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As Bitcoin Sinks, Top ECB Banker Makes Bleak Warning Over Bitcoin ‘Bubble’

Bitcoin prices have sunk sharply over the last 48 hours, but that decline has not been enough to convince some that bitcoin is not overvalued and headed for a crash, with cryptocurrency skeptics speaking out against the fledgling industry. One such blow to bitcoin and the wider cryptocurrency sector came from Benoit …

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Blockchain hype, Mulvaney’s BCFP, pot banking: Top stories of the week – American Banker

Blockchain hype, Mulvaney’s BCFP, pot banking: Top stories of the week  American Banker Blockchain backers concede the hype is turning off bankers; Mulvaney’s CFPB name change could cost industry millions of dollars; the one banking bill … Source link

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We Have to Separate Bitcoin from Blockchain, Says Chinese Banker

As more and more institutionalized money movers try and make sense of the cryptocurrency revolution that is happening, many are calling Blockchain the game changer, trying to separate it from Bitcoin. In a world where banks have hegemony over money, there are many calls slating Bitcoin while boosting Blockchain as …

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Another Russian Central Banker Denounces Cryptocurrency – Forbes

Forbes Another Russian Central Banker Denounces CryptocurrencyForbesThe Exchange’s National Settlement Depositary is working with a Russian blockchain company called Wave to test drive cryptocurrency trading on the MOEX. Some Russian hedge funds are already offshoring trading in cryptocurrencies, and are investing in … Source link

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Credit Suisse Banker James Disney

Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ He cited as an example the use of the technology in the processing of private equity transactions using leveraged buyouts financed with debt. In …

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‘The sky is the limit’ for blockchain technology in banking: Credit Suisse banker

Wall Street may not be crazy about bitcoin, but it is intrigued by its use of blockchain technology. Today, a leveraged buyout that is financed with debt can take 20 to 30 days to close and settle, said James Disney, Credit Suisse’s global head of software investment banking. With blockchain …

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Central Banker Reveals Unlikely Next Act: Helping Merchants Mint Cryptocurrency

While the Bank of Russia has long been at the forefront of central bank cryptocurrency exploration, for Vadim Kalukhov, its recently departed director, exploration alone wasn’t enough. Instead, Kalukhov wanted to move faster than central banks typically do, experimenting and in turn, launching a product. So in May, Kalukhov left the …

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Ukrainian Central Banker: Bitcoin Is ‘Definitely Not a Currency’

Ukraine does not recognize bitcoin as a currency or as a medium of exchange, an official at the country’s central bank has said. “We can say that this is definitely not a currency, because there is no central issuer. And we cannot recognize this as a means of payment,” said …

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Morning Scan Happy 50th birthday, ATM; Cryptocurrency bloodbath – American Banker (subscription)

American Banker (subscription) Morning Scan Happy 50th birthday, ATM; Cryptocurrency bloodbathAmerican Banker (subscription)Receiving Wide Coverage … New to the Citi: Citigroup has hired Karl-Georg Altenburg, a former high-profile investment banker at JPMorgan Chase and Deutsche Bank, as a senior adviser. He joins a new advisory board that includes several senior …

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Bitcoin Shows What Banking Should Be: American Banker

American Banker, a daily trade newspaper that has been covering the financial sector since 1836, recently featured an analytical piece by its editor-in-chief Marc Hochstein entitled “How I missed the point of bitcoin,” to demonstrate how Bitcoin has shown what global banking should be. Fees and speeds In 2012, Hochstein …

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