CBMI Partners With Sequoia-Backed Startup to Develop DeFi Services
China Merchants Bank International is partnering with Nervos Network to jointly develop new decentralized finance applications Go to Source Powered by WPeMatico
Banks
Auto Added by WPeMatico
Coinbase Reinstates Full GBP Support for UK Clients
Coinbase reinstates GBP support for its U.K. customers Go to Source Powered by WPeMatico
RBI Ban Stops Indian Police From Cashing Out Seized Crypto
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read: India’s Popular ‘Who Wants to Be … Read more
ESET Flags New Latin American Banking Trojan That Targets Crypto
Antivirus software provider ESET has discovered a Latin American banking trojan that can steal crypto Go to Source Powered by WPeMatico
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
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