Digital Money Times

#1 Source For Bitcoin And Altcoin News

You are here: Home / Archives for Money

Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’

By Leave a Comment

A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s

The post Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’ appeared first on CCN

CCN

Permanent link to this post (73 words, estimated 18 secs reading time)

It’s Not Money! ‘Bank for Central Banks’ Slams Bitcoin [Again]

By Leave a Comment

Contrary to the notion among many crypto enthusiasts that bitcoin is a speculative investment with major upside potential, a stakeholder in the legacy financial sector has rubbished the value attached to digital assets, describing them as mere software algorithms with no utility. The verdict was given by the general manager of Bank for International Settlements

The post It’s Not Money! ‘Bank for Central Banks’ Slams Bitcoin [Again] appeared first on CCN

CCN

Permanent link to this post (73 words, estimated 18 secs reading time)

Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money

By Leave a Comment

Ten Years Ago The White Paper Changed the Way We Look at Money

On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash.

Also read: Coinbase Raises $ 300 Million, Reaching $ 8 Billion Valuation  Read more...

This is a preview of Ten Years Ago Today, the Whitepaper Changed the Way We Look at Money. Click Here To Read the full post

Want to Make Money as a Programmer? Learn Blockchain Development

By Leave a Comment

Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is still at an all-time high. According to Mehul Patel, the CEO of San Francisco tech talent recruitment firm Hired, the demand for the blockchain has increased significantly in the past several

The post Want to Make Money as a Programmer? Learn Blockchain Development appeared first on CCN

CCN

Permanent link to this post (73 words, estimated 18 secs reading time)

The US Is Sending Money Offshore by Bumbling Crypto Regulation

By Leave a Comment

sending money offshore

Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks and scams and investors getting duped out of money.

Diehard libertarians aside, most people agree that some kind of regulation–the right regulation–is necessary. Businesses, crypto or otherwise, can’t survive and prosper in an environment of uncertainty. They can’t attract investors if they’re not sure that what they’re doing is legal. And they can’t keep working on their innovative protocols if they’re afraid they might get shut down from one day to the next.  Read more...

This is a preview of The US Is Sending Money Offshore by Bumbling Crypto Regulation. Click Here To Read the full post

3 Ways Cryptocurrency Investors Can Adapt to Make Money in 2019

By Leave a Comment

cryptocurrency investors adapt

Cryptocurrency investors have endured an unbelievably tumultuous year but in spite of the markets dismal performance, there are still a few strategies investors could employ to make money in a down market.

[Editor’s note: This is a guest op-ed submitted by Julia Magas. The views expressed in this article do not necessarily reflect the views of Bitcoinist and are not intended as financial advice. The given article is an opinion piece for educational purposes only. ]   Read more...

This is a preview of 3 Ways Cryptocurrency Investors Can Adapt to Make Money in 2019. Click Here To Read the full post

UK Money Management App Emma Makes Crypto Push

By Leave a Comment

Millennial-focused money management startup Emma Technologies is expanding into crypto. The startup is behind the Emma app for iOS and Android, which is an artificial intelligence-fueled tool that until now has only supported financial institutions like HSBC, Bank of Scotland, Barclays and others, helping users to avoid overdraft fees, manage debt and save money. Now

The post UK Money Management App Emma Makes Crypto Push appeared first on CCN

CCN

Permanent link to this post (71 words, estimated 17 secs reading time)

Nordea Bank Accused of Money Laundering After It Banned ‘the Risky’ Bitcoin

By Leave a Comment

money laundering

In January this year, Nordea bank banned its 31,000 employees from buying Bitcoin and other cryptos. The bank, which is the largest in the Nordic region, termed Bitcoin as too risky and as having the potential to be used in crime. Nine months later, the bank has been implicated in an alleged money laundering scandal. According to a report by Finnish state-owned YLE publication, the bank has been accused of receiving dirty money from two banks in the Baltic States. This is just after another anti-bitcoin bank, Danske, was nabbed with similar accusations.  Read more...

This is a preview of Nordea Bank Accused of Money Laundering After It Banned ‘the Risky’ Bitcoin. Click Here To Read the full post

Biggest Bank in Nordic Region Bans Bitcoin, Gets Caught for Money Laundering

By Leave a Comment

Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks in the Baltics. Yle, a state-owned publication in Finland with over 3,500 employees, reported that finance authorities in Sweden received a report with

The post Biggest Bank in Nordic Region Bans Bitcoin, Gets Caught for Money Laundering appeared first on CCN

CCN

Permanent link to this post (75 words, estimated 18 secs reading time)

Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering

By Leave a Comment

Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank.

Nordea in Hot Water 

Banking giant Nordea Bank, headquartered in Helsinki, is alleged to have accepted criminally-sourced funds from banks located in Lithuania and Estonia.

The giant confirmed that it’s aware of the report on Tuesday October 16th:

We are aware of the report, and at Nordea we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units.  Read more...

This is a preview of Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering. Click Here To Read the full post

Emma Integrates Crypto Exchanges into Money Management App

By Leave a Comment

UK Money Management App Emma Adds Cryptocurrency Exchange Integration

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances.

Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage

New ‘Emerging Asset Class’

UK Money Management App Emma Adds Cryptocurrency Exchange Integration Emma has integrated several cryptocurrency exchanges into the app, including Coinbase, Bittrex, Binance, Bitstamp, Kraken and Bitfinex. With its latest development, users can view all of their cryptocurrency investments from multiple exchanges in real time using a single interface. The free app also allows U.K. consumers to look at aggregated information from their credit cards and bank statements, in addition to the cryptocurrencies and tokens they hold.  Read more...

This is a preview of Emma Integrates Crypto Exchanges into Money Management App. Click Here To Read the full post

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

By Leave a Comment

Court Refuses to Drop Money Laundering Charge Against UBS, $ 5.8 Billion Fine Looms

A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $ 5.8 billion. Its executives could also face jail time.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

UBS Wants Money Laundering Charge Dropped

Court Refuses to Drop Money Laundering Charge Against UBS, $ 5.8 Billion Fine LoomsThe tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation.  Read more...

This is a preview of Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms. Click Here To Read the full post

Cryptocurrency isn’t Real Money: Tongue-in-Cheek Google Ad

By Leave a Comment

Google has finally betrayed its true feelings on cryptocurrency. Well, maybe not, but a tongue-in-cheek advertisement for the search giant does take a few potshots at the nascent asset class. During the ad, which promotes Google’s new Call Screen service, one character, Abby, remarks that the other’s electricity bill is “super high.” That character, Teddy,

The post Cryptocurrency isn’t Real Money: Tongue-in-Cheek Google Ad appeared first on CCN

CCN

Permanent link to this post (70 words, 1 image, estimated 17 secs reading time)

Cashtippr Plugin Allows Money Button Integration on WordPress Sites

By Leave a Comment

Cashtippr Plugin Allows Money Button Integration With WordPress Sites

On Sept. 13, a new application called the Money Button launched, giving content creators the ability to embed bitcoin cash (BCH) payment buttons into websites. Not long after the release, a developer named Ekliptor published Cashtippr, a plugin that integrates the Money Button into WordPress-themed websites, so content creators can earn BCH tips.

Also Read: Electron Cash Developer Reveals In-Wallet BCH Fundraiser Prototype

A Revenue Incentive for Content Creators

A few weeks ago, news.Bitcoin.com tested the Money Button, but at the time there wasn’t a WordPress plugin available. Then soon after the Money Button launch, Ekliptor released the third-party Cashtippr application, which enables Money Button compatibility with the popular blog hosting service WordPress.  Read more...

This is a preview of Cashtippr Plugin Allows Money Button Integration on WordPress Sites. Click Here To Read the full post

Cryptocurrency Exchange ShapeShift Bites Back at Money Laundering Claims

By Leave a Comment

A Wall Street Journal report recently alleged that blockchain firm ShapeShift was one of the largest recipients of illicit funds. Now the firm hits back on the criticism. Posted on the company’s official blog, ShapeShift said that the overall article contains factual inaccuracies and has omitted significant details regarding how ShapeShift operates. The piece shows a misunderstanding of blockchain

The post Cryptocurrency Exchange ShapeShift Bites Back at Money Laundering Claims appeared first on CCN

CCN

Permanent link to this post (72 words, estimated 17 secs reading time)

Famed Endowment Manager Invests Yale’s Money in Crypto Funds.

By Leave a Comment

Famed Endowment Manager Invests Yale’s Money in Crypto Funds.

On October 5, 2018, an article published by Bloomberg stated that Yale University’s Investment Office, under the stewardship of famed manager David Swensen, has put an allocation toward Paradigm, a new cryptocurrency fund that has raised $ 400 million dollars. CNBC added onto the report by stating Yale had also invested in Andreessen Horowitz’s $ 300 million crypto fund prior to the fund’s capital raising close in June.  Read more...

This is a preview of Famed Endowment Manager Invests Yale’s Money in Crypto Funds.. Click Here To Read the full post

Nordic Region’s Largest Bank Nordea Suspected of Money Laundering

By Leave a Comment

Nordic Region’s Largest Bank Nordea Suspected of Money Laundering

Nordea, the largest bank in the Nordic region, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Nordea Suspected of Money Laundering

Nordic Region’s Largest Bank Nordea Suspected of Money LaunderingNordea Bank Abp (Nordea), a financial services group headquartered in Finland, is suspected of money laundering, Cph Post Online reported on Tuesday. The largest bank in the region is allegedly involved in money laundering that took place between 2010 and 2013 “in the bank’s now closed international branch for global clients in Vesterbro [in Copenhagen, Denmark],” the publication detailed, adding:  Read more...

This is a preview of Nordic Region’s Largest Bank Nordea Suspected of Money Laundering. Click Here To Read the full post

Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook

By Leave a Comment

People who have lost their entire savings to fraudulent bitcoin investment schemes advertised on Facebook are turning suicidal, Martin Lewis says. The U.K.-based consumer advisor, who runs MoneySavingExpert.com, blamed Facebook for causing the financial catastrophe by promoting scam ads on its trusted social network, many featuring himself. Lewis in April launched a lawsuit against the

The post Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook appeared first on CCN

CCN

Permanent link to this post (74 words, estimated 18 secs reading time)

‘Wildly Inaccuate’: ShapeShift CEO Denounces Wall Street Journal Money Laundering Claims

By Leave a Comment

Wall Street Journal

Cryptocurrency exchange platform ShapeShift formally hit back at what it called an “attack” on its business by the Wall Street Journal, which accused the platform of being involved in money laundering.

WSJ: ShapeShift Allowed $ 9M Money Laundering

In a blog post, CEO Erik Voorhees spelled out his distaste for the “false and absurd” content of the WSJ’s piece, which he revealed was the product of five months’ correspondence.

Titled ‘How Dirty Money Disappears Into The Black Hole Of Cryptocurrency,’ its authors accused ShapeShift of various transgressions, including its role in laundering $ 70,000 in such “dirty” funds.  Read more...

This is a preview of ‘Wildly Inaccuate’: ShapeShift CEO Denounces Wall Street Journal Money Laundering Claims. Click Here To Read the full post

Crypto News

Featured

Press Releases

ADVERTISEMENT

Loading data ...
Comparison
View chart compare
View table compare