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FinTech is Changing the World for the Unbanked Population
Jun 22, 2020 at 12:45
News
FinTech is Changing the World for the Unbanked Population
It is no secret that inclusion in the international financial system is tightly connected to people’s wellbeing. While the population of developing countries worldwide suffers poverty, fintech innovations including blockchain technology can help these people improve their life.
CBDC May Threaten Commercial Bank Existence, Fed Report Shows
Jun 11, 2020 at 10:14
News
CBDC May Threaten Commercial Bank Existence, Fed Report Shows
It has been argued that central bank digital currencies (CBDC) could threaten the existence of commercial banks by eliminating deposits that are the source of loans.
French Court Recognizes Bitcoin as a Fiat Currency
Mar 07, 2020 at 13:03
News
French Court Recognizes Bitcoin as a Fiat Currency
The commercial court of Nanterre recognizes that Bitcoin is "a fungible and consumable intangible asset", which brings it closer to the above-board definition of fiat money. This is the first time cryptocurrency is acknowledged in France.
Security Token Offering as a Blockchain-Based Alternative to IPO
Dec 06, 2019 at 09:31
News
Security Token Offering as a Blockchain-Based Alternative to IPO
Whenever the venture capitalists or the public asks how it is possible today for a firm to gather capital for growth and development, the first thing that comes into consideration is an initial public offering (IPO), which is the process that it is popularly regarded as the opening of social capital to the public.
Shinhan Bank Unveils a Blockchain System for Loan Approval
May 29, 2019 at 13:43
News
Shinhan Bank Unveils a Blockchain System for Loan Approval
The oldest and second biggest banking institution, Shinhan Bank, headquartered in Seoul, South Korea, has adopted blockchain authentication technology for non-face-to-face loans in order to accelerate the loan approval process. The institution, owned by Shinhan Financial Group, announced that it has launched an effective system which validates the documents needed for non-facing loan business in the country by applying blockchain and distributed ledger technology.
Bitfinex to Have its Injunction Modified by Supreme Court
May 18, 2019 at 12:43
News
Bitfinex to Have its Injunction Modified by Supreme Court
The New York (NY) Supreme Court will modify the injunction against cryptocurrency exchange Bitfinex because it is vague and unclear. The injunction against the company’s digital currency business, was obtained by NYAG. The court made a ruling that Tether should not loan cryptocurrencies to the exchange, unless it is a standard recognized way of doing its commercial activities.
CoinLoan Opens Platform to Bridge Gap Between Lenders and Borrowers
Jul 27, 2018 at 10:22
News
CoinLoan Opens Platform to Bridge Gap Between Lenders and Borrowers
CoinLoan, an Estonia-based startup, has launched a crypto-to-fiat lending platform where cryptocurrency is used as collateral. From now on, crypto-backed loans are available for users all over the world. On CoinLoan, everyone can become a lender or a borrower, on his or her own terms. The platform’s primary objective is to link counteroffers and ensure the safety of the deal.
Blockchain Startup, Deribit Bridges Gap between Crypto-USD Loans
Jul 26, 2018 at 10:38
News
Blockchain Startup, Deribit Bridges Gap between Crypto-USD Loans
Cryptocurrency traders who are in need of a loan, but don't want to sell their cryptocurrency holdings are set to benefit from Deribit blockchain powered loan solutions. The Amsterdam based Derivatives company, who started its first forays into cryptocurrency by offering Bitcoin Futures and Options trading services, will now enable borrowers to post crypto assets as loan collaterals without the fear of a margin call.
Australian Bank: Use of Home Equity Loans to Purchase Cryptocurrencies is Finally Banned
Jul 16, 2018 at 09:45
News
Australian Bank: Use of Home Equity Loans to Purchase Cryptocurrencies is Finally Banned
The Australian Bank of Queensland has put a ban on all property buyers using home equity to purchase cryptocurrencies, according to Financial Review on July 12. The Bank of Queensland is so far the latest financial institution to ban credit lines from loans in making leveraged purchases or used in crypto trading. The bank provided an acceptable explanation for the ban with the significant high-risk of these type of investments, showing that even though leveraged currency trades can be more profitable, a bad taken investment decision could turn out decimating.
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