Silvergate Bank’s Silvergate Capital Corporation is examining the possibility of offering cryptocurrency loans.
Banking News
Banking is any kind of business activity conducted by a bank, such as accepting deposits and creating credits, and other financial services. Banking is an old industry which has been around since ancient times. Banks in their current form (or at least similar to it) first appeared in Italy, during the period of Renaissance. Since then, banking has undergone many centuries of evolution, developing new kinds of services and financial techniques. Thanks to the advances in computer hardware and software over the past decades, a lot of banking is now done online.
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A blockchain and a fintech startup partnered with South Korea’s oldest bank, Shinhan Bank, to develop a blockchain-based security solution.
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Digital asset lender DrawBridge Lending announced that it received funding from cryptocurrency commercial bank Galaxy Digital.
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Commerzbank tested blockchain-based machine to machine payments with trucks produced by the firm behind the Mercedes-Benz auto brand, Daimler.
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A blockchain letter of credit transaction in the oil industry has been sent by Standard Chartered with Thai state-owned oil giant PTT Group.
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Israeli Bitcoin investors are unable to pay their taxes as banks aren’t accepting deposits obtained from cryptocurrencies.
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China’s central bank, the People’s Bank of China, has announced in a recent video conference that it is prioritizing the development of a national digital curre...
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South Korea’s oldest bank, Shinhan Bank, is developing a distributed ledger technology-enabled stock lending platform.
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The Bank of China released on its website an infographic illustrating what is Bitcoin, how it works, and why it is valuable.
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The Palestinian government plans to use cryptocurrency as an alternative to the Israeli shekel fiat currency, according to the country’s prime minister.
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South Korea’s leading credit card firm Shinhan Card has been granted a patent for a blockchain payments system.
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South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office.
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The People’s Bank of China blockchain trade finance solution processed $4.36 billion in foreign exchange transactions since its inception.
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Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency El Petro at all its branches.
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Nobel laureate in economics Joseph Eugene Stiglitz claimed that “every currency is based on trust, but only a fool would trust Facebook’s Libra.”
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