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Crypto-Friendly Bank Revolut Launches in the US
25.3.2020
The challenger bank reportedly has plans to offer its crypto buying service to US customers in the near future
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
Cryptocurrency Regulations Advance Despite Global Crisis, Cash Shortages, Bank Closures
25.3.2020
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South...
Silvergate Bank Resolves Wire Transfer Issue That Kept Transactions in Limbo
24.3.2020
Crypto-friendly Silvergate Bank resolved the last of its wire transfer issues Tuesday morning, said CEO Alan Lane
Pioneering Crypto Bank Launches CHF-Backed Stablecoin
24.3.2020
Sygnum envisions a variety of applications for its “settlement coin,” including smart contract execution and dividend payouts for digital shares
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...
Russian Prime Minister Introduces Bill to Allow Fintech Sandboxes, Blockchain Included
24.3.2020
The new bill would allow the creation of “experimental regulatory regimes” for companies working on cutting-edge technologies like AI and distributed ledgers
Russian Ministry Wants to Test Crypto and Blockchain in Regulatory Sandboxes
24.3.2020
Russia’s Ministry of Economic Development is preparing a draft law to allow firms from various industries to experiment with crypto and blockchain in a regulatory sandbox
The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts
23.3.2020
The coronavirus outbreak has caused considerable damage to the global economy and this week the U.S. is facing the onslaught of the scare. As Republicans and Democrats battle in congress over a 2020 stimulus plan, corporate industries are leaping at the chance to get a bailout. While the Fed tosses...
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
23.3.2020
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making...
Dark Days Expected as Bank of St. Louis Head Says US Unemployment Could Reach 30%
23.3.2020
The global economy is apparently going down rapidly, but if we go by the fresh news coming from the US, the worst days are still to come. As per a report published by Bloomberg, James Bullard, chief of the Federal Reserve Bank of St. Louis, has predicted that the unemployment rate in the United...
Silvergate Bank Clients Experience Money Transfer Issues from Fedwire
23.3.2020
Cryptocurrency-friendly Silvergate Bank has had problems with clients being unable to transfer funds to the platform since Friday
Tim Draper Wants to Invest in the Coming Crypto "Renaissance" in India
23.3.2020
Tim Draper believes that India’s crypto sector is on the edge of a “renaissance” following the Supreme Court’s reversal of the RBI ban
Bank of China Continues Anti-Crypto Narrative on WeChat
22.3.2020
Bank of China continues to voice its distaste for crypto and urges the public to pay attention to scams
Zimbabwe U-Turns on Crypto, Looking to Stabilize Local Economy
22.3.2020
Zimbabwe’s central bank is working with crypto and fintech companies to leverage the country’s emerging digital economy amid crippling hyperinflation and currency instability
IMF Weighs the Pros and Cons of a Central Bank Digital Currency
22.3.2020
Tao Zhang, an IMF leader, details the pros and cons of a central bank digital currency, as well as a hybrid solution
Indian Government Engages RBI to Discuss Cryptocurrency Regulation
21.3.2020
The government of India is reportedly discussing a regulatory framework for cryptocurrencies with the central bank, the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI). Furthermore, the government is awaiting the outcome of another cryptocurrency case at...
1.2 Million Italians Can Now Buy Bitcoin From Their Bank
21.3.2020
Buying bitcoin just got easier for Italians. The country’s mobile bank Hype has announced a partnership with fintech Conio, enabling customers to buy, sell, and securely store BTC from within their banking app. With over a million Italians choosing to bank with Hype, and 60,000 new customers...
STO Platform’s Registration with Traditional Bank Helps Move Security Tokens Forward
21.3.2020
In partnership with payment outfit Lemonway, Blockpulse has registered with the ACPR Bank of France
Fed Stands Ready to Replace Infected Greenbacks With Clean Bills
20.3.2020
The Fed doesn’t plan to destroy banknotes as China did, but it has a stockpile of fresh greenbacks should it need to replace what’s in circulation