-Bitcoin news, price, information & analysis
The cryptocurrency industry was born during the fallout of the 2008 economic crisis that caused the Great Recession. Satoshi Nakamoto designed Bitcoin as the first-ever cryptocurrency with the goal of removing the control governments and banks had over individual’s funds. Nakamoto designed the BTC supply to have a...
On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders. In his response, ShapeShift CEO...
Major banks are often spewing anti-crypto rhetoric over its potential to be used for money laundering. So it is a little ironic when one of the world’s largest banks gets fined for not doing enough to prevent or detect it. $10 Million Fine For Morgan Stanley An article...
XRP, the cryptocurrency associated with Ripple and their xRapid settlement system, jumped nearly 14% overnight following a recent 20% jump that can be attributed to a variety of factors. The cryptocurrency is currently sitting at $0.369, up from its 24-hour price of just over $0.32. The continued rise...
Barclays and HSBC have allegedly blocked three accounts of a U.K.-based electric bike retailer for having traded Bitcoin for cash through a popular P2P trading platform hours earlier. The alarming situation comes five months after crypto exchange Coinbase opened a bank account with Barclays. Bank Account Closures Raise...
Financial institutions in India have only two more days to close off relationships with individuals and firms dealing in cryptocurrencies. The Reserve Bank of India (RBI) gave a three-month window for activities to cease back in April which ends on July 5. Crypto Users can Still Trade In...
A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to...
Adoption of the blockchain within the financial services industry is on an intense upward trajectory, according to the findings of management consulting company Greenwich Associates. They have found that the industry is spending about $1.7 billion per year on the technology. Banking Industry Spends $1.7 Billion Each Year...
Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market. While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough for now.’ Banking Industry in Denial While Losing...
BMV bank has revealed a partnership with Bitex to allow customers to make cross-border payments in Bitcoin. They aim to utilise Bitcoin as a low-fee cryptocurrency which can be transferred across borders and easily exchanged for fiat currencies. Bank Moves from SWIFT to Bitcoin BMV said in a...
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