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Swiss Point to Stablecoins as Next Crypto Innovation

Swiss Point to Stablecoins as Next Crypto Innovation

A computer scientist and economist who co-founded the Bitcoin Association Switzerland, Luzius Meisser, has spoken out about the direction of the cryptocurrency industry, pointing to stablecoins as the next big mover. Meisser, who is also on the board at brokerage firm Bitcoin Suisse AG, was speaking at the Crypto Finance Conference in St Moritz on 16 January when he said …


Canadian Banker’s Association: Outdated Methods Must Give Way to Digital ID

Canadian Banker's Association_ Outdated Methods Must Give Way to Digital ID

The Canadian Bankers Association (CBA) is driving banks to move towards what it calls a “federated model” of digital IDs replacing outmoded paper models throughout the country’s financial system. The new system suggested would link links federal and provincial systems and allow user identities to be authenticated electronically. Canada’s six largest banks have also been collaborating with SecureKey Technologies Inc …


HSBC Credits Blockchain for Processing $250 Billion in Forex

International Banking Giant HSBC Lauds Blockchain Use in Processed $250 Billion in Forex

In an announcement yesterday, multinational bank HSBC declared a clearing of USD 250 billion of forex trading in 2018 through blockchain. The bank further acknowledged the usefulness of the technology within its banking processes – beyond the speculative utility of cryptocurrencies alone. The bank said it had processed more than 3 million forex trades using the technology. While this represents …


“AirdropVenezuela” Recruits Steve Hank as Ally in Plan for Poverty-Stricken Nation

"AirdropVenezuela" Recruits Steve Hank as Ally in Plan for Poverty-Stricken Nation

Hyperinflation expert Steve Hanke has teamed up with a Mexico City-based blockchain powered currency platform in order to get financial aid to Venezuelans. Hanke, also a professor of applied economics at Johns Hopkins University, and AirTM, will work together on project “AirdropVenezuela”, which hopes to raise cryptocurrency donations up to USD1 million. Once raised, the funds will then be released …


Swiss Bank Vontobel Launches Digital Asset Custody Vault

Swiss Private Bank Vontobel Launches Compliant Digital Asset Custody Vault Solution

Switzerland-based investment bank Vontobel announced today that it is launching a custody solution with a digital asset vault service for its customers. Per the announcement, this will allow financial intermediaries such as banks and asset managers to offer their customers a more secure and easy way to buy, hold and transfer their digital assets, within an unprecedented infrastructural standard. The …


Why Bitcoin Shouldn’t Focus on Succeeding as a Domestic Payment System

Why Bitcoin Shouldn't Focus on Succeeding as a Domestic Payment System

Bitcoin: the cryptocurrency that started them all. Created as the first decentralized, peer-to-peer payment system independent of a third party mediator, the appeal to manage personal finances without requiring a traditional bank account is a concept that has appealed to many, to say the least. But as Bitcoin reaches its tenth anniversary and continues to mature as a financial instrument, the …


ATMs Still Gaining Popularity Globally with 5 Daily Installations

ATMs Still Gaining Popularity Globally with 5 Daily Installations

The installation of cryptocurrency ATMs continues around the world as it has done throughout 2017, despite the crypto market downturn. Newly-published figures indicate that new installations have taken the number of extant machines around the globe past the 4,000 total. This illustrates the degree to which users are increasingly needing a convenient way to access their crypto assets. According to …


Crypto vs Gold Debate Heats Up at Israeli Conference

Crypto vs Gold Debate Heats Up at Israeli Conference

American computer scientist and cryptographer Nick Szabo has suggested that cryptocurrencies such as Bitcoin will begin to be used far more frequently as rescue packages for struggling economies, particularly in nations hit by sanctions, and that gold will be heavily supplemented by cryptocurrency in the future. Countries currently facing sanctions from the US alone include Cuba, Venezuela, North Korea, Iran, …


Wall Street Observes Bullish Trend in OTC Crypto Trading

Wall St Observes Bullish Trend in OTC Crypto Trading in New Year Copy

With Wall Street pretty much sitting on the fence last year and major players pulling back from the brink when it comes to cryptocurrency, reports from New York’s banking hub seem to indicate that the crypto trade is gaining fresh impetus. Many see large-scale investment being re-examined in 2019 after being scared off by Bitcoin’s December dip. Wall Street notably …


Overstock’s tZERO Wins Patent for Crypto Integration Platform

overstock tzero patent crypto integration bitcoinnews

Overstock’s security token trading subsidiary tZERO has won the patent for a “crypto integration platform” designed to integrate the cryptocurrency market with legacy trading systems. The design draws a premise from the fact that “recent increasing adoption of cryptocurrencies (e.g., Bitcoin) worldwide creates challenges for existing trading systems”. The integration involves a complex but precise process of communication between blockchain …


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