banks

Spanish BBVA Becomes First Global Bank To Issue Loan Using Blockchain

4 weeks ago kakp2 Comments Off on Spanish BBVA Becomes First Global Bank To Issue Loan Using Blockchain
Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology, FT reports April 25. The Spanish multinational bank said it conducted the entire loan process, from the negotiation of terms to the signing, on a mutually distributed ledger that informed both the bank and the borrower of the Read More

Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts

4 weeks ago kakp2 Comments Off on Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts
Major Chilean cryptocurrency exchange Buda has persuaded a court to order the re-opening of its accounts at two major Chilean banks, Bloomberg reports April 25. Chile’s anti-monopoly court published the ruling on its website, ordering state bank Banco del Estado de Chile and Itau Corpbanca to re-open Buda’s accounts while the exchange’s lawsuit continues against Read More

Swiss Banking Industry To Be Hurt The Most By Blockchain, Says New Moody’s Report

1 month ago kakp2 Comments Off on Swiss Banking Industry To Be Hurt The Most By Blockchain, Says New Moody’s Report
Credit rating giant Moody’s Investor Service said in a recent report that Blockchain technology for cross-border transactions could potentially hurt banks in Switzerland more than in any other country, CNBC reported yesterday, April 16. As half of the Swiss banking sector revenue is from fees and commissions, Switzerland is more at risk of losing money Read More

Bank of England To Test Blockchain Features For New Payment System

2 months ago kakp2 Comments Off on Bank of England To Test Blockchain Features For New Payment System
The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer of funds is conducted between Read More

Steve Bannon Lauds Cryptocurrency As A Tool To Resist the ‘European Establishment’

3 months ago kakp2 Comments Off on Steve Bannon Lauds Cryptocurrency As A Tool To Resist the ‘European Establishment’
Steve Bannon, former Chief Strategist to US President Donald Trump, said that cryptocurrencies could be an asset to the European anti-establishment movement at an event sponsored by the Swiss newspaper Die Weltwoche on March 6. At his lecture in Zurich, Bannon stated that cryptocurrencies and the Blockchain will “empower movement, empower companies, Read More

Major Dutch Bank Rabobank Exploring Idea Of Launching Own Cryptocurrency Wallet

3 months ago kakp2 Comments Off on Major Dutch Bank Rabobank Exploring Idea Of Launching Own Cryptocurrency Wallet
Rabobank, a major Dutch bank with €681 bln under management, roughly equal to $838 bln, is looking into options for developing a cryptocurrency wallet within its online banking environment, according to a press release published Feb. 28. The idea of a digital wallet for the bank’s own cryptocurrency project “Rabobit” was offered under the bank’s Read More

Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend

3 months ago kakp2 Comments Off on Canada: TD Bank Bans Credit Card Purchases of Crypto Following Global Trend
Following in the footsteps of several major banks globally, the Toronto-Dominion Bank (TD), one of the largest banks in North America, announced  in an email statement to customers on Friday, Feb. 23, that it is banning the purchase of cryptocurrency with credit cards, local journal The Globe and Mail reports. A representative of TD, the first Read More

Friend or Foe: Inside Poland’s Strange War on Cryptocurrencies

3 months ago kakp2 Comments Off on Friend or Foe: Inside Poland’s Strange War on Cryptocurrencies
On the list of anti-cryptocurrency countries, Poland has never really stuck out. In fact, there has been enough evidence to suggest that the Eastern European country was moving towards embracing Bitcoin and Blockchain technology. However, a recently uncovered smear campaign by the NBP (National Polish Bank, or Central Bank) has thrown that all out of Read More

Traditional Banks Hate Crypto: Expert Blog

5 months ago adcity Comments Off on Traditional Banks Hate Crypto: Expert Blog
Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at mike@cointelegraph.com. Digital currency’s total market capitalization is around $500 bln Read More