# banking News
Japan's Mitsubishi UFJ Financial Group (MUFG), the fifth largest bank in the world with more than $2 trillion in assets, is collaborating with Akamai Technologies Inc., to launch a distributed ledger technology (DLT) based payments system called Global Open Network, according to a press release on February 13, 2019. MUFG...
Finablr, a United Arab Emirates (UAE) based fintech, and foreign exchange platform has announced that its network brands, UAE Exchange and Unimoni, have joined the blockchain technology bandwagon via Ripple’s RippleNet DLT network for cross-border payments, according to a press release on February 10, 2019. RippleNet Adoption for Cross-Border Payments In...
The Union Bank of Philippines, one of the country’s largest banks, is unveiling two cryptocurrency ATMs. The initiative from Union Bank has the blessings of the country’s central bank, Bangko Sentral ng Pilipinas (BSP). The move is likely to promote Bitcoin adoption in a country that has already adopted a proactive approach...
February 4, 2019 by Tokoni Uti at
News
Canadian Exchange QuadrigaCX is seeking legal protection after they revealed that $250 million of customers’ funds are in a cold wallet only accessible by their late CEO, a February 1, 2019 report says. No Way Out Cryptocurrencies exchanges often go to great lengths to protect the funds in the custody,...
On January 29, 2019, Izz ad-Din al-Qassam, the armed wing of the Hamas group announced that they are now accepting donations in bitcoin. This move comes after the organization’s financial isolation due to banking bans. The U.S. and Europe already designate Hamas as a terrorist group. Cash-Strapped Due to Banking...
