November 30, 2017 11:15 PM A member of the ECB’s executive board has urged banks to implement instant payment systems, lest customers grow to prefer alternative services and move away from patronizing banks. Yves Mersch, who sits on the European Central Bank’s (ECB) executive board, said on November 30 that banks should hasten to develop […]
November 30, 2017 12:48 AM The director general of Mexico’s central bank has said that if a bill regulating FinTech activities is passed into law, it will establish a framework regulating institutions that store and transmit cryptocurrency on their clients’ behalves. The Law Regulating the Financial Technology Institutions (FinTech Law), which is currently pending approval […]
Remarks by Randal K. Quarles acknowledged cryptocurrencies and applying blockchain to payment systems. Instead of a central bank-created crypto, the Fed Vice Chairman implied he’s looking to private-sector banking to begin leveraging new technologies. On November 30, 2017, the Federal Reserve Vice Chairman Randal K. Quarles addressed those convened at the 2017 Financial Stability and […]
Update on the IRS Summons on Coinbase – The Court has issued an order directing Coinbase to produce specified documents for customer accounts with at least the equivalent of $20,000 in any one transaction type (buy, sell, send, or receive) in any one year during the 2013 to 2015 period. On November 28, 2017, Magistrate […]
News business and finance November 30, 2017 7:24 PM PwC, one of the world’s “big four” accounting firms, has received bitcoin in exchange for its services. The auditing and accounting giant PwC (formerly PricewaterhouseCoopers) has accepted an undisclosed sum in bitcoin from a client, according to a November 30 announcement. PwC Asia-Pacific chairman Raymund Chao […]
Ethereum has reached $500 for the first time on the strength of future plans and Indian markets opening up trading. Data from cross-exchange resource Coinmarketcap shows ETH currently trading around $525 at press time, topping new highs of $400 seen just six days ago. The moves echo those of Bitcoin, which has added proportionately similar […]
Having set fresh record price highs today, ethereum’s native token is looking to push higher. As per CoinDesk’s price index, ether (ETH) moved above $500 at 12:35 UTC and hit an all-time high of $522 soon after. Data from CoinMarketCap shows ETH has appreciated 8.74 percent in the last 24 hours. Stepping back a bit, this is a […]
According to a statement released on November 28, 2017, the prime minister of South Korea is concerned by the influx of young investors into cryptocurrency, which he worries could expose them to a life of crime. The folks at D.A.R.E. might have a new epidemic on their hands. At least, that’s the way it looks […]
Nolan Bauerle is a former researcher and writer for the Canadian Senate Banking Committee, for which he drafted a 2015 report on cryptocurrencies and blockchain technology. He currently heads CoinDesk research division. CoinDesk is today announcing the release of its latest deep-dive report on the state of blockchain technology and cryptocurrencies. The most recent of […]
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