Economy Fights Crisis With Cheap Borrowing, Can Bitcoin Take Over? | NewsBTC

The third-largest bank in Denmark, Jyske Bank, now offers a 10 year fixed rate mortgages at -0.5%. This means customers will pay back less than the amount borrowed. Mortgage fees are still payable, likely negating any benefit to borrowers, but some see this unprecedented move as indicative of a troubled economy.Economy In CrisisIndeed, the European banking sector is in decline, as...

Cryptocurrency Regulations: The Good, The Bad And the Future

In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks.These standards were also affirmed by the G20 in June. A collective agreement was made to apply the rules at the G20 meeting in Fukuoka, Japan and communicated by the...

Colu May Buy Back ICO Tokens in Pivot Away From Blockchain

Blockchain startup Colu is eliminating blockchain from its business plan. Citing regulatory uncertainty, technical challenges and growth in non-blockchain related opportunities the company is concluding its blockchain project, the Colu Local Network (CLN), according to a statement. As part of the scale down, the company will repurchase approximately 54 million tokens sold during its $17 million ICO from those that participated...

Coinbase UK Dropping Support for Cryptocurrency Zcash

The U.K. arm of Coinbase appears to be dropping support for the privacy-focused cryptocurrency zcash. According to customers, Coinbase UK is sending letters out warning people that they will need to convert their zcash (ZEC) holdings, or remove them to an external wallet, by Aug. 26. @zcash @ElectricCoinCo @coinbase what’s going on with Zcash in the UK? pic.twitter.com/6GWS9CuIoH — Alex (@deskofwilkes) August...