Deutsche Bank lead strategist predicted that interest rate cut by the Fed will make cryptos more attractive as opposed to fiat. The potential interest rate cut by the United States central bank is apparently one of the reasons for the recent surge of bitcoin (BTC), Deutsche Bank exec Jim Reid said in an interview with […]
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SWIFT will enable blockchain-based platforms to use its global payments innovation platform. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) will allow distributed ledger technology (DLT) firms to use its global payments innovation (GPI) platform, according to a recently published report. In the report, SWIFT revealed that it will soon allow GPI payments on DLT-base […]
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The Utility Settlement Coin (USC) project has the potential to disrupt the banking sector with crypto payments. On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality […]
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Malta-based cryptocurrency bank Founders Bank hired former Deutsche Bank executive Kenan Altunis as its new CEO. Malta-based cryptocurrency bank Founders Bank has appointed former executive of Deutsche Bank as its new CEO, according to a Bloomberg report on May 9. Backed by major global crypto exchange Binance, Founders Bank plans to assist blockchain and crypto-related […]
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Nordea is expanding its blockchain-based we.trade platform to small and medium-sized enterprise clients. Nordic private banking institution Nordea is expanding its offering of the blockchain-based trading platform we.trade to its small and middle-sized business customers (SMEs), according to a press release on May 9. The platform will purportedly help address trust deficits extant in current […]
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Blockchain security and cryptocurrency custody firm BitGo has appointed a Wall Street high-frequency trader as its head of financial services. Blockchain security and cryptocurrency custody firm BitGo has appointed a veteran Wall Street trader as its head of financial services, according to a press release published on May 9. The new hire, Nick Carmi, joins […]
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Money Forward Inc., the operator of one of Japan’s most popular personal budgeting apps, has resolved to halt its plans to launch a crypto asset exchange. Money Forward Inc., the operator of one of Japan’s most popular personal budgeting apps, has resolved to halt its plans to launch a crypto asset exchange. The development was […]
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Japanese crypto startup FXCoin revealed it has completed a third-party allotment of shares with SBI Holdings, as part of its aim to launch a licensed crypto exchange. Japanese crypto startup FXCoin revealed it has completed a third-party allotment of shares with financial services giant SBI Holdings. The development, which contributes to FXCoin’s aim of launching […]
Continue ReadingMost of the top cryptocurrencies and Bitcoin are reporting slight to noteworthy losses on the day as Bitcoin Cash sees gains. Monday, March 18 — most of the top 20 cryptocurrencies are reporting slight to noteworthy losses on the day by press time. Bitcoin is down just over one tenth of a percent on the […]
Continue ReadingGlobal financial messaging network SWIFT is carrying out a DLT-based shareholder e-voting proof-of-concept in the first half of this year. Global financial messaging network, the Society for Worldwide Interbank Financial Telecommunication (SWIFT), is carrying out a blockchain-based shareholder e-voting proof-of-concept (PoC) with major financial institutions. SWIFT announced the news in a press release published on […]
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