Bitcoin & Banking News

Bank of Korea to Announce Guidelines on Cryptocurrencies by June, Hints At Possible Central Bank Digital Currency

3 weeks ago admin2 Comments Off on Bank of Korea to Announce Guidelines on Cryptocurrencies by June, Hints At Possible Central Bank Digital Currency
Image: South Korea flag by railway fx via Shutterstock.com The Bank of Korea (BoK) has announced that it is planning to reveal its guidelines on cryptocurrencies before the summer is out. A plan on a possible central bank-issued digital currency will also feature, according to a report. In a statement issued yesterday, the bank said: Read More

Bitcoin Price: Saxo Bank Doesn’t Rule Out A ‘Crypto Comeback’

1 month ago admin2 Comments Off on Bitcoin Price: Saxo Bank Doesn’t Rule Out A ‘Crypto Comeback’
Saxo Bank, a fintech specialist focused on multi-asset trading and investment, today published its quarterly outlook for global markets, and questions whether cryptocurrencies are entering a new cycle. In its 35-page Quarterly Outlook Q2 2018 report, Saxo Bank focuses on how we are nearing the end of the largest monetary policy experiment of all time. Read More

IMF Head Says Underlying Technology of Cryptocurrencies Could Aid Finance System

1 month ago admin2 Comments Off on IMF Head Says Underlying Technology of Cryptocurrencies Could Aid Finance System
The price of bitcoin saw a boost in value, which coincided with remarks from the chief of the International Monetary Fund (IMF) after she wrote about the benefits the industry can have on the traditional finance system. In a blog published yesterday, Christine Lagarde, the head of the IMF, wrote that cryptocurrencies enable fast and Read More

Bitcoin Price: Experts Weigh in on Cryptocurrency Price Recovery Amidst Institutional Interest

1 month ago admin2 Comments Off on Bitcoin Price: Experts Weigh in on Cryptocurrency Price Recovery Amidst Institutional Interest
Bitcoin looks like it will end the week with a 15% price increase and all but four of the top 100 cryptocurrencies by market capitalization are still showing green. Investors are demonstrating increased confidence illustrated by trading volumes. Experts have shared their predictions and explanations for the increase, which may well indicate a recovery for Read More

Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies

3 months ago admin2 Comments Off on Credit Card Companies are Disallowing Users From Purchasing Cryptocurrencies
Major credit card issuers and financial service providers Citigroup, Discover, JPMorgan Chase, and Bank of America are disallowing their clients from purchasing cryptocurrencies with credit cards. This week, in an official statement provided to Bloomberg, Bank of America announced that both individual and institutional clients will no longer be able to invest in the cryptocurrency Read More

Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed

4 months ago admin2 Comments Off on Nordea Bank Prohibits Employees From Trading Bitcoin, Previous Holders Allowed
Nordea Bank, based in Stockholm, Sweden, has banned its employees from trading bitcoin and other major cryptocurrencies in the global market. The bank, describing bitcoin as a “high risk” investment, prohibited all of its 31,000 employees located throughout Europe from investing in bitcoin, interfering with the personal investments of its employees. “The risks are seen Read More

Crypto Craze: Towards A Bursting Bubble?

4 months ago admin2 Comments Off on Crypto Craze: Towards A Bursting Bubble?
Cryptocurrencies had an incredible year in 2017: Bitcoin jumped more than 1,300%, Ethereum rallied 8,600%, and the overall cryptocurrency market rose to nearly US$650 billion by the end of the year, an astronomical 3,720% increase compared with January’s “tiny” US$17 billion market capitalization. 2017 was the year that smaller, lesser known altcoins such Ripple, Stellar Read More

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

4 months ago admin2 Comments Off on South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks
South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, revealed that Bithumb, which processes more than $2.6 billion worth of cryptocurrency trades on a daily basis, has been hiring more talents Read More

NYSE and Cboe File For Bitcoin ETFs

5 months ago admin2 Comments Off on NYSE and Cboe File For Bitcoin ETFs
This month, the Chicago Board Options Exchange (Cboe) and The New York Stock Exchange (NYSE), the world’s largest options and stock exchange, filed six bitcoin exchange-traded fund (ETF) applications to the US Securities and Exchange Commission (SEC). In March, the Winklevoss twins failed to convince the US SEC to approve the COIN bitcoin ETF. After Read More