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

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

Growing Number of Indian Crypto Exchanges Say Fiat Support Is Back Despite RBI Ban

A growing number of crypto exchanges in India have announced the return of fiat deposit and withdrawal support despite the crypto banking ban imposed by the country’s central bank. Several other exchanges in the country also allow their users to use Indian rupees to buy and cash out cryptocurrencies through their exchange-escrow peer-to-peer (P2P) services. … Read more

A Market In Recovery – Ethereum, Monero and Tezos Lead As Most Cryptos Reverse Downward Trend

It hasn’t been the best month for cryptocurrencies, with the market shedding as much as $50 billion in the first two weeks of September alone. For some like Ethereum, the month has been outright brutal, with the most valuable altcoin registering its lowest price of the year at just over $170. However, the trend is … Read more

Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering

This week Dutch authorities revealed to the public that the Netherlands’ largest financial services provider, ING, had violated numerous money laundering laws because they didn’t scrutinize unusual transactions and certain accounts. Also Read: Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair Netherlands’ Largest Bank Admits: “ING Clients Used Their Bank Accounts for … Read more