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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: banking

State Bank of India Unveils Plans to Integrate Blockchain Technology with Indian Banks

Category: Blockchain, Finance, News

State Bank of India Unveils Plans to Integrate Blockchain Technology with Indian Banks

“Bankchain,” an appropriately named blockchain project, is slated to have its beta launch within the following month by State Bank of India (SBI). The platform will support smart contracts, to begin with, but will eventually also move on to support Know Your Customer (KYC) in the future. What initially started out as a small project involving only SBI, now has…

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How Bitcoin is Providing Banking for Those Who Banks Refuse to Service

Category: Bitcoin, Finance, News

How Bitcoin is Providing Banking for Those Who Banks Refuse to Service

When bitcoin first gained traction, and a slogan for the world’s first decentralized digital currency was discussed, “be your own bank” emerged as the most popular as it represented the anti-banking, libertarian, cypherpunk-influence of the cryptocurrency. Perhaps more importantly, it also perfects describes bitcoin’s key functionality. It allows anyone in the world to manage their own finances online without the…

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JP Morgan Found Guilty Of Money Laundering

Category: Bitcoin, Finance, News

JP Morgan Found Guilty Of Money Laundering

Financial services company JPMorgan is facing allegations after being exposed for money laundering. The difficulties arrive only two months after a hefty $4 billion mortgage fraud fine in September. Turn of Fate for CEO Jamie Dimon CEO of JPMorgan, Jamie Dimon, has also been hard at work the last few months proclaiming bitcoin to be a fraud. Not only as…

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UBS Group Not Looking To Trade Bitcoin Anytime Soon

Category: Bitcoin, Finance, News

UBS Group Not Looking To Trade Bitcoin Anytime Soon

An investor from the world’s largest wealth management business, UBS Group AG, went into detail about the firm’s stance on cryptocurrencies. Citing insufficient government regulation, they went on to say that the firm is not prepared to take on the challenge of maintaining digital currencies in their portfolio. UBS Hesitancy Hedge fund management schemes typically stay clear of high-risk investments…

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Banking Mogul Calls Bitcoin A Ponzi Scheme

Category: Bitcoin, Finance, News

Banking Mogul Calls Bitcoin A Ponzi Scheme

While the value of bitcoin is again at it’s peak, the banking sector has its reason to doubt and malign the reputation of the cryptocurrency. Recent claims made by one of the most important banks in Southeast Asia pour more doubt on the inefficacy of digital currency.  DBS Criticizes Bitcoin On 14 November, The Development Bank of Singapore (DBS) group…

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American Express and Spain’s Largest Bank Join ‘Crypto Craze’ with Ripple

Category: Altcoins, Blockchain, Finance, News

American Express and Spain’s Largest Bank Join ‘Crypto Craze’ with Ripple

American Express and Santander are two of the world’s leading financial services providers, and now they will be at the vanguard of traditional companies experimenting with blockchain technology.   Ripple Gives American Express and Santander Room to Experiment With corporate interest in the blockchain starting to reach a fever pitch around the globe, American Express and Spain’s largest banking group…

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Citigroup CEO Calls State-Sponsored Digital Currency the Future of Commerce

Category: Blockchain, Finance, News

Citigroup CEO Calls State-Sponsored Digital Currency the Future of Commerce

The CEO of Citigroup thinks it’s only a matter of time before nations transition to digital currencies. The comments come as Citigroup explores trading shares via blockchain.   Corbat: Bitcoin to Have Nation-States Scrambling Soon Enough In a bureaucratic sense, governments are often conservative when it comes to enacting systemic societal changes. But when money is at stake, institutions become…

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MasterCard’s Blockchain Adoption to Stimulate B2B Exchanges

Category: Blockchain, Finance, News

MasterCard’s Blockchain Adoption to Stimulate B2B Exchanges

In October 2017, MasterCard began offering access to their blockchain technology as an alternative to conventional methods of transactions. The announcement came following the surge in cryptocurrency popularity this year. Digital currencies, such as Bitcoin, have been using the same technology as their framework since 2009. Mastercard and IBM MasterCard has been reportedly working on implementing blockchain into their existing…

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Worldcore: Bringing Banking to the Blockchain

Category: ICO News

Worldcore: Bringing Banking to the Blockchain

Worldcore is an established online money transfer service, which has recently announced plans to expand its operation to create an online, blockchain-powered peer-to-peer lending platform. To this end, they have announced an ICO, which is currently scheduled to begin on October 14, 2017. Worldcore first made a splash last year, when they were awarded the “Best Fintech Newcomer” title by…

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Charting J-Coin: Japan’s Government Back Leap Into Digital Currency

Category: News

Charting J-Coin: Japan’s Government Back Leap Into Digital Currency

As digital currencies continue to experience soaring interest worldwide, growing numbers of banks and central governments are strategically positioning themselves to capitalize on its advantages. One recent example is in Japan, where Japanese banks announced plans to introduce a digital currency in time for the 2020 Tokyo Olympics. A consortium of banks, led by Mizuho Financial Group and Japan Post…

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