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Ukraine’s Central Bank: E-Hryvnia Threatens Landscape of Banking System
25.2.2020
The National Bank of Ukraine is still trying to balance the potential threats and benefits of a central bank digital currency
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
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...
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...
The Big Lie Perpetuated by Central Banks
27.10.2019
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Also read: Bitcoin...
Blockchain Revolutionizing Banking System: Crypto's Bright Future
14.10.2019
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
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Current status and issues
The blockchain has pursued decentralized ideal and it has succeeded to some extent. However, decent years after the invention of blockchain, some of its problems...
New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals
2.10.2019
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being...
Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
1.10.2019
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council
Crypto Lending Platforms Prepare to Assail the Banking System
30.8.2019
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate...
Circle CEO: China’s Digital Currency Could “Bypass Western Banking System”
24.8.2019
Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi
Israeli Cryptocurrency Traders Locked Out of Banking System: Report
8.8.2019
Crypto startups are hitting a snag when it comes to Israeli banks
Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...
Deutsche Bank Collapse Could Crash Global Financial Markets
21.7.2019
German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of...
JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System
28.6.2019
Jamie Dimon does not think that crypto poses an existential threat to JPMorgan's core business
DeFi: Seamless Payments with Totle
27.3.2019
Decentralized finance (DeFi): The industry of financial services built on the blockchain for the purpose of removing consumers’ dependency on the banking system, enhancing financial security, and expanding consumers’ financial capabilities. DeFi services offer users complete control over their...