TL;DR: Westpac, Australia’s second-largest bank, was accused of 23 million violations of anti-money laundering (AML) laws by the country’s financial crimes agency, Australian Transaction Reports and Analysis Centre (AUSTRAC) in recent court filings. News of the allegations rocked the global legacy financial world, as AUSTRAC claimed the…
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TL;DR: The first-ever US Bitcoin mining initial public offering (IPO) is officially in the books. China-based mining rig manufacturer Canaan raised $90 million dollars, according to its press release. That’s a lot less than initially expected, and it has not been an easy road for the historic…
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Leaders from the countries constituting the BRICS bloc — China, Russia, India, Brazil, and South Africa — have discussed the creation of a shared digital currency that would be aimed at trade settlements and further moving the participating nations away […] The post Escaping the Dollar: China,…
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Amid the pain points around blockchain as a fledgling technology, skeptics and even some pragmatic proponents sometimes offer the refrain that “blockchain is a solution in search of a problem.” Reasonable people can disagree on that suggestion, but one thing […] The post Walmart, Nestle & Other…
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The movement for democracy in Hong Kong has continued into its fifth month. The tussles between the Hong Kong authorities and the protesters have become more violent, with both sides using escalating force to try and accomplish their goals. And […] The post Bitcoin Fixes This: Bank…
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After months of protests in Hong Kong, politicians have reportedly decided to shut down a bank account related to the anti-extradition law movement. Additionally, a bank in Iran was recently set on fire, and people in Lebanon still have trouble accessing their savings. With protests raging around…
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This is the second of four articles on the program and goals of Convergence - The Global Blockchain Congress. For more on the event, and to purchase a ticket, visit www.blockchainconvergence.com.   In the first article of this series, we introduced you to the motivations behind and goals…
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The partnership was established to offer customers the opportunity to invest in cryptocurrencies The post Swiss bank Dukascopy partners with the ZBX exchange appeared first on The Cryptonomist.
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PBoC makes statements about the technology The post People’s Bank of China: “blockchain solves financial problems” appeared first on The Cryptonomist.
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A partnership to protect the less fortunate The post Binance: insurance for women with Women’s World Banking appeared first on The Cryptonomist.
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