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PR: Optherium Launches a Global Finance Blockchain Infrastructure

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Traditional fiat institutions and cryptocurrency exchanges alike have been troubled by theft, slow transaction speeds and data security. For crypto holders, a lack of asset usability with existing solutions has caused widespread annoyance and kept potential adopters away. Enter Optherium, a global fintech company and member of the Linux Foundation, Hyperledger, and the Crypto Valley … Read more

Bitfinex Strongly Refutes Insolvency Claims

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Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” asserts a … Read more

European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

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European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a … Read more

Nigerian President Demands HSBC Bank Return $100M in Stolen Money

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Decentralised cryptocurrencies like bitcoin are anathema to traditional banking. Bitcoin allows people to trade directly with each other, bypassing banks, the conventional middlemen. Banks make money by charging fees for the services they provide, including keeping one’s money in a bank. It is no surprise, therefore, that they hate cryptocurrency. But banks aren’t guiltless, they … Read more

Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins

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The owner of cryptocurrency mining electric bicycle retailer, 50cycles, recently had his company’s accounts with HSBC and Barclays frozen within hours of transacting on peer-to-peer cryptocurrency trading platform, Locabitcoins. Also Read: P2P Exchange Options Increasing for Crypto Traders in India HSBC and Barclays Freeze Accounts of 50cycles Scott Snaith, the owner of cryptocurrency mining electric bicycle … Read more

HSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable

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Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the boundaries of this innovative technology. The company recently conducted and completed its first trade finance deal using a distributed ledger. It’s a very positive development for the blockchain industry, as global adoption seems imminent. … Read more

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