#banking

Bitcoin holding a dank green cannabis leaf

Cryptocurrency and Cannabis: Risky Investments with a Twist

June 12, 2019 by Ashwath Balakrishnan at Investment, News

While classifying investments based on growth potential and risks, investors tend to cluster cryptocurrency, cannabis, and biotech together. While cryptocurrency has several more dimensions of risk, Rob Wertheimer of Melius Research gave a strong point of difference between cannabis and cryptocurrency in an interview with Yahoo Finance, June 11, 2019. Consumer...

Blockchain Streaming out of a Bank onto Someone's Phone

Report: Retail Banks Still Wary of Blockchain Technology

June 9, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

While distributed ledger technology (DLT) is fast gaining traction in several sectors of the global economy including investment banking, remittance, payments, and others, a new report by McKinsey & Co has revealed that the retail banking ecosystem have been slower to integrate the technology due to regulatory challenges and other...

Israel’s Supreme Court Finally Rules in Favor of Bits of Gold Exchange

June 4, 2019 by Ogwu Osaemezu Emmanuel at Regulation

The long-standing court battle between Bits of Gold, one of Israel’s pioneer bitcoin trading venues and Bank Leumi, the nation’s second-largest lender, has finally come to an end as the Israeli Supreme Court has ruled in favor of the cryptocurrency exchange. The conclusion mandates the bank to unfreeze the firm’s...

German Central Bank Presidents Warns of Digital Currency Blaze

May 30, 2019 by Ashwath Balakrishnan at Altcoins

Jens Weidmann, President of Bundesbank, believes mainstream adoption of digital currencies will lead to a systematic destabilization of the financial markets and banking system, May 30, 2019. More Doomsday Predictions Central banks around the world are exploring the potential of electronic cash in response to a growing demand to digitize...

Contract with Writing on it and a Stamp from the Bahamas

Central Bank of Bahamas to Launch a CBDC by 2020

May 30, 2019 by Aisshwarya Tiwari at Altcoins

The Central Bank of The Bahamas (CBOB) is set to move one step closer toward a nation-wide digital payment structure as it looks to ink a business partnership with transaction provider NZIA.io on May 30, 2019. This according to a report by The Nassau Guardian, published on May 29, 2019....

Imani Banking made Possible for Unbanked Africans with Blockchain Payments Platform 'Imani'taking a piece of the blue block

Banking made Possible for Unbanked Africans with Imani Blockchain Payments Platform

May 26, 2019 by Mohammad Musharraf at Adoption, News

African countries still have a considerable portion of the adult population that remain unbanked. Heidi Metz, the CEO and founder of payments startup Imani, is focusing on helping African citizens by providing them a blockchain-based, cheap mobile banking platform where users can store both fiat and digital currencies. This according...

Myanmar’s Central Bank Wary of Volatile Cryptocurrencies; Cautions Investors to Not Trade

May 21, 2019 by Aisshwarya Tiwari at Altcoins, Finance, News, Regulation

According to a report by The Myanmar Times, published May 20, 2019, the Central Bank of Myanmar (CBM) has warned investors against trading in cryptocurrencies due to their volatile nature. The Burmese Apex Bank Issues an Anti-Crypto Warning Aiming to safeguard novice investors from the volatile nature of digital currencies,...

Dutch Bank Explores Bitcoin and the Blockchain, Rejects Crypto-Bans

Dutch Bank ABM AMRO Dumps Plans for Custodial Bitcoin Wallet “Wallie”

May 21, 2019 by Aisshwarya Tiwari at Adoption, Bitcoin, News, wallet

On May 20, 2019, The Next Web reported that major Dutch bank ABM AMRO had shelved its plans to launch a custodial cryptocurrency wallet called “Wallie” stating that digital assets are “just too risky.” ABM AMRO Is No Longer Interested in Cryptocurrencies One of the Netherlands’ premier banks, ABM AMRO...

Digital Coin Moving through the Door of a Bank

Report: Major Banks Are Investing $50 Million to Build Digital Cash Settlement System

May 19, 2019 by Mohammad Musharraf at Adoption, Altcoins, Blockchain, Finance, News

First reported in 2017, the Swiss bank UBS-led project to create a digital cash settlement system is expected to get an investment of $50 million from some of the largest banks around the world. Unnamed sources linked to the project told Reuters May 17, 2019. Research and Development Almost Complete...

European Central Bank Policymaker Backs Stablecoins over Bitcoin

May 16, 2019 by Mohammad Musharraf at Adoption, News, Regulation, Stablecoins

European Central Bank policymaker Francois Villeroy de Galhau believes that stablecoins can play an important role in the financial system as they aren’t as volatile as Bitcoin and other cryptocurrencies, reported Bloomberg, May 15, 2019. What’s Not Understood is Often Feared In the past seven days, Bitcoin’s price has reached...

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