Cryptocurrency Analysis and News Portal
For the first time, there appears a real chance Messi could leave Barcelona. Manchester City needs new impetus for sporting project. Guardiola and Messi could help cement each other’s legacies by reuniting in Manchester. Manchester City is currently 22 points behind Liverpool in the Premier League. The domestic challenge is over and now
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Cryptocurrency exchange Deribit recently published an analysis explaining that cryptocurrency companies are racing to adopt financial services known from legacy finance. The post points out that all crypto companies, exchanges included, will soon offer users interest accounts, cost-effective ways to perform transactions, and tax services. Throughout his post, he explains
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Silvergate Bank is venturing even further into a field where few financial institutions dare to tiptoe.The La Jolla, Calif., lender made a name for itself providing hard-to-come-by U.S.-dollar banking services for businesses that deal in cryptocurrency. But now Silvergate wants to handle digital assets themselves.While the bank has no such
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A lukewarm U.S. economy is making big banks like JPMorgan Chase struggle to produce fast loan growth - even with interest rates close to historic lows. Yet, in the white-hot cryptocurrency industry, lenders are burgeoning.The Commerce Department reported Thursday that U.S. gross domestic product rose at a 2.1 percent annual
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The Hong Kong Institute of Bankers (HKIB) has onboarded six virtual banks as corporate members, according to a Jan. 2 press release.The HKIB is a non-profit institution that provides training and certification to the banking organizations in Hong Kong. The last banks joining the HKIB are Airstar Bank Limited,
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Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.”Mayo explained that while the 1990’s had record bank consolidation (banking businesses merge with each other), systems were never integrated. He then explains that in the “aughts” decade
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Turkey's Istanbul Clearing, Settlement and Custody Bank (Takasbank) announced that its blockchain-based, physical gold-backed transfer system is now live.Turkish Takasbank launched BiGA Digital Gold to provide banks with a blockchain-based system for the issuance, repayment and transfer of digitized gold, according to an announcement on Dec. 30. The BiGA system
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After meeting a list of obstacles in an attempt to pass regulations for its ambitious Libra cryptocurrency project, Facebook has been set back in their goal to launch it in 2020. Switzerland’s president, Ueli’ Maurer, has expressed disappointment in the project as Facebook’s team continues its efforts to seek regulatory
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China is expected to be among the world’s first few central banks to roll out a sovereign digital currency to join the US$25.9 trillion e-payment market currently dominated by Alipay, WeChat PayCollaboration between Hong Kong and Thailand is expected to help companies save costs incurred in cross-border paymentsAsia is a
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On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central
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