In an interview discussing emerging digital payment technology a lead executive at Bank of America praised Ripple as a partner. She noted Ripple’s passage of the bank’s compliance processes,…
Tag: Bank
Egyptian Central Bank Limits Cash Withdrawals, Bitcoin Fixes This
As panic and uncertainty mount due to the coronavirus, Egypt has become the latest country to limit bank withdrawals. Individuals can now only take out a maximum of $635…
The Need to Report Carbon Emissions Amid the Coronavirus Pandemic
JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank…
Overview of Software Wallets, the Easy Way to Store Crypto
Similar to a bank account for fiat currency, a crypto wallet is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. Whether a cryptocurrency…
Why India Has the Potential to Lead the P2P Finance Revolution
India’s cryptocurrency ecosystem has been in limbo since the country’s central bank barred banks from dealing with cryptocurrency exchanges in 2018. As of March 4, the Supreme Court of…
Bank of England Cancels Stress Test for UK Banks, Too Afraid to Fail?
On Friday, the Bank of England (BoE) and the Prudential Regulation Authority (PRA) cancelled the 2020 stress test of eight major British banks and building societies, citing the emergency…
Does Bitcoin Have Intrinsic Value or Is It Based on Thin Air?
In early March, the Bank of England’s governor-designate, Andrew Bailey, said that Bitcoin has no intrinsic value. He controversially stated that any investor that holds Bitcoin should be prepared…
Wells Fargo at it Again, Faces Suit Over 401(k) Plan Violations
US bank Wells Fargo, which previously banned its clients from buying Bitcoin and other digital currencies due to “high volatility and risks,” is being sued by a former employee…
$135B Injection from European Central Bank Dwarfs BTC Market Cap
After similar efforts from the U.S. Federal Reserve on March 10, the European Central Bank, or ECB, announced a $135 billion stimulus — a number that dwarfs Bitcoin’s (BTC)…
Chase Bank to Settle Crypto Lawsuit By May 2020 – Bitcoinist.com
According to reports, Chase Bank has agreed to settle a class-action lawsuit, regarding crypto purchases made on its credit cards. The details of the settlement were not disclosed, but the…