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Russia’s Largest Bank Buys $15 Million in Debt Using Hyperledger Blockchain
12.9.2019
Sberbank, Russia's largest bank, bought about $15 million worth of accounts receivable from commodity giant Trafigura using a Hyperledger blockchain
Alfa-Bank Launches Bank-as-a-Service Platform on Waves Blockchain
12.9.2019
Alfa-Bank and X5 Retail Group partnered to launch a blockchain liquidity management service in Russia
Greta Thunberg Joins Satoshi in Questioning Bank Bailouts
12.9.2019
Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from...
Circle CEO, Jeremy Allaire States that China has an Open-minded Approach to CBDCs
11.9.2019
Circle CEO, Jeremy Allaire, opined that China has the most open-minded way to deal with CBDCs (central bank digital currencies) to date. Further, Allaire said in a recent interview on Phoenix Chinese News that China’s national bank has the most forward-thinking considering Central Bank...
Circle CEO: No One in the World Is Any Closer to CBDCs than China
11.9.2019
No country in the world is closer to central bank digital currencies than China, Circle CEO Jeremy Allaire says
Paytm owner One97 in Discussions to Acquire Stake in Yes Bank
10.9.2019
There was a time when Yes Bank was one of the shining lights of the dynamic private banking sector, but over the past year or so the bank has lurched from one crisis to another. During this period, its stock price has plunged significantly as well and hence; it has gone for a range of …
The...
Has the Uruguayan Central Bank Taken a Crypto U-turn?
10.9.2019
Alberto Graña, governor of the Banco Central del Uruguay. Source: a video screenshot, Youtube, Felipe Buitrago
Uruguay’s financial chiefs appear to have made a volte-face on cryptocurrency and blockchain policy – and may look to embrace crypto- and blockchain-powered finance instead of pushing...
MakerDAO Is Helping 60 Kids in Brazil Learn the Basics of Blockchain
9.9.2019
The World Bank is teaming up with MakerDAO to bring blockchain education to Brazilian favelas
Crypto Banking Expands With Positive Interest Rates and New Services
9.9.2019
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks...
S&P Says GCC Banks Are Improving Rapidly Due to Tech Adoption
9.9.2019
Over the past two decades, the advancements in technology have brought on far-reaching changes in the lives of individuals as well as in a range of industries. Tech is now the bedrock of most industries, and it is felt most acutely when it comes to the banking industry. Nowadays, the long-term...
The Fed Chair Jerome Powell Commented That the Consumers Are Not ‘Clamoring For Central Bank Backed Cryptocurrencies’
8.9.2019
Addressing a forum sponsored by the Swiss Institute of International Studies, in Zurich, Switzerland, on Sept. 6, the Federal Reserve Chair Jerome Powell answered questions about the issue of cryptocurrencies. He stated that the central bank is not “actively considering” minting...
Swiss National Bank President Says Stablecoins Could Hamper Policy
7.9.2019
Swiss National Bank President Thomas Jordan says foreign-pegged stablecoins could hamper Switzerland’s monetary policy in some circumstances
PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?
6.9.2019
PNC Bank begins RippleNet-based international payments, signaling interest by the banking sector
U.S. Congressional Probe Identifies Possible Gaps in Deutsche Bank’s Money Laundering Controls
6.9.2019
A decade or so ago, German banking giant Deutsche Bank AG was counted among the biggest banks in the world, but the financial crisis of 2008 hit the bank hard. Since the financial crisis, the bank has struggled to put its business into top gear again, and now it is faced with a legal issue...
New Head of China’s Digital Currency Says It Beats Facebook Libra on Tech Features
6.9.2019
The PBoC's new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra
China’s National Crypto Similar to Libra, Central Bank Official Says
6.9.2019
The central bank believes the digital currency will help protect China’s foreign exchange sovereignty
Bank of Armed Forces Criticizes Mastercard for Stopping Card Service in Venezuela
5.9.2019
One country that has been in the middle of a prolonged economic depression is Venezuela and despite the country’s vast reserves of oil, there seems to be no way out for the citizens. The country is suffering from severe food shortages, runaway inflation, and other troubles that one associated with...
Large Number of Goldman Sachs Partners Could Exit by the End of 2019
5.9.2019
Over the past decades, Goldman Sachs has grown into the world’s most powerful investment bank, and one of the biggest reasons behind its success has been its ability to take decisive steps early. It may be about its investment decisions, adoption of new technology, or the possibility of bringing...
Burundi Central Bank Director: ‘Strong Measures’ Will Be Taken Against Crypto Traders
4.9.2019
The Republic of Burundi banned all cryptocurrencies, stating the volatile, speculative and unregulated asset class presents too much risk for citizens
Oracle Lets Blockchain Tech Firm Hydrogen Into Its Cloud Marketplace
4.9.2019
Hydrogen, a builder of ethereum-based blockchain tech, has scored a spot in Oracle's Cloud Marketplace, used by nearly half a million customers