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US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon
17.11.2020
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next...
Argentinian Central Bank to Lift Freeze on Bank Fee Increases: Sets the Ceiling for Future Hikes at 9%
8.11.2020
The Central Bank of the Argentine Republic says starting in January 2021, financial institutions will be able to increase the fees or commission they levy for services rendered. In its November 5 update, which effectively ends the February 19 freeze on any fee hikes, the central bank says such...
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
21.9.2020
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds...
Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services
11.8.2020
Nationally regulated banks want the OCC to clarify just how and when they can provide cryptocurrency services, hinting traditional financial institutions are paying close attention to the space
SIA and Quant Network Successfully Test Blockchain Interoperability
28.6.2020
European payments platform SIA partners with Quant Network to establish blockchain interoperability solutions for financial institutions
US Bank Regulator OCC Asks for Public Input on Cryptocurrency Use in Financial Sector
4.6.2020
A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions
From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
18.5.2020
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their...
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
23.3.2020
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making...
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
8.2.2020
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding...
Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
Close to 14,000 Google Scholar Articles Mentioned Bitcoin in 2019
25.12.2019
On January 3, 2020, the Bitcoin network officially turns 11 and the technology has transformed the lives of many. Since blockchain’s inception, scholars and economists have rigorously studied and written thousands of academic papers covering the subject. In 2019, there were more than 13,700...
Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year
17.12.2019
According to the blockchain analysis firm Ciphertrace, major U.S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered...
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
29.9.2019
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that...
McAfee Hints Institutional Money Won’t Bring Bitcoin Revolution
25.9.2019
In a tweet posted Monday, September 23, Libertarian presidential candidate and crypto rebel John McAfee wrote: “BAKKT goes live today. It is institutionalized and monitored … if you are “initiated” into crypto, then you certainly won’t use it and will spend time luring...
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...