Tag: banks

  • Bitcoin

    How Rising Bitcoin Holdings of May Push BTC Price Up Significantly

    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...

    Tony Spilotro | March 11, 2019 | 10:00 am
  • Bitcoin

    Banks are Better than Bitcoin (When It Comes to Money Laundering)

    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...

    Davit Babayan | February 4, 2019 | 9:16 am
  • XRP

    XRP Jumps 14% Following Potential xRapid Launch and New Partnerships

    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...

    Cole Petersen | September 20, 2018 | 5:00 pm
  • ripple xrp

    Ripple: Blockchain is About Growth Not Cost Savings

    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...

    tim copeland | June 14, 2018 | 7:00 am
  • Blockchain

    Report: Banks Are Spending $1.7 Billion Each Year on Blockchain

    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...

    Ricardo Esteves | June 13, 2018 | 2:00 am
  • Blockchain

    Banks Lose International Payments Business to Disruptive Solutions Like Blockchain

    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...

    Ricardo Esteves | May 24, 2018 | 1:00 am
  • Bank

    Argentinian Bank to Use Bitcoin for Cross-Border Transactions

    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...

    tim copeland | May 22, 2018 | 10:00 pm

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