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European Central Bank’s CBDC Borrows Bitcoin’s Pseudo-Anonymity
20.12.2019
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans...
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
US Fed Official Says 50% of Bitcoin Transactions Associated With Illegal Activity
18.12.2019
A Federal Reserve official supported a study claiming that 25% of Bitcoin users and 50% of transactions are in some way illegal
A Better Alternative to Banking – Club Swan
18.12.2019
The crypto community has had a rough relationship with traditional financial institutions with limited solutions available. Around the world, both early and recent crypto users have had bank accounts closed, transactions rejected, unnecessary delays in receiving their funds, or worse. To add...
The Productization of Bitcoin Maximalism
17.12.2019
NLW discusses the rise in bitcoin only businesses and “blockchain not crypto” in China vs. “digital assets not blockchain” in US financial firms
‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report
17.12.2019
Europe's central bankers have developed an "anonymity voucher" to give prospective CBDC users limited privacy in their retail transactions
Private Payment System for Central Bank Digital Currency Possible, Says ECB
17.12.2019
New research from the European central bank claims that a central bank digital currency system that protects user privacy is possible
CipherTrace Hints at Financial Institutions Incompetence to Trace Digital Currency Transactions
17.12.2019
CipherTrace has taken the crypto world in a blow by stating that nearly $2 billion digital currency transactions, processed by the top 10 highly reputed U.S banking entities, go traceless on a yearly basis. CipherTrace takes pride in being the world’s first blockchain forensics team created by...
New Zealand’s ASB Bank Owns 21% in TradeWindow Following $1.7M Round
16.12.2019
ASB Bank, owned by Commonwealth Bank of Australia, becomes the 2nd biggest shareholder of blockchain firm TradeWindow as it joins $1.7 million funding round
Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy
16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...
German Banks Increasingly Charging Retail Clients Negative Interest Rates
16.12.2019
A growing number of banks in Germany are charging retail customers negative interest rates, starting with the very first euro deposited into their accounts. At least three German banks are reportedly doing so, with more expected to follow suit in the near future. As the European Central Bank...
Swiss Government Doubts E-franc Project Validity
14.12.2019
The National Swiss Bank and the government has withdrawn its support to the central bank’s highly anticipated project on the e-Swiss franc, stated the statement released by the finance department of the country on Friday. This shocking statement has created a lot of chaos in the Swiss territory...
The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
14.12.2019
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when...
Sweden's Central Bank to Partner with Accenture to Launch E-Krona
13.12.2019
Sweden’s central bank is making plans to create a pilot platform for a digital currency known as the e-krona
German Bank Launches Digital Assets Unit to Offer Custody Products
13.12.2019
Berlin-based solarisBank has opened a subsidiary to offer a white-labeled custody product to nonbanks interested in offering crypto products
Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
13.12.2019
The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities
Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
13.12.2019
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring...
‘New Risks’: Swiss Government Skeptical on Central Bank Digital Currency
13.12.2019
A digital Swiss franc would do more harm than good and bring financial risks, according to the nation's government
Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank
12.12.2019
The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter