High Archives -
The younger brother of Nikolas Cruz has been arrested for riding his skateboard across the campus where his brother killed 17 students and staff. Zachary Cruz, 18, was arrested and booked into jail Monday night for trespassing at Marjory Stoneman Douglas High School, where he is a former student, USA…
A man who was preparing to reach out to his fellow Iowa high school graduates for their 60th reunion was surprised to find that the entire class of 1958 is still alive. Del Matheson would have been downright shocked had he known the exact odds at the time that all…
The younger sibling of alleged Florida shooter Nikolas Cruz got busted by cops for venturing onto the school grounds where his brother is accused of going on a killing rampage. Zachary Cruz was arrested Monday by Broward County Sheriff’s…
Trump’s White House ain’t playin’ when it comes to March Madness — so says Deputy Press Secretary Raj Shah, who tells TMZ Sports a “very high stakes” pool is ON for the tourney. You might remember — Donald caused quite a stir last year when…
Wall Street got exactly what it wanted from Friday’s jobs report: solid hiring, moderate wage growth and continued low unemployment. Investors sent stocks sharply higher, particularly their recent favorites — technology companies.
U.S. employers added 313,000 jobs in February, more than forecast,…
A student was fatally shot Wednesday at an Alabama high school, AL.com reports. The Birmingham City School system says the shooting happened during dismissal at Huffman High School. Two students and an employee were injured. One student is in critical but stable condition; the other died on the way…
A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading.
Rabobank Investigates the Idea of Introducing a Cryptocurrency Wallet to Its Online Banking Environment
This week the Dutch institution, Rabobank, the second-largest bank in the Netherlands in terms of total assets revealed it may introduce a cryptocurrency wallet called “Rabobit.” The wallet idea is one of 22 concepts introduced in Rabobank’s internal Moonshot acceleration program. At the moment the idea is to host a cryptocurrency wallet that’s tethered to the company’s online banking environment. Rabobank says right now company employees are researching the benefits and risks tied to implementing a digital currency wallet.
“The idea of Rabobit is a cryptocurrency wallet within the online banking environment,” explains the Dutch bank.
The employees who are currently investigating this initiative approach clients for this, both in person (street research) and via the website.
A Messy Banking Past
Rabobank also has a history of paying fines for unethical banking practices. In 2013 the bank paid a $ 1 billion fine for “unscrupulous trading practices” that were associated with the LIBOR scandal. The bank’s California unit just got into trouble this year when regulators investigated alleged money laundering associated with Mexican drug sales and organized crime. Rabobank agreed to pay $ 369 million to settle the money laundering allegations.
The Dutch institution’s webpage says if the wallet is launched it will be hosted by a trusted party and within the secure online banking environment. Further, customers can get insight to an investor’s overall liquidity by utilizing both banking and cryptocurrency accounts all in one place.
Rabobank Recently Declared Customers Who Trade Bitcoins ‘High Risk’
Even though Rabobank has launched the cryptocurrency wallet website the company says the idea hasn’t been fully established yet and the company is researching to see if demand exists.
“Rabobit has not yet been realised, there is still no official decision to introduce this. As soon as more info follows, we will communicate this,” a Rabobank representative on Twitter explains yesterday.
Just recently Rabobank warned that customers who trade bitcoins using their accounts were dealing with certain risks. Further, account holders who trade cryptocurrencies would be classified as “high risk” customers.
“Bitcoins are considered to be risky products. Customers who trade in high-risk products can have a higher risk profile. It is conceivable that companies that deal with cryptocurrencies are seen as too risky and can therefore not be accepted as a customer,” Rabobank stated on February 2.
Ownership and value transfer are completely anonymous and evade supervision by third parties, such as a government. Which means that cryptocurrency does not meet the highest standards of compliance set by Rabobank.
Even though the bank representatives state there is no official decision to introduce the wallet just yet, it seems the company is changing its mind about cryptocurrencies, and may be friendlier toward the technology in the near future.
What do you think about Rabobank back peddling on recent statements about bitcoin risks and then announcing the possibility of creating a cryptocurrency wallet? Let us know in the comments below.
Images via Rabobank building, logo, and the Rabobit website.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet appeared first on Bitcoin News.
Police officers responded Wednesday to a Georgia high school after reports of shots fired and a teacher barricaded in a classroom, authorities said. Police in Dalton tweeted that the teacher was in custody and no children were ever in danger, the AP reports. A student apparently suffered an ankle injury…
Over the past few years, colleges and universities all over the world have been creating courses revolving around cryptocurrencies and blockchain technology. Now the subject is slowly infecting the halls of high school students who want to learn about these emerging technologies. Because of the increased student interest, this week a Business and Personal Finance teacher from Union Catholic High School in Scotch Plains, New Jersey announced plans to add the topic of cryptocurrencies to his course next semester.
Younger Generations Are Becoming Very Interested In Bitcoin
Students all over the world are interested in cryptocurrencies and the subject is being taught throughout many college campuses. However, the trend is starting to find its way into high school classrooms as younger scholars are fascinated by this technology. Just recently news.Bitcoin.com reported on a high school in Brisbane Australia where students had such an interest in bitcoin that it prompted students to create a cryptocurrency information night. This week the students at Union Catholic High School in Scotch Plains, New Jersey are also curious about digital currencies and the school’s Business and Personal Finance class plans to add cryptocurrencies to the course next semester.
If One Student is Talking About it, Many of Them Are
Mr. Tim Breza’s business course is an elective class that teaches subjects like personal finance techniques, entrepreneurship, investments, and more. Mr. Breza’s course designed for juniors and seniors at Union Catholic will soon discuss blockchain technology, cryptocurrency, and the history of cryptographic innovation. According to Mr. Breza, a few students began talking about bitcoin and other cryptocurrencies. They asked the teacher his thoughts on the subject and asked if he knew about bitcoin.
“If one student’s talking about it, many of them are talking about it,” Breza said. “So I figured we needed to include it,” explains Mr. Breza.
I am very excited that the students and Union Catholic are being exposed to this… and that the UC administration supported teaching this to our students — Not too many schools are even thinking about teaching about cryptocurrency. We’re not teaching it in the sense that you have to invest in it, we are just giving the facts of it. Blockchain is the key to all of this. That’s the revolutionary piece to it.
The Next Step of Teaching What the Future of Investments Will Be
Scholars at Union Catholic (UC) are taking a liking to the new course idea, and some of them have previously invested in cryptocurrency. Max Berg, a junior from UC purchased BTC last year and cashed out just before it hit $ 20K.
“UC is always on the edge of new technology with our laptops and other things, so this is just that next step of teaching what the future of investments are going to be,’’ said Berg.
It’s been a hobby of mine for years now, and it’s cool to see how big it has gotten, and that the school is open to teaching about it is great.
Many other students at UC are excited about the cryptocurrency course and believe the school and the 28-year old business teacher are looking toward the future. UC senior Thomas Monahan says, “The teachers and administrators at Union Catholic always find ways to give us an edge and help us learn and make us better than other high schools.’’
“They teach us valuable things about life, things that will help us in the future,” Monahan adds.
What do you think about Union Catholic and Mr. Breza introducing a bitcoin and cryptocurrency lesson in his business and finance course? Let us know what you think in the comments below.
Images via Shutterstock, CNBC, and Union Catholic.
Need to calculate your bitcoin holdings? Check our tools section.
Ace Clearwater Enterprises needs to hire four welders.
The South Bay aerospace company could also use three more machinists, as well as four specialists who use 7-ton drop hammers to form metal parts for fighter jets.
But filling those positions is tough. Many young Californians are going to college,…