Germany’s largest financial institution Deutsche Bank had its Frankfurt headquarters raided by the local authorities under the suspicion of money laundering. While crypto continues to be targeted by the press for the alleged usage of decentralized systems by criminals, a growing number of banks are being investigated for processing payments for criminal organizations. On November
The post Deutsche Bank’s Money Laundering Scandal Underlines Poor Narrative Against Crypto appeared first on CCN
Japanese crypto firm FXcoin has recruited Deutsch Bank’s former foreign-exchange dealer, Yasuo Matsuda as a senior strategist for the cryptocurrency startup. According to Business Times. the Japanese cryptocurrency startup which was founded by Deutsch Bank AG veteran, Tomoo Oshi, hired the alumnus of the German lender to furnish the startup with daily reports on market
The post Japanese Crypto Firm Snaps up a Deutsche Bank Heavyweight for Strategist Role appeared first on CCN
This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance Vs. Deutsche Bank Binance surpassed Germany’s largest and one of Europe’s biggest banks in profitability. Binance,
The post Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche appeared first on CCN
Digital payments can deliver better immediacy and ubiquity than traditional retail payment systems and, therefore, could revolutionize payments, according to a recent Deutsche Bank research paper. The paper, titled “Instant revolution or payments? The quest for real-time payments,” recognizes bitcoin and the blockchain as playing an important role in payment technology as the need for real-time payments expands. In tackling the complex topic of instant payments, the paper reviews the different definitions of instant payments and establishes what it considers a good working definition. The European Central Bank (ECB), for instance, defines an instant payment as the real-time crediting of […]
The post Deutsche Bank Explores Outlook For Instant Payments & Blockchain Brings Options appeared first on CCN: Financial Bitcoin & Cryptocurrency News.