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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: banking

ABN AMRO’s Blockchain Solution Aims to Eliminate Escrow Services

Category: Blockchain, Business, Finance, News

ABN AMRO’s Blockchain Solution Aims to Eliminate Escrow Services

In a bid to make life easier for non-bank organizations, highly reputable Dutch bank ABN AMRO has created a new service, based on blockchain technology. This innovative and revolutionary service will enable non-bank organizations to manage clients’ funds without using escrow accounts. No More Escrow One of Netherland’s ‘big four’ banks ABN-AMRO announced on February 15 that its new service…

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Datarius Cryptobank to Launch Cryptocurrency Banking Services

Category: ICO News

Datarius Cryptobank to Launch Cryptocurrency Banking Services

Datarius Cryptobank is the first social P2P cryptobank with transparent conditions. It is being developed by the fintech company, iCrypto S.A., with the aim to demonstrate that fintech can be completely different by deciding to not impose any services on the user. In the cryptobanking industry, Datarius will become the first financial institution capable of offering its customers a full…

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London Needs to Embrace Blockchain Post-Brexit to Stay Relevant Says Leading MEP

Category: Blockchain, Finance, News, Regulation

London Needs to Embrace Blockchain Post-Brexit to Stay Relevant Says Leading MEP

The UK’s imminent exit from the European Union (EU) has left some politicians with some uncertainty about London’s future as the leading financial center. Kay Swinburne, a Member of the European Parliament (MEP) for Wales, made her views known as she spoke to the Business Insider on February 13. She believes that UK needs to grasps the blockchain technology after…

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A Digital Vault for Bitcoin Emerges in Ontario, Canada

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

A Digital Vault for Bitcoin Emerges in Ontario, Canada

VersaBank, an original fully-digitized Canadian bank, is offering a new-era deposit facility for consumers’ digital assets. Billing itself as “Canada’s fintech engine,” VersaBank terms the offering a “blockchain-based digital safety deposit box” for bitcoin and other virtual currencies. Blockchain Is Secure, but VersaBank Is Airtight A former lead at BlackBerry cybersecurity, Gurpreet Sahota, has been appointed as Chief Architect on…

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Goldman Sachs’ Cryptocurrency Trading Desk Contradicts Anti-Crypto Stance

Category: Bitcoin, Business, Finance, News

Goldman Sachs’ Cryptocurrency Trading Desk Contradicts Anti-Crypto Stance

Steve Strongin has added his voice to the anti-cryptocurrency chorus coming out of the finance industry. The head of global investment research for the financial giant Goldman Sachs asserted on February 5, 2018, that most, if not all, cryptocurrencies are destined to fall to zero in value. Stating that cryptocurrencies had no “intrinsic value” and did not exist in a…

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Positive Signs from Barclays on Bitcoin Credit Card Use

Category: Altcoins, Bitcoin, Business, Finance, News

Positive Signs from Barclays on Bitcoin Credit Card Use

While bitcoin becomes more controversial by the day, Barclays has given it a positive signal for future purchases using their credit cards. Banks have been split on the correct way to handle customers purchasing the cryptocurrency on credit, and the recent drop in price hasn’t helped the case either. No Ban for Barclays Credit Card Users Investments have traditionally never…

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Banco Santander Plans to Roll out Personal Payments via the Ripple Network

Category: Altcoins, Business, Finance, News, Tech

Banco Santander Plans to Roll out Personal Payments via the Ripple Network

Banco Santander announced that it would be launching a mobile application powered by Ripple (XRP) Technology. Banco Santander is introducing international mobile payments for personal customers using Ripple’s distributed ledger technology. The company embarked on this relationship with the Ripple Team a few months ago, and now it seems they are ready to introduce their latest development – an innovative…

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Three Major Financial Institutions Ban the Purchase of Crypto using Credit Cards

Category: Altcoins, Bitcoin, Finance, News

Three Major Financial Institutions Ban the Purchase of Crypto using Credit Cards

J.P. Morgan Chase, Citigroup, and Bank of America customers were informed February 3, 3018 that they will no longer be able to purchase cryptocurrencies using their credit cards. This is a major development in the cryptocurrency space as many individuals were taking out debt on high percentage credit cards to purchase cryptocurrencies. A Reversal of Policy This comes as a…

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CEO Reveals Bank of America Has Many Blockchain Patents

Category: Bitcoin, Blockchain, Commentary, News

CEO Reveals Bank of America Has Many Blockchain Patents

The vast majority of Wall Street-affiliated institutions have been larger promoters of the technology behind cryptocurrency: “Blockchain without bitcoin” is now the new mantra. Bank of America Remains Skeptical However, November 2017 changed a few minds as temptation rose dramatically on the back of Bitcoin’s massive growth. Other cryptocurrencies including Ripple, Litecoin, and Ethereum, were also incurring quick gains and…

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Nordea Bank Forbids its Employees from Owning Bitcoin

Category: Bitcoin, Commentary, Finance, News, Regulation

Nordea Bank Forbids its Employees from Owning Bitcoin

Nordea Bank, one of the most reputed financial institute in Northern Europe, has banned all its 31,000 employees from owning bitcoin and other cryptocurrencies. The giant Northern European Bank did not stop there and is also restricting its employees from learning about the crypto space. The new policy was enacted due to the “unregulated nature” of the crypto market. Bitcoin…

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