GMO’s New Internet Bank Will Settle Payments With Blockchain Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments.… Read More
What Crypto Really Thinks About Litecoin’s Banking Ambitions A much-talked-about deal between a cryptocurrency non-profit and a bank saw cheers and jeers this week, and all sorts of reactions in between.… Read More
Binance Exchange Backs First-Ever Decentralized Bank in Malta Binance is reportedly among a number of investors backing a decentralized, blockchain-based bank to be launched in Malta.… Read More
Litecoin Foundation Acquires 9.9% of Bank in Payments Partnership Litecoin Foundation, the non-profit behind the popular cryptocurrency, says it now owns part of a German bank thanks to a new deal with TokenPay.… Read More
European Banks Complete First Live Blockchain Financial Trades We.trade, the blockchain-based financial trade platform jointly developed by nine European banks, has completed first live cross-border transactions.… Read More
UK’s Financial Watchdog Issues Letter to Banks on Crypto Risks The U.K.’s Financial Conduct Authority has written to bank CEOs over the risks of “facilitating financial crimes which are enabled by cryptoassets.”… Read More
Hackers Demand $1 Million in XRP After Bank Data Theft Hackers who stole personal information on 90,000 Canadian bank users have demanded $1 million in Ripple’s XRP to not release the data trove.… Read More
What are clearing houses and why will they soon be a thing of the past If there’s one shining example of redundant bureaucracy in the financial world it is clearing houses. What are they, why are they and why will they be first in line to become ancient history? Study after study show that consumers don’t trust banks R…… Read More
Korea to Inspect 3 Banks Over Crypto Exchange AML Compliance Three South Korean banks are to be inspected over their compliance with new anti-money laundering rules for cryptocurrency exchange accounts.… Read More
Bank of Montreal Expands Crypto Purchase Ban Canada’s Bank of Montreal will prohibit customers from purchasing cryptocurrencies using Interac debit cards, on top of an existing Mastercard ban.… Read More