Cryptocurrency Analysis and News Portal
Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies.Business Reporter published the news on Nov. 7 that the Basel Committee — which includes banking regulators from the United States,
Read More
Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7.Silvergate celebrates IPO daySilvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7.In conjunction
Read More
LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified
Read More
Facebook’s announcement in June to launch its own cryptocurrency, Libra, met a lot of obstacles as countries including France and Germany claimed that the use of Facebook’s digital currency in their territories could be a potential risk for their financial sector.In accordance with that assessment, recently a European Union draft
Read More
Blockchain has received fresh endorsement from China in the form of a development pact with the de facto central bank of Hong Kong. In a news post on Nov. 6, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the
Read More
Long-time Polish-UK trans-European project Billon has recently been selected by Raiffeisen Bank International (RBI) to showcase their technology in the bank’s Elevator Lab Partnership Program. The awarded idea, presented during the final qualification round on 17 October 2019 in Vienna, is a distributed ledger technology (DLT) based digital cash platform
Read More
In order to curb the fast depleting foreign reserve in Argentina, the Central Bank of the Argentine Republic has placed a stringent restriction on the amount of Bitcoin(BTC)trade and US dollar its citizens can purchase, and limited the means with which people could make such purchases.Argentina’s economy may have hit
Read More
After recently imposing limits on U.S. dollar purchases, the Central Bank of Argentina (BCA) announced Oct. 31, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. The news was initially reported by CryptoX Brazil on Nov. 1. All in the name of preserving forex
Read More
Swiss-based cryptocurrency bank Sygnum has received the go-ahead to offer banking services in Singapore.Sygnum: license is “important milestone”In a blog post on Oct. 31, Sygnum, which gained a Swiss banking license in August this year, can now proceed with its first product for the Singapore market.Sygnum was the first
Read More
The Inter-American Development Bank (IDB) is set to partner with ChromaWay, the creator of the blockchain system Chromia, to test a blockchain solution for land registries for Latin American countries.ChromaWay will work with the Bolivian IT services company Jalasoft to pilot the technology in Bolivia, Peru and Paraguay, with the
Read More