Tag: banking

Swiss-based forex broker and crypto-friendly bank, Dukascopy have announced the launch of its Ether contracts for differences (CFDs) after successfully adding Bitcoin CFDs to its product offerings earlier in the year, according to a Finance Magnates report on October 9, 2018. Dukascopy Bank Joins Crypto Bandwagon Per sources close to the matter, Geneva-based retail forex broker, Dukascopy Bank has added…

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Although the blockchain sector is still an emerging industry, the Bank of America estimated that the addressable market for blockchain will soon reach $7 billion. According to CNBC, while blockchain technology is not standard in a business-to-consumer market, it could help improve existing services in business-to-business markets such as the Software-as-a-Service (SaaS) industry, the real estate sector, the supply chain,…

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International banking providing Aon will now offers insurance for four cryptocurrencies offered by Gemini, the Winklevoss Brothers’ owned cryptocurrency exchange and custodian, as per an official announcement on October 3, 2018. Gemini Increases Credibility The New York-based entity is taking huge strides as a credible player in the rising crypto-finance market, the likes of which is dominated by rival exchange…

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Banco Santander announced the launch of its new international payments service using blockchain-based technology on April 4, 2018. Known as “Santander One Pay FX,” it is the first Ripple-enabled mobile app for conducting payments across borders. It leverages xCurrent, the recently launched Ripple payment solution. Santander’s One Pay FX app The bank’s Head of Innovation Ed Metzger began his session…

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Noble Bank International, the Puerto Rican financial services firm whose clients were some of the biggest names in the cryptocurrency world, is looking for a buyer as it’s no longer profitable. The report from Bloomberg cited an unnamed source October 2, 2018. Seeking a Sale Puerto Rico-based Noble Bank International is reportedly looking for a buyer due to the company’s…

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The Bank for International Settlements (BIS) recently released their report about the effect of regulation on the cryptocurrency market capitalization. This report reveals that in spite of their borderless nature, regulatory activities and the media cycles from which they spawn have a massive impact on cryptocurrency markets, both in the positive and the negative. Grounds for Regulation Since cryptocurrencies have…

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Wirex, a leading crypto and traditional currency payment platform, launched IBAN on EUR accounts for users in Spain and France while increasing account limits – making them some of the highest limits in the industry, according to a mail shared with BTCManager on October 1, 2018. Expanding Borders and Account Limits Following collaboration with their financial partners, Wirex was able…

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The price of bitcoin traded between the $6,800 to $6,400 range throughout the week, suggesting that this year’s bottom may have finally been found and that the $6,000 mark should remain a strong resistance line. Bitcoin closed the week effectively unchanged. Major market-moving news was scarce this week, but bitcoin adoption-positive headlines were made in the past seven days. Coinbase…

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Over 75 international banks joined as participants on a significant blockchain payments trial piloted by the likes of J.P. Morgan, ANZ and the Royal Bank of Canada, reported Financial Times on September 25, 2018. J.P. Morgan Propels Blockchain Adoption Although the development has grown to include some of the world’s largest banks, the J.P. Morgan-led project was initially conceived in…

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The bitcoin blockchain is now being used to send money to almost a million customers through the Japanese transfer bank SBI Remit and BitPesa. BitPesa’s African Push The protocol was generated to become a quicker, more trustworthy way to finance Africa’s often undercapitalized markets. The treasury management services are being dealt with by BitPesa, which is a venture-backed firm that…

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