How to get started with Bitcoin, a new financial technology
Bank of America and U.S. Bank were among the first to offer Bitcoin as a digital currency on Monday, bringing the total number of U.N.-approved cryptocurrencies to more than $4.7 trillion.Bitcoin, a virtual currency created in 2009 and currently worth $1.0 billion, was developed as a way to facilitate anonymous transactions that bypass traditional banking […]
A $1 trillion bank for the people?
Bankers from around the world are discussing how to fund a $1tn bank for all the people who can’t afford it, but the people’s bank is being developed by a group of entrepreneurs and billionaires who want to make it a reality.In a bid to raise capital to build a bank that can be built […]
The Westpac Bank is not a bank, the US Federal Reserve says
The US Federal Government’s central bank says it does not recognise the Westpac Banking Corporation, the Australian-owned bank that has been accused of a widespread culture of corruption.Key points:The US Federal government has labelled Westpac a “bank of convenience”It is the latest bank to be investigated over the financial crisisThe bank has not been charged […]
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