BitcoinInsider

Germany's central bank, the Deutsche Bundesbank, has conducted a survey of banks charging negative interest rates on customer deposits. Some are charging retail customers as well as corporate clients. An independent price comparison portal shows which banks are currently charging for deposits and how much they are charging. Central Bank Survey A growing number of German banks are passing on the burden of negative interest rates to their customers as the European Central Bank (ECB) continues to maintain a negative interest rate policy (NIRP). The current ECB deposit rate is -0.5%, the lowest on record. "Many banks in Germany have introduced negative rates on deposits," the Deutsche Bundesbank wrote in its November monthly report after conducting a survey of 220 banks at the end of September regarding their negative interest rate policies. The central bank believes that the surveyed banks constitute a representative sample of the overall sector, thereby allowing it to make ...

This week members of the Bitcoin Cash (BCH) community donated funds to Eatbch South Sudan volunteer Thiong Deng so he could spread the word about the benefits of BCH at the Young African Leaders Summit. According to Deng, his journey to Uganda and Ghana has been fully funded which includes flight, hotel, visa costs, and a ticket to the event. Eatbch South Sudan Volunteer Heads to the Young African Leaders Summit Eatbch is easily recognized as the Bitcoin Cash community's most favorite charity because the nonprofit organization has been using BCH to help people throughout Venezuela and South Sudan. People can follow Eatbch on Twitter and see how the "peer-to-peer electronic cash-to-food system" feeds families and children in need regularly. Just recently, the nonprofit published a new website called eatbch.org that shows the tremendous work being done in South Sudan and Venezuela. Moreover, the website's visitors can donate bitcoin cash directly to the effort so peopl...

The largest bank in Canada by market capitalization, Royal Bank of Canada (RBC), is reportedly opening a cryptocurrency exchange. Patents have been discovered that reveal some of the technology the RBC may implement, which could be used to bring digital currency trading to the bank's 16 million clients. The Royal Bank of Canada May Launch a Crypto Exchange A report stemming from the publication The Logic claims that the RBC is currently exploring the construction of a digital currency trading platform. Columnist Zane Schwartz wrote on November 11 that the bank will give customers the ability to invest and trade cryptocurrencies like BTC and ETH. The report reveals RBC is interested in creating funds with a basket of digital currencies as well. "The bank is also looking into letting customers open bank accounts containing cryptocurrency," Schwartz wrote. If the crypto trading platform comes to fruition then the Canadian bank will be the first financial institution in the c...

The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed "Globalisation and Digitisation of the Criminal Economy," and featured 200+ delegates hearing from representatives of organizations such as the Australian Federal Police, Singapore and New Zealand police, United States Department of Justice, and the Australian Criminal Intelligence Commission. The conference set out to address how to better seize criminal profits and face challenges to law enforcement presented by the darknet and cryptocurrencies like bitcoin. Addressing Crypto Crime Justine Gough, Acting Assistant Commissioner for the Australian Federal Police (AFP), stated that "Advances in technology, like cryptocurrency and encrypted communications have changed the way criminals acquire and hide their assets" and that "Seizing and removing the profits of crime is one of the most effective capabilities we have in impacting organised criminal netwo...