#banking

US Banks Refuse Financial Services to Legal Marijuana Businesses

January 3, 2016 by Joseph Young at Business, News, Regulation

Established financial institutions and banks in the United States are refusing to offer services to legal marijuana businesses and merchants due to their fear of federal repercussion. According to Norris Monson, CEO of Oregon-based marijuana businesses, banks abruptly closed his bank accounts for cashing checks from vendors with names including...

Bank of America Shuts Out Legendary Poker Player Daniel Negreanu

December 27, 2015 by Joseph Young at Business, Entertainment, Finance, News, Regulation

American multinational banking and financial services corporation Bank of America has closed the bank account of Legendary professional poker player Daniel Negreanu. Negreanu announced on Twitter on December 23, 2015: Apparently Bank of America no longer wants my business. They are closing all my accounts because I put too much...

Nigeria’s Central Bank Restricts Use of Credit Cards Abroad

December 24, 2015 by Joseph Young at Finance, News, Regulation

The Central Bank of Nigeria has temporarily suspended certain operations of commercial banks in the country and has disallowed the use of Nigerian credit cards abroad, due to the limited foreign exchange supply in the financial market. Leading financial institutions and banks including Standard Chartered have already notified its customers...

Nexussquared And Startupbootcamp Launch Virtual Blockchain Accelerator

December 8, 2015 by Diana Ngo at Business, Finance, News, Tech

Zurich-based fintech accelerator Nexussquared has partnered with Startupbootcamp to launch Nexuslab, a virtual blockchain startup accelerator "inspired by the blockchain paradigms of decentralization, trust and efficiency." Nexuslab will be solely focused on early-stage ideas and startups with business models based on or related to blockchain technology. The three-month program aims...

Goldman Sachs Develops Its Own Cryptocurrency; Sees No Future in Bitcoin

December 4, 2015 by Joseph Young at Finance, News

Multinational investment banking firm Goldman Sachs has been involved with bitcoin and its underlying distributed ledger technology since early 2014. The bank led a record-breaking US$50 million funding round for bitcoin exchange and payment processing startup Circle Inc. in April and has formed various blockchain-focused research groups to explore the...

Bank of England Launches Blockchain Challenge for Bitcoin Entrepreneurs and Startups

November 29, 2015 by Joseph Young at Business, News

Since September, Bank of England Chief economist and monetary analysis and statistics executive director Andrew Haldane has emphasized the significance of the distributed ledger technology and its potential to revolutionize the traditional financial sector. This week, the central bank of the U.K. launched a blockchain challenge for bitcoin entrepreneurs, startups...

BBVA Invests US$67 Million In UK Mobile-Only Atom Bank

November 27, 2015 by Diana Ngo at Finance, News

Atom, the UK's first digital bank, has closed a £85 million (US$128 million) funding round led by BBVA, Spain's largest financial institution. BBVA has agreed to invest £45 million (US$67 million) for 29.5% stake in Atom, which is set to launch in early 2016. "We have long admired BBVA’s vision...

NextBank Raises US$2.3 Million; Targets Early 2016 Launch

November 26, 2015 by Joseph Young at Business, Finance, News

NextBank, the world’s first established financial institution looking to provide advanced banking services to bitcoin users by providing a combined platform for both fiat and cryptocurrency users, has recently raised US$2.35 million from undisclosed venture capital firms. With the new financing, NextBank aims to improve and optimize its advanced banking...

USAA Launches Pilot Bitcoin App; Allows Users to View Bitcoin Balance

November 7, 2015 by Joseph Young at Finance, News, Tech

USAA, a San Antonio-based multi-billion dollar banking corporation, has integrated Coinbase’s API, to allow its users and clients to track their Coinbase wallet balances in one unified user-interface while checking their bank accounts and credit cards online. Founded in 1922 by a group of U.S. Army officers, USAA provides insurance,...

Bitcoin Startups Raise US$1 Billion So Far in 2015

November 6, 2015 by Joseph Young at Business, Finance, News

Multi-billion dollar banks, major stock exchanges, tech giants and insurance companies have invested millions of dollars in bitcoin startups since the beginning of 2015. The surging interest of banks in blockchain technology has led to the development of various blockchain labs, innovation centers and fintech accelerators, helping bitcoin startups to...

Blockchain Incubator Outlier Ventures Announces Peer-to-Peer Lending Platform

November 2, 2015 by Diana Ngo at Business, Finance, News, Tech

European incubator Outlier Ventures Ltd. has released a proof-of-concept for MoneyCircles.com, a new peer-to-peer lending app that aims to provide users with a more ethical and social way of lending and borrowing. With the new platform, the company seeks to tap into the US$1 trillion credit union market. Founded by...

AlphaPoint Launches Custom Blockchain Solution for Financial Institutions

October 28, 2015 by Diana Ngo at Business, Finance, News, Tech

White label technology provider for digital asset exchange AlphaPoint has announced the launch of StreamCore, a multi-asset blockchain solution dedicated to financial institutions. Headquartered in New York City, AlphaPoint is a software company that provides both a full stack white label digital currency exchange platform, as well as various back...

Blythe Masters Sets Sights on US$25 Million for Digital Asset Holdings

October 20, 2015 by Joseph Young at Business, Finance, News

Blythe Masters, “the most powerful woman on Wall Street” is currently in talks with the biggest banks in the U.S. to raise US$25 million in the first round of funding for Digital Asset Holdings, a blockchain-based asset settlement technologies provider. Digital Asset Holdings, the winner of DEMOvation Challenge of Bank...

Canada’s Scotiabank to Launch Digital Hub for Fintech and Blockchain Startups

October 18, 2015 by Joseph Young at Business, Finance, News

The Bank of Nova Scotia (Scotiabank), the third largest bank in Canada by deposits and market capitalization, has announced its launch of a digital hub in downtown Toronto to lure in technological talent and innovation for the bank. The Scotiabank’s digital hub will focus on searching for innovative fintech startups...

Safe Cash Raises US$1.12 Million to Create Cash-based Digital Tokens

October 16, 2015 by Joseph Young at Business, Finance, News, Tech

Safe Cash, a state-of-the-art digital payment technology provider, has raised US$1.12 million from leading fintech and business investors, including Bialla Ventures and InfoSpace founder Naveen Jain, to continue the development of its trading platform which is set to be launched later this year. The Safe Cash platform is designed to...

Pages: First Page123456789101112131415161718192021222324Last Page