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Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System
30.6.2021
Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance...
Bitcoin likely won’t entirely replace current financial system, Coin Center director says
28.5.2021
Bitcoin may not make the current monetary and financial system extinct, although its usage will likely vary depending on one’s location
UniDex - One Step Closer to Challenge the Fiat Financial System
25.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Satoshi was very clear about his intentions in creating Bitcoin. The point was to eventually disrupt the traditional financial system so that it can be obviated. This overly ambitious goal has not been...
Sekuritance Is Here to Boost Public Confidence in Blockchain Transactions
23.5.2021
Crypto’s anarchic nature, with the emphasis on decentralization, lacks any regulatory bodies so far. But sooner or later it will have to adopt standards of some kind because when money moves in and out from the blockchains to and from the traditional financial system, some kind of compliance...
Liberian Central Bank Asks Local Crypto Startup to Drop its Plan to Launch a Digital Asset
15.5.2021
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine...
Bank of Korea to Monitor Crypto Transactions Using Financial Records
15.5.2021
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk...
Nigeria’s Cryptocurrency Traded Volumes on P2P Platform Top $1.5 Billion
5.5.2021
According to Paxful, a peer-to-peer trading platform, Nigeria’s cryptocurrency traded volumes on the platform topped $1.5 billion in the first four months of the year 2021. This figure represents almost a third of Paxful’s global total volume of $5 billion. This latest traded volume...
JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’
8.4.2021
JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system”...
DeFi, derivatives and fixing an antiquated financial system: Kristin Boggiano
26.3.2021
Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
10.2.2021
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial...
Robinhood and GameStop proved we need a new financial system
7.2.2021
It’s time to shine for DeFi, as the old financial system has rotted and degenerated and has been the main villain amid the GameStop saga
Paypal Launches Business Unit Dedicated To Cryptocurrency
6.2.2021
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...
Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront
3.2.2021
Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront. Pulse DeFi LTD Wants You to Be Able to Trust the Economy...
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
2.2.2021
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestock shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number...
Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System
27.1.2021
The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s...
Crypto Long & Short: No, Bitcoin Was Not a Response to the Financial Crisis
24.1.2021
In spite of the timing, bitcoin wasn't created as a result of the 2008 crisis – and this misunderstanding matters
Treasury Secretary nominee says crypto has potential to improve the financial system
22.1.2021
Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Crypto’s Choice: Join the Financial System or Fight It
27.12.2020
The crypto industry faces a momentous choice. Does it integrate with the existing financial system's rules? Or does it choose to fight for its anti-status quo principles?
COVID-19 Further Exposes Inequalities in the Global Financial System
16.12.2020
Ramya Vijaya, Professor of Economics, Stockton University.
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To stem the economic fallout from COVID-19, developed countries have injected an unprecedented USD 9 trillion into their economies.
The International Monetary Fund has recommended sustained fiscal support, emphasizing greater...