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OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation

21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...

Barclays’ Former Russian Bank Has Issued a Token-Collateralized Loans

19.8.2020
Expobank has issued its first loan using WAVES tokens as collateral – they're now estimating what future demand could be

Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan

19.8.2020
The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment. Per a report from media outlet Kommersant, the loan was secured by using tokens issued...

XRP Isn’t Competing With Stablecoins and CBDCs, Says Ripple Exec

19.8.2020
XRP contributes to the development of CBDCs and stablecoins, says key exec

Waves Powers Russia’s First Reported Crypto-Backed Bank Loan

19.8.2020
Russian banks are not waiting for full regulatory clarity to issue crypto loans

Bequant, Now in Crowded Prime Brokerage Race, Adds Signature Bank Integration

18.8.2020
In a newly crowded market, Bequant is still adding features to the suite of services it's been building for the past two years

Capital One Files Patent for Cryptocurrency Market AI Prediction System

18.8.2020
Major U.S. financial services company Capital One has filed a new patent application for a cryptocurrency analysis and trading system that will attempt to predict crypto market trends and generate trading decisions using artificial intelligence (AI). Capital One’s Cryptocurrency AI System...

Bitcoin Is ‘a Myth’ Says French Central Bank Policymaker

18.8.2020
A leading French academic and central bank policymaker has called bitcoin (BTC) a “myth” and a “pseudo-currency,” and dismissed the token’s chances of becoming money in the future, claiming that it fails to meet criteria currently fulfilled by fiat. The claims were made in a paper released by...

Bank of England Joins Key Roundtable on Central Bank Digital Currency Design

18.8.2020
The Bank of England is keeping central bank digital currency research high on its 2020 agenda

Bitcoin Is Now Bigger than Bank of America and NZ Dollar by Market Cap

18.8.2020
As Bitcoin reaches a new yearly high of $12,470, its market cap is now greater than Bank of America's and New Zealand’s fiat currency

China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong

17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...

ING Bank, Rolls Royce Join Alliance to Promote Blockchain Education

17.8.2020
Both Rolls Royce and Ing Bank have signed up to an industry body that supports student developers interested in building their own blockchain projects

4 of South Korea’s Largest Banks to Provide Cryptocurrency Services

16.8.2020
Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...

US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT

15.8.2020
The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed...