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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...
Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht
14.8.2020
Thailand’s central bank assesses the chances of bringing centralized and decentralized together
Singapore’s Central Bank Backs New Code of Practice for Crypto Companies
14.8.2020
The guidance is aimed to assist regulatory compliance and enhance crypto industry conduct under the city-state's payment laws
Boston’s Federal Reserve Bank and MIT to Tackle Digital Currency Research
14.8.2020
Fed Governor Lael Brainard shares updates about the U.S. digital currency initiative and why it is crucial to understand CBDCs
China to Launch Major Expansion of Digital Currency Trials
14.8.2020
China is said to be planning additional testing of its digital yuan across a number of developed regions including Hong Kong
Hong Kong’s Greater Bay Area to Launch China’s Digital Yuan
12.8.2020
China’s CBDC is on its way to Hong Kong
Unpacking the Avit, Avanti Bank’s New Digital Asset Being Built With Blockstream
12.8.2020
Avanti says the Avit will not encounter the legal, accounting or tax hurdles of stablecoins, but it’s not yet clear where the asset will fit under U.S. law
Ternio’s ERC-20 TERN Token Listed On Global Crypto Exchange Bibox
12.8.2020
ATLANTA, GA – August 10, 2020 – Ternio’s ERC-20 payment token TERN, has been listed by global cryptocurrency exchange, Bibox. This news comes two months after Ternio’s announcement that they would be burning ten percent of the TERN supply, previously hosted on the Stellar...
Binance Denies Report It Was Blocked From Installing Its CEO on Board of Failing Bank
11.8.2020
Crypto exchange Binance said the FMA had not rejected an application for CEO Chanpeng Zhao to join the board of the now-defunct Union Bank
Report: Regulators Reject CZ’s Application to Become Shareholder in Troubled Bank
11.8.2020
Alleged attempts to bring Binance CEO CZ on as anchor shareholder in a troubled Liechtenstein bank have reportedly been blocked by regulators
Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
11.8.2020
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space
Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report
11.8.2020
India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a legal framework for cryptocurrencies but the government says...
South Korea’s Largest Bank Unveils Bitcoin Custody Services
9.8.2020
KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with...