Bitcoin

‘Ultra-Bull Case’ for Bitcoin Driven By Central Banks – Anthony Pompliano

Anthony ‘Pomp’ Pompliano of Morgan Creek Digital believes Bitcoin is about to experience an epoch-defining next 18 months. ‘A Perfect Storm for Bitcoin’ Speaking to Bloxlive TV earlier in June, Pompliano said the next 18 months will be crucial for Bitcoin. The Morgan Creek Digital co-founder believes the plethora of developments with potentially global economic […]

Bitcoin

‘Totally Absurd’ – New FATF Rules To Turn Bitcoin Exchanges Into Banks

Intergovernmental body the Financial Action Task Force (FATF) has committed to making 200 countries treat cryptocurrency exchanges like banks. FATF Among ‘Biggest Threats’ To Crypto As Bloomberg reported June 11, an update to how national regulators should treat businesses dealing with cryptocurrency tokens will officially go public on the 21st of the month. Its impact […]

Bitcoin

Apple and Facebook Now Competing With Banks – Not Bitcoin

International ratings agency Weiss Ratings thinks tech giants like Apple and Facebook entering the crypto-space prove they are, in fact, becoming banks themselves and their ‘answer’ is nothing like Bitcoin – which competes with central banks.  Facebook, Apple ‘Becoming Banks’ In a blog post June 5, developer and Weiss Crypto Investor editor Juan Villaverde told […]

Bitcoin

Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements

Banking giants in the U.S., Japan, and across Europe have created a consortium that will use cryptocurrency technology in cross-border transfers. The move also presents a direct competitor for Ripple’s XRP token.   Settlement ‘Crypto’ Coins for International Remittance According to the Nikkei Asian Review, large banking corporations in Japan like MUFG and Sumitomo have led […]

Crypto News

World’s Biggest Banks Splash $63 million on a Blockchain Digital Currency

By CCN: Some of the world’s biggest banks are partnering with London-based Fnality International to create a blockchain digital currency for faster cross-border transfers. These banks from Japan, Europe, and the United States are hoping that issuing a utility settlement coin (USC) will lower transaction costs of cross-border payments by cutting out intermediaries. Fnality International […]

Blockchain

Indian Crypto Companies Are Now Helping Thailand’s Banks Instead

Indian tech multinational, Wipro, has developed a blockchain-based solution for banks in Thailand to settle dues. This comes as Indian government and banking authorities look to enact a blanket ban on all non-state-issued cryptocurrencies back home. Thai Banking System Embraces Blockchain Technology The settlement solution is a part of the first phase of Project Inthanon, which launched in […]

Crypto News

Crypto Payments: Canada and Singapore Central Banks Send Each Other Digital Currencies

By CCN.com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for […]

Bitcoin

Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent. Bloomberg notes: The inflation […]

Analysis

Is Litecoin (LTC) and Other Assets Rallying Because of Central Banks’ Irresponsibility?

Litecoin prices up with huge trade volumes Irresponsible central banks like the FED will fuel crypto resurgence Travis Kling, the Chief Investment Officer at Ikigai Asset Management, believes that the crypto space will flourish as the public loses faith in the FED thanks to their “irresponsibility.” Thus far, Litecoin (LTC) is up 45.9 percent with […]

Ethereum

Simple Bank’s Shamir Karkal Unveils New Blockchain Payments Startup

A new startup launched by the former co-founder of Simple Bank wants to provide early-stage fintech startups with traditional banking service functionality. Sila, founded last year and until now operating in private alpha test phase, unveiled an open beta Thursday, inviting developers of fintech firms – including blockchain and crypto startups – to begin building new […]