Brazil Bank Adopts IMF Guidelines for Crypto Classification

The central bank of Brazil has moved to classify bought and sold crypto assets as per the laid out International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug 26. Under the new IMF standards, traded cryptos…

Rwanda’s Central Bank Explores Possible Digital Currency Launch

The top bank in Rwanda is currently looking into the development and issuance of its own digital currency. In a move that has caught a lot of people by surprise, the National bank of Rwanda has gone full throttle in…

Bank of England Governor: Digital Currency could Replace Dollar

Bank of England governor Mark Carney has suggested that the American dollar could soon be replaced with a digital currency similar to Facebook’s Libra. While delivering his speech at the U.S Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney…

Santander to Introduce Ripple-powered payment Service in Latin America

Spanish banking giant Santander group, is expanding its use of Ripple’s technology. The bank is reportedly putting in place a “payment corridor” that would let customers in Latin America send money to the U.S instantly for free via One Pay…

Goldman Sachs analysis: Its a Good Time to Buy Bitcoin

If you have been shaking in your boots over the latest BTC market price pullback, there is cause for relief. This is because some Market Intel from Goldman Sachs suggests investors should capitalize on the current price dip and place…

Blockchains.com Founder acquires Community Bank to Fund Crypto dreams

According to a report by the Nevada independent, the founder of Blockchain incubation and investment firm Blockchains.com; Jeffrey Berns, has bought a small community bank in Las Vegas, Nevada. The report has it that the Blockchains.com founder acquired the community…

Wall Street Skeptic: Bitcoin a Good Bet if Trade Tensions Continue

Mr Peter Bookvar of Bleakley advisory group views Bitcoin as a great bet to bank on in the face of the China-US trade wars. The chief investment officer is more a fan of Gold as a store of value, but…

Israel Supreme Court Rules in Favor of Crypto Exchange in Bank Account Case

Israeli’s crypto community toasted to good news after the country’s largest broker for Bitcoin and Ethereum was allowed to keep its account with the country’s largest bank. This was decided by Israel’s Supreme Court after overturning a district court’s earlier…

Russia’s largest bank shelves crypto plans despite having a Crypto Bullish CEO

Russia’s largest bank Sberbank is reportedly planning to scrap its crypto plans citing the anti Bitcoin sentiments of government regulators. This news has come off as quite ironic since the bank’s CEO is a popularly known Bitcoin Bull. Despite the…

Myanmar Central Bank moves to tame Country’s Bitcoin Thirst

The attractive developing country of Myanmar could be on the verge of losing about $5.8 Billion in foreign direct investments following their anti-Bitcoin and other crypto-currencies stance. Myanmar is hinting at a possible blackballing of Bitcoin, a crypto-currency that has…