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Danske Bank has been ordered to close up in Estonia following another money laundering scandal. It is not the first time a major bank has been involved in money laundering and it will not be the last, which is all good news for crypto. One of the most...
A human error led to the leak of millions of customers’ data at an Indian public sector bank, raising questions on the merit of Bitcoin over banks. State Bank of India, a government-owned corporation, forgot to secure essential server information that held customers’ messages, bank balances, transaction details,...
Online Swiss bank Swissquote announced the launch of its ICO offering, becoming the first bank worldwide to allow customers to buy tokens issued within an initial coin offering (ICO) supported by the Swissquote platform. Swiss Diamond Producer Set to Raise $60.73 Million in First Bank-Mediated ICO Ever As...
The Financial Securities Board (FSB) has released its report covering crypto assets for the G20 and is considering lowering the exposure of banks to cryptocurrencies. This would be to increase transparency and reduce the risk of financial instability, even though the report said crypto assets do not pose...
Charlie Lee, the founder of Litecoin, recently took to Twitter to announce a partnership with TokenPay, that will see the two collaborate with a German bank. TokenPay Buys a Stake in German Bank TokenPay, a Switzerland-based cryptocurrency payment platform, recently announced that it would be securing a deal with...
A Washington-based law firm said today that the cryptocurrency Tether (USDT), which as its name suggests is pegged to the value of the U.S. dollar, holds enough U.S. dollar reserves to back all of its coins in circulation. The news couldn’t come at a better time. Just last...
Six companies have announced their intentions of creating crypto exchange platforms in Japan following regulatory approval. All six companies are listed on the Tokyo Stock Exchange and are set to move into the market which accounts for two-thirds of Bitcoin trading. Crypto Exchanges Target Japan The six companies...
Looking to get involved in ‘the future of money,’ a former Fed governor, who was also a finalist to head the U.S. central bank, thinks the idea of a state bank-issued digital currency deserves serious consideration. FedCoin: Just an Idea, for Now Kevin Warsh was a Federal Reserve...
Mastercard released their 2018 Q1 financial results on May 2 showing record first-quarter net income of $1.5 billion and revenue of $3.6 billion. They attributed some of this success to the December and January boom in cryptocurrency prices as they expect results to drop following the recent bear market....
The Israeli Supreme Court reached a decision today in support of local cryptocurrency exchange Bits of Gold. The temporary court order was issued by the Court to one of Israel’s largest financial institutions, Leumi Bank. Generally speaking, the decision means banks are required to permit cryptocurrency trading, and...
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