Trader and YouTuber Tone Vays said the U.S. Fed’s new digital dollar is nothing different than the current system. Markets trader and YouTuber, Tone Vays, says the United States’ digital dollar proposal is no different than the current system, except for its ties to the country’s federal reserve. “There is nothing technologically new here, whatsoever,” […]
Continue ReadingAn evolving list of finance policies and practices suspended due to Coronavirus and their meaning for cryptocurrencies. By this point, everyone knows that Coronavirus, also known as COVID-19, has wreaked havoc on the world economy. The ongoing pandemic On March 13, crypto markets saw an unprecedented collapse alongside the worst day in the traditional markets […]
Continue ReadingPer a new report, financial institutions have mostly deployed blockchain to improve payments, securities settlement, fraud detection security and trade finance. In its recent blockchain in banking report, Business Insider Intelligence indicated that financial institutions have mostly deployed the tech to improve payments, securities settlement, fraud detection security and trade finance. Published on March 19, […]
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Early reports say European bank BNP Paribas has blocked transfers to Coinbase, citing “fraud, malware and scams.” Initial findings show French international banking group BNP Paribas is blocking customers from sending funds to major crypto exchange platform Coinbase. The block seems to have been initiated this week, although transfers functioned normally during the week of […]
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Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of […]
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A lot of cryptocurrency holders prefer to use crypto for daily transactions. Have they been disappointed by businesses? There are many reasons why people own cryptocurrencies. One is to store cryptocurrencies as value due to the limited supply of coins like Bitcoin. Some people store cryptocurrency for speculation — meaning they aim to make a […]
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Prices moved up and back down, yet the talent kept coming to work: Let’s take a look at a list of individuals who abandoned legacy industries and ventured into blockchain in 2019. Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and […]
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The Marco Polo Network, a trade finance network co-developed by major blockchain firm R3, has completed its largest finance trial to date. The Marco Polo Network, a trade finance network co-developed by major enterprise blockchain firm R3, has completed its largest finance trial. Built on R3’s open-source blockchain platform Corda, Marco Polo has hosted the […]
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Cryptocurrency payment startup C Labs recruits former managing vice president at Capital One to oversee the company’s compliance strategy. Cryptocurrency payment startup C Labs has hired former United States government official Jai Ramaswamy to oversee the company’s compliance strategy. On Nov. 26, Coindesk reported that Ramaswamy had joined C Labs, the company responsible for Celo, […]
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U.S. financial services giant BNY Mellon has joined R3’s blockchain trade finance network, the Marco Polo Network. The Bank of New York Mellon (BNY Mellon) has joined blockchain software firm R3’s trade finance network, the Marco Polo Network. The American banking and financial services firm — which has over $1.9 trillion in assets under management […]
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