On July 26, 2020, the total crypto market cap approached $300 billion as Bitcoin broke above $10,000 and Ethereum rallied 30% weekly, outperforming BTC significantly.
In 2019, banks globally announced nearly 60,000 job cuts, with Europe accounting for 90%. Deutsche Bank led with 18,000 layoffs. Low interest rates, trade tensions, and political uncertainty eroded bank profits. This article details the layoffs and their causes.
Belgian banking group KBC has unveiled its own blockchain-based token, 'Kate Coin,' with plans for a large-scale test among thousands of employees before rolling out to customers. The move signals traditional finance’s growing embrace of Web3.
Belgium's KBC Group has introduced a blockchain-based token called Kate Coin. Customers can acquire and use it through their KBC wallet and mobile app. The coin originates from its digital assistant Kate, aiming to enter the Web3 world and solidify its leadership in digital banking insurance.
KBC Group has introduced Kate Coin, a blockchain-based token designed for use within its banking and insurance ecosystem, with plans to expand from internal testing to a broader customer network.
KBC Group, a major European bank-insurer, has launched a blockchain-based token called Kate Coin. Initially tested by employees, the token will be available to customers via KBC's wallet and mobile app, operating first in a closed-loop environment before expanding.
Despite the 'Bitcoin is digital gold' narrative, over 30 gold-backed crypto projects have failed while 77 remain active. New tokens like Coinshares' DGLD and Tether's XAUT aim to disrupt physical gold, but face sustainability and centralization challenges, with trading volumes far below major stablecoins.
Over 77 blockchain projects claim to be backed by physical gold, but history shows 30 attempts have already failed. New entrants DGLD and XAUT aim to revive the concept, raising questions about centralization and sustainability.
