Lloyds Banking Group, the largest bank in the UK, has become the first major credit card provider in the country to ban its customers from using credit cards to buy cryptocurrencies, the Daily Telegraph reported today, Feb. 5. Their ban follows directly on the heels of J.P. Morgan Chase, Bank...
Banco Santander has set a Q1 2018 launch date for the introduction of same-day, mobile, international payments for customers, which will operate using blockchain technology on Ripple’s distributed ledger. For banks, the benefit of using Ripple is that it can enable the transfer of data and value in a...
Tezos Foundation president Johann Gevers has sparked new controversy over the project after deleting a rare post about its future plans Monday, Jan. 29. Tezos, which is at the center of several public lawsuits over delays issuing tokens from its $232mln ICO last year, continues to suffer from infighting between...
Everyone, even the biggest skeptics of Bitcoin and other cryptocurrencies have all had their positives to say about the underpinning Blockchain technology which has the potential to change the world. However, it has been 10 years since Blockchain technology came into the open, and yet we still don’t really...
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...
Portugal’s Central Bank Director Hélder Rosalino said that he didn't consider cryptocurrency a currency or legal tender and hinted that the Central Bank of Portugal has a similar position. His views are in line with many countries around the world, including the US where “a cryptocurrency does not have legal...
Every day, companies and consumers around the world send over $75 billion in payments through massive network of banks; Without this flow of money, as one would expect, everything simply stops. In an attempt to better serve the banks, Ripple, the San Francisco based tech company, has spent the past...
It has been a depressing fortnight for anybody reading various mainstream headlines touting the ‘end of Bitcoin’ and the arrival of the ‘crypto bubble’ crash. Unsurprisingly, the most recent cryptocurrency market slump has led to naysayers stepping onto their soapboxes, crying out messages of ‘I told you so’. Their rhetoric...
Danish finance and workers’ rights figures have threatened legal action against major bank Nordea after it announced this week that it will ban its employees from owning Bitcoin by Feb. 28. Speaking to local radio station Danmarks Radio (DK), Danish Financial Federation chairman Kent Petersen joined DJØF Union consultant Niels...
The Chairman of UBS Bank, the world’s largest manager of wealth, Axel Weber stated on Jan. 23 that he does not advise the bank’s clients to invest in cryptocurrencies, although he makes a distinction between institutional and retail clients when discussing the subject. Speaking to CNBC at the World Economic...