Altcoins

XLM Surges 11% after IBM Partners 6 Global Banks to Use Stellar Blockchain

XLM, a cryptocurrency backed by Stellar Lumens, an open-source, decentralized payment protocol, surged as much as 11-percent in the past 24 hours. STELLAR PRICE RISES 11% FOLLOWING IBM-BANKS PARTNERSHIP | SOURCE: COINMARKETCAP.COM The upside move started brewing during the early European trading session on Monday, as the XLM moved from 0.108 to 0.118. The trend […]

Bitcoin

Bitcoin’s Disruptive Power Not Lost on UAE Banks Federation and Abu Dhabi Global Market

UAE Banks Federation (UBF) and Abu Dhabi Global Market (ADGM) have joined forces to host a fintech forum with a focus on discussing how cryptoassets are changing the global financial services sector.  Judging by an article from Emirates News Agency, it seems as though the forum was absolutely brimming with enough blockchain and banking-related buzzwords […]

Crypto News

Bitcoin Terrifies Banks: Hypocritical JP Morgan is Blacklisting Crypto Firms

The cryptocurrency revolution is here, and traditional banks are terrified. JP Morgan is the perfect example. First, the bank’s boss Jamie Dimon labelled bitcoin a “fraud” and promised to fire any employees caught trading crypto. Now, the bank is blacklisting cryptocurrency startups and refusing to open checking accounts.  Per a Bloomberg report, JP Morgan still […]

Bitcoin

Bitcoin Adoption: Could Chase Bank’s Anti-Conservative Push be an Opening Crypto?

According to alternative news platform Breitbart, a slew of conservative media personalities have had their banking services terminated by Chase Bank. Amongst those impacted are Rebel Media host, Martina Markota; independent reporter, Joe Biggs; Proud Boys leader, Enrique Tarrio; and others. Such reported efforts to silence alternative views to those pushed by mainstream media should […]

Crypto News

From Retailers to Major Banks, How the Crypto Sector of Japan is Exponentially Growing

In a recent development in Japan’s crypto industry, Mizuho Financial Group announced that it would launch its digital currency on March 1. According to Nikkei Asian Review, the 1.8-trillion megabank’s digital currency service would allow users to exchange their yens for a cryptocurrency called J-Coin through an app of the same name. The experience will […]

Bitcoin

Cluck the Banks: Bitcoin Lightning Network Powers Remote Chicken Feeder

A new and decidedly niche consumer product for Bitcoin’s Lightning Network has launched, allowing anyone to use the payment protocol… to feed chickens. A Different Breed Of Blockchain Supply Chain Currently circulating on social media, Pollofeed.com facilitates automated feeding of the birds, powered by Bitcoin Lightning Network payments. “Pollo Feed is a automated chicken feeder […]

Bitcoin

Banks are Better than Bitcoin (When It Comes to Money Laundering)

On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $ 90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders. In his response, ShapeShift CEO Erik Voorhees provided convincing examples of […]

Bitcoin

BOE Advisor: Crypto Fails Fundamental Tests, But Banks Face Growing Competition from FinTech Companies

It’s no secret that those who are heavily involved in the world’s traditional banking systems have a disdain for crypto, likely because of the many ways the relatively young technology challenges the traditional notions of banking. While offering a somewhat cliché opinion about the cryptocurrency markets, Huw van Steenis, the senior advisor to the Bank […]

Bitcoin

Satoshi’s Vision ‘Not a New VISA’ But An Alternative to Banks, Says Dan Held

Bitcoin creator Satoshi Nakamoto wanted it to be an “alternative to banks,” not a “new VISA,” cryptocurrency veteran and former Blockchain executive Dan Held has said. What’s In A ‘Vision’? In a series of tweets January 14, Held became the latest well-known figure to take issue with pundits who claim Bitcoin’s intended purpose is primarily […]