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JP Morgan’s Blockchain Network is Now Offering its Services to Germany’s Largest Bank
16.9.2019
Deutsche Bank, Germany’s largest bank has opted for a blockchain-based network by joining JP Morgan‘s Interbank Information Network (IIN). It is the biggest blockchain project in the financial service industry. Launched in 2017, this blockchain-based network is now seeing rapid growth in...
Germany’s Largest Bank Joins JPMorgan’s Blockchain Network
15.9.2019
Deutsche Bank joins JPMorgan’s blockchain-based platform IIN, expanding the network up to 320 members
Crypto Facilitates Money Transfer for Restricted China
14.9.2019
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...
Russian Banks Intent on Depriving Cryptocurrency Owners of Anonymity
13.9.2019
Russians want to eliminate all kinds of anonymity with regard to cryptocurrency dealings and make facts and figures related to crypto ownership public, thus bringing in a certain degree of transparency in the dealings. The media outlet RNS has reported that the Association of Banks of Russia, which...
Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will
13.9.2019
Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant...
Venezuela: New Bitcoin Trading Record as Biggest Bank Embraces Petro
13.9.2019
Venezuelan banking customers could soon get a Petro wallet
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 …
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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...