Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank headquarters got raided this week as another bank that regularly criticizes Bitcoin is again suspected of money laundering. Deutsche Bank Haunted by Panama Papers As Bloomberg reported November 29, an investigation into two employees at the lender has even resulted in its Frankfurt headquarters being searched, with shares falling almost 5 percent. Deutsche […]

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SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to […]

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South Korea: Trading Volume Soars as Bithumb Reopens to New Customers

Major South Korean cryptocurrency exchange Bithumb has announced it will resume accepting new user accounts after resolving a dispute with its banking partner. Month-Long Impasse Ends As local news media outlet Yonhap reports August 29, Bithumb has come to an agreement with Nonghyup Bank, which in July stopped serving it, reportedly due to the exchange’s […]

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India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September

The Indian Supreme Court has adjourned its hearing of the petition against the Reserve Bank of India (RBI) ban on banks facilitating cryptocurrency transactions. The apex court will deliver its final judgment on the matter on September 11, 2018. Hearing Adjourned till September 11 Indian cryptocurrency traders still have a fair bit of waiting to […]

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‘Digital Currency Is Basically A Fallacy’ Says Finland Central Bank

The Bank of Finland (BoF) has released a 133-page paper arguing the concept of digital currency is an “illusion.” BoF: ‘Fundamental Nature’ Of Digital Currency ‘Elusive’ BoF head of digitalization Aleksi Grym The document, compiled by the Finnish central bank’s head of digitalization Aleksi Grym, claims the world has become “muddled” about the difference between […]

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Weiss Ratings: Cryptocurrency Will Become ‘Fundamentally Safer’ Than Banks

Wilma Woo · May 23, 2018 · 11:00 pm The founder of Weiss Ratings Agency Martin D. Weiss has forecast that an upcoming rule change in US banking will compel investors to move their money away. Spotlight On Volcker Rule Change Timing In a dedicated blog post about the watering down of the Volcker Rule, […]

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Argentina: Bank Ditches SWIFT For Bitcoin In World Payments First

Wilma Woo · May 22, 2018 · 12:00 pm A bank in Argentina could soon become the first in the world to begin using Bitcoin for customers’ international remittances. Service Highlights ‘No Intermediaries’ The initiative, which Banco Masventas (BMV) launched May 22nd, is the result of a partnership with local blockchain financial services startup Bitex. […]

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Goldman Sachs Will Trade Bitcoin, Bitcoin Futures Coming ‘Within Weeks’

Wilma Woo · May 3, 2018 · 11:00 am Wall Street investment bank Goldman Sachs has appeared to confirm it will offer Bitcoin trading. Goldman Exec: Bitcoin ‘Is Not A Fraud’ Speaking to the New York Times May 2, Goldman executive Rana Yared said that after being “inundated” by client requests, the bank had decided […]

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Crypto Reluctance Leads Nowhere Says Lithuanian Central Bank

Melanie Kramer · April 18, 2018 · 6:00 am The central bank of Lithuania has begun talks with commercial banks and virtual currency traders on their attitudes towards cryptocurrencies. Though she acknowledges the risks, Jekaterina Govina, fintech strategy coordinator at the Bank of Lithuania, says: Blind denial, reluctance to understand and to work with the […]

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Coinbase To Congress: We Don’t Need More US Cryptocurrency Regulators

Wilma Woo · March 15, 2018 · 10:00 am Coinbase has told the US that regulators “already have sufficient authority” over cryptocurrency as the exchange and wallet provider passes 20 million users. Coinbase Aims For ‘Effectiveness’ At Congress Speaking at the increasingly notorious Congress hearing on cryptocurrency March 14, during which one senator appeared to […]

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