Credit

The Australian Bank of Queensland has put a ban on all property buyers using home equity to purchase cryptocurrencies, according to Financial Review on July 12. The Bank of Queensland is so far the latest financial institution to ban credit lines from loans in making leveraged purchases or used in crypto trading. The bank provided an acceptable explanation for the ban with the significant high-risk of these type of investments, showing that even though leveraged currency trades can be more profitable, a bad taken investment decision could turn out decimating.

The government of Japan has noted that significant credit agencies will compute the users of cryptocurrencies to stop the usage of digital assets in money laundering got from illegitimate operations, just after revealing the plans to crackdown unknown cryptocurrencies such as Monero, Zcash and Dash.

Government and non-government banking institutions around the world have started to look into blockchain technology. Chinese representatives of the financial market can’t stay aside, with retail giant Suning developing a blockchain-based program for recording clients with bad credit history.

Blockchain technology behind cryptocurrencies such as bitcoin has been a topic of great interest for many financial institutions. Billion and the Polish Credit Office (Biuro Informacji Kredytowej – BIK) have decided to apply the new financial technology to storing data.

RAD Lending is announcing it’s Pre-ICO, the RAD tokens will be available to all investors, including U.S. accredited investors. The proposed RAD products include a p2p crypto-secured lending platform with revenue profit sharing, a crypto-backed card with a credit limit, digital credit scoring and credit history, and a potential decentralized blockchain-agnostic escrow service for managing security deposit across various blockchains.

Paybis, the state-of-the-art, advanced crypto asset exchange platform with low fees and an extensive selection of crypto offerings, has announced an exciting new offer for all users. The UK-based exchange is now offering a massive 50% discount on all high volume orders on the platform.

Cards and crypto don’t mix very well at the moment. There’s been a lot of trauma in the space but before looking at that and the solutions it requires, why does the crypto industry need credit or debit cards in the first place?

Apple co-founder and technology genius Steve Wozniak revealed at the Economic Times Global Business Summit, that someone had stolen a handful of bitcoins from his account. According to Wozniak, seven bitcoins were bought from him, but the transaction was then immediately cancelled.

The CEO of Bank of America, Brian Moynihan, appeared to have invested a tremendous amount of money in the blockchain technology behind Bitcoin. He also revealed at The Economic Club of Washington DC that the bank already has 40 patents in this new fast-growing financial technology.