Bitcoin Blockchain and Cryptocurrency News Center
When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying […]
Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day. Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people to […]
Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has just announced that it’s restarted trading services. The New Zealand-based exchange posted a notice on Twitter Wednesday, saying: The company is providing a full list of the available pairs on its support pages. On Jan. 16, Cryptopia went offline stating that it “suffered a security breach which resulted in […]
Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies, the CoinDesk reported. In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). […]
Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3. The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it is not illegal […]
Liechtenstein-based Bank Frick is launching an institutional cryptocurrency trading platform subsidiary, DLT Markets, Cointelegraph auf Deutsch reported on Feb. 22. According to the bank’s announcement, DLT Markets will provide institutional investors “with fully regulated and secure multi-exchange access to the digital token asset class.” Edi Wögerer, CEO of Bank Frick, declared: “With our spin-off, we are offering institutional clients a […]
As the CoinTelegrapn announced on January 16, Canadian banking group supports the idea of using blockchain technology as part of a digital ID system for residents, national news agency The Canadian Press reported via various local media outlets on Jan. 15. Speaking during a presentation at the Economic Club of Canada in Toronto, chief executive of the Canadian Bankers Association (CBA) Neil […]
Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where kimonos are often found next to the latest fashion trends. This contradictory […]
As the CoinTelegraph announced, the Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms. Originally submitted in June 2017, the patent references “banking systems controlled by data bearing records.” “Aspects of the disclosure relate to deploying, configuring, and utilizing cash handling devices to provide dynamic […]
Abu Dhabi-headquartered Al Hilal Bank has carried a blockchain-based transaction for an Islamic bond worth $500 million, the CoinDesk reported on November 27. The bank, an investment arm of the Abu Dhabi government, announced Monday that it settled the Islamic, shariah-compliant bond, or sukuk, worth $500 million on the secondary market, using blockchain tech. The bond is […]