Banks from around the world are becoming more and more crypto-friendly. This is indeed a true sign of how far cryptocurrencies have come over the last few years. To some extent, the traditional banking world had no choice but to welcome cryptocurrencies. Especially when there are already innovative and credible companies offering licensed crypto solutions. … Continue reading The Best Crypto-Friendly Banks
When I ask people what do they think of Bitcoin? The response often equates to, ‘isn’t that the thing that people use for crime on the internet?’ However, if I were to ask my friends, what do you think about banks? They will often complain of expensive fees or greedy bankers, being paid too much … Continue reading Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis
Earlier today, IBM officially revealed the launch of its ambitious project ”IMB Blockchain World Wire”. Specifically, World Wire is a payment network which utilizes the Stellar blockchain. Moreover, this network aims to facilitate cross-border transactions for regulated institutions. Six banks have already signed letters of intent to issue stablecoins Perhaps most notably, IBM also announced … Continue reading IBM Signs 6 Banks to Issue Stablecoins and Use XLM on Stellar’s Blockchain
A fresh report from the Basel Committee on Banking Supervision, a consortium of international supervisory banking authorities, warns of cryptocurrencies. Specifically, the organization is alerting that the growth of cryptocurrencies could present a number of risks for traditional banks. BCBS warns continued growth of cryptocurrencies could be risky for banks The Basel Committee on Banking … Continue reading Basel Committee Warns Cryptocurrencies Pose Substantial Risk to Banks, Bankers Beginning to Truly Fear Crypto?