly-changing cryptocurrency space
Russia: Raiffeisen Bank Introduces Blockchain Platform for Corporate Settlements
31.5.2019
A Russian subsidiary of Austria’s Raiffeisen Bank International has introduced a blockchain platform for settlements by holding firms
SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap
31.5.2019
SBI Ripple Asia is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap
State Farm and USAA Test Blockchain Platform for Insurance Claims Process
31.5.2019
State Farm unveils that it is testing its blockchain platform with real claims data in tandem with USAA
Rwanda’s Central Bank Issues PSA on Alleged Cryptocurrency Get-Rich-Quick Scams
30.5.2019
Rwanda’s central bank has issued a warning about alleged ICO scams and crypto pyramid schemes targeting the country’s residence
Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance
30.5.2019
Russia's largest bank, Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on crypto
Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks
30.5.2019
Several Irish banks are testing a new blockchain tool from Deloitte