Category: banks

Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications

Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported…

Research: Corporations Fail to Deliver on Blockchain Hype, Scalability a Top Concern

A new report from Greenwich Associates, a provider of market intelligence and advisory services to the financial services industry, tries…

World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential”…

Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound…

Singapore: Regulator Plans to Smooth Over Banking Ties With Crypto Businesses

The head of Singapore’s financial regulator and de facto central bank said he wants to “bring together” banks and crypto…

Canadian Crypto Crypto Exchange QuadrigaCX Blames Major Bank for Delays

Canada’s largest digital currency exchange QuadrigaCX is blaming legal action from a major bank for delays when customers cash out…

Crypto Exchange Bitfinex Denies Rumors of ‘Insolvency’ and ‘Banking Issues’

Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the firm is “insolvent” or…

‘Huge Cash Flows’: Lithuania Voices Concern Over ICO, Crypto Trading

Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy,…

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