Bitcoin

Credit Suisse Head: Banking Culture Hinders Blockchain Adoption – An Opportunity for Crypto?

Blockchain, the innovative distributed data storage method backing almost all of the more than 2,000 crypto assets existing today, has been often touted as a way to drastically improve the efficiency of traditional banking. However, according to the Head of Digital Market Assets at Credit Suisse, the uptake of the technology has been slower than […]

Blockchain

Most Powerful Woman in Banking Bearish on Blockchain, But Amassing More Patents Than Anyone

2018’s most powerful woman in banking, Cathy Bessant, is admittedly bearish on distributed-ledger technology — despite the fact that the company for which she is the tech and operations chief, Bank of America (BofA), has the most blockchain patents in the financial services industry.  Bank of America may be stockpiling blockchain patents like it’s nobody’s […]

Bitcoin

Report: Philippines-Based Banking Giant Launching Two-Way Crypto ATMs

When you think of nations with a notable Bitcoin ecosystem, many crypto investors would immediately think of the U.S., Malta, Singapore, Japan, and South Korea. Yet, many draw little attention to the Philippines, a nation that is seemingly filled to the brim with cryptocurrency users. A large financial institution based in the Philippines made a notable pro-crypto move […]

Bitcoin

‘EU-Level Action Needed’ for Cryptocurrency, Says European Banking Authority

The European Banking Authority (EBA) is calling for standardized regulations for cryptocurrency operations within the EU. Europe’s banking watchdog believes such a move will eliminate unfair regulatory arbitrage while protecting investors across the bloc. A Common Monitoring Template The EBA conveyed its clamor for a regional framework for cryptocurrency regulations in a report published on Wednesday, […]

Crypto News

‘Almost Lost My Business’: Bitcoin Entrepreneurs Sound Off on Banking Struggles

For the average entrepreneur, verifying that your financial institution hasn’t closed your startup’s bank accounts probably isn’t part of your daily routine. However, if you’re an entrepreneur that runs a bitcoin startup, checking up constantly on one’s banking relationships is just part of the job. That became apparent this week thanks to a Twitter thread […]

Bitcoin

EU Banking Authority Urges Bitcoin Law, What it Means For BTC

The European Banking Authority (EBA) has called for pan-EU rules on bitcoin and other crypto assets. The London-based regulatory agency reached the European Commission, which drafts EU legislation, with its official report on cryptocurrency laws. The report concluded that the assortment of different crypto laws across the European nations could lead to exploitation of investors […]

Crypto News

Bitcoin-Friendly Revolut Receives European Banking License, Aims to be ‘Amazon of Banking’

Advertisement Revolut, a digital banking alternative that features an in-app bitcoin and cryptocurrency exchange, has received a European banking license as it seeks to expand its offerings and position itself as the “Amazon of banking.” Revolut to Offer Bank Accounts in Europe The London-based unicorn, which remains one of the hottest fintech startups in the […]

Crypto News

‘Alt-Right Twitter’ Gab Moves to Bitcoin Payments Due to Banking Blacklist

Advertisement Twitter Facebook LinkedIn Upstart social network Gab has occasionally been dubbed the “alt-right Twitter.” A haven for mainstream social media castaways like Milo Yiannopoulos and even Alex Jones, the years-long spike in extremist right-wing terrorism has led to a backlash within the banking community toward sites which are seen to foster the ideology behind […]