Can banks and cryptocurrencies work together?

banks, Salvador

Banks that refuse to work with cryptocurrencies are like bookstores that refuse to work with the internet. These are the words of Binance founder Changpeng Zhao. Banks have refused to work with cryptocurrencies since Bitcoin was founded, but it is starting to change slowly now. Let’s take a look at why these institutions are so

Banks and money laundering in cryptocurrencies – how do banks find out?

money, laundering

Money laundering is a crime and you probably have heard many times that banks do not trust cryptocurrencies precisely because of the fear of money laundering. But how can banks find out about this illegal activity? Let’s take a closer look. Why it matters If you have a bank account, you have certainly undergone KYC

You should not listen to central banks – here is why

central banks

You probably know how central banks work. Surely you also know what central banks want to do with cryptocurrencies. Yes, we are talking about regulations. Let’s take a look at why we should not listen to central banks. Central Banks and regulations Christine Lagarde, head of the European Central Bank, called the development of Bitcoin

Banks may face a huge crisis because of commercial real estate

bank, blockchain

Banks may face a major downturn in the foreseable future. The reason is that banks own a big part of commercial real estate. Let’s take a look at what can happen in a few months. Real estate investment Before the pandemic, many people invested in real estate because, although such investments are a bit lengthy,

Pandemic is telling us it’s time to adopt cryptocurrencies

pandemic

The difficult, pandemic period has tangled many industries and, above all, has damaged banks. This could lead to better acceptance of cryptocurrencies. Let’s take a look at the possible scenario of accelerated acceptance of cryptocurrencies. Efforts to recover We have already brought you reports on how the coronavirus caused significant bank losses or how investors

Banks could soon charge you for storing money there

banks, fees

It is possible that due to the measures that should start-up the economy, banks will charge customers fees for storing their money there. Let’s take a look on what this could mean for bank customers. Negative interest rates as an effort to save economy The pandemic has hurt the economy in many sectors. So banks

New scandal of the largest banks: their shares are falling

US Dollar, peníze, scandal

Large banks have been caught in a money laundering scandal. Criminals were allowed to launder money between years 1999 – 2017 to the amount of almost $2 trillion through these banks. Let’s take a look at what this could mean for cryptocurrencies and what we should learn from this situation. 18 years of laundering money

Week 39 – Overview of fundamentals and markets

invest, price, Bitcoin, week 40

Welcome to our new weekly brief of what is going on on the markets and what are expected events in week 39. It should help you with jumping back on track after weekend.  Fundamentals and expected events: week 39 Bank shares are falling sharply due to a new scandal around the world’s largest banks laundering

COVID-19 pandemic has hit the largest banks in the world hard

covid-19 pandemic

COVID-19 pandemic is still raging out there. It has caused many companies to close and many people to lose their jobs. It has shown us that our current system is broken. Let’s take a look at how the pandemic hit the largest banks hard. Everyone is losing money Everyone felt some kind of impact from

Bad debts could crush even major banks such as Deutsche Bank

banks

Banks are now facing difficult times. While some have not recovered from the last crisis, there is already a new one around the corner. Let’s see how the banks performed during the pandemic and what this may mean for them in the future. Problems are starting to pile The pandemic is still raging around the

Banknotes and fiat versus cryptocurrencies and Bitcoin – which is better

banknotes

It is hard to decide the battle. One praises banknotes and fiat and the other one is praising cryptocurrencies and Bitcoin. Let’s take a look at the comparison between them and what type of currency has advantages. Properties of money Money serves two main purposes. It is a store of value and means of exchnage.

Companies are turning to Bitcoin to protect themselves from inflation

week 43

Companies are seeking protection against economic crisis and inflation. What we told you many times about investing in cryptocurrencies or precious metals is now becoming a trend through companies. Let’s see what made big companies invest in cryptocurrencies. Huge year-on-year decline Banks around the world are facing declining equity performance. Pandemics, restrictions and economic downturns