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Category Archives: Banks

Banks And Cryptocurrencies Global Evaluation: Europe

European leaders seem to have finally come to a consensus that the innovative technology underlying crypto-assets “has the potential to improve efficiency and inclusiveness of the financial system and economy more broadly,” as emphasized at the G20 summit in Argentina in March 2018. However, when

Bank Of America Seeks Patent On Blockchain-Based Data Storage System

On April 12, the US Patent and Trademark Office published Bank of America’s application for a patent on a Blockchain-based storage system with automated data authentication. In the document, which was originally filed in October 2016, the author describes a Blockchain-based system for authenticating data

NY Fed Economists: ‘Advanced Economies’ May Not Need Crypto

The Federal Reserve Bank of New York published an interview on their site Friday, Feb. 9, in which two of its economists explain cryptocurrency, highlighting crypto’s “trustless” nature, but expressing doubt that cryptocurrency could ever “realistically compete with current payment methods.” Michael Lee and Antoine

Korea’s Second Largest Bank Building Secure Crypto Wallet Services

In a substantially important announcement for cryptocurrencies in South Korea, the second largest bank in the country, Shinhan Bank, has announced that it is in the process of building cryptocurrency wallets for customers to store their digital assets securely. The report comes after Bithumb servers crashed in November, and