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The OCC to let national banks provide crypto custody services!

23 Jul 2020 1 minute read 0 comments AWANKASH

According to a public letter from Senior Deputy Comptroller and Senior Counsel Jonathan Gould any national bank can hold cryptographic keys for their clients. This marks a new era for cryptocurrencies, because before that was only allowed to a speci...

Why are Western central banks dropping gold?

16 Jul 2020 1 minute read 4 comments patou

Because gold is a universal reserve currency competing with their monkey currencies. (monkey money is an expression that designates a currency that has no real value.) If gold moved on a free market, it would determine the value of currencies. Centra...

Why Banks Continue To Block Cryptocurrency Transactions

13 Jul 2020 3 minute read 0 comments PassionCryptodotcom

The COVID-19 crisis has brought many new users into the world of cryptocurrencies. However, one of the main concerns of users is whether their bank cards can be blocked due to the purchase of a cryptocurrency or when withdrawing funds from a crypto a...

Slow-and-Steady Might Be Paying off for Banks

12 Jul 2020 1 minute read 0 comments FinRev

Most of us are familiar with the fable about the tortoise and the hare. A slow-moving turtle challenges a speedy rabbit to a race. The hare sprints off from the starting line, leaving the tortoise in his literal dust. Feeling overly confident about w...

Why banks block cryptocurrency transactions

10 Jul 2020 3 minute read 1 comment Kluma

Due to the desire of people to protect their savings during the crisis, interest in bitcoin is growing. A study by The Tokenist found that 45% of respondents from 17 countries prefer to invest in bitcoin rather than in stocks, real estate or gold. Fo...

Why Choose Crypto instead of a Savings Account?

9 Jul 2020 4 minute read 0 comments rah

Yesterday I was feeling pretty happy with myself as I capitalised on the sudden and dramatic increase on Chainlink's (LINK) sudden record breaking surge. While my profit wasn't huge as I 'cashed out before it hit its peak I was satisfied with a retu...

The Application Connects Bitcoin And Lightning Payments Directly To Your Bank Account

7 Jul 2020 1 minute read 1 comment PassionCryptodotcom

Jack Mallers, developer of the Zap Lightning wallet, announced their new application for iPhone, Android and Chrome on July 2, which allows users to send and receive Bitcoin (  BTC  ) and Lightning Network payments  directly from and to a bank accoun...

How Cryptocurrency Silently Wins War For Instant Payment

30 Jun 2020 3 minute read 1 comment PassionCryptodotcom

This is a telling description of the payments industry when Bloomberg's September 2019 panel discussion, The Future of Payments, pointed to an "era of instant gratification" where people expect payments to be " invisible and painless ”. The fact that...

Indian Banks Reluctant To Adopt Cryptography Industry, Although It Is RBI Consent

29 Jun 2020 2 minute read 1 comment PassionCryptodotcom

The Reserve Bank of India (RBI) reversal of the outright currency ban on Crypto March was a gift to the flourishing Indian Crypto-industry. The emergence of new exchange platforms in the country has stimulated the steady and healthy growth of the ind...

Banks being banks

26 Jun 2020 1 minute read 0 comments Simplify Crypto

Today we will comment an event that happened at 18th June in Brazil.The Animal rights activist Luísa Mell received a donation of 50€ ( R$284) from a person that lives in Europe and the moment he converted to reais for the purpose of buying things for...