Banks – Crypto Profit Bot

Will they or won’t they? Central banks eye each other’s digital currency moves

October 29, 2020

Crypto Nanobot 0

Canada doesn’t want any “surprises” regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country’s contingency-plan approach to CBDCs, stressing that he sees no urgent need to issue one right now. For Macklem, inter-state competition and coordination remains the key question when it […]

Bitcoin price nears $13.5K as CEO eyes new all-time highs in 3 months

October 27, 2020

Crypto Nanobot 0

Reports of a fresh market entry from a Singapore bank buoys Bitcoin price as Raoul Pal sees hardly any resistance below $20,000 all-time highs. 11913 Total views 45 Total shares Bitcoin (BTC) hit new highs of $13,480 on Oct. 27 as fresh news that a bank was entering the cryptocurrency space fuelled already bullish markets. […]

JPMorgan’s ‘JPM Coin’ Is Live, Execs Say

October 27, 2020

Crypto Nanobot 0

Oct 27, 2020 at 12:11 UTCUpdated Oct 27, 2020 at 13:07 UTC (Roman Tiraspolsky/Shutterstock) Investment banking giant JPMorgan is about to see the first commercial transactions with its own cryptocurrency, JPM Coin. According to a report from CNBC Tuesday, Takis Georgakopoulos, JPMorgan global head of wholesale payments, said a major tech firm will use the […]

JPMorgan’s stablecoin finally sees commercial light of day

October 27, 2020

Crypto Nanobot 0

JPMorgan Chase now recognizes blockchain’s profitability and has created a new business dedicated to digital currency and blockchain work. 5568 Total views 72 Total shares A year-and-a-half after it was first announced, JPM Coin — JPMorgan Chase’s in-house stablecoin — is now live and in use by a major transnational tech firm for round-the-clock cross-border payments. According […]

DBS Bank Is Planning to Launch a Digital Asset Exchange

October 27, 2020

Crypto Nanobot 0

Oct 27, 2020 at 10:48 UTCUpdated Oct 27, 2020 at 14:09 UTC DBS Bank (S3studio/Getty Images) [UPDATED] DBS, the Singapore-based bank and financial services corporation, is building a digital assets trading platform. According to a cached web page, apparently posted in error and then taken down, DBS Digital Exchange will offer access to “an integrated […]

Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos

October 26, 2020

Crypto Nanobot 0

The Governor of the Central Bank of Kenya told reporters the institution is “already feeling left out.” 7462 Total views 42 Total shares The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central bank digital currency space. CBK governor Dr. Patrick Njoroge […]

How US authorities are using old AML tools to crack down on crypto

October 24, 2020

Crypto Nanobot 0

The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there were no federal standards for banks to keep records on activity that fell under the category of “suspicious.” There were also no consistent reporting requirements — it was the BSA that […]

New Zealand has no imminent plans to issue CBDC, says central bank exec

October 20, 2020

Crypto Nanobot 0

Important questions about CBDCs remain unanswered for the Kiwis’ central bank. 5540 Total views 28 Total shares Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive. Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the […]

Japanese payments firm JCB and Mizuho Bank test blockchain-based ID

October 19, 2020

Crypto Nanobot 0

Fujitsu has been working on blockchain-based digital identity tools since 2019. 2299 Total views 32 Total shares Major financial institutions in Japan are moving into blockchain to streamline digital identity systems. Japan’s third-largest bank, Mizuho Bank, and local payment giant JCB are preparing to pilot a digital identity interoperability system based on blockchain technology. The […]

Bitcoin genesis block is the ‘New Testament’ of finance

October 17, 2020

Crypto Nanobot 0

“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of the global population, these words mark the beginning of time and […]

Login to Your Account

Personal Details

Category: Banks