Banks

Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index

3 months ago admin2 Comments Off on Bloomberg Partners Novogratz’s Galaxy Digital Capital To Release Crypto Benchmark Index
Bloomberg and Mike Novogratz’s crypto merchant bank Galaxy Digital Management have launched the Bloomberg Galaxy Crypto Index (BGCI) that will track ten cryptocurrencies from the “largest, most liquid portion of the cryptocurrency market,” Bloomberg reports today, May 9. The coins to be listed on the index currently are Bitcoin (BTC), Ethereum (ETH), Ripple, Bitcoin Cash, Read More

Crypto-to-Cash Lending is Growing Quite Popular These Days

4 months ago admin2 Comments Off on Crypto-to-Cash Lending is Growing Quite Popular These Days
Sharing economy Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going Read More

Know Your Transaction Is the KYC of Blockchain

4 months ago admin2 Comments Off on Know Your Transaction Is the KYC of Blockchain
Blockchain You’ve heard of KYC – Know Your Customer – and possibly also KYT – Know Your Transaction – but have likely yet to experience it in action. KYC have lately become the norm for crowdsale registration and exchange verification. Now, KYT is on the rise, and it threatens to blacklist bitcoiners whose cryptocurrency is Read More

Indians abroad are again sending tonnes of money back home

4 months ago admin2 Comments Off on Indians abroad are again sending tonnes of money back home
India’s overseas population is back to sending home huge sums of money—even more than what the World Bank expected. In 2017, India received $69 billion in remittances, higher than any other country. This is also higher than the earlier World Bank estimate of $65 billion and marks a nearly 10% rise over the previous year, Read More

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

4 months ago admin2 Comments Off on Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud
The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According to Arabian Business, the system Read More

India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says

4 months ago admin2 Comments Off on India: Delhi High Court Seeks Response From Central Bank On Recent Crypto Ban, Report Says
The High Court of Delhi has reportedly issued a notice to the Reserve Bank of India (RBI), the Ministry of Finance, and the Goods and Services Tax (GST) Council alleging that RBI’s decision to end dealings with crypto businesses violates the constitution, local news outlet Times of India reports today, April 22. The High Court’s Read More

US Stablecoin Project Basis Raises $133 Mln From Major VC Firms

4 months ago admin2 Comments Off on US Stablecoin Project Basis Raises $133 Mln From Major VC Firms
The US-based Blockchain project Basis (formerly known as Basecoin), which claims to provide a non-volatile cryptocurrency or stablecoin, has recently raised $133 mln in funding from big name investors, according to an official blog post published today, April 18. Basis announced today that they had raised $133 mln in private placement from a slew of Read More

Bank of Japan Turns Back on State-Issued Cryptocurrency

4 months ago admin2 Comments Off on Bank of Japan Turns Back on State-Issued Cryptocurrency
Economy & Regulation The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he Read More

Blockchain Trading Network Promises Low Fees And Instant Trades On Financial Assets

4 months ago admin2 Comments Off on Blockchain Trading Network Promises Low Fees And Instant Trades On Financial Assets
An established and regulated broker is launching a Blockchain-based trading network which allows users to trade any financial asset around the world. ThinkMarkets, the parent company behind the upcoming TradeConnect platform, plans to “democratize” the industry by enabling trades to be settled in seconds rather than days. The intellectual property, development resources and trading infrastructure Read More

South Korea: Bank Servicing Coinone And Bithumb Among 3 In Line For Inspection

4 months ago admin2 Comments Off on South Korea: Bank Servicing Coinone And Bithumb Among 3 In Line For Inspection
South Korean regulator the Financial Services Commission (FSC) said it would inspect three domestic banks servicing cryptocurrency exchanges to check compliance April 9. A statement confirms the banks will undergo inspections April 19 – 25, with regulators looking to ensure they are conforming to new anti-anonymity regulations introduced at the end of January this year. Read More