Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’

On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower the threshold for charging negative interest on deposits from DKK 100,000 to […]

Digital Dollar Project to Carry out First US CBDC Tests

Coinspeaker Digital Dollar Project to Carry out First US CBDC Tests The first of its kind digital currency in the history of America is set to be launched. The US non-profit Digital Dollar Project announced Monday to float pilot programs focusing on testing the potency of US CBDC usages. The Digital Dollar Project is the […]

In-Person ID Check To Become Mandatory For Bitcoin Exchange Users In Thailand

Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts. The government of Thailand will require local cryptocurrency exchanges to verify their customers’ identity in person using a “dip-chip” machine that registers identification cards. The country’s Anti-Money Laundering Office (AMLO) will be instituting in September, according to the Bangkok […]

pNetwork Partnered With Algorand to increase interoperability!

On Wednesday, April 27, the CEO of the Algorand Foundation announced that Algorand have officially partnered with pNetwork to enable users of the Algorand network benefit from the cross-chain interoperability that the pNetwork offers. The CEO, Sean Lee went further to mention that the collaboration is an exciting step in spurring a new finance model. […]

Bitstamp announces U.S. expansion amid 570% growth

The cryptocurrency exchange announced the expansion of its operations and services for the U.S. market today, in a bid to sustain its growth over the past years.According to the crypto firm’s latest report, their exchange has seen a 570% increase in new customers from the U.S., based on a comparison with figures from the same […]