Bank

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

</header> <strong>Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. </strong> Also read: …

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Banking Giant HSBC Set to Fire 10,000 More Employees

</header> <strong>The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago.</strong> Also Read: Bitfinex Braces for Imminent Lawsuit Alleging Tether …

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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

<header class=”article__header”> </header> <strong>The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India.</strong> Also read: …

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‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators

The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold. …

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German Bank Predicts BTC at $90,000 After Next Halving

</header> <strong>You wouldn’t expect a traditional financial institution to come up with a very optimistic forecast</strong><strong> about the future of a cryptocurrency or an honest appraisal of its design. But Bayern LB, a lender based in the rich German province of Bavaria, has surprised the crypto community. In a recently published research paper, the bank …

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Big Banks Won’t Touch Crypto Clients – But These Smaller Banks Will

</header> <strong>Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet. Smaller banks, however, are more willing to occupy …

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Crypto Banking Expands With Positive Interest Rates and New Services

</header> <strong>Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden …

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PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?

Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking …

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

</header> <strong>Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden</strong><strong> on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small …

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