Blockchain Solution Spending to Hit $16 Billion by 2023: IDC Report
Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023, IDC’s latest report reveals Go to Source Powered by WPeMatico
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Expert: India Will Lose An Almost $13 Billion Market By Banning Crypto
India’s ban on crypto may be very costly, with the CEO of one research firm estimating that the country will lose out on almost $13 billion Go to Source Powered by WPeMatico
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing … Read more
Korea Exchange Affiliate Koscom to Launch DLT Platform for Unlisted Shares
South Korea’s state-backed Koscom to develop a blockchain-based trading platform for unlisted securities Go to Source Powered by WPeMatico
FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto
The U.S. Federal Reserve’s new real-time payments service likely isn’t going to substitute crypto, although it does play the same ambitious card Go to Source Powered by WPeMatico
Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender
Cryptocurrency commercial bank Galaxy Digital provided funding to digital asset lender DrawBridge Lending Go to Source Powered by WPeMatico
Commerzbank Tests Blockchain Machine to Machine Payments with Daimler
Mercedes-Benz parent company Daimler and Commerzbank just tested blockchain-based machine to machine payments Go to Source Powered by WPeMatico
Standard Chartered Makes Letter of Credit Transaction Using Blockchain
Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group Go to Source Powered by WPeMatico
ECB Says It’s Ramping Up Crypto Surveillance to Include Off-Chain Data
The ECB argues that “closing the data gaps associated with crypto-assets” continues to pose a significant challenge for regulators and financial institutions Go to Source Powered by WPeMatico
Israeli BTC Investors Can’t Pay Taxes as Banks Refuse Deposit
Bitcoin investors in Israel are unable to pay their taxes because banks do not accept deposits deriving from crypto trading Go to Source Powered by WPeMatico