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…

Young Nigeria looks to Crypto for Payments

Data from Google Trends indicates that Lagos Nigeria ranks as the top city based on the volume of online searches for Bitcoin (BTC). This statistic implies high interest in Bitcoin, though surprisingly very little has transpired in the way of…

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…

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…

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…

Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019

  The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions…

Baseless propaganda! Goldman Sachs Refutes Claims It’s Shying Away From the Bitcoin Trading Desk Project

Much of the speculation and propaganda has spread on Sachs Goldman’ stance on much-hyped plans to launch a Bitcoin Trading Desk. These speculations came to light, especially after a report by Business Insider announced that Goldman Sachs was deprioritizing its…

Singapore Central Bank Chairman Livid Over Fake Crypto News

The central bank of Singapore has issued warnings over what it terms as “fabricated comments” on crypto by two websites about their chairman who also happens t be deputy prime minister Tharman Shanmugaratnam. The two websites posted this fabricated news…