Tag Archives: banks

JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War

A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when such large scale transport is used for black market exchange. Especially ...

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Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks

The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. New chapters have been added to the saga over the last few months that are hurting ...

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BIS Chief Central Banks May Issue Digital Currencies Sooner Than We Think

The chief of the Bank for International Settlements has acknowledged that central banks will likely soon need to issue their own digital currencies. CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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IMF Predicts Central Banks to Issue Digital Currencies

The IMF says central banks are interested in digital currencies, and several countries may join Uruguay in testing out CBDCs soon Cointelegraph.com News

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IMF Predicts Central Banks to Issue Digital Currencies

n The IMF says central banks are interested in digital currencies, and several countries may join Uruguay in testing out CBDCs soonn CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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Forget the Banks: Digital Wallet and Virtual ATM Technologies Tap an Enormous Underbanked and Underserved Market

After more than 50 years of dominating retail banking, ATMs might finally be on their way out—and a new force of disruption pushing its way in. The global rise in mobile payment platforms such as PayPal Holdings (NASDAQ:PYPL)’s Venmo and Square, Inc. (NYSE:SQ)’s Cash app has led to a steady decline in automated teller machines (ATMs) around the world. This ...

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FT Facebook Hires Standard Chartered Banks Head of Public Affairs for Crypto Project

n Standard Chartered Banks head of public affairs Ed Bowles has reportedly been hired by Facebook to work on its cryptocurrency project dubbed Libran CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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14 Banks, 5 Tokens Fnalitys Expansive Vision for Interbank Blockchains

Fresh off a $ 63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project’s plan to tokenize fiat currency. CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

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