Major Russian state-owned bank Gazprombank will be conducting pilot cryptocurrency transactions in Switzerland, local news outlet Vedomosti reported March 29. According to Aleksandr Sobol, the Deputy Chairman of the Board at Gazprombank, Switzerland was chosen due to the more liberal crypto legislation in the country. Sobol said that “some kind of...
Finnish cryptocurrency exchange and crypto wallet services provider Prasos Oy is one step from being “frozen”, as most Finnish banks will no longer conduct business with them, Bloomberg reports March 9. Founded in 2012, Prasos has seen a ten-fold spike of transaction volumes reaching $185 mln in 2017, which became...
In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to...
Texas regulators have issued an unconditional cease and desist order to the self-described ‘cryptocurrency bank’ AriseBank on Friday, Jan. 26, ordering it to halt any services to the state’s residents. In a formal press release Friday, the Texas Banking Commissioner Charles G. Cooper implied the business, which has generated considerable...
European leaders seem to have finally come to a consensus that the innovative technology underlying crypto-assets “has the potential to improve efficiency and inclusiveness of the financial system and economy more broadly,” as emphasized at the G20 summit in Argentina in March 2018. However, when it comes to regulation, the...
Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners, shared his positive view on the cryptocurrency market sell-off and talked about why it should not scare investors in a FOXBusiness exclusive interview Feb. 28. Calling himself a Bitcoin “observer”, rather than a Bitcoin “believer” or “evangelist”, in...
The European Central Bank (ECB) again championed Blockchain’s potential for transforming securities settlements this week as it completed new research with the Bank of Japan (BoJ), published Tuesday, March 27. In a second summary of findings it prepared as part of its partnership with the BoJ, dubbed Project Stella, the...
CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14. Cheng is known as a world class developer...
The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local news outlet Arabian Business reported Saturday, April 21. According...
Mike Novogratz hopes to make the Galaxy Digital merchant bank as the “Goldman Sachs of crypto”. Billionaire investors and Bitcoin Bull Mike Novogratz is back in the news once again as the hedge fund manager has successfully managed to raise $250 million for a cryptocurrency merchant bank named Galaxy Digital....