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Blockchain Live • September 26, 2018

Blockchain Live 2018 is an event dedicated to the adoption of blockchain technology. Set amidst the stratospheric growth of blockchain…

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Tag: bank

Research: Bitcoin Mining Operations Use Far Less Energy Than Banks

Category: Altcoins, Bitcoin, Mining, News

Research: Bitcoin Mining Operations Use Far Less Energy Than Banks

At a time when bitcoin antagonists have not stopped criticizing the world’s flagship digital currency for its high power consumption, The Conversation, a nonprofit academic news source has published a report on August 20, 2018. In the article, University of Pittsburgh energy technology researcher Dr. Katrina Kelly Pitou explained why bitcoin mining activities pose less harm to the environment than…

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Neluns – New generation financial ecosystem

Category: ICO News, Press Releases

Neluns – New generation financial ecosystem

The Neluns team recently announced it’s ICO, which will be held in three stages (rounds): Pre-Sale, Pre-ICO, ICO. The mission of Neluns is to create an innovative financial ecosystem combining within itself a bank that works with fiat as well as cryptocurrencies, a cryptocurrency exchange, and insurance company, thus, creating the most beneficial conditions for the quality development of the…

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Binance Set To Launch Regulated Bank in Cryptocurrency-Friendly Malta

Category: Adoption, Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News, Regulation

Binance Set To Launch Regulated Bank in Cryptocurrency-Friendly Malta

Binance, the world’s largest cryptocurrency exchange by volume, is set to launch a regulated bank that will be owned by crypto investors. According to a statement released on July 12, 2018, the new bank will be named ‘Founders Bank’, and Binance has said that its stake in the venture is five percent. Crypto Friendly Malta Long renowned for being a…

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Bank of Thailand to Adopt Blockchain Technology

Category: Blockchain, Finance, News, Regulation, Tech

Bank of Thailand to Adopt Blockchain Technology

Dr. Veerathai Santiprabhob, the Governor of the Bank of Thailand, announced the South East Asian country would use blockchain technology to improve existing banking applications. Blockchain Technology Gaining Momentum Santiprabhob made the announcement on June 5, 2018, at the Nomura Investment Forum in Singapore where he also expanded on the details in his Keynote Address concerning the Thai Economy and…

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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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