Tag Archives: banking

07Sep/19

How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking inRead More…

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04Sep/19

IMF Chief Christine Lagarde Encourages Open Cryptocurrency Regulation

European Central Bank (ECB) president candidate and International Monetary Fund (IMF) chief Christine Lagarde stated on Sept. 4 that central banks and financial supervisors should protect consumers but also be open toRead More…

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21Aug/19

Australia’s Biggest Bank Says Its ‘BioTokens’ Can Help the Environment

The Commonwealth Bank of Australia is currently prototyping blockchain tokens meant to enable landowners, environmental groups, developers and governments to invest in sustainable development. Commonwealth Bank’s ‘BioTokens’ The bank announced in aRead More…

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14Aug/19

Barclays Is No Longer Banking Coinbase

The most prestigious banking relationship in crypto has ended. Barclays, the London-based global bank, is no longer working with cryptocurrency exchange Coinbase, industry sources told CoinDesk. And while Coinbase found a replacementRead More…

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26Jul/19

MIT Fellow Accuses Facebook of ‘Lifting’ His Ideas for Libra Cryptocurrency

Avid students of the literature on monetary innovation might feel deja vu when reading Facebook’s Libra white paper. Several aspects of the social network’s much-ballyhooed global cryptocurrency project uncannily resemble the visionRead More…

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03Jul/19

Economist Joseph Stiglitz: Only a Fool Would Trust Facebook’s Libra

Nobel prize-winning economist, Joseph Eugene Stiglitz, claims that “every currency is based on trust, but only a fool would trust Facebook’s Libra” in an article published on July 2. Stiglitz also notesRead More…

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25Jun/19

French Central Bank: Facebook’s Libra May Need Banking License

Bank of France Governor Francois Villeroy de Galhau said that Facebook’s Libra stablecoin must comply with anti-money laundering regulation and seek banking licenses if it offers banking services, Reuters reports on JuneRead More…

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