News

Japan’s major bank will use ripple for payments to Brazil November 14, 2018

In yet another major milestone for the crypto industry, Japan’s biggest bank, MUFG, and Brazil’s Bradesco have signed up a Memorandum of Understanding in order to collaborate on creation of a new cross-border payment service based on ripple.

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SWIFT bans Iran. Iran speeds up crypto-rial November 14, 2018

SWIFT has officially ousted the Central Bank of Iran (CBI) from its financial system. In its turn, the Iranian government has expedited the launch of their own cryptocurrency, backed by rial.

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Lights out for crypto mining in China? November 14, 2018

The Chinese government has now begun to target cryptocurrency miners by threatening to cut companies’ power if they do not register with the Power Supply Bureau.

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Trader Joseph Kim faces jail time following cryptocurrency scheme November 14, 2018

In an order issued by the U.S. Commodity Futures Trading Commission (CTFC), Joseph Kim of Arizona has been ordered to repay over a million dollars he lost in a bitcoin and litecoin scheme in 2017 while facing 15-month jail time.

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Is Bank of America to operate a crypto wallet? November 13, 2018

The second largest bank in the U.S. was recently awarded a patent for secure crypto keys storage, which shows yet again its interest in the industry and the intention to dominate the market.

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