How Blockchain could have Prevented the Danske Bank Scandal 

Posted on Categories Banking, Blockchain, Regulations, Scam, TechnologyTags , , , Leave a comment on  How Blockchain could have Prevented the Danske Bank Scandal 

Imagine how shocking it would be for a bank to launder almost ten times the country’s GDP. That’s not all. Now, imagine if all the money came from non-residents of the Ukraine, Russia, Moldova, Azerbaijan and several other countries of the now-defunct Soviet Union. Indeed, this would make it the largest money laundering scandal of … Continue reading ” How Blockchain could have Prevented the Danske Bank Scandal “

Bank of America and Ripple (XRP) in Talks over Collaboration

Posted on Categories Altcoin, Banking, Business, General, NewsTags , , , , , , , Leave a comment on Bank of America and Ripple (XRP) in Talks over Collaboration

If the information reaching Bittpress is anything to go by, then Bank of America (BoA) may be collaborating with Ripple (XRP) soon. Indeed, Ripple has been multifaceted, given that the platform is not a retail services provider. No doubt, the company seeks to develop products that enhance the operations of traditional banking institutions, making them … Continue reading “Bank of America and Ripple (XRP) in Talks over Collaboration”

Cryptocurrency: Understanding the Tax Process applying to Bitcoin

Posted on Categories Banking, Bitcoin, Cryptocurrency, General, News, RegulationsTags , , , , Leave a comment on Cryptocurrency: Understanding the Tax Process applying to Bitcoin

Taxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space.  Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”

Bank of America Wins Patent for Private Key Storage

Posted on Categories Banking, Blockchain, Cryptocurrency, News, TechnologyTags , , , , , , Leave a comment on Bank of America Wins Patent for Private Key Storage

On Tuesday, the U.S. Patent and Trademark Office awarded Bank of America its latest patent. It is for the secure, tamper-proof storage of private keys for large enterprises. The major institution has been collecting many such patents in preparation for the growth of cryptocurrency. Bank of America, the second largest bank in the U.S., holds … Continue reading “Bank of America Wins Patent for Private Key Storage”

e-Krona could reshape the Swedish cashless economy    

Posted on Categories Banking, UncategorizedTags , , , , , , , , , Leave a comment on e-Krona could reshape the Swedish cashless economy    

In many countries around the world, cash is the predominate method of paying for goods at mom-and-pop shops. However, that is not the case in Sweden, as many merchants are gradually dumping cash payments. According to statistics, the percentage of cash circulation in the European country is just about 1%. Indeed, this percentage shows that … Continue reading “e-Krona could reshape the Swedish cashless economy    “

U.S. Sanctions: Iran Ready to Launch National Cryptocurrency

Posted on Categories Banking, Business, Cryptocurrency, General, NewsTags , , , , , Leave a comment on U.S. Sanctions: Iran Ready to Launch National Cryptocurrency

Iran has finished developing their national cryptocurrency, which is pegged at 1:1 with the rial.  Their hope is that a digital currency could loosen the grip on their trade and provide independence from the USD. The announcement closely follows the re-institution of full U.S. sanctions on the country November 5 These sanctions specifically target 50 … Continue reading “U.S. Sanctions: Iran Ready to Launch National Cryptocurrency”

JP Morgan: Three Long-Term Winners in Blockchain

Posted on Categories Banking, Blockchain, Business, News, TechnologyTags , , , , , , Leave a comment on JP Morgan: Three Long-Term Winners in Blockchain

As an investor, gaining exposure to blockchain can be a tricky. Unless, of course, you’re buying cryptocurrencies. However, there are still ways to profit from the emerging technology, as analysts at JP Morgan point out. There are few that JP Morgan says will create ‘material incremental growth opportunities’ from the technology,” notes CNBC. Blockchain as … Continue reading “JP Morgan: Three Long-Term Winners in Blockchain”

Singapore Research Group Predicts XRP Value to Grow 289%

Posted on Categories Banking, Blockchain, Cryptocurrency, General, NewsTags , , , , , , Leave a comment on Singapore Research Group Predicts XRP Value to Grow 289%

Picolo Research believes Ripple (XRP) could trade with a $1.75 value, a nearly 300% increase from where it currently stands. Picolo is an independent research group under the Piccolo Plus management firm from Singapore. Their report begins by reviewing Ripple’s (XRP) Q3 market data. This shows a sales increase from $17 million to nearly $98 … Continue reading “Singapore Research Group Predicts XRP Value to Grow 289%”

Bank of America Leads in Blockchain Patents, But Not In Application

Posted on Categories Banking, Blockchain, Business, News, TechnologyTags , , , , Leave a comment on Bank of America Leads in Blockchain Patents, But Not In Application

Bank of America (BoA), the second largest bank in the United States, currently holds the most blockchain tech patents in the world.  However, they have yet to implement any, and many are skeptical of the bank’s motives.  On October 30, BoA was awarded their most recent patent for a private key storage solution bringing their … Continue reading “Bank of America Leads in Blockchain Patents, But Not In Application”

Ripple Investors Could See Higher Highs, as New xRapid Partner Confirmed

Posted on Categories Banking, Blockchain, Business, Cryptocurrency, General, News, Technology, UncategorizedTags , , , , , Leave a comment on Ripple Investors Could See Higher Highs, as New xRapid Partner Confirmed

Living and working far from home can be a challenge to many people. Sending your loved ones money should not be a hassle anymore with the launch of xRapid. Ripple’s xRapid is the solution to making cross border transactions because of its transfer speed and cost efficiency. Therefore, many companies are looking for ways to … Continue reading “Ripple Investors Could See Higher Highs, as New xRapid Partner Confirmed”