Might seamless cross-border payments be among the holy grails of payments? Think of the complexities: multiple currencies, time zones, financial institutions, regulations … the list goes on. Speed and simplicity are prizes to be desired in cross-border transactions (as they are to be prized in...
JPMorgan, along with Royal Bank of Canada and Australia and New Zealand Banking Group Limited, announced Monday (Oct. 16) the launch of the Interbank Information Network (IIN). In a press release, the banks said the new initiative uses blockchain technology to limit the friction in...
JPMorgan’s CEO Jamie Dimon is at it again – he’s slamming bitcoin, the popular digital currency, just weeks after receiving flack for calling it a fraud. During an Institute of International Finance conference late last week, Dimon was asked a question about bitcoin and responded...
JPMorgan chief executive officer Jamie Dimon’s recent comments that Bitcoin is a “fraud” have prompted outrage by one cryptocurrency startup. The firm is using Dimon’s words in a full-page advertisement running in the Wall Street Journal. According to a report by CNBC, Eidoo, the Switzerland...
While many believe that millennials are shifting their focus away from stocks to bitcoin and other investments, the co-founder of popular stock trading app Robinhood isn’t as convinced. “I wouldn’t say that we’re anticipating a massive shift from stocks to cryptocurrencies,” Robinhood co-founder Vlad Tenev...
Ripple revealed that RippleNet, its blockchain network, now services more than 100 financial institutions. “We are pleased to announce that Bexs Banco, AirWallex, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, RAKBANK, and TransferGo, among others, have joined RippleNet,” the company said in a statement....
The extradition of a Russian man accused of laundering billions of dollars in Bitcoin is being made possible thanks to a Greek Supreme Court ruling. According to a report in Reuters, Alexander Vinnik, the accused mastermind behind a $4 billion Bitcoin laundering network, is among...
Coinbase, the popular cryptocurrency exchange, is facing an inquiry by regulators in the U.S. over a flash crash back in June that erased nearly all the value of the Ethereum (Ether) currency, the second most popular cryptocurrency. According to a report in Bloomberg, the Commodity...
While Swiss financial watchdog FINMA announced it is investigating a number of initial coin offerings (ICOs) for possible breaches of Swiss law, South Korea has decided to ban the crowdfunding method altogether. According to news from Reuters, the Swiss investigation is the second crackdown in less...
