German Bank Boosts Bitcoin with Negative Interest Rates Move

Germany’s first bank is demanding that savers pay it to hold their money. The bank is demanding payment to hold custody of their money even if it means one euro per account. According to multiple local press outlets, including the…

India is Looking at Blockchain Technology as the Next Step in Contemporary Warfare

India’s defense minister believes that Blockchain technology is the next step in contemporary warfare. While addressing an envoy of over eight nations on Monday November 4, in a precursor event to February 2020’s India DefExpo conference, the minister said that…

China unbans Crypto!!

China is taking an abrupt crypto U-turn that is surprising everyone in the crypto community. A country that only a few months ago had a lot of anti-crypto sentiment is increasingly becoming more open to the technology. According to Twitter-based…

Jack Dorsey: Twitter will not be Joining Libra Association

According to Twitter CEO Jack Dorsey, the social media giant will not be part of the Libra foundation. Dorsey replied with a resounding “Hell no” when asked about his firm’s potential membership of the Facebook-led crypto payments scheme at a…

Zuckerberg to tell Congress that Libra can Fix “failing” Financial System

Facebook CEO Mark Zuckerberg will tell congress that Libra can bring financial services to the world’s 1.7 Billion unbanked people. Facebook’s CEO released a written testimony a day before his scheduled appearance before the U.S House of Representatives Financial Services…

Banks May Drop Facebook Due to Regulatory Concerns

An ING executive has warned that banks may be forced to drop Facebook as a customer, if it persists with its plans to develop the Libra project. The executive is concerned that Facebook may continue its project without addressing the…

ECB Banker: Libra Could succeed where Central Banks have failed

Facebook’s Libra could potentially solve some of the problems that have plagued the international payments market for years now, but it might also create others if the regulators don’t get creative. This is according to a European Central banker who…

Ripple adds Dubai-based Bank to its Blockchain Network

Ripple partners with the National bank of Fujairah, in yet another stride towards the development of RippleNet’s Blockchain network. The national bank of Fujairah is a Dubai-based corporate bank that offers corporate and commercial banking services for conducting cross-border payments.…

Germany’s Largest Bank joins JPMorgan’s Blockchain Network

The largest bank in Germany Deutsche bank, has joined JPMorgan’s Blockchain-based network; the interbank information Network (INN) The JPMorgan Blockchain initiative was launched bank in 2017 as a pilot, and has since attracted 320 banks which have all signed up…

Facebook’s Libra backed by Several National Currencies

In its journey to get its very own Stablecoin approved by regulators, Social media giant Facebook reportedly shared details regarding the project’s proposed backing reserves. According to a Sep 9 Bloomberg report, the social media giant revealed to senators about…