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Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
30.10.2020
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using...
Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming
30.10.2020
Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board. The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans...
Russian Central Bank Says CBDC Will Wipe Out Need for Crypto
30.10.2020
The Russian Central Bank has been banging the drum again on what has become its favorite subject – regulating crypto, and has apparently responded to criticism of its plans to issue a digital ruble by claiming a central bank-issued token could eliminate out the need for people to use crypto.
In...
Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash
30.10.2020
The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified
Mongolia’s largest bank to offer crypto-related services
30.10.2020
The country continues to make slow but sure steps on its way to being a crypto-friendly nation
Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement
29.10.2020
Bitcoin price rallied from $12,920 to $13,600 in the hours following the European Central Bank (ECB) statement and optimistic job data from the U.S
Casa Rolls Out ‘Bank-to-Wallet’ Bitcoin-Buying Services for US Customers
29.10.2020
The cryptocurrency custody startup announced on Thursday that users will now be able to buy bitcoin (BTC) on the Casa app using their bank accounts
Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank
29.10.2020
Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran’s Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to enable...
Will they or won't they? Central banks eye each other's digital currency moves
29.10.2020
Canada's central bank recognizes that CBDCs are a necessarily international issue
Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage
29.10.2020
Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and that the G7 needs to coordinate on digital currencies
Digital yuan will combat US 'dollarization' says former PBoC governor
29.10.2020
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan
Avanti launches crypto-friendly bank in Wyoming
28.10.2020
The Wyoming State Banking Board voted unanimously to grant Avanti a bank charter
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
28.10.2020
The approval, if made final, opens the door for the new bank to custody cryptocurrencies
Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank
28.10.2020
Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming
Cambodia launches inter-banking platform that runs on blockchain
28.10.2020
But don’t call it a CBDC, says central bank reps
The blockchain revolution is already here, say Alex and Don Tapscott
28.10.2020
Tech evangelists Alex and Don Tapscott believe blockchain will “rewrite the economic power grid and the old social order.”
Cambodia Central Bank Launches Bakong Blockchain Payments System
28.10.2020
Cambodia sees Bakong as a critical step in modernizing its payment system and de-dollarizing its economy
Ethereum Developer ConsenSys to Assist French Bank With CBDC Pilot
28.10.2020
The Ethereum developer will help the digital assets arm of Societe Generale carry out research on a central bank digital currency
22 Indian Bank Branches to Begin Offering Crypto Banking Services
28.10.2020
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more....