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Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels
29.4.2020
Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday
Digital Asset Firm Taurus Group Raises €10M From Investors Including Banks, Tezos
29.4.2020
Taurus Group is looking to expand its operations after securing Series A funding led by Arab Bank Switzerland
Arab Bank Switzerland Leads Major Series A for Swiss Digital Assets Firm Taurus
29.4.2020
While undisclosed, the amount is reported to be an “8-digit” figure in Swiss francs — implying a $10 million+ investment
Future of Finance: CBDCs Offer the New Architecture of Bank Accounts
29.4.2020
Could stablecoins and central bank digital currencies offer the only viable alternative to traditional bank accounts?
Crypto Bank Pioneer Wants Greater Transparency Across the Industry
29.4.2020
The Wall Street veteran warns that the rise of stablecoins is distributing ‘IOUs’ throughout the digital asset sector
1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining
29.4.2020
The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt...
European Central Bank: Digital Euro Should Not Discourage Private Initiatives
28.4.2020
The European Central Bank believes that the digital euro is just one of many solutions to nationalize its payment systems
Crypto Answers to the Global Crisis: Bitcoin's Do-or-Die Moment
28.4.2020
The COVID-19 pandemic has resulted in global financial and economic crisis, and this is the best chance for crypto to prove its benefits
Alibaba-Backed AI Startup SenseTime to Help China Handle Digital Yuan
28.4.2020
Alibaba-backed AI startup SenseTime partners with China’s central bank to collaborate on the digital yuan amid reported trials
Bank Of China Expands Tests of New Fintech Regulation to Six More Cities
27.4.2020
Bank of China has a plan for fintech development and it’s now expanding pilot projects in six more cities to strengthen fintech regulation
BIS Innovation Hub Head: COVID-19 Has Exposed The Value of DLT
25.4.2020
The BIS is exploring digital currencies and tokenization amid the coronavirus pandemic
Boon for Bitcoin, Donald Trump as Ex-Fed Official Pushes to Tax Savers
25.4.2020
After U.S. oil turned negative, the Fed’s interest rates may be next in line, warns one of its ex-presidents
Binance Announces Up to 10% Cashback on Purchases via “Pay with Bank Card” Service
25.4.2020
World’s largest crypto exchange Binance announced on Saturday that the users would get up to 10% cashback on all the crypto purchases made via the “Pay with Bank Card” service. The users will get daily bonuses on a first-come, first-serve basis, the details of which were further given in the tweet:...
Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
24.4.2020
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents...
Crypto Firms Brace as World Bank Predicts 20% Crash in Global Remittances
24.4.2020
The World Bank is predicting that the half-trillion-dollar remittance industry will fall by 20% this year
Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank
24.4.2020
Crypto-friendly Metropolitan Commercial Bank reported $25 million more in deposits from crypto customers in the first quarter of 2020
Liquidity Crisis: The Fed Is Sending Billions of Emergency Dollars to USD-Dependent Nations
24.4.2020
Since the start of the coronavirus outbreak, the U.S. Federal Reserve has created trillions of dollars in order to keep the central bank’s private partners’ liquidity strong during the economic downturn. These moves have caused a number of sound money advocates and economists to explain...
Starbucks and McDonald's Rumored to Be Testing China's Digital Currency
23.4.2020
Starbucks and McDonald’s shops in Xiong’an will reportedly support payments with China’s digital yuan
Argentina's Banks Set to Use RSK Blockchain Technology for Tracking Payments
22.4.2020
RSK enters the enterprise blockchain field by collaborating with major Argentinian banks
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...