Vanguard Group Tests Blockchain Platform for Trading Currencies
The Vanguard Group is testing a blockchain-powered platform to let asset managers trade currencies while avoiding the big investment banks Go to Source Powered by WPeMatico
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Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council Go to Source Powered by WPeMatico
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits Withdrawals to ₹1,000 Almost 60,000 Job … Read more
Bankers Start to Recognize Bitcoin’s Role in Financial Evolution
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and … Read more
Blockchain Adoption as a Cure for Cross-Border Trading
How governments are exploring blockchain to optimize customs and border protection processes Go to Source Powered by WPeMatico
The Original Sins of Cryptocurrencies
Before we take crypto to the mainstream, we should better understand where the line is drawn between the dream and reality for crypto and the technology that makes it possible Go to Source Powered by WPeMatico
ING Chief Economist: Libra Accelerating Central Banks’ Crypto Plans
ING chief economist Mark Cliffe says central banks could move towards issuing digital currencies within 2-3 years, given Facebook’s Libra project Go to Source Powered by WPeMatico
Medici Bank Launches Private Beta Testing in October: Report
Medici Bank launches private beta testing in partnership with at least two crypto-related firms in October Go to Source Powered by WPeMatico
ABN AMRO in Money-Laundering Scandal After Calling Bitcoin ‘Risky’
Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal, having leveled criticisms at “unregulated cryptocurrencies” earlier this year Go to Source Powered by WPeMatico
Ex-UBS Head Wants His Crypto Bank to Tap $220B Cryptocurrency Market
Peter Wuffli, former head of UBS, and director at Swiss crypto bank Sygnum sees a tremendous opportunity in providing custody services for cryptocurrency holders Go to Source Powered by WPeMatico