Big banks think new furniture is innovation, but they are wrong
True innovations are a serious problem for traditional financial institutions, but fintech and crypto startups have the solution. Go to Source Powered by WPeMatico
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XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher
During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the … Read more
Japanese financial giant SBI debuts Bitcoin lending service
SBI plans to add support for Ether and XRP lending in the near future. Go to Source Powered by WPeMatico
Russia’s Gazprombank debuts Bitcoin trading in Switzerland
The Switzerland-based branch of a major Russian bank has also joined OpenVASP. Go to Source Powered by WPeMatico
Chinese banking giant withdraws $3B blockchain bond from listing
The $3 billion blockchain bond has been effectively cancelled. Go to Source Powered by WPeMatico
Multiparty computation: The Trojan Horse of crypto regulation
MPC is a regulated, fee-centric model that is almost an exact replica of today’s banking system. Go to Source Powered by WPeMatico
US regulator wants to stop banks from blacklisting legal businesses, crypto included
New rule-making aims to stop “creeping politicization of the banking industry,” says OCC head. Go to Source Powered by WPeMatico
Japan’s megabanks to lead experiment with digital yen
Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents’ persistent use of cash? Go to Source Powered by WPeMatico
US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate … Read more
Belarus’ largest bank reportedly launches crypto exchange service
Another bank is reportedly moving into crypto amid a major bull run in crypto markets. Go to Source Powered by WPeMatico