Bank of England Cancels Stress Test for UK Banks, Too Afraid to Fail?
On Friday, the Bank of England (BoE) and the Prudential Regulation Authority (PRA) cancelled the 2020 stress test of eight major British banks and building societies, citing the...
HSBC Closes ATMs in Hong Kong, Bitcoin Fixes This
International banking giant, HSBC, has decided to lock down 19 ATM clusters in Hong Kong due to vandalism from protestors. Bitcoin is just one example of an alternative financial...
Bitcoin-Bashing Banking ‘Cartels’ Fined €1 Billion For Currency Manipulation
The European Commission has fined five banks, including the anti-Bitcoin JP Morgan, a total of over €1 billion for currency rigging. Traders clubbed together into...
HSBC Executes India’s First Overseas Blockchain Payment for Major Company
The British banking giant HSBC has reportedly executed the very first overseas financial transaction of Reliance Industries (RIL) to a US-based client using blockchain technology...
Blockchain Beyond Cryptocurrency and What It Could Mean for You
We often tell you that blockchain is the future of not just finance, but everything from social media, to shipping, to football. And it’s true that any industry which keeps...
Blockchain Trade Finance Platform Set to Launch In Hong Kong
A blockchain-backed trade finance platform is getting ready to be launched by the Hong Kong Monetary Authority and partners. The system currently stands as one of the largest examples...
IBM Lands Major Blockchain Deal With 7 Big European Banks
IBM (International Business Machines) has announced that they have been chosen by the Digital Trade Chain Consortium – 7 of the largest banks in Europe – in order build a...
HSBC Online Banking Outage Showcases Bitcoin Network Strength
Earlier today, the entire online banking platform of popular institution HSBC became inaccessible, leaving millions of customers without access to their finances in an online manner...
UK Bank Account Compensation Limit Decrease Heralds The Era of Plan Bitcoin
When even banks are not able to guarantee consumer funds safety in the event of a major economic shock, things are taking a drastic turn for the worse. Earlier today, an announcement...
NatWest And HSBC Payment Network Issues, Bitcoin Carries On Like Usual
If there was ever a doubt regarding how little innovation there has been in the financial sector over the past 50 years, the recent NatWest outage and HSBC payment issues are a fine...