NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET
NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET National Commercial Bank AlAhliNCB joins RippleNet to offer its 5.5 M customers faster and more transparent remittances into and out of the Kingdom of Saudi Arabia. For the last ten years the…
KCN Swiss bank begins accepting funds from cryptos
KCN Swiss bank begins accepting funds from cryptos The Swiss bank, Maerki Baumann, has proclaimed that it will start to allow funds operations related to Cryptos like mining and getting payments for rendering services. This choice turns them the second…
KCN: FIRST LOAN ON BLOCKCHAIN
KCN: FIRST LOAN ON BLOCKCHAIN The Agricultural Bank of China (ABC), the world’s fourth-largest bank by assets, has issued its first loan on blockchain, local news outlet Financial News reported July 31. State-owned ABC, which counts itself among China’s “Big…
SBS BANK IS TAKING A MORE PROACTIVE APPROACH
SBS BANK IS TAKING A MORE PROACTIVE APPROACH SBS Bank in New Zealand considers using blockchain technology as a way to provide an improved user experience for their clients. Exploring the uses of blockchain technology is part of the institution’s…
WHY BIG BANKS CHOOSE IBM TO RUN BLOCKCHAIN
WHY BIG BANKS CHOOSE IBM TO RUN BLOCKCHAIN IBM becomes a leading choice for blockchain implementation among international companies. Cryptocurrency transactions tend to be recorded on blockchains, whose software provides a heightened level of security and encryption. The encryption offered…
LITECOIN IN GERMAN BANK
LITECOIN IN GERMAN BANK Like many crypto-related companies, Satoshi Lite says the Litecoin Foundation was having trouble getting a bank account, so they decided to buy a stake in a German bank and are working to make the banking industry…
CRYPTOCURRENCY CONCEPT IS A ‘FALLACY’ SAYS FINNISH CENTRAL BANK ADVISOR
CRYPTOCURRENCY CONCEPT IS A ‘FALLACY’ SAYS FINNISH CENTRAL BANK ADVISOR “The analysis shows that the concept of a digital currency is a fallacy.” Using digital currencies synonymously with the term cryptocurrencies, a paper published by the Bank of Finland and…
BANK OF KOREA SAYS CRYPTO INVESTMENT POSES ‘INSIGNIFICANT’ RISK TO LOCAL FINANCIAL MARKET
BANK OF KOREA SAYS CRYPTO INVESTMENT POSES ‘INSIGNIFICANT’ RISK TO LOCAL FINANCIAL MARKET According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1.79 billion as of Dec….
INDIAN SUPREME COURT CONTINUES TO UPHOLD CENTRAL BANK’S BAN ON CRYPTO DEALINGS
INDIAN SUPREME COURT CONTINUES TO UPHOLD CENTRAL BANK’S BAN ON CRYPTO DEALINGS The Supreme Court of India has ruled not to grant interim relief to those affected by the Reserve Bank of India’s (RBI) ban on banks’ dealings with crypto–related…
BERMUDA TO CREATE NEW CLASS OF BANK FOR SERVING FINTECH AND BLOCKCHAIN COMPANIES
BERMUDA TO CREATE NEW CLASS OF BANK FOR SERVING FINTECH AND BLOCKCHAIN COMPANIES Banks refusal to offer services to crypto exchanges and blockchain companies has made it difficult for some organizations to stay in business, and has prompted others to…