Tag: banking
Metropolitan Bank Shut Down Tether’s Accounts After 5 Months
On June 10, 2019, Coindesk reported that spokesperson told them that the New York-based Metropolitan Commercial Bank kept the accounts of the stable currency...
Vietnamese Central Bank Bans Cryptocurrencies
Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal. The central bank also announced that it...
R3 Files Patents for ‘Dynamic’ DLT Recordkeeping
Consortium startup R3 has filed two patent applications detailing its work on applying distributed ledger tech to "dynamic" agreements between financial institutions.
The two applications – submitted last year and...
Bitcoin Bigger Idea Than Apple, Amazon Says Ark Investments CEO
Bitcoin has officially entered the mainstream. The most recent edition of Charlie Rose, the PBS interview show that has endured since 1993, features Cathie Wood,...
UBS: Cryptocurrencies Are a ‘Speculative Bubble’
UBS has said that cryptocurrencies like bitcoin are a ‘speculative bubble’ and are unlikely to become a mainstream currency. Yet, it believes the blockchain...
Bank of America Files Patent for Blockchain-based Processing System
Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a...