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Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
Malaysia Regulator Approves International Crypto Exchange Luno
23.10.2019
The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
Bitcoin IRA Is Letting Customers Lend Out Their Crypto Retirement Funds
22.10.2019
The digital asset IRA company will offer interest on cryptocurrency and cash holdings that customers want to lend out
Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty
21.10.2019
Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions. Some of the nations in the list are going through political turmoil...
Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives
14.10.2019
The darknet marketplace Berlusconi Market has been reportedly down for more than two weeks, according to users who patronize the hidden website. The outage has led many to believe the market administrators exit scammed with all the funds. While others speculate that government agents have...
Coinbase Receives E-Money License From the Central Bank of Ireland
13.10.2019
Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions. Also Read:...
OKCoin Crypto Exchange Offers $30 Worth BTC to New Customers as Part of Promotion Strategy
9.10.2019
OKCoin, the leading digital currencies trading platform, has announced its new trading fee schedule to achieve a lead from its competitors in the field. The latest trading fee rates became effective from Wednesday, i.e., October 9, 2019. The astonishing offer made by the reputed exchange...
Major German Coop Bank Passes Negative Interest Rates to Customers
9.10.2019
One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about...
Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
8.10.2019
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated...
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
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...
Bittrex International To Offer 25 Million Worth Bittrex Credits To International Customers
25.9.2019
Bittrex International, the leading European-based cryptocurrency exchange for non-US customers, has announced an expansion of its beta rewards program to a larger international client base. The program will foster rewarding of Bittrex Credits of over 25 million worth to the loyal Bittrex...
Swiss Banks Team With Fintechs to Enter the Crypto Space
25.9.2019
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards...
Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000
25.9.2019
The Reserve Bank of India has imposed regulatory restrictions on a cooperative bank with 137 branches across India, including limiting customer withdrawals to a total of 1,000 rupees (approximately $14) per account for six months. Police personnel had to be deployed to control angry customers...
CoinShares Urges Customers to Support the Crypto ETNs Against the UK Ban
24.9.2019
CoinShares, a UK-based digital asset management company that offers financial services and products to professional investors has urged its consumers to come forward in support of crypto ETNs (Exchange-traded Notes) against the proposed ban on it by the FCA (Financial Conduct Authority) of...
Major German Stock Exchange Group Launches Crypto Trading
24.9.2019
Boerse Stuttgart Group, which operates Germany’s second-largest stock exchange, has launched a regulated crypto trading platform, in partnership with Solarisbank. Customers can connect directly to the new exchange and trade bitcoin against the euro without a broker. Also read: Indian...
Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETNs
24.9.2019
Coinshares is urging its customers to fight a proposed ban on cryptocurrency ETNs by the United Kingdom’s Financial Conduct Authority
CoinShares Enlists Customers to Lobby Against UK Ban of Crypto ETN
23.9.2019
CoinShare's called the ban proposal of ETNs "unwarranted" and "not been properly thought out or considered."
Bakkt Regulated Bitcoin Futures Now Live on Major Exchange
23.9.2019
Trading is now live for Bakkt’s regulated, physically-delivered daily and monthly bitcoin futures, with the first trade executed at 8:02 pm ET on Sunday. Customers’ bitcoins are stored in the Bakkt Warehouse, a qualified custodian, regulated by the New York State Department of Financial...