Bank of Korea: CBDC Could Threaten Commercial Bank Stability

CBDC Could Threaten Financial Stability of Commercial Banks, Says Bank of Korea

The Bank of Korea (BOK) has said that the introduction of a state-owned and issued digital currency in the form of central bank digital currency (CBDC) in South Korea could possibly zero-out commercial banks, reports Yonhap News Agency. According to the source, the BOK published a report expressing concerns with low deposits demands into commercial […]

Binance: ETFs Not Core to Crypto Growth

A popular trend as the cryptocurrency industry develops is the introduction of the analogous derivative instruments of the traditional financial market, aimed at luring in institutional investors into the crypto world. One such instrument is the exchange-traded fund (ETF). CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, has, however, downplayed the role of ETFs in the […]

Credit Suisse Successfully Tests Blockchain for Cross-Border Payments

Swiss multinational investment bank and financial service company Credit Suisse confirmed today that its asset management arm which manages over USD 400 billion has successfully tested a blockchain-based cross-border transaction, as reported by Reuters. According to the post, parties involved in the test — Portugal’s online bank Banco Best and Luxembourg-based order-routing platform Fundsquare — confirmed that […]

Fake Bakkt Emails Circulate, Claiming Profits for Investors

There are reports of email being received from what claims to be Bitcoin futures trading platform Bakkt. The emails, bearing the subject line “Bakkt News!” and purporting that the platform will launch on 12 March 12, at first sight seem convincing. First of all, the email is sent, not from an official Bakkt account, but […]

Race to World’s First Pure PoS Crypto: Ethereum vs Vault

MIT researchers have claimed to develop a new cryptocurrency that requires an astounding 99% less space than Bitcoin to store data. The cryptocurrency, dubbed Vault, is based on Proof of Stake, a concept that is resource efficient and requires little energy to process. According to the MIT developers, Vault will be deployed within this year. […]

Q4 2018: ICOs Increase but Investment Declines 25%

ICOs Increase but Investment Declines 25%

A new ICOBench report has shown that in Q4 of 2018, initial coin offerings (ICOs) raised 25% less than Q3 2018. The same reporting period saw the number of completed ICOs jump from 554 (in Q3 2018) to 594. The same quarter witnessed a surge in the number of ICO projects that were unable to […]

Blockchain Association of Canada Merges with Chamber of Digital Commerce

The Chamber of Digital Commerce, Canada’s largest blockchain trade association, has decided to join hands with the Blockchain Association of Canada (BAC). The new organization will be named as the Chamber of Digital Commerce Canada. An official press release on the website of the Chamber of Digital Commerce confirmed the news of this partnership. Tanya […]

Coinbase Review: Is It Right for You?

Coinbase, a US-based fintech company founded in 2012, is one of the most popular cryptocurrency exchanges in the world with over 20 million customers in 42 countries. It offers wallet and exchange services for inexperienced traders, cryptocurrency enthusiasts and institutional investors which are backed by Federal Deposit Insurance Corporation (FDIC) protection for US residents and […]

Swiss Stock Exchange to Integrate Blockchain Technology

SIX Swiss Exchange has decided to use blockchain technology for its upcoming parallel digital trading platform SDX. Switzerland’s leading stock exchange is expecting the integration to happen in the first six months of 2019, media reports claimed. Approximately CHF 5.19 billion (Swiss francs equivalent of USD 5.18 billion) is processed by SIX Swiss Exchange in daily turnover. […]

Millennials Could Drive Crypto Industry by Ditching Banks

The current levels of cryptocurrency adoption by millennials is seen by many analysts as a negative sign for traditional banking as more and more of this age group become disillusioned by the current financial system. The general view borne out by much research on the subject is that millennials simply don’t trust banks. Research conducted […]