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CyberCrim Office with Indian Flag Hanging on the Roof

India’s Cybercrime Detection Center Has Cryptocurrency Threats on its Radar

February 20, 2019 by Tom Nyarunda at Altcoins, Business, Crime, News, Regulation

The National Cyber Forensic Lab has been created under the Union Home ministry’s Cyber Crime Coordination Center. The unit will focus its energy on cryptocurrency-related crimes to help police officers detect cyber fraud. Technology for Cryptocurrency Analysis As per The Hindu publication of February 19, 2019, Rajnath Singh, the country’s...

Mitsubishi UFJ Bank to Launch Blockchain-Powered Payments Platform in 2020

February 14, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Business, Finance, 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...

Two Lightning Arrows Flying across a Bridge

Finablr Foreign Exchange Firm Integrates RippleNet for Cross-Border Payments

February 14, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, Business, News

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...

Philippine’s Union Bank Launch of Crypto ATM Could Fuel Bitcoin Adoption

February 12, 2019 by Tom Nyarunda at Adoption, Bitcoin, Business, Development, Regulation

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...

$250 Million Inaccessible in QuadrigaCX CEO’s Cold Wallet

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,...

The Underbelly of Crypto Universe: Terrorist Group Seeks Donations in Bitcoin

January 31, 2019 by Priyeshu Garg at Bitcoin, News, Regulation

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...

Blockchains Flying Across Indian Horizon

IDRBT to Leverage Blockchain Technology in the Indian Banking Industry

January 24, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Development, Finance, News, Regulation

The Institute for Development and Research in Banking Technology (IDRBT) of Reserve Bank of India (RBI) has unveiled a blueprint for the implementation of blockchain technology in the Indian banking sector, reports Financial Express on January 23, 2019. Blockchain Technology to Change Indian Banking The IDRBT was established by the RBI...

Canadian Bankers Association Wants Blockchain-Powered Digital Identification Systems

January 18, 2019 by Alex Lielacher at Blockchain, Development, Finance, News, Regulation

The Canadian Bankers Association stated that Canada should create a digital identification system that utilizes technologies such as blockchain and biometrics to enable a live video ID verification process. Blockchain-Powered Digital ID for Banking The CBA’s CEO, Neil Parmenter, believes that to unlock the full potential of the digital banking...

Ripple Block Connected to Other Banking Blocks

RippleNet Adds 13 new Clients, Bringing its Total Number of Clients to 200

January 9, 2019 by Tokoni Uti at Adoption, Altcoins, Blockchain, Business, Finance, News

Ripple announced that its payment platform, RippleNet, has acquired 13 new clients, bringing RippleNet’s total number of clients to over 200. The arriving clients include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento. On-Demand Liquidity...

The Blockchain Industry Could Reach $7 Billion, Says Bank of America

Bank of America Files Patent to Develop Blockchain-Based ATMs for Faster Transactions

December 28, 2018 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, Development, Finance, News

The Bank of America (BOA) on December 26, 2018, filed a patent that allows them to develop blockchain based devices to handle cash. These are cash handling devices whose aim is to bring about efficient, faster, and traceable transactions, according to a Finance Magnates report. BOA Doing More with Distributed...

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