Just 19 days before the presidential elections in Ecuador, the candidates offer the country their government plans, and among them, cryptocurrencies stand out as a management proposal to strengthen the financial system of the Latin American country.
Giovanny Andrade, one of the candidates running…
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financial system
Gazprombank inaugurates its bitcoin transactions in a Swiss subsidiary
The third most consolidated bank in the Russian Federation, Gazprombank, has carried out the first transaction in bitcoin in its Swiss subsidiary, complying with all the demands of the financial system of the European country.
The…
Google plans to enter the banking ecosystem
The Internet giant has ambitious plans for 2020. The Google Cache project provides for the supply of checking accounts, to join other companies such as Apple, which have opted for banking and financial services.
Google informed through the…
German Finance Minister supports digital euro
Germany's federal finance minister, Olaf Scholz, said the digitization of the euro would be good for the European financial center while for private currency projects such as Libra from Facebook the head of the finance portfolio remains…
Alternative system to bitcoin mining will decrease energy consumption
The high consumption of electric power for the mining of bitcoin and its impact on the environment led a group of computer experts from the Federal Polytechnic School of Lausanne (EPFL) to work on an alternative cryptocurrency transaction…
Libra Association launches a reward program for the public
Facebook remains in the eye of the world's financial regulators, particularly the United States and Europe, since the announcement of the possible launch of "Libra", its digital currency.
This Tuesday it was announced through the official…
Crypto-crimes affect South Korea’s financial system
A recent report published in The Korea Herald, crimes with cryptocurrencies have increased to the point that they are causing severe damage to the South Korea financial system.
The publication includes the statements of the Minister of…
Holland deepens fight against money laundering
Dutch Finance Minister Wopke Hoekstra, together with Justice and Security Minister Ferdinand Grapperhaus, are fighting to reduce the risks currently associated with cryptographic currencies in the country as a crucial measure against crimes…
Nicaragua issues new banknotes in the midst of economic crisis
Nicaragua recently announced the issuance of new bills that will be incorporated into the national financial system starting next July 8. The Central Bank of Nicaragua (BCN) has just issued 500 and 1,000 córdobas bills - the national…
Huawei focuses on Latin America to launch its blockchain service
Chinese telecommunications hardware company Huawei studies the Latin American market as a scenario for the expansion of its blockchain service, according to a report recently published in Brazil.
It has been hinted that Huawei's products…
Venezuelans turn to the dollar as a means of payment
The population of the Caribbean country must face insecurity, delays in their routine activities, paralysis of the educational system and supply of gas, water and transportation due to recent blackouts In Venezuela.
Electricity cuts due to…
The United States may pay salaries in cryptocurrencies
Bitcoin could become the payroll currency for many companies in the United States thanks to the association between the Bitwage cryptocurrency payroll service and the Simply Efficient HR payroll and human relations firm.
Jonathan Chester,…