Activity, Regulations, Retail Banking
August 7, 2023
Via: FinTech FuturesFrom 2 September 2023, Revolut’s US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled a month later. A spokesperson for the bank told FinTech Futures that […]
June 19, 2023
Via: JD SupraTerrorists may be increasingly turning to cryptocurrencies to evade sanctions and finance terrorist acts, as recent prosecutions and reports suggest. Under the Antiterrorism Act (“ATA”), as amended by the Justice Against Sponsors of Terrorism Act (“JASTA”), companies working with cryptocurrencies […]
August 15, 2022
Via: FinTech FuturesThe UNCTAD, which promotes the interests of developing states in world trade, details how crypto is a potential threat to financial stability, the allocation of capital and resources and the security of monetary systems within developing countries. Citizens of emerging […]
August 5, 2022
Via: TechBullionCryptocurrencies have been in news over the last few years. People have considered cryptocurrencies as a profitable investment option. Out of all cryptocurrencies, the most talked about is Bitcoin. The first half of 2022 has been bad for cryptocurrencies. Bitcoin […]
June 22, 2022
Via: JD SupraIsrael’s financial regulatory authorities are regulating virtual currencies (cryptographic currencies) due to their steady increase in use. For example, the Capital Market, Insurance and Savings Authority (CMISA) issued an anti-money laundering order specifically addressing cryptocurrencies, which came into effect in […]
May 11, 2022
Via: Bank DirectorRegardless of their involvement in the financial services industry, anyone paying attention to the news lately will know that cryptocurrencies are making headlines. As the worldwide economy becomes less predictable, regulatory agencies are wondering whether cryptocurrencies could be used to […]
August 4, 2021
Via: TechBullionMobile trading is on the rise. Whether it’s peer payments, mobile wallets or trading stock and cryptocurrencies, smartphone-based fintech is a hot market – in fact, this sector is growing at a rate of roughly 20 percent per year. Leading […]
May 19, 2021
Via: TechBullionBlockchain technologies use a shared ledger of sorts to record transactions over a decentralized network of computational devices. Blockchain technologies enable operations in real time, thus taking away the need for a central clearing authority. This saves time as well […]
Capital and Risk, Liquidity, Trading
April 12, 2021
Via: TechBullionThe first quarter of the year just concluded with green candles for almost all cryptocurrencies. With a price appreciation for all the months of the quarter, no month ended with a net loss for all the major cryptocurrencies. The month […]
April 1, 2021
Via: TechBullionBitcoin dropped sharply and briefly during the European session on Wednesday, leaving many retail investors liquidated. Over the last few days, BTC and Ethereum tried to lift above key levels at $60,000 and $1,800, respectively but struggled to sustain the […]
January 29, 2021
Via: CNBCRobinhood restricted trading in cryptocurrencies on Friday, as the price of bitcoin and a meme-inspired token rose sharply. Users began reporting that the trading app had halted instant deposits for crypto purchases earlier in the day, meaning they could only […]
October 22, 2020
Via: Banking TechnologyCome early 2021, the move will also see users able to spend cryptocurrency via their PayPal wallet at all 26 million merchants in the payment giant’s network. In the next year, the digital wallet provider also plans to expand this […]
May 23, 2019
Via: Banking TechnologyTempted by professional-looking social media adverts and websites, investors have been signing up to ‘get rich quick’ online trading platforms – only to find they have been scammed. In the last financial year, reports of crypto and forex investment scams […]
April 17, 2019
Via: Bank DirectorInscribed in the first block of the first blockchain ever created are the words: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” referring to the London newspaper’s lead story of the day. This edition of the newspaper […]
December 4, 2018
Via: Market WatchCryptocurrency prices are trading mostly higher on Tuesday, looking to claw back some of the ground lost on Monday. After falling as much as 8% on Monday, bitcoin, BTCUSD, +2.61% the best-known cryptocurrency, was last changing hands at $3,954.90, up […]
November 7, 2018
Via: Market WatchBitcoin prices moved higher Wednesday, trading above $6,500 for the first time since mid-October. A single bitcoin BTCUSD, +1.13% was last changing hands at $6,523.57, up 1.3% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. The move […]
September 5, 2018
Via: CNBCGoldman Sachs is dropping its plan to open a trading desk for cryptocurrencies, Business Insider reported Wednesday, as the firm sees the regulatory environment as ambiguous. Bitcoin fell 5.3 percent Wednesday after the report, according to Coinbase data. The Wall […]
July 12, 2018
Via: CNBCDespite a sluggish cryptocurrency market, stock trading app Robinhood is adding two new digital currencies to its platform. The company will add Litecoin and Bitcoin Cash to its no-fee app, which already lets users trade bitcoin and ethereum. “Since we […]
May 18, 2018
Via: Bank DirectorFor most banks under the $20 billion asset threshold, blockchain technology—the distributed ledger—will be a tool like every other technology tool. Banks under that size will be provided that tool by established providers or very large institutions and the tool […]
May 10, 2018
Via: CNBCCryptocurrencies are standing in the way of authorities catching “bad guys” who are using payment systems for nefarious purposes, a Bank of America official said Thursday. Addressing a key criticism of bitcoin and its growing list of competitors, Cathy Bessant, […]