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The Problem With Painting Blockchain With a Crypto Brush
21.4.2021
Blockchain’s underlying decentralized ledger technology has many practical applications, yet, the value of the technology itself has in practice become secondary to token capitalization. Speculation in Coins and Tokens Routinely Overshadows Promising Developments and Initiatives As major...
Bitcoin Booms Again; Demands Crypto from Consumers’ Banks
20.4.2021
Bitcoin or BTC is a renowned name in the crypto industry. The currency has been around for a long time, making the industry what it is today. In 2021, even amidst numerous cryptos around BTC is the most trusted name. Lately, BTC’s price has been fluctuating tremendously, but it finally rose again....
Former currency comptroller to become CEO of Binance.US crypto exchange
20.4.2021
Former top U.S. banking regulator Brian Brooks is joining the U.S. affiliate of the world’s largest cryptocurrency exchange as its new CEO
Société Générale Launches Blockchain-Based Structured Product
19.4.2021
French financial services giant Société Générale has issued security tokens on Tezos’ public blockchain as part of its ongoing experimentation with cutting-edge fintech applications. Latest Move Reflects Bank’s Efforts to Fold Cryptocurrency Operations Into...
Bitcoin on balance sheet attracts negative attention from anti-crypto banks
18.4.2021
Having over 90,000 BTC on the balance sheet could see a company’s stock blacklisted by banks that remain crypto detractors
Turkey to ban cryptocurrency payments
16.4.2021
Turkey's central bank is also banning payment providers from offering fiat-to-crypto onramps for cryptocurrency exchanges
Crypto-First Trading App SimpleFX to Introduce Staking
15.4.2021
PRESS RELEASE. SimpleFX, one of the world’s leading trading apps with both crypto and fiat accounts is going to invite traders to try out their beta staking module. The trading app is already recognized as a great alternative to mainstream Robinhood or eToro platforms. They win new users...
One of Europe’s largest investment banks issues security token on Tezos
15.4.2021
Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network
Nearly 75% of professional investors see Bitcoin as bubble: survey
15.4.2021
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin
Moscow Stock Exchange, Russian Banks Co-Found Blockchain Operator
13.4.2021
Source: Adobe/Dmitri Kalvān
Russia is edging ever closer to realizing its dream of breaking through the barriers of international trade-limiting EU and American sanctions by developing new payments system infrastructure – with the aid of blockchain technology.
Per RBC, the Moscow Stock Exchange...
European Investment Bank reportedly to issue bonds with blockchain tech
13.4.2021
The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain
Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’
12.4.2021
The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification...
An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’
10.4.2021
Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not fulfill the basic properties of money.” She also describes bitcoin as a “speculative asset without any recognizable fundamental value and is subject...
With Banks Turning to Bitcoin, Is It Finally Time to Long the Bankers?
10.4.2021
The banks are coming. After years of derision and suspicion, major banks are gradually warming to Bitcoin (BTC), with many major financial institutions beginning to roll out crypto-related services.
In the past, much of the Bitcoin community was taken to declaring, “Long bitcoin, short...
Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’
9.4.2021
Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where...
Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data
8.4.2021
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court...
State Street to provide tech for institutional Bitcoin trading platform
8.4.2021
State Street-owned FX platform Currenex will provide its infrastructure for the Pure Digital cryptocurrency exchange
Citi and IADB complete cross-border payment pilot with blockchain tech
8.4.2021
IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network
Digital yuan campaign planned for contested island in the South China Sea
8.4.2021
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan
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”...