Banks and former officials in South Korea turn to blockchain for fintech improvement but still without incorporating cryptocurrency
Category: Banking
Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering
People accused of counterfeiting banking cards and laundering the proceeds through bitcoin have been arrested by Spanish law enforcement
FT: Facebook Hires Standard Chartered Bank’s Head of Public Affairs for Crypto Project
Standard Chartered Bank’s head of public affairs Ed Bowles has reportedly been hired by Facebook to work on its cryptocurrency project dubbed “Libra”
Bank to Basics: USC Project Seeks to Disrupt Traditional Wholesale Banking
The USC project is set to have a big impact on wholesale banking: “We didn’t know if the characteristics were possible. The funding signals that it is possible”
3 Top Executives Depart Online Lending Fintech Startup SoFi
Three top executives have departed fintech startup, SoFi, known for its online crypto lending services
Report: Dutch Bank Rabobank Cancels Development of ‘Rabobit’ Crypto Wallet
Plans to develop a cryptocurrency wallet have reportedly been canceled by Dutch bank Rabobank
Dutch Bank ABN AMRO Launches Blockchain Inventory Tracking Platform ‘Forcefield’
Dutch bank ABN AMRO is launching a blockchain-based inventory tracking platform
Dutch Bank ABN AMRO Abandons Wallie Custodial Bitcoin Wallet Citing Risk Concerns
Plans to launch a custodial bitcoin wallet dubbed “Wallie” has been abandoned by Dutch bank ABN AMRO because of risk concerns
Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves
The latest third-party audit of its USD-pegged stablecoin USD Coin has been published by Goldman Sachs-backed crypto finance startup Circle
Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD
PAX stablecoin tokens can now be instantly redeemed for U.S. dollars, the company announced