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Deutsche Bank’s Restructuring Costs Could Set It Back By $5.7 Billion
4.7.2019
Deutsche Bank used to be one of the biggest banks in the world, and after a while, it decided to enter the world of high finance by expanding aggressively into new markets in the United States, United Kingdom, and Asia. It seemed like a sound strategy for Germany’s biggest bank, but then the 2008...
IBM, Top Australian Banks to Pilot Blockchain for Retail Lease Bank Guarantees
4.7.2019
The blockchain pilot will digitize the bank guarantee process in an effort to tackle fraud and improve efficiency
IBM Launches Blockchain Pilot for Bank Guarantee Processes
3.7.2019
IBM has launched a blockchain pilot for bank guarantee processes with four Australian financial services firms
Economist Joseph Stiglitz: Only a Fool Would Trust Facebook’s Libra
3.7.2019
“Every currency is based on trust, but only a fool would trust Facebook’s Libra” noted Nobel laureate in economics Joseph Stiglitz
Now Japanese Regulators Are Getting Anxious About Facebook’s Cryptocurrency
3.7.2019
Japan's central bank has joined the regulators worldwide expressing concerns over the potential risks posed by Facebook's Libra cryptocurrency
First Successful Blockchain-tracked Shipment from South Korea to the Netherlands
2.7.2019
As a proof-of-concept, a shipping container has completed its transcontinental, blockchain-automated shipment from South Korea to the Netherlands
Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up
2.7.2019
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less...
Russia’s Largest Bank Is Quitting Central Bank’s Blockchain Project
2.7.2019
Enterprise blockchain project Masterchain is falling short of expectations – and Russia's largest bank is quitting in frustration
Facebook’s Libra Will Benefit Bitcoin But ‘Destroy’ Banks, Says Industry
2.7.2019
More claims Facebook will overturn the banking industry with Libra launch
Blockchains CEO Acquires Kirkwood Bank of Nevada for $28 million
2.7.2019
Blockchains CEO bought a bank, purportedly to serve the needs of blockchain businesses and to provide a regulatory sandbox for blockchain-based fintech products
Dutch Ministers Call for Cryptocurrency, Cash Use Regulations
1.7.2019
Dutch ministers have proposed that the government regulate crypto and large cash transactions, citing concerns over money laundering
Side Effects of Economic Growth: Is Snowden Right to Say Bitcoiners Shouldn’t Be Bankers?
1.7.2019
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive...
South Korea’s Second Biggest City Wants to Create a Local Cryptocurrency
1.7.2019
Busan, South Korea’s second most-populous city after Seoul, is considering the launch of a local stablecoin
From 'Ponzi' To 'We're Working On It’ - BIS Chief Reverses Stance On Crypto
1.7.2019
The BIS is in the process of helping banks launch digital currencies, contradicting previous statements
BIS Chief: Central Banks May Issue Digital Currencies ‘Sooner Than We Think’
1.7.2019
The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies
Top-10 Industries Being Transformed by Blockchain
30.6.2019
The advent of distributed ledger technology has comprised the catalyst for a new wave of creative destruction. Here are the top-10 industries that are affected the most
XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown
30.6.2019
Given Facebook’s 2 billion strong user base, will banks become more amenable to cryptocurrency adoption as a way of maintaining their relevance in international money transfer?
Central Banks To Issue Their Own Digital Currencies, Predicts IMF
29.6.2019
For many years, cryptocurrencies and digital currencies belonged in the fringes of the financial system. However, that has now changed. Considering the way in which Bitcoin went mainstream, and millions of people started investing in it, it is not really a surprise. When so many people invest in...
IMF Predicts Central Banks to Issue Digital Currencies
29.6.2019
The IMF says central banks are interested in digital currencies, and several countries may join Uruguay in testing out CBDCs soon
JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System
28.6.2019
Jamie Dimon does not think that crypto poses an existential threat to JPMorgan's core business