Bank

No More Bitcoin for Nordea Bank Employees, Experts Question the Motive

Is Nordea Bank’s controversial Bitcoin ban protecting employees from themselves or using crypto as a scapegoat? An act of paternalism or a case of generic Bitcoin (BTC) distrust? It is hard to make out the exact reasons for Nordea Bank’s ban on its 31,500 employees trading in Bitcoin or other cryptocurrencies — even on their […]

1,395
Like
Save
Crypto Tidbits: Deutsche Bank Gives Nod to Bitcoin, EOS to Host Social Media, France Digital Currency

Another week, another round of Crypto Tidbits. Bitcoin saw an effectively flat week, gaining 0.08% over the past seven days according to Coin360.com. Altcoins have posted similar results, or rather, a lack of results, with a majority of cryptocurrencies posting gains or losses of a percent or two. Analysts from Bloomberg and other top industry firms […]

1,048
Like
Save
German Bank Boosts Bitcoin — Negative Interest Rates Hit Every Account

Volksbank Raiffeisenbank Fürstenfeldbruck has become the country’s first bank to charge every client 0.5% of their savings — for the privilege of storing fiat. Bitcoin-cautious Germany has seen its first bank demand that ordinary savers pay it to hold their money — even as little as €1. According to multiple local press outlets including the […]

1,022
Like
Save
Alert: Cryptocurrency Exchanges Bank Accounts to Be Shut in South Africa

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in […]

432
Like
Save
Cashaa Announces U.S. Dollar Bank Accounts for Cryptocurrency Firms

Bitcoin banking platform Cashaa will soon offer U.S. dollar bank accounts for cryptocurrency-focused businesses, except those operating in sanctioned countries.  Cashaa offers banking services like International Bank Account Number (IBAN) accounts, international SWIFT transfers for fiat and credit card processing for cryptocurrency-based businesses, which often struggle to receive these services from traditional banks. It also […]

995
Like
Save
Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report

Royal Bank of Canada previously stopped account holders buying Bitcoin with its cards, but is now reportedly interested in launching a crypto trading platform. A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.  As innovation economy news outlet The Logic […]

1,484
Like
Save
Argentina’s Central Bank Bans Certain Bitcoin Purchases as Economy Flails

If you’ve followed the macroeconomic or Bitcoin news cycle over the past few months, you’ve likely heard and seen the qualms of Argentina. The South American country has been going through a bout of political and economic turmoil, which has culminated in rapidly-increasing inflation and a tumultuous stock market. In short, it is unlikely that […]

698
Like
Save
Chinese Bank Invests in Bitcoin Wallet After President Xi’s Remarks: Report

On Friday, China’s leader, President Xi Jinping, absolutely floored the Bitcoin community. Speaking at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee, Xi called for the adoption of blockchain “as an important breakthrough for independent innovation of core technologies.” State-run outlet Xinhua revealed that Xi lauded the potential benefits of blockchain technologies […]

957
Like
Save
“Use Bitcoin”: Swiss Government Narcs on 3.1M Foreign Bank Accounts

The Swiss government shares info on 3.1 million foreign Swiss bank accounts with 75 partner states. Handelszeitung, a German-language Swiss weekly newspaper, reported Monday that the financial surveillance comprises some 7,500 financial institutions in the country, including banks, trusts and insurance companies. The Swiss Federal Tax Authority (FTA) provided data on 3.1 million foreign bank […]

1,166
Like
Save
German State-Owned Bank Calls Bitcoin ‘Ultra Hard Type of Money’

Last month, German state-owned bank Bayerische Landesbank, also known as BayernLB, published a report that discusses Bitcoin’s stock-to-flow ratio. The authors concluded that Bitcoin is “designed as an ultra-hard type of money.” Stock-to-Flow: Bitcoin Vs Gold Apparently, BayernLB authors relied on the stock-to-flow model previously proposed by Twitter user PlanB. For those unfamiliar, the stock-to-flow […]

388
Like
Save
Arab Bank launches much-awaited cryptocurrency services in Arab world

Arab Bank (Switzerland) has revealed its plans to launch suite of diverse cryptocurrency services in Arab world featuring Bitcoin brokerage and custody. Middle East is warming up to the crypto revolution and this is major news in the current scenario. Canton-of-Zug (Switzerland) based bank announced that it has responded to the growing call from local […]

1,009
Like
Save
Norwegian Air’s Crypto Exchange May Get Bigger Than Bank Norwegian Says ex-CEO

It’s not long ago when Norwegian Air announced its plans of accepting Bitcoin at their airline and launching their own cryptocurrency exchange, NBX. The cryptocurrency exchange is scheduled to be launched by the end of August. While talking to E24, Norwegian Air’s former CEO, Bjørn Kjos, the person who played a major role in this […]

585
Like
Save
Bitcoin Faces Weak Technicals, But Bank of China’s Interest in BTC May Be Bullish

Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin. […]

1,275
Like
Save
US Treasury Sec: We Don’t Want Bitcoin Becoming a “Swiss-Numbered Bank Account”

Now that the U.S. Congress and Senate have finished their hearings with Facebook, U.S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of […]

912
Like
Save
Turkey’s New Economic Roadmap Calls for Central Bank Cryptocurrency

The initiative is part of Turkey’s 11th Development Plan aimed at to reinvigorating the national economy.

887
Like
Save
Iran Central Bank Deputy Chief Tells Citizens Trading Bitcoin Is Illegal

The deputy governor of the Iranian central bank told media outlets that trading bitcoin and other cryptocurrencies within the country is illegal. Iranian residents took to the pioneer cryptocurrency as a means of securing their wealth as the Iranian Rial depreciated over the past three years, as reported by Tasnim News Agency on July 8, 2019. […]

1,266
Like
Save
Bitcoin Trading is Illegal in Iran, Says Central Bank Deputy Governor

Holding, selling, and purchasing of bitcoin are illegal in Iran, an official with the central bank told Tasnim News. Deputy governor for new technologies, Mr. Nasser Hakimi, said on Monday that the Supreme Council on Countering Money Laundering had banned bitcoin trading. He warned Iranian cryptocurrency users of legal risks of investing in non-sovereign assets, […]

132
Like
Save
Facebook Libra Cryptocurrency Has Its Uses, Says Bank of England Governor

Mark Carney thinks that while regulators will have to be satisfied, Facebook users will want a cheaper way of moving money. The head of the United Kingdom’s central bank has said Facebook’s new libra cryptocurrency could have genuine use cases if it can conform to regulatory demands, the Financial Times (FT) reported on June 18. […]

689
Like
Save
Poland’s Bank Alior Adopts Ethereum Smart Contracts Blockchain

Alior Bank, the 10th largest bank in Poland, has launched a document verification system based on the Ethereum network, to enable its customers to seamlessly check on the authentication and integrity of official documents, according to a Forbes report on June 17, 2019. Bank Alior Joins the Blockchain Bandwagon Per sources close to the matter, […]

425
Like
Save
Long Bitcoin, Short Duetsche Bank Has Been The Best Trade in 2019

Buying Bitcoin while shorting the stocks of multinational investment bank Deutsche Bank in 2019 might be the best trade you could have done in 2019.  Long Bitcoin, Short The Bankers “Long Bitcoin, Short The Bankers” has turned into a somewhat popular catchphrase commonly used by Morga Creek Capital’s Anthony ‘Pomp’ Pompliano. Looking at hard data […]

944
Like
Save
Buy Failing Deutsche Bank With Bitcoin, Suggests Fund Manager

Frankfurt-based multinational investment bank Deutsche Bank has seen its stock price decline over the past five years with no signs of revival. Popular cryptocurrency fund manager Anthony Pompliano says that it would be interesting if people put their bitcoin together and bought it out.  Deutsche Bank Stocks in a Free Fall Deutsche Bank (DB) is […]

827
Like
Save
Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups

By CCN: Dominant Indian tech lobby, NASSCOM, is pushing the Reserve Bank of India to be inclusive with cryptocurrencies like bitcoin in its regulatory sandbox to shape the future of the country’s fintech industry. NASSCOM, which represents the $154 billion Indian IT sector and is a powerful voice in the industry, is calling for the […]

1,269
Like
Save
Why We Should Never Hope For A Central Bank Of Bitcoin

Bitcoin economist, Tuur Demeester, explains why the idea of a ‘Central Bank’ of Bitcoin would create more problems than it would solve.   Bitcoin Exchanges Similar To Early US Banking System In the wake of the Binance hack and Bitfinex/Tether debacle, are crypto exchanges becoming ‘too big to bail’? And if so, should we be […]

1,365
Like
Save