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Posts Tagged ‘Bank’

Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the…

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Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new,…

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China’s Central Bank Seeks Digital Currency Specialists

The Chinese central bank, the People’s Bank of China (PBoC), has opened four positions for crypto-related professionals, according to a document published Wednesday, Oct. 10 on the bank’s website. Per the paper, PBoC is seeking two engineers at their Digital Money Institute with experience in blockchain and cryptography, security, and chip design. The bank wants…

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World Bank Group Chief Says Blockchain Has ‘Huge Potential’ After Bond Success

The president of the World Bank has said Blockchain holds “huge potential” and that “embracing technology” is essential to it meeting its aims. Kim: World Bank ‘Not Keeping Up’ Speaking at the joint annual meetings event with the International Monetary Fund (IMF) this week, World Bank president Jim Yong Kim mentioned both cryptocurrency and distributed-ledger…

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PBoC Is Seeking Blockchain Talent to Help Build Its Central Bank Crypto

The People’s Bank of China (PBoC) is looking to recruit blockchain tech and legal experts as it continues development of its central bank digital currency. According to various employment ads posted on Tuesday, the central bank is currently hiring four engineers with expertise on system architecture, chip design, blockchain development and application, cryptography and security protocol…

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Wallet Provider Blockchain Hires Bank Exec for Global Regulatory Push

Crypto wallet provider Blockchain has hired a former bank executive to augment its legal team. Ben Melnicki, formerly Noble Bank’s chief compliance officer, has taken on the position of global regulatory counsel at the Luxembourg-based firm, Blockchain announced Thursday. In his new role, Melnicki will join Blockchain president and chief legal officer Marco Santori in…

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Summer Capital and Black River Invest in Swiss Crypto Bank Start-up

Swiss startup SEBA Crypto AG has received investments from major firms like Hong Kong’s Summer Capital and Black River Asset Management.  Summer Capital Stakes in SEBA Crypto AG Summer Capital, an asset management company from Hong Kong handling upwards of $1 billion, has taken a stake in a Swiss-based start-up called SEBA Crypto AG. The…

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Bitfinex Attempts To Prove Solvency, Denies Exposure To Noble Bank Woes

Cryptocurrency exchange Bitfinex denied what it called “rumors” and “allegations” about its alleged insolvency on October 7, revealing cold wallet balances in an attempt to prove its financial stability. ‘Bitfinex Is Not Insolvent’ In a blog post, executives hit back at “watchful ‘investigators’” who it says were “eagerly anticipating and predicting the industry’s collapse.” “Bitfinex…

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Italian Bank Consortium Trials Interbank Transfers On R3’s Corda

The second largest bank in Italy, Intesa Sanpaolo, and 13 other banks have successfully completed the first phase of an interbank reconciliation blockchain trial. The tests, which started on June 4, were held in conjunction with ABI Lab – a research lab supported by the Italian Banking Association (ABI) – and finished last week. The project…

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