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Bitcoin’s rivals multiply amid battle for dominance

It’s getting tougher and tougher to keep track of all the different versions of bitcoin. New iterations of the cryptocurrency are multiplying as disagreements over bitcoin’s design persist and opportunities for making a quick buck prove hard to pass up. The biggest offshoot, called bitcoin cash, appeared in August after it split from the bitcoin blockchain in a so-called hard ...

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Brexit may make BOE ramp up buffer for UK’s banks again

Bloomberg The Bank of England may increase a key financial safety measure for a third time because it’s worried that a combination of a disorderly Brexit and a global recession could be enough to put the brakes on lending. The central bank is going ahead with a planned increase in the countercyclical capital buffer to 1 percent from 0.5 percent, ...

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Paytm aims to become largest full-service digital bank in world

Bloomberg Paytm Payments Bank is targeting to become the world’s largest digital bank with 500 million bank accounts and aims to turn into an integrated financial services company that offers everything from wealth management to share trading. “We are unveiling our money market fund, launching our debit card and we’ll have the capabilities to allow enterprises to open business accounts,” ...

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