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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: bank

South Korea’s Central Bank May Soon Issue a Native Cryptocurrency

Category: Altcoins, Blockchain, Finance, News, Regulation

South Korea’s Central Bank May Soon Issue a Native Cryptocurrency

South Korea, arguably amongst the world’s most crypto-friendly nations, may soon see a central-bank issued cryptocurrency based on a May 3, 2018, report. South Korea Aiming to Become a Cashless Society According to The Korea Times, The Bank of Korea (BoK) is conducting a study in the field of digital assets and further intends to introduce clear-cut regulatory standards pertaining…

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While Bitcoin Moves Down, Blockchain Moves up in Canada

Category: Blockchain, News, Regulation, Tech

While Bitcoin Moves Down, Blockchain Moves up in Canada

Today, Canada remains at the forefront of technological development in areas including transportation, communications, and energy. And in a patent application released on March 15, 2018, the Royal Bank of Canada (RBC) seems all but ready to adopt the world’s newest technology: The blockchain. Frictionless Loan Assignment According to the application, the RBC would build a blockchain-based platform that automatically…

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JP Morgan Report: Cryptocurrencies Are Here to Stay

Category: Altcoins, Bitcoin, Blockchain, Finance, News, Tech

JP Morgan Report: Cryptocurrencies Are Here to Stay

An internal report on cryptocurrencies by JP Morgan has surprised many observers as it flies in the face of widespread perceptions of the financial powerhouse’s attitude towards virtual currencies. More than a just grudging acknowledgment of digital coins’ presence in the here and now, it seems almost positive in its summary and future predictions. Was Dimon’s Apology Just an Olive…

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Rabobank Shuns Bitcoin Businesses, then Fined $369 Million for Money Laundering

Category: Bitcoin, Commentary, Finance, News

Rabobank Shuns Bitcoin Businesses, then Fined $369 Million for Money Laundering

Just a week after publicly refusing to service businesses in the bitcoin and greater cryptocurrency industry, the Netherlands’ Rabobank was fined a hefty $369 million when found guilty of money laundering. Clouded Ethics Rabobank was one of five Dutch banks which outright declined cryptocurrency-related bank accounts within their institutions, citing “too great compliance risks” as their underlying motivation. A spokesperson…

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Metropolitan and Capital One Bank Making Life Hard For Bitcoin Investors

Category: Bitcoin, Business, Commentary, News, Regulation

Metropolitan and Capital One Bank Making Life Hard For Bitcoin Investors

Misleading reports that the Metropolitan Bank Corporation, a bank of choice for many crypto firms regarding wire transfers and deposits, declared that the firm had indefinitely suspended all crypto-related international wire transactions with immediate effect. End of the Road? According to Fortune a customer of the Bank disclosed that the Metropolitan bank had informed his investment firm of its intention…

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Novogratz Reveals Plans To Create Cryptocurrency Merchant Bank

Category: Altcoins, Bitcoin, Business, News

Novogratz Reveals Plans To Create Cryptocurrency Merchant Bank

Former wall street hedge fund manager Mike Novogratz has revealed his plan to create a merchant bank that will be wholly focused on cryptocurrencies and enterprises based on blockchain technology. As stated in the press release, through his company Galaxy Digital, Novogratz hopes to develop a “best-in-class, full service, institutional-quality merchant banking business in the cryptocurrency and blockchain space.” He…

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Russia’s Biggest Lender Opens Blockchain Lab

Category: Blockchain, News, Tech

Russia’s Biggest Lender Opens Blockchain Lab

Sberbank, a state-owned Russian bank, has opened up about an initiative for starting a blockchain laboratory. The lab aims to provide a platform to pilot test blockchain endorsed business solutions for the Russian financial group. Blockchain technology to transform banking industry The biggest lender in Russia is already developing 20 blockchain based pilot projects, including a joint venture with Severstal…

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Hackers Extort Clients of Bank in Liechtenstein, Demand 10 percent of Balances

Category: Bitcoin, Business, News

Hackers Extort Clients of Bank in Liechtenstein, Demand 10 percent of Balances

Liechtenstein is known as a tax haven. Hackers claim to possess the bank account data of the clients of the country’s bank Valartis. To not report tax crimes they demand that the customers pay a ransom of 10 percent of their balance, in bitcoin. The principality of Liechtenstein is one of the tiniest nation states of the world. It is…

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