The Big Debt Crisis: International Debt reached $184 Trillion, 22 from the US

We’ve all heard the phrase “too big to fail”. But what the Financial Crisis and events in 2008 showed us is that there is no such thing, especially when it comes to banks and Financial Institutions. The events from 2008 have also revealed the looming and rapidly-growing shadow of the global debt. Looking at data

Gazprom Banking Department Announces a new Crypto Trading Service for 2019

Gazprom Bank, the Russian bank’s Swiss division, seems to be working with two companies to implement crypto services to allow customers to deal with virtual currencies. The firms are Avaloq and Metaco and will be implementing a service allowing customers to handle cryptocurrencies without having to manage wallets or passwords. Gazprom to Launch Crypto Trading

CBDCs: Will Central Bank Digital Currencies Shape the Future

In the earliest days of crypto, banks and governments instantly discarded any talks about central bank digital currencies (CBDCs). As time went on, talks slowly began but unfortunately, had almost no room for consensus from either side. Moving on to the present, discussions about CBDCs are reaching a state of maturity. In fact, since the

Abu Dhabi Bank completed a $500 Million Bond transaction on Blockchain

Al Hilal Bank which is based in Abu Dhabi has just completed a record transaction on Blockchain. The Blockchain transaction was for an Islamic bond and it was worth around $500 million. The announcement which stated the that the bond is settled, came last week. Al Hilal is one of the strongest investment branches of

Silvergate Became the Biggest Crypto Bank in the World in Record Time

Silvergate Bank is currently the biggest bank for crypto startups in the world. This wasn’t always the case since not too long ago most people, especially investors, didn’t have the slightest clue that cryptocurrencies existed. Alan Lane, the CEO of Silvergate Bank bought his first bitcoin back in 2013. At the time, his bank was

Patent Won by Bank of America to Store Cryptocurrencies

The Bank of America received a patent that perfectly outlines the ability of major institutions to store cryptocurrencies, which are property of their customers. The US Patent and Trademark Office awarded the filing on Tuesday. It contends that enterprise-level institutions may be willing to store digital currencies for their customers if they reach a state

Financial Institutions are entering the Digital Currency Market

People know that financial institutions think of cryptocurrencies as arch enemies. But with the increase of opinions from financial advisors that the world is on the brink of another financial collapse because of inflation, maybe digital currency are the solution to some of the problems. Although not perfect, digital currency are still developing and will

Central Bank-issued Digital Currencies (CBDC): Even Banks don’t like them

It isn’t new that Central banks have negative views towards digital currencies. Though the interesting part is that they view central bank-issued digital currencies (CBDC) the same way. Earlier this month, Masayoshi Amamiya, the deputy governor of The Bank of Japan (BoJ) fully supported his negative stance from earlier this year. In April, the governor