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Smokescreens and Mirrors: How Does a Country Do an ICO? They Call It QE
22.8.2019
Financial regulators all around the world have been cracking down hard on ICOs for promising more than they can deliver. At the same time governments and central banks are pulling off far worse scams, such as QE, wiping out the savings of everyone that depends on them. To hide this fact they...
Major Swedish Bank Orders Negative Interest Rate on Euro Deposits
22.8.2019
Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right...
To Develop Blockchain-based Financial Services, Woori Partners with Kakao’s Blockchain- a Subsidiary of Ground X
22.8.2019
Woori Financial Group is a South Korean leading company in the financial services sector. Yesterday in a press release, it had announced its partnership with Kakao’s blockchain. (Kakao’s blockchain is a subsidiary of Ground X.) The objective of this partnership is to develop blockchain-backed...
Major Banks Back $7.4 Million Funding Round for Korean Blockchain Firm
22.8.2019
Blocko, a blockchain firm working on enterprise applications of the tech, says it's raised $7.44 million from investors including Shinhan Bank
Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank
22.8.2019
Samsung-backed blockchain startup Blockco raised $7.5 million in a funding round from the likes of Shinhan Bank and KEB Hana
Swiss Private Bank Says 400 New Clients Demanding Crypto Products
22.8.2019
Swiss private bank Maerki Baumann is inundated with new clients interested in its crypto plans
Nonprofit Launches Blockchain Platform for Credit History in Sierra Leone
22.8.2019
The nonprofit Kiva and the government of Sierra Leone have launched a blockchain-based credit history service
Market Update: Prices Drop as Crypto Sentiment Enters the Fear Zone
21.8.2019
Cryptocurrency markets fell hard on August 21 following the $700 price drop bitcoin core (BTC) saw during the early morning trading sessions. Most digital assets have lost 2-8% in value as the overall market valuation of all 2,000+ coins has plunged to $263 billion. Crypto price movements have been...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
Australia’s Biggest Bank Says Its ‘BioTokens’ Can Help the Environment
21.8.2019
The Commonwealth Bank of Australia develops tokens meant to enable investments in sustainable development
What's Driving Up Bitcoin Price? Central Banks, Says FT Reporter
21.8.2019
Central banks are igniting Bitcoin’s valuation, argues the Financial Times' chief correspondent for international finance
Facebook-owned WhatsApp Looks to Launch Digital Payments in Indonesia
21.8.2019
WhatsApp is reportedly looking to partner with local firms to launch digital payments in Indonesia
Mark Mobius: Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates
20.8.2019
Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will help boost the price of gold
Central Banks, Stablecoins and the Looming War of Currencies
20.8.2019
A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks
Additional $34 Million Raises By World Bank’s Blockchain Bond
20.8.2019
World Bank Blockchain bond has been making a mark in the industry for a long time. Moreover, it has managed to gain the confidence of the investors since the beginning. To no surprise, it has further raised $34 million in the industry. This money has been raised for the Kangaroo bond that is due...
Report: Israeli Bitcoiners Petition Banks to Disclose Crypto Policies
19.8.2019
A crypto nonprofit is petitioning for Israeli banks to disclose their policies on crypto-related funds
Silvergate Bank Eyes Crypto-Collateralized Loans for Institutions
19.8.2019
Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender
Digital Piggy Banks And Books: How Crypto Industry Targets Kids
18.8.2019
While there are not many things that everyone in the cryptocurrency community can agree on, there is a shared belief that decentralized digital currencies will play an integral role in the future of money. As a result, a handful of companies are building their business on products that aim...
Philippines Increasingly Crypto Friendly – A Look at Driving Forces
18.8.2019
There are many reasons why the Philippines is becoming increasingly crypto-friendly. Not only has its central bank registered more crypto exchanges recently, but the Securities and Exchange Commission has also been actively finalizing crypto guidelines. The country has an active crypto community...
Passing the Burden of Negative Rates to Bank Clients Opens Door for Cryptocurrencies
17.8.2019
Record low and negative interest rates have put commercial banks in a difficult spot. Across Europe, they have been passing the burden to their clients. Some have introduced fees for those with large account balances, while others are punishing everybody equally. In any case, some bankers fear this...