Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work

Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s block rewards fall to zero — given that only a limited number of new Bitcoin will ever be created — transaction fees alone will not be able to sustain mining expenses. The argument implies that the Bitcoin network would become so slow that it would be virtually unusable, stating…….

Source: Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work

Reserves Bank of India shelves central bank digital currency plans – Report – TokenPost

The Reserve Bank of India (RBI) has reportedly shelved its plans to launch its own digital currency, according to The Hindu Business Line.The RBI had revealed its plans about central bank digital currency (RBI) in…

Source: Reserves Bank of India shelves central bank digital currency plans – Report – TokenPost

Dutch Banking Group, ING Eyes Blockchain-Based Initiatives in 2019

https://www.pivot.one/share/post/5c271191595ce7166df14e66?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

6 Cards Currently Offering Welcome Bonuses of 100,000 Points or More – Ethan Steinberg

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This business card is offering a staggering 200,000 miles with its current sign-up bonus — but you’ll need to do some serious spending to earn that full amount. You’ll earn 50,000 miles when you spend $5,000 in the first 3 months, and another 150,000 miles after you spend $50,000 in the first 6 months. Clearly, this offer is tailored to established businesses with significant expenses that can easily meet that $50,000 spending requirement. But if your company’s able to meet both tiers of spending requirements, you’ll walk away with a stellar 300,000 miles, factoring in the additional 100,000 miles you’ll earn by spending $50,000, since the Spark Miles card earns 2x on all purchases…………….

 

 

 

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A Sad Story Of A Failed Russian Bank And Its Toxic Aftermath – Kenneth Rapoza

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Promsvyazbank, better known as PSB, is the latest post-Soviet lender to get taken over by the Central Bank of Russia (CBR), and now faces shareholder suits in London and Moscow. PSB is one of the 10 largest banks in Russia, as they still describe themselves on their website. PSB was delisted from the Moscow Stock Exchange on Jan. 11, 2018 and later this year recapitalized by the government to service the defense sector…….

Read more: https://www.forbes.com/sites/kenrapoza/2018/09/27/brotherly-heist-a-sad-story-of-a-failed-russian-bank-and-its-toxic-aftermath/#483e8140186b

 

 

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Is Artificial Intelligence Replacing Jobs In Banking – Vishal Marria

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Over the past 12 months, the banking industry has become increasingly excited about AI. Virtually every leading consultancy has published research on the impact AI will have on the sector and investment continues to pour into developing innovative solutions. But, alongside all the buzz comes the inevitable concern that the implementation of this technology will reduce the need for actual human workers. The notion here is simple – if a bank can automate a process then surely they don’t need a human to do it….

Read more: https://www.forbes.com/sites/vishalmarria/2018/09/26/is-artificial-intelligence-replacing-jobs-in-banking/#63e9c0fa3c55

 

 

 

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