Finance | Crypto Profit Bot

Bitcoin likely won’t entirely replace current financial system, Coin Center director says

May 28, 2021

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Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location. 7020 Total views 8 Total shares Bitcoin may not mean an end to traditional currency and banking, according to research director of Coin Center Peter Van Valkenburgh “I think there are folks […]

Could DeFi-powered banks become an unstoppable force in finance?

May 19, 2021

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For decades, a lack of innovation has stifled the banking sector. We still live in a world where cross-border payments can take several days, and inefficient algorithms deny loans to consumers who can afford to pay them back — all because they don’t fit inelastic requirements that aren’t reflective of the 21st century. It’s been […]

NYDFS taps former DOJ attorney as deputy virtual currency chief

May 17, 2021

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The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement. An attorney who has been working at New York’s Department of […]

Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

April 16, 2021

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If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan and ING all agree that Bitcoin is […]

India to have a ‘window’ for Bitcoin, says minister amid crypto ban FUD

March 15, 2021

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The Ministry of Finance of India continues to form a careful position on private cryptocurrencies. 9061 Total views 29 Total shares The minister of finance of India, Nirmala Sitharaman, has given a ray of hope for the Indian cryptocurrency community as more fear, uncertainty and doubt circulate regarding a supposedly impending ban on digital assets. […]

Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

February 23, 2021

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New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. 3269 Total views 15 Total shares While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities. In Luxembourg, the country that is second […]

Report: Ant Group to overhaul structure per agreement with China authorities

February 3, 2021

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Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. 2411 Total views 23 Total shares Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status. According to a Feb. 3 report by Bloomberg, Chinese […]

Run, blockchain, run! DeFi adoption needs faster block times

January 30, 2021

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Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency. Blockchain tech can replace slow, paper-based processes, as well as improve security. However, many of the platforms in use today suffer from poor design. Networks become clogged with traffic too easily, resulting […]

SBI Holdings and SMFG to launch digital securities exchange in 2022

January 28, 2021

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The upcoming digital stock exchange is expected to be the first Japanese exchange to trade digital securities using blockchain technology. 8678 Total views 24 Total shares Japanese finance group SBI Holdings is building a digital stock exchange in collaboration with Sumitomo Mitsui Financial Group, or SMFG. According to a Nikkei report Thursday, the new digital securities […]

Older investors are getting into crypto, new survey finds

January 21, 2021

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Wirex and the Stellar Development Foundation emphasized that age is “no barrier to adopting blockchain technology.” 7164 Total views 15 Total shares Older generations have started recognizing the potential of cryptocurrencies and blockchain in global payment systems, a new survey says. On Jan. 21, digital payment platform Wirex released a special report devoted to the […]

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Category: Finance