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A Single Chinese Region Accounts for One-Third of Global BTC Hash Rate
7.5.2020
Cambridge University has launched a ‘Bitcoin Mining Map’ that shows the distribution of hashing power worldwide as well as within China
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?
Bankera Launches Bank Account Alternative Focused on Crypto Businesses
17.4.2020
Bankera, an ambitious project to build a neobank for the digital era, has started to offer payment accounts to individual and business clients as a low-cost, fast and convenient alternative to traditional bank accounts. Individual and business clients who sign up to the service can already enjoy...
Huobi’s New Crypto Transaction Monitor Will Automatically Freeze Suspicious Accounts
13.4.2020
Huobi Group has launched a new in-house transaction intelligence tool to snuff out illicit activity across its crypto exchanges
Developer Launches Noncustodial Bitcoin Cash-Powered Authorization Platform
11.4.2020
Seven days ago, a crypto software developer announced a new web service called Signup.cash, which provides individuals and organizations with the ability to create web-based applications for Bitcoin Cash (BCH). The engineer and team members who developed the new platform for BCH stressed that...
Germany’s Crypto Custody Law Hits a Snag: Startups Can’t Get Bank Accounts
7.4.2020
Even though the crypto custody law falls under the German banking act, German banks are hesitant to give crypto firms bank accounts
Blockchain Bites: Major Crypto Players Sued, Steem Froze Accounts and More
6.4.2020
A boutique law firm is leading a bevy of charges against the biggest names in crypto while MakerDAO plans its obsolescence
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
2.4.2020
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.
The post Major Swedish Bank...
New Lightning Network Authentication Method Could Replace Website Accounts
31.3.2020
The new lightning implementation acts as an authentication protocol for paid services
Circle Rolls Out Stablecoin Business Accounts, Preps SeedInvest for Sale
10.3.2020
Circle is rolling out business accounts denominated in the stablecoin USDC and looking to sell crowdfunding platform SeedInvest as part of an ongoing pivot
Is Twitter Helping Justin Sun and Other Cryptocurrency Celebrities Defraud?
8.3.2020
A site as hugely influential as Twitter should ideally take a balanced and responsible approach when suggesting blue check accounts and other popular influencers to follow in the crypto space. Fact is, this couldn’t be further from the reality: Twitter seems to constantly promote the same...
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
Copy Trading Platform ZuluTrade Powers SetBroker.com
28.2.2020
SetBroker, an innovative Bitcoin-based copy-trading platform, announced today their successful launch. Their platform is powered by ZuluTrade’s technology and Traders ecosystem.
The post Copy Trading Platform ZuluTrade Powers SetBroker.com appeared first on Bitcoin News
Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers
23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...
Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation
20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...
IDShield Firm Unveils Service Enhancement Plan to Monitor Financial Accounts
17.2.2020
Based in North America, IDShield, the leading legal service products provider, has announced the news about the launch of a service enhancement focused on the protection of the members from illicit, unauthorized electronic fund transfers from their employer-sponsored 401K, retirement, and health...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
A Million EPayments Accounts Frozen Due to Regulation Control
12.2.2020
UK regulator FCA suspends ePayments operations due to anti-money-laundering controls