sponsored Banks have been intentionally – and unwittingly – doing business with drug kingpins and rogue nations. A blockchain network says it can help them avoid eye-watering fines. Scathing reports by regulators have accused traditional banks of inadvertently helping “drug kingpins and rogue nations” – enabling them to commit money laundering, make questionable transfers […]
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On what grounds were the creators of India’s first Bitcoin “ATM” arrested this October? Earlier in October, the developers of India’s first Bitcoin (BTC) “ATM” were arrested in the city of Bangalore under criminal charges, in a case that has shaken the local startup community and cast a spotlight on the lack of clarity surrounding […]
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Japan’s Shinsei Bank has signed a MOU with blockchain startup ConsenSys to widen its exploration of the technology’s applications. Japan’s Shinsei Bank has signed a Memorandum of Understanding (MoU) with blockchain startup ConsenSys to widen its exploration of the technology’s applications for finance, Cointelegraph Japan reports Nov. 8. According to an English-language press release published […]
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South Korea’s lawyers are lobbying the country’s government to step up its action and expedite a legal framework for cryptocurrencies. South Korea’s lawyers are lobbying the country’s government to step up its action and expedite a legal framework for cryptocurrencies, Reuters UK reports Nov. 8. The Korean Bar Association, membership of which is required of […]
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Did E&Y beat Ethereum to the post with their zero-knowledge proof prototype for private transactions on public blockchains? Multinational auditing and consulting firm, Ernst & Young (EY), announced on October 30 the launch of their EY Ops Chain Public Edition (PE) prototype, the world’s first implementation of zero-knowledge proof (ZKP) technology on the public Ethereum […]
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Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a blockchain-based syndicated loan of $150 million with BNP Paribas and MUFG. Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), has carried out a blockchain-based syndicated loan of $150 million, U.K.-based global financial news agency Finextra reports Wednesday, Nov. 7. The syndicated bank transaction has been […]
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A dedicated focus group says that Israel’s central bank should “continue examining the field” prior to making a firm commitment in releasing a digital currency. An Israeli study group exploring digital currency options has recommended that the country’s central bank not issue its own token, a press release confirmed Nov. 6. The interdepartmental team, set […]
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Tether’s new Bahamas-based banking partner is possibly involved in $25 million money laundering case being investigated by federal prosecutors in Sao Paulo. Brazilian law enforcement has solicited the help of Bahamian authorities to investigate suspicious transactions to Deltec Bank & Trust – the recently-announced new banking partner of controversial stablecoin Tether (USDT) – major Brazilian […]
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Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]
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sponsored This new coin can be used for online payments or money transfer services like PayPal. A Swiss company, Alprockz AG, has developed the cryptocurrency ROCKZ, and says it is the first coin paired to one of the most stable fiat currencies in the world — the Swiss Franc (CHF). According to the company, it […]
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