6 banks plan to issue their own digital tokens on Stellar blockchain backed by fiat currency

Six international banks have laid out plans to issue their own stable coins, or digital tokens backed by Fiat currency, on IBM’s Stellar-powered money wiring service. This was reported by both IBM and stellar. IBM’s Stellar powered money wiring service…

SBI announces that 13 Top Banks are about to join the Ripple Ecosystem

SBI holdings- an entity that solidly backs ripple- just announced a new app known as moneyTap. This app will be focusing on cashless payments for small transfers. The SBI group is sometimes referred to as strategic business innovator group, and…

Citigroup Drop Plans of Launching Own Crypto “citicoin”

It appears that Citigroup, the third largest bank in the US, has dropped plans of launching their own crypto which was to be known as “citicoin” It came out in July of 2015 through the international Business Times (IBTimes) that…

Kuwait Finance House Adopts Ripple

Ripple has done it again, this time partnering with a Kuwaiti bank in a deal that will see the use of Xcurrent by the bank. The Kuwait finance house will join Ripple NET in an unprecedented move in the country…

Basel Based Bank Consortium issues Crypto warning to Financial Institutions

A warning has been issued by a consortium of bank regulators through a statement that said crypto-currency could have massive implications for the financial sector. The statement read; “The continued growth of crypto asset trading platforms and new financial products…

Former Goldman Sachs engineers raise $3 million to tackle crypto-related manipulation

A US-based trade surveillance startup has raised approximately $3 million in seed funding to help combat crypto manipulation and its related effect in the space. While announcing the development on Wednesday, the startup dubbed Solidus Labs said it intends to…

JPMorgan Chase Set to Launch its Own Crypto-currency

A United States banking first is upon us with one of the country’s top banking giants, JPMorgan Chase (JPM) launching its own crypto-currency, as reported by CNBC on February 14. The US banking giant is set to popularize its own…

Phillipino Bank Launches Inaugural Crypto ATM

Local publications indicate that Union Bank of the Philippines, which is one of the largest commercial banks in the Philippines, has just launched the country’s inaugural crypto ATM. An official statement from the bank following the launch, said that the…

Chinese Economists Divided on Beijing Issuing its own Coin

Economic experts from China reportedly do not agree on the future of the Blockchain according to a survey from internet giant Tencent. The survey was conducted by Tencent’s financial science and technology Think tank where they sent questionnaires to a…

The hard fork: Why Bitcoin SV never stood a chance against Bitcoin Cash

The crypto community was set for a clash of titans prior to the hard fork which was scheduled for the 15th of November 2018, with the two subchains of Bitcoin Cash, Bitcoin Cash ABC  and Bitcoin Cash SV taking the…