Tag: Bank

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund […]

Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns

Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically […]

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens

Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of […]

Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. […]

Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money

Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: […]

RBI Governor Discusses Crypto and Central Bank Digital Currency

RBI Governor Discusses Crypto and Central Bank Digital Currency The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and […]