Whistleblowing in the Bitcoin Community & Banks - What’s The Difference?
The finance industry and its banks have strict whistleblowing policies set in place. If an undisclosed individual attempts to exploit the weaknesses and fraudulent activities in a bank, its legal team and executives often seek the help of law enforcement to unravel the identity of the whistleblower. How banks do it. Currently, Barclays CEO Jes Staley is being invested by financial regulators from the Financial Conduct Authority (FCA) of the UK for attempting to unmask the identity of an employee who previously expressed concerns over the operations of Barclays and the conduct of a former....
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Banks find themselves in a very awkward position right now, as they are facing very stiff competition from various sectors and projects. Based on the findings of a recent UK bank study, there is a chance of losing close to 1 in 2 customers to alternative financial services. Even though the report does not mention Bitcoin specifically, the popular digital....
With Taro, payments are routed through Lightning, weakening stablecoins and opening up opportunities for community banks to connect users to a global audience.
The latest debate on Bitcoin scalability had Roger Ver and others arguing about whether SegWit is the right approach to expanding and scaling Bitcoin network. What’s the future of Bitcoin? That’s the question on top of the Bitcoin community members’ minds, especially with the whole scalability discussion still going on. One of the scalability solutions presented by the Bitcoin Core is SegWit. The Segregated Witness soft fork is expected to enable Lightning Network, which is already being worked upon by few developer groups. While some believe that SegWit and Lightning Network will ensure....
Central banks are paying very close attention to stablecoins, seeking to control them — and decentralization may be the solution. Over the last couple of years, we have seen a lot of interest from central banks and governments in the stablecoin market. The reason behind it lies in the development of central bank digital currencies, or CBDCs.The idea of issuing a digital alternative to cash is a great motivator for central banks. It allows them to gain more control over the transition and processing of cashless transactions, which are currently overseen indirectly through private payment....
650 U.S. community banks and credit unions serving some 24 million users will be able to offer the ability to buy, sell and hold bitcoin.