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Bitcoin/Banking

Lottery-linked savings accounts new trend in Islamic banking

(MENAFN – Gulf Times) Savings accounts offered by Islamic banks linked to a lottery or a raffle on top of profit-sharing payments are becoming increasingly popular in the industry as a product to attract new retail customers, particularly in times of low profit levels. A so-called prize-linked savings account also called lottery-linked savings account is an incentivised savings account where ...

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Experts: Bitcoin Will Take Down Gold, Fiat Currencies

A pair of cryptocurrency and blockchain industry insiders made some bold predictions about the disruptive potential of blockchain technology in recent days. On Saturday, founder and CEO of Block.one Brendan Blumer tweeted that bitcoin may soon make gold obsolete as a store of value. Over the next two decades, <a href="https:… Bitcoin Search Results

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IBM A/NZ is assembling a 50-strong blockchain team

IBM A/NZ is assembling a team of 50 blockchain consultants and architects in Australia this year to work under its global services brand as the vendor finds more production use cases for the technology. Head of blockchain for A/NZ, Rupert Colchester, told iTnews that the global services team is in addition to other local blockchain resources, such as a development ...

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Kuwait Banking Association seeks deadline extension on hiring 70 % national workforce in sector

(MENAFN – Arab Times) ‘Dropout rate at local banks exceeds 35%’ KUWAIT CITY, March 19: The Kuwait Banking Association (KBA) has asked the Minister of State for Economic Affairs, Maryam Aqeel, to extend the date of national employment rate of an estimated 70 percent in banks to January 2020 instead of July 2019, reports Al-Rai daily. The Association said the ...

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Cboe to dump support for bitcoin futures contracts in June

Fifteen months after launching support for bitcoin futures, Cboe Global Markets today announced that it’s dropping them when the last existing contracts expire in June. The Cboe was the first exchange to list bitcoin futures and did so with much fanfare in December 2017. The XBT contracts gave the holder the ability to buy or sell bitcoin at a set price ...

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Regional banks must merge to meet tech challenges

Last month, the regional banks SunTrust and BB&T announced the largest bank merger since the 2008 financial crisis, one that would create the sixth-largest bank in the U.S. At the time of the announcement, some commentators interpreted the deal as the latest in a long tradition of regional players consolidating to gain scale and reach. But there was a larger ...

Read More »

Experts: Bitcoin Will Take Down Gold, Fiat Currencies

A pair of cryptocurrency and blockchain industry insiders made some bold predictions about the disruptive potential of blockchain technology in recent days. On Saturday, founder and CEO of Block.one Brendan Blumer tweeted that bitcoin may soon make gold obsolete as a store of value. Over the next two decades, <a href="https:… Bitcoin Search Results

Read More »

Regional banks must merge to meet tech challenges

Last month, the regional banks SunTrust and BB&T announced the largest bank merger since the 2008 financial crisis, one that would create the sixth-largest bank in the U.S. At the time of the announcement, some commentators interpreted the deal as the latest in a long tradition of regional players consolidating to gain scale and reach. But there was a larger ...

Read More »

Experts: Bitcoin Will Take Down Gold, Fiat Currencies

A pair of cryptocurrency and blockchain industry insiders made some bold predictions about the disruptive potential of blockchain technology in recent days. On Saturday, founder and CEO of Block.one Brendan Blumer tweeted that bitcoin may soon make gold obsolete as a store of value. Over the next two decades, <a href="https:… Bitcoin Search Results

Read More »

Kuwait Banking Association seeks deadline extension on hiring 70 % national workforce in sector

(MENAFN – Arab Times) ‘Dropout rate at local banks exceeds 35%’ KUWAIT CITY, March 19: The Kuwait Banking Association (KBA) has asked the Minister of State for Economic Affairs, Maryam Aqeel, to extend the date of national employment rate of an estimated 70 percent in banks to January 2020 instead of July 2019, reports Al-Rai daily. The Association said the ...

Read More »

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