UBS Executive Paul Donovan Blasts Bitcoin Again, States Cryptos Are ‘Fatally Flawed’
UBS continues its hardline stance on Bitcoin, a senior executive publicly condemning it using the same argument as in 2017 Go to Source Powered by WPeMatico
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Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users
Oil industry blockchain platform VAKT counts BP, Shell among first users – says it plans major expansion from January Go to Source Powered by WPeMatico
Galaxy Digital Lost $136 Million in the First Three Quarters of 2018
Crypto investment bank Galaxy Digital has lost $136 million in the first three quarters of 2018, following the release of its Q3 report Go to Source Powered by WPeMatico
CLSNet Blockchain Payment Netting Service Launch Features Goldman Sachs, Morgan Stanley
Among the eight initial users of CLS’ blockchain payment netting service — which launched today — are Bank of China (Hong Kong), Goldman Sachs, and Morgan Stanley Go to Source Powered by WPeMatico
Bahrain Finance Training Institute Launches ‘Blockchain Academy’
The Bahrain Institute of Banking and Finance is launching a professional blockchain certification course for the technology’s development, implementation, and strategy Go to Source Powered by WPeMatico
French Regulators, Central Bank Distance Themselves From Tobacconists’ BTC Retail Plans
France’s regulators and central bank have reiterated warnings against the risks associated with crypto after news of a major retail-led Bitcoin sale initiative in the country Go to Source Powered by WPeMatico
Abu Dhabi Bank Reports ‘First’ Blockchain-based Transaction of ‘Sharia-Compliant Bonds’
Al Hilal Bank, based in Abu Dhabi, has used blockchain tech for the “world’s first” sukuk (sharia compliant bonds) transaction based on DLT Go to Source Powered by WPeMatico
Malaysia’s Finance Minister Says Crypto Issuance Must Defer to Central Bank
Malaysian Finance Minister Lim Guan Eng has stated that any entity wishing to issue cryptocurrency must defer to the country’s central bank, Bank Negara Malaysia (BNM) Go to Source Powered by WPeMatico
Galaxy Digital’s Mike Novogratz: Cryptocurrency Markets Will ‘Flip Next Year’
The founder of crypto bank Galaxy Digital described the pains of building a business in a bear market and his optimism about next year Go to Source Powered by WPeMatico
German Federal Economic Ministry Wants to Combat Tax Fraud with Blockchain
German Federal Ministry for Economic Affairs and Energy is considering blockchain for combating tax evasion schemes like CumEx Go to Source Powered by WPeMatico