The senior adviser to Bank of England’s (BOE) Governor Mark Carney, Huw van Steenis, told Bloomberg in an interview on Monday, January 21, that cryptocurrencies fail the fundamental financial tests. Van Steenis has worked at corporations with the likes of Schroders and Morgan Stanley. He joined BOE in 2018 and is …

Binance, the world’s leading digital currency exchange by trading volume has announced the launch of its new exchange. According to the announcement, Binance has launched a new fiat-to-crypto exchange on the island of Jersey, a British self-governing dependency. The exchange made an announcement saying that through the new exchange, users …

As per the tweet posted on 15th Jan, ABCC crypto exchange has collaborated with Tron (TRX) the ninth largest digital currency. The news has been subsequently confirmed on Twitter by Tron’s founder and CEO Mr. Justin Sun. According to the announcement, the collaboration has made ABCC the first cryptocurrency exchange to list tokens based …

Euro Exim Bank, a London-based bank has recently tested Ripple’s xRapid in order to process cross-border payments. The Bank majorly focuses on providing financial services for export and import companies. So as of now, the financial service provider has the first bank to announce that it used XRP for cross-border …

Ripple, San Francisco based startup has become the hub for Cross-Border Remittance Services. The company has already partnered with the most popular firms, organizations, banks and institutions around the world. One more name has been added to the list as one of the largest Islamic banks in the world, Kuwait Finance …

Recently the Reserve Bank of India (RBI) published a report which says cryptocurrencies are not currently a threat. The central bank says that due to the rapid growth and adoption of cryptocurrencies, this assessment could change. RBI also included that constant monitoring of cryptocurrencies is needed. RBI published its “Report …

2019 is upon us and as we look towards this new year with optimism, it’s important that we look back and reflect at the passing year. As 2017 ended with exploding of prices in Bitcoin and other cryptocurrencies. In fact, when Bitcoin reached $20,000, each and every news outlet covered …

Mizuho Financial Group is looking to delve into the world of cryptocurrencies by introducing cashless payments and remittance for its clients. As per the reports by Nikkei, the Asian media outlet, the idea behind this strategy is to change lower fees to retailers who accept payments in tokens as opposed …

A major winemaker in Hong Kong is planning to buy a Japanese cryptocurrency exchange. The winemaker is already listed on the Hong Kong Stock Exchange and will be acquiring a majority stake in a Japanese cryptocurrency platform. This deal aims to “achieve a better return” for shareholders of the company. …

Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware is facing a difficult time. Ever since the price drop of Bitcoin and other cryptocurrencies, mining has stopped being profitable for the majority of companies and users. It is speculated that the mining giant may start laying off employees this week …