Cryptocurrency Analysis and News Portal
Major Canadian universities have submitted new research to the Bank of Canada centered around the development of a central bank digital currency, or CBDC, underscoring the innovation underway in this space. The research began last year after the BoC engaged four institutions around potential designs for a national cryptocurrency. A total
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A Bank of America cryptocurrency report warns of the risks and potential market disruption from anti-privacy government measures. Cryptocurrencies “challenge the ability of governments to levy taxes and to control capital flows more broadly,” according to a recent report from Bank of America Securities obtained by CryptoX. Uncertainty over how
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Blue Ridge Bank is letting customers buy bitcoin where they retrieve cash.Customers at the Charlottesville, Va.-based bank will soon be able to buy and redeem bitcoin at 19 of its ATMs. To make this happen, the bank has partnered with BluePoint ATM solutions, a national ATM operator, and LibertyX, a
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A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation.Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the
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The Central Bank of Nigeria (CBN) issued a five-page statement Sunday clarifying its position on cryptocurrencies after a regulatory warning to local banking institutions on Friday sent shockwaves through social media. In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria,
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Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations.The CBN letter told local banking institutions that dealing in
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The recent application will first go for public comments for a 30-day period and later will move towards OCC approval. Metal Pay expects a decision from the OCC within the next four months.Metal Pay, the US-based peer-to-peer crypto payments startup, has recently applied for a National Bank Charter in America.
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Peer-to-peer crypto payments platform Metal Pay has filed to become a national bank in the U.S.The startup filed a charter application for “First Blockchain Bank and Trust, N.A.” with the Office of the Comptroller of the Currency (OCC) on Feb. 3, CEO Marshall Hayner told CryptoX. Metal Pay will shortly
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The global interbank settlement organization SWIFT is partnering with the People’s Bank of China (PBOC).SWIFT and PBOC subsidiaries, including the Digital Currency Research Institute (DCRI) and the bank’s clearing center, have registered with the Chinese government to found a company called Finance Gateway Information Services Company. It’s unclear what the new
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One of Universa Blockchain’s partners, the Blockchain and Cryptocurrency Association, has joined forces with the Joys Platform to roll out a new payment system.Universa Blockchain and two other partners, including BRICS IT, are working together in launching a Digital Bank project to process transactions for the BRICS member countries, the Russian
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