Bitcoin 

Iran Central Bank Branch Set on Fire, Crypto Community Follows Events

Iranian protesters have set the building of the Central Bank of the Islamic Republic of Iran in the city located in the city of Behbahan on fire, as the cryptocurrency community closely follows the developments. The official twitter profile of libertarian media company BeingLibertarian published a video of what is presumably a branch of Iran’s central bank in Behbahan, in the southwest of the country, being set on fire amid protests. Interestingly, the reaction to the tweet was overwhelmingly positive, with one user saying: “We might consider trying that here!!…

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Ethereum 

Regulated Swiss Crypto Bank SEBA Opens Doors

Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12. As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) in August of this year. A fully-fledged, regulated crypto bank According to the announcement, the bank’s services are now fully operational for a range of prospective clients, including corporates, asset managers and professional private investors. SEBA will…

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Bitcoin 

Canada’s Largest Bank Mulls Crypto Exchange After Bitcoin Ban — Report

A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange.  As innovation economy news outlet The Logic reported on Nov. 11, the Royal Bank of Canada (RBC) is now rumored to be considering the plans. RBC reportedly planning multifunctional exchange RBC is the largest bank in Canada by market capitalization, with $660 billion in assets under management.  According to The Logic, the bank is entertaining the possibility for the exchange to function both for investments and…

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Bitcoin 

Argentina Sets New Trading Record After Central Bank Bans Bitcoin Buys

Bitcoin (BTC) trading set new records in two of its most keenly watched South American markets last week, new data has revealed. As monitoring resource Coin Dance confirmed on Nov. 10, the seven days ending Saturday saw more trading against BTC than ever before in both Venezuela and Argentina.  Argentina: central bank accidentally increases Bitcoin popularity Venezuela Localbitcoins weekly trading history. Source: Coin Dance Argentina Localbitcoins weekly trading history. Source: Coin Dance The statistics cover peer-to-peer platform Localbitcoins, which despite increasing user identification demands continues to see patronage in the…

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Bitcoin 

Bitcoin ‘Is Not Real,’ Says Former European Central Bank Chief

Bitcoin (BTC) lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Chinese news outlet South China Morning Post reported on Nov. 10 that Trichet made remarks at Caixin’s conference in Beijing. “I am strongly against Bitcoin” During the event, Trichet also expressed doubt that cryptocurrencies could ever become the future of money. He said that Bitcoin lacks the characteristics of a real currency: “I am strongly against Bitcoin, and I think we are a little complacent. […] The currency…

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Blockchain 

Pro-Crypto Silvergate Bank Goes Public in Listing on NYSE

Shares of pro-crypto Silvergate Bank were launched for trading on the New York Stock Exchange (NYSE) on Nov. 7. Silvergate celebrates IPO day Silvergate Capital (NYSE:SI), a California-based commercial bank focused on digital currency businesses, is now officially listed on the NYSE, opening at $12.75, the NYSE tweeted Nov. 7. In conjunction with the event, Silvergate is celebrating its initial public offering (IPO) day today, according to the NYSE. The news follows Silvergate Capital Corporation’s announcement of the pricing of its IPO of 3,333,333 shares of its Class A common…

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Cryptocurrency 

uBUCK Signs Strategic Alliance Agreement with Deltec Bank & Trust

LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified independent financial institution that is based in The Bahamas. Deltec, which provides a range of private banking expertise, corporate and merchant banking capabilities, digital asset financial services, fund administration, investment management, and insurance solutions to its global clients, will…

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Blockchain 

China Signs Agreement With Hong Kong Central Bank for Blockchain Push

Blockchain has received fresh endorsement from China in the form of a development pact with the de facto central bank of Hong Kong.  In a news post on Nov. 6, the Hong Kong Monetary Authority (HKMA) confirmed it had signed a Memorandum of Understanding (MoU) with a subsidiary of the People’s Bank of China (PBoC). Central banks want “more convenient trade finance” The deal aims to create a Proof-of-Concept for a trade finance platform from Q1 2020, linking two existing projects: the HKMA’s eTradeConnect and the PBoC’s Trade Finance Platform. …

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Blockchain 

Huawei Signs Deal With Digital Currency Research Unit of China’s Central Bank

Multinational telecommunications and consumer electronics giant Huawei has signed a strategic cooperation agreement with China’s central bank, the People’s Bank of China (PBoC). According to a statement from Huawei’s WeChat channel on Nov. 4, PBoC deputy governor Fan Yifei attended the signing of a fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute at Huawei’s headquarters in Shenzhen. The announcement did not mention details regarding the agreement, or whether it includes joint research on blockchain technology or digital currencies. Huawei has not responded to Cointelegraph’s request for…

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