Banking

Crypto Startup Wala Is Reaching Real Africans with Ethereum Micropayments

2 weeks ago admin2 0
In several countries throughout Africa, citizens are spending an average of 27 cents to top up their mobile airtime, and they’re using a crypto token to do it. That might sound strange to many in the crypto industry, since the vision of today’s blockchains allowing the movement of millions of microtransactions across the globe has Read More

Sex Workers Are Using Crypto to Save for Retirement

2 weeks ago admin2 Comments Off on Sex Workers Are Using Crypto to Save for Retirement
MelissaSweet1, a camgirl in Arizona, started accepting cryptocurrency as payment for her erotic webcam performances three years ago. But usually, she would promptly convert it into fiat. Until last year that is, when she started squirreling away the digital coins in a hardware wallet. Rather than simply an expedient way to get paid, crypto became Read More

Crypto Assets Could Reduce Demand for Central Bank Money: IMF Director

3 weeks ago admin2 Comments Off on Crypto Assets Could Reduce Demand for Central Bank Money: IMF Director
Advertisement Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. The role of cryptocurrencies in the evolution of money remains a valid debate which has lingered for the best part of the last decade. How the emergence of digital assets will affect the existing monetary system that is upheld by central Read More

Hackers Demand $1 Million in XRP after Breaching Two Canadian Banks

4 weeks ago admin2 Comments Off on Hackers Demand $1 Million in XRP after Breaching Two Canadian Banks
Advertisement Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Hackers who stole the personal information of tens of thousands of customers from two Canadian banks are threatening to publish that data online unless the banks pay them $1 million in XRP. Regional media outlet CBC News reports that the Bank Read More

IHS Markit Has A Plan to Tokenize A $1 Trillion Loan Market

4 weeks ago admin2 Comments Off on IHS Markit Has A Plan to Tokenize A $1 Trillion Loan Market
There’s a lot of talk in the financial world these days about putting cash (the fiat kind) on distributed ledgers, but little action beyond proofs-of-concept. That may soon change as IHS Markit, the market infrastructure giant, is developing a new blockchain-based system to handle the payments leg of syndicated loan trading – and eventually, a Read More

Infosys Partners with 7 Banks for Blockchain Trade Finance Network

1 month ago admin2 Comments Off on Infosys Partners with 7 Banks for Blockchain Trade Finance Network
Indian IT giant Infosys is exploring the potential of blockchain technology to bring new efficiencies in trade finance. Infosys Finacle, a subsidiary of the firm, announced Wednesday the development of a trade network called India Trade Connect (ITC) in partnership with seven Indian private banks, including ICICI, Axis Bank, South Indian Bank and Yes Bank. The blockchain-based network has been Read More

Sberbank Buys Commercial Bonds Issued Over Blockchain Platform

1 month ago admin2 Comments Off on Sberbank Buys Commercial Bonds Issued Over Blockchain Platform
Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain. MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the primary buyer being Sberbank, using a proprietary blockchain platform provided by the National Settlement Depository (NSD) Read More

At Ethereal Summit, A Human Face On A Blockchain Future

1 month ago admin2 Comments Off on At Ethereal Summit, A Human Face On A Blockchain Future
“Raise your hand if you don’t know what ‘bitcoin mining’ actually is.” At an impromptu Q&A at Ethereal Summit on May 11, Consensys software engineer Ashoka Finley encouraged the audience to ask embarrassing questions they might have about cryptocurrency and blockchain. “What’s ‘hashing’? Don’t know what a bitcoin is?” Finley went on, encouraging attendees. The Read More

Court Forces Chile’s Banks to Reopen Crypto Exchange Accounts

2 months ago admin2 Comments Off on Court Forces Chile’s Banks to Reopen Crypto Exchange Accounts
Chilean banks cannot close their doors on cryptocurrency exchanges just yet, a judge has ruled. In late March, Bank Itau and state-owned bank Banco del Estado de Chile informed exchange Buda.com that its account would be closed. Eight other banks in the country also dropped crypto exchanges without explanation around the same time. This prompted Read More

Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

2 months ago admin2 Comments Off on Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance Vs. Read More