J.P. Morgan Chase CEO Jamie Dimon declared Bitcoin dead at the Fortune Global Forum in San Fransisco yesterday.
Michaela Juric, aka Bitcoin Babe, an Australian based Bitcoin trader, has seen one of her bank accounts abruptly shut down after selling around $10000 of Bitcoin, on claims of fraud from the bank.
Let’s take a look with four reasons why banks will fail in building viable internal blockchains.
Bitcoin price and market value have been less than volatile for the majority of 2015, but a Bitcoin bull market run has been started in China recently.
BNP Paribas is set to announce it is adding Bitcoin to one of its currency funds in the coming weeks.
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More big consultancy groups noticed a major shift in technology trends starting in financial and spreading to other sectors as they do not want to be left behind.
Bank Saint-Petersburg has refused to pay a ransom to hackers who managed to steal the account information of over 300 thousand clients.
2015 is turning out to be the Year of The Blockchain, as the business world, particularly the banking industry, has seen the light of this advanced technology.
Yesterday I read that the 26 year old daughter of Argentina’s Defense Minister, María Delfina Rossi, was just appointed head at Banco Nacíon, the country’s largest bank.
The Central Bank of Nigeria has banned the use of Naira denominated ATM cards abroad. Could this mean an explosion for the Bitcoin market in the country?
CT spoke with Jose Rodriguez, the VP of payments at Bitso, a Mexican based that Bitcoin exchange, payment processor and Ripple Gateway, on the country’s cryptocurrency prospects and whether BBVA is the most bitcoin-friendly bank.
Mt. Gox. The collapse. The official story goes that it was hacked many times, starting in 2011.
Major Banks and credit card companies such as American Express have developed “fraud free” and encrypted chip-enabled cards
At the United Overseas Bank (UOB) 80th anniversary dinner, Lee Hsien Loong, Prime Minister of Singapore, commented that Bitcoin and blockchain technology are going to change the banking industry.
The Federal Reserve Bank of San Francisco (FRBSF) has published an article covering the risks of bitcoin and other virtual currencies.
Central Bank of Nigeria prohibits the acceptance of foreign currency cash deposits by Deposit Money Banks.
MarilynJean Media Interactive (MJMI.qb) announced on July 24 plans to enter the lucrative international remittance market using bitcoin.
Three more banks have announced joining the Distributed Ledger Group (DLG) and R3 Blockchain consortium that include Mizuho Bank, UniCredit and Nordea.
Inconsistent policies surrounding fiat in Nigeria has caused panic. It seems the perfect opportunity for Bitcoin startups in Africa.
National Australia Bank and the Commonwealth Bank of Australia will be taking part in a joint project led by global financial innovation firm R3
Can the European Central Bank become a decentralized autonomous organization?
Our society is moving faster and faster towards its cashless future, paradoxically at the same time losing trust in traditional banking. Does it mean that we are ready for Bitcoin? Is it time for it to finally enter the official financial scene?
Why does the UK have such a small BTC/GBP trading volume ratio? Bank’s refusal to deal with Bitcoin companies is at the heart of the problem.
British banks have turned down 6 million people access to banking services over the past two years. Bitcoin would allow all those unbanked access to valuable financial services.
A recent survey by The Zimbabwe Standard showed that a number of banks in the central business district of the country’s capital, Harare, had long queues to withdraw cash with others running out of cash by midday.
Seven member banks of the R3 consortium, an association of the world’s leading banks and financial institutions for Blockchain research, have come to a consensus to settle a US$324 million U.S lawsuit.
Mexican drug cartels generate a lot of profit in the USA, which is one of their main markets. How is this money transferred back to Mexico?
Peer-to-peer Bitcoin exchange Wall of Coins expanded functionality to the United Kingdom and Mexico.
Japanese banks are set for embracing Bitcoin after proposed new laws. Has Bitcoin finally come of age in the land of the rising sun?
Bitcoin and banks can work together, according to PrivatBank’s Alexander Vityaz, who sees card companies and cryptocurrency focusing on the technology aspect of transactions, while banks focus on brokerage.
A Barclays team has demonstrated a derivative trade using Corda, a distributed ledger platform. What challenges does Corda have to overcome before becoming the future of derivative contracts?
The UK Government explores Blockchain as a possible way to increase efficiency. Bitcoin’s distributed ledger may help distribute taxpayers’ money as well as grants and student loans.
Swift, the international settlement network which connects 11,000 global banks has likely been hacked according to a report by BAE Systems.
India is the world’s largest receiver of remittances. Besides making it faster and easier, Bitcoin could help India save up to $7 billion in fees paid to international remittance companies and add this amount to the country's wealth.
Our expert Brandon Kostinuk, Communications Lead at Vanbex Group, analyses the role of the world’s unbanked in Fintech innovations and technological advancement.
Leading global companies, from IBM, Intel and Microsoft to Nasdaq and DNB, are adopting new plans to benefit from the blockchain technology through streamlining their processes.
A new report announced an imminent tipping point for Fintech. The report by one of the world’s largest consulting firms is based on a survey of 16,000 customers in 32 countries and interviews with 140 industry experts.
This is the year that eCommerce will see big development in India. Morgan Stanley Research reports a 50% increase from last year.
More of Iceland’s population holds cryptocurrency than anywhere else in the world. Could that, combined with recent political and financial scandals, propel it to crypto capital of the world?
The Central Banks of Japan and Europe have imposed negative interest rates on deposits. Would these blunt monetary tools of Central Bankers be effective if bitcoin adoption becomes widespread?
The WEF was dedicated to the Fourth Industrial Revolution and FinTech. The World’s financial and banking giants again shared their attitude to Bitcoin and Blockchain technology.
The National Bank of Ukraine has issued a warning to the country’s regional banks, global financial institutions and its executives regarding the financial risks involved in the use of digital currencies like bitcoin.
Australia, one of the world’s biggest and most promising Bitcoin markets, has seen a major drop in Bitcoin demand due to a coordinated attack by the banking system against Bitcoin exchanges
The latest study from Accenture shows that only 6% of board directors and just 3% of CEOs of the world’s biggest banks have any technology experience, reports Business Wire.
US-based bitcoin exchange Laissez Faire (LZF) has legally launched its currency trading platform across 49 states by complying with the financial regulations of each state, to provide its users with an incentivized trading environment.
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