Banking

The Government Blockchain Association (GBA) is pleased to announce that their Banking & Finance Working Group

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Time Stamp: May 18, 2022 8:32 AM - Modified On: May 18, 2022 - Published By:
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The Government Blockchain Association (GBA) is pleased to announce that their Banking & Finance Working Group Leader, Dr. Sindhu Bhaskar, has been elevated to the Board of Directors and Mr. Paul Dowding has been appointed to lead the Banking and Finance Working Group. GBA’s commitment to supporting the banking and financial industry is evident by this move. The Banking and Finance Working Group focuses on connecting, communicating and collaborating with members to develop blockchain solutions for the financial services industry. It will work on standards, education, analysis, and opportunities for

SC Ventures and SBI Holdings sign MOU to accelerate portfolio expansion and build ecosystems

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Time Stamp: May 10, 2022 7:36 AM - Modified On: May 10, 2022 - Published By:
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9 May 2022, Singapore - SC Ventures, Standard Chartered’ s innovation, fintech investment and ventures arm, announced that it had entered into a memorandum of understanding (MOU) with SBI Holdings, Inc to expand their portfolio, both at a business and geographic level, and to explore new ecosystems through this partnership. SBI is a major Japanese financial conglomerate, with verticals in asset management, financial services and biotechnology-related businesses. Its venture capital fund has a diverse investment portfolio covering internet technology, fintech, artificial intelligence and big data, blockchain and crypto assets. SC

El Salvador Talks Crypto with Policy Makers in Washington

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Time Stamp: April 28, 2022 1:03 PM - Modified On: April 28, 2022 - Published By:
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by Gerard Dache | Apr 27, 2022 | Conference, Crypto Asset Compliance, Digital Economy Working Groups, Economic Analysis, Finance Regulations & Banking, Governance, Legal, Reg, Compliance Working Groups, Mining & Cryptocurrency On May 26, 2022, Ambassador Milena Mayorga of El Salvador will address a gathering of 600 innovators, public-sector administrators, legislators, and executives in Washington, DC. She will be sharing the experiences of El Salvador regarding the adoption of Bitcoin as legal tender. Her country leads the world in the national adoption of cryptocurrency. That evening Ambassador Mayorga will be

This Singapore Banking Giant May Offer Crypto Services Soon

Source Node: https://coingape.com/this-singapore-banking-giant-may-offer-crypto-services-soon/
Time Stamp: November 19, 2021 6:08 AM - Modified On: November 19, 2021 - Published By:
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Amid Singapore’s ongoing effort to establish itself as a key player in the global crypto economy by laying out a clear regulatory framework, one of the country’s leading banking institutions, Oversea-Chinese Banking Corp. (OCBC) is considering the incorporation of crypto services by setting up a crypto exchange. The Chief Executive Officer at OCBC, Helen Wong told Bloomberg in an exclusive interview that the bank is researching the subject of starting a crypto exchange. However, she noted that OCBC’s intent to explore the decentralized industry is not driven by its popularity,

Commonwealth Bank CEO Warns About The Biggest Risk of Crypto, Its Not What You Think

Source Node: https://coingape.com/commonwealth-bank-ceo-warns-about-the-biggest-risk-of-crypto-its-not-what-you-think/
Time Stamp: November 19, 2021 3:38 AM - Modified On: November 19, 2021 - Published By:
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Matt Comyn, the CEO of Commonwealth Bank of Australia in a recent interview with Bloomberg revealed what he believes is the biggest risk with crypto today. Comyn said, given the rise of digital assets as the alternative investment sector, the biggest risk of crypto is “missing out.” He explained, even though the crypto market is relatively volatile, banks must work towards incorporating the tech to fulfil consumer demand. Failing to do so will leave banks out of the market completely. Comyn said, “We see risks in participating, but we see

Ethereum-based real-time banking tool Sablier expands to Polygon, Binance Smart Chain

Source Node: https://bitcoinerx.com/bitcoin/ethereum-based-real-time-banking-tool-sablier-expands-to-polygon-binance-smart-chain/
Time Stamp: November 18, 2021 4:44 AM - Modified On: November 18, 2021 - Published By:
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Sablier, an Ethereum protocol for real-time banking, announced the launch of its infrastructure on Polygon and Binance Smart Chain Wednesday, with the goal of improving efficiency and lowering fees. Sablier may now be used for streaming payroll, payments, and subscriptions by a larger user base thanks to the deployments throughout these chains. Gas fees slashed by thousands of percent When compared to Ethereum gas expenses, the Sablier launch on Polygon is expected to save customers 676,750%, while the Sablier deployment on Binance Smart Chain would save users more than 12,000%.

BTBS token, the largest Bitcoin ATMs operator in Spain lists on Bittrex Global

Source Node: https://ambcrypto.com/btbs-token-the-largest-bitcoin-atms-operator-in-spain-lists-on-bittrex-global/
Time Stamp: November 17, 2021 6:15 AM - Modified On: November 17, 2021 - Published By:
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Even if the crypto market has seen significant changes over the years, it still faces several security, safety, and usability challenges in day-to-day operations.   There have been numerous attempts to turn traditional finance into a decentralized form, but this had an insignificant effect due to the countless challenges that arose along the route. But even though there has not been a lot of adoption in this area, BitBase is here to change that by providing their token with a lot of use.  BitBase  Since its inception in 2017, the platform

‘Triad’ members kidnap and torture Hong Kong crypto trader who manages to escape

Source Node: https://bitcoinerx.com/blockchain/triad-members-kidnap-and-torture-hong-kong-crypto-trader-who-manages-to-escape/
Time Stamp: November 15, 2021 7:11 PM - Modified On: November 15, 2021 - Published By:
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A 39-year-old Hong Kong man was kidnapped and held for ransom last week after meeting a Tether buyer in Kowloon Bay.  The man was taken inside an industrial facility, assaulted, and forced to hand over his phone and trading platform passwords.  He was held captive for about a week at Tai Po, northern Hong Kong. His kidnappers demanded HK$30M from his family.  His relatives contacted the cops on Nov. 9, 2021. The police then stormed the house where the victim was being held, but he managed to flee through a

Russian Crypto Businessman Arrested in Netherlands, Moscow Confirms

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Time Stamp: November 7, 2021 2:08 AM - Modified On: November 7, 2021 - Published By:
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A Russian crypto businessman has been arrested by authorities in the Netherlands, according to the Foreign Ministry in Moscow. The long arm of the law caught up with the man — who is directly linked with the founding of two crypto exchange platforms, after he was apprehended earlier this month, although reportedly on the request of U.S. law enforcement. Russian Crypto Businessman Detained in Holland According to a report by Forkleg news which quoted a certain Maria Zakharova of the Ministry of Foreign Affairs of Russia, Denis Dubnikov, co-founder of

U.S. Banks Entering Cryptocurrency Adds Real Legitimacy To The Industry

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Time Stamp: November 2, 2021 9:00 AM - Modified On: November 2, 2021 - Published By:
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The United States government is once again adding more legitimacy and credibility to the rapidly growing cryptocurrency industry. This is through clear regulations that will further incorporate the sector into the country’s financial system and economy. Sponsored Sponsored In an interview with Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said that banks must be allowed to hold crypto on their balance sheets, provide custodial accounts in digital assets and facilitate crypto trading for clients. Thus, demonstrating the rapid rise of digital assets this year. In addition to

What is Dragonbite? (BITE)

Source Node: https://www.asiacryptotoday.com/dragonbite/
Time Stamp: October 20, 2021 9:17 AM - Modified On: October 20, 2021 - Published By:
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DragonBite is an open decentralized asset management platform for customers to store and swap all digital assets in one app. Retail customers have always been big fans of loyalty programs, not only to express their approval of a product or a service but also because of the exciting perks that come with them. The problem is, the rules of these programs are often restrictive, and their rewards are too limited resulting in slim benefits for consumers, which they cannot enjoy. Fortunately, blockchain can change all of this.  Table of Contents Background 

Could ‘perverted’ CBDCs stop you from buying candy

Source Node: https://ambcrypto.com/could-perverted-cbdcs-stop-you-from-buying-candy/
Time Stamp: October 9, 2021 5:30 AM - Modified On: October 9, 2021 - Published By:
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NSA whistleblower and journalist Edward Snowden is known to comment on Bitcoin and crypto-adoption. However, in the latest issue of his newsletter, Continuing Ed, Snowden cited an article discussing whether the U.S could mint a platinum coin worth $1 trillion. In doing so, Snowden also spurred a discussion on centralized money, CBDCs, and their possible use case as surveillance tools. On banking, bitcoin, and the future of money: a response to a governor of the Federal Reserve, Christopher J. Waller.https://t.co/720SYvqzZM — Edward Snowden (@Snowden) October 9, 2021 To be or not to