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From Banks To Funds To Brokers, Everyone Outside of Crypto Is Talking Bitcoin Today

After Bitcoin’s meteoric rise to its all-time high price of $20,000 back in December 2017, the first ever cryptocurrency has given investors, traders, and mainstream media more than enough reason to criticize the crypto, call it a bubble,…
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Banks are Better than Bitcoin (When It Comes to Money Laundering)

On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto…
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Another Plus One For Crypto: Morgan Stanley Fined For Failing to Detect Money Laundering

Major banks are often spewing anti-crypto rhetoric over its potential to be used for money laundering. So it is a little ironic when one of the world’s largest banks gets fined for not doing enough to prevent or detect it. $10 Million Fine…
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Ping An’s New Pitch for Blockchain: Shared Ledger, But Banks Keep Clients

Ping An, the Chinese insurance giant that built the eTradeFinance blockchain, is modifying the platform to give its 12 participating banks more control over customer relationships. Frank Lu, head of the blockchain division of OneConnect, PingAn’s…
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14 Italian Banks Complete Interbank Transactions on R3 Blockchain Corda

A consortium of Italian banks has successfully completed the initial trial of a blockchain-based system aimed at enhancing interbank operations. Known as the interbank Spunta Project, the 14 banks chose the Corda distributed ledger technology…
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Brazil Moves to Probe Banks After Crypto Exchanges Denied Services

Brazil’s antitrust watchdog is investigating whether the major banks in the country worked together to close off access to cryptocurrency services. The Administrative Council for Economic Defense (CADE), an official wing of the Brazilian…
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Indian Government Approves Bank’s Blockchain Research

The Republic of India may be taking a deeper look at how it can use blockchain technology. India’s Union Cabinet – an executive decision-making body composed of senior government officials and led by Prime Minister Narendra Modi – said…
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Business Owner of Crypto Generating Bike Has Accounts Frozen by Barclays and HSBC

Barclays and HSBC have allegedly blocked three accounts of a U.K.-based electric bike retailer for having traded Bitcoin for cash through a popular P2P trading platform hours earlier. The alarming situation comes five months after crypto exchange…