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SWIFT Representative Calls Crypto “Useless and Unstable”
The Society for Worldwide Interbank Financial Telecommunications, SWIFT, recently had some harsh words for crypto. Specifically, representatives from SWIFT have reportedly said that crypto is “useless and unstable”. Nonetheless, this comes as crypto is increasingly challenging SWIFT’s dominance on monetary transfers. SWIFT calls crypto “useless” This news was first covered in an FXStreet report on September 10th. This piece refers to some SWIFT representatives, who wish to remain anonymous, who…
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Bakkt Will Launch Futures Platform in the US on September 23
The Bitcoin futures trading platform Bakkt, will launch its awaited platform for trading crypto on September 23 in the United States. This comes as Bakkt confirms that the company has received the required regulatory approval to move forward. Bakkt will launch in the United States on September 23 This news came in an official blog post from Bakkt. Bakkt, which is operated by the New York Stock Exchange-owned Intercontinental Exchange,…
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People’s Bank of China Reveal National Digital Currency “Is Ready”
The People’s Bank of China, China’s central bank, recently made a claim that it has now got a “ready” digital currency. This comes as the People’s Bank of China has been working on a blockchain solution for multiple years. China’s central bank reveals that its digital currency is “ready” Specifically, the Deputy Director of the People’s Bank of China, Mu Changchun, commented on this new digital currency. His comments came…
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Bank of America Files Patent for Ripple Referencing Settlement System
Bank of America, the American multinational investment bank and financial services firm, is reportedly looking into crypto. Specifically, it appears that Bank of America has filed for a patent which directly references the Ripple ledger. Bank of America explores Distributed Ledger Technology This news comes from a relatively fresh filing on Google Patents. The patent goes in-depth on a distributed ledger technology (DLT) system, which would supposedly work as an…