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Central Bank Of Sudan Urges Citizens To Steer Clear Of Cryptocurrencies Despite Economic Downturn
Sudan warns citizens against turning to crypto in times of economic difficulty. Pundits fear an outright ban may be in play. More and more people are turning to Bitcoin as an inflationary hedge. Sudanese state-controlled media reported a warning from the Central Bank Of Sudan (CBOS), advising citizens not to indulge in cryptocurrencies. The warning […] дальше »
2022-3-30 00:01 | |
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Bitcoin climbs to $41K and flippens the Russian ruble
The Central Bank of Russia reported the country's money supply was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion with the recent drop against the U.S. dollar. дальше »
2022-3-1 22:45 | |
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Russia to recognize Bitcoin as currency
According to a local news report, the controversy around the status of cryptocurrency in Russia is about to come to an end. The Russian newspaper Kommersant reported that the Bank of Russia and the government have now reached an agreement on crypto regulations. дальше »
2022-2-10 06:00 | |
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German online bank N26 rushes to launch crypto trading in 2022
German online bank N26, revealed its plans to launch crypto trading service this year and add equities brokerage after that, reported Financial Times. The post German online bank N26 rushes to launch crypto trading in 2022 appeared first on CryptoSlate. дальше »
2022-1-11 04:00 | |
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China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS
The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and the University in Chicago outlined what all the rush is about, and how will the arrival of digital yuan, also known as e-CNY or DCEP, affect the […] The post China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS appeared first on CryptoSlate. дальше »
2022-1-5 08:00 | |
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Bank of England warns crypto could threaten the established financial system
Deputy Governor for Financial Stability at the Bank of England (BoE) warned about cryptocurrencies such as Bitcoin rapidly reaching the threshold of mainstream adoption– worried about the ripple effect a sudden price correction could have on the established financial system, BBC reported. дальше »
2021-12-14 19:30 | |
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Deutsche Bank: Crypto is not environmentally sustainable
Over the past three years, the annual global energy consumption of crypto has increased fourfold and its market cap recently reached $1 trillion according to a research report by Deutsche Bank, CoinDesk reported. дальше »
2021-12-11 16:56 | |
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ECB promotes digital euro, calms fears
In December, the European Central Bank published a paper demonstrating why it’s a mistake to assume CBDCs and fiat money are subject to the same conditions, CoinFi reported. The authors of the paper pointed out that it’s a bad time for fees, yet raised the issue of whether the CBDC would be sustainable without a […] The post ECB promotes digital euro, calms fears appeared first on Invezz. дальше »
2021-12-5 17:05 | |
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Bitcoin Whistleblowers: More Fortunes To Be Made
Investors in Bitcoin have already made their fortunes, but for those who never bought in, becoming a Bitcoin whistleblower could be the next best thing. Just over a week ago, the Commodity Futures Trading Commission (CFTC) paid out $200 million to a whistleblower who reported Deutsche Bank for manipulating LIBOR. дальше »
2021-11-5 12:45 | |
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Marathon’s Bitcoin Holdings Grew Over 7k, Secures $100M Revolving Line of Credit with Silvergate Bank in BTC & USD
Crypto miner Hive reported HODLing 25,000 ETH and 1,030 BTC. It generated 221 BTC and 2,572 Ether in September, while Marathon minted 240.6 new BTC in the same month. The post Marathon’s Bitcoin Holdings Grew Over 7k, Secures 0M Revolving Line of Credit with Silvergate Bank in BTC & USD first appeared on BitcoinExchangeGuide. дальше »
2021-10-4 20:29 | |
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European Bank with $2.6 Trillion AUM Is Launching Crypto Custody Service
CACEIS, which has $4. 96 trillion in assets under custody, is nearing the launch of a crypto custody service, reported CoinDesk, citing two people familiar with the plans. The bank, which has $4. дальше »
2021-9-16 20:26 | |
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South Korea’s Largest Crypto Exchange Upbit Become the First to Apply for a License After Securing a Bank Account
Leading South Korean cryptocurrency exchange Upbit has become the first to apply for a license in the country, reported a local publication. The exchange also secured a bank account with K-Bank allowing it to officially accept Korean fiat (KRW) deposits and withdrawals. дальше »
2021-8-23 06:16 | |
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US Dept Of Justice Probes Tether Executives For Alleged Bank Fraud
Tether, the eponymous issuer of the USDT stablecoin, is on the hot seat with the U. S. Department of Justice. Bloomberg reported Monday that the DOJ is digging to determine whether or not the firm’s executives committed bank fraud years ago. дальше »
2021-7-27 00:13 | |
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El Salvador’s Adoption Of Bitcoin As Legal Tender Will Stress The Blockchain — JPMorgan Reveals Why
While many Bitcoiners have praised El Salvador’s decision to make Bitcoin legal tender on a par with the United States dollar, global investment bank JPMorgan Chase does not share their enthusiasm. Bitcoin Adoption By El Salvador Could Place Pressure On The Blockchain’s Network According to a report by the megabank on Thursday and reported by […] дальше »
2021-7-13 18:05 | |
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First CBDC Coming To Africa As Ghana Plans to Launch Pilot in September
The Bank of Ghana (BoG) will launch its central bank digital currency project’s pilot in September, according to the Bank’s First deputy governor, Maxwell Opuku-Afari. Modern Ghana, a local news outlet, reported that the deputy governor said the project is currently in its last phase of development, and implementation is expected to start in two […] дальше »
2021-7-13 18:02 | |
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Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust
A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission showed. BTC institutional watch: In an SEC filing today, First Midwest Bank Trust Division, based in Joliet, Illinois, reported holding 29,498 shares of Grayscale Bitcoin Trust as of June 30. дальше »
2021-7-9 13:00 | |
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Britain’s multinational bank will no longer allow card payments to Binance
Over the last week, a number of cryptocurrency users that were also customers of the British multinational bank, Barclays, reported issues with getting their payments to the crypto exchange Binance. дальше »
2021-7-6 13:00 | |
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Barclays Blocks Customers From Sending Funds to Binance
Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. дальше »
2021-7-6 08:30 | |
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U.K. Multinational Bank Barclays Blocks All Payments To Binance, Citing Notice From FCA
British banking giant Barclays is prohibiting customers from using their debit and credit cards to make payments to the world’s largest cryptocurrency by trading volume, Binance. Barclays appears to be sending text messages to their customers, informing them that the bank is halting payments to the crypto exchange until further notice, the Financial Times reported. […] дальше »
2021-7-6 00:18 | |
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U.S. Citizens Will Soon Be Able To Buy Bitcoin Across 650 Banks
A new deal with NCR and NYDIG has opened up a way for banks across the U.S. to offer Bitcoin buying options to their customers. Forbes reported that the deal would enable community banks including North Carolina-based First Citizens Bank and credit unions including Bay Federal Credit Union in California would be able to offer […] дальше »
2021-7-1 02:30 | |
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Bank of Israel steps up CBDC efforts with reported tests on Ethereum
The Bank of Israel has experimented with using Ethereum and nonfungible tokens for a pilot as part of its ongoing digital shekel research, a local report claims. дальше »
2021-6-23 12:40 | |
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Report: Goldman Sachs started trading Bitcoin futures with Galaxy Digital
Wall Street giant Goldman Sachs Group Inc (NYSE: GS) started trading Bitcoin (BTC/USD) futures with the help of Mike Novogratz’s crypto merchant bank Galaxy Digital, CNBC reported Friday morning. дальше »
2021-6-19 17:33 | |
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RBI governor “surprised” that Indian banks cited 2018 laws to block crypto users
Reserve Bank of India (RBI) governor Shaktikanta Das said this week the central bank has ‘no change’ with regards to its approach towards the crypto sector, local outlet Business Standard reported today. дальше »
2021-6-5 17:55 | |
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Bank of Japan governor slams Bitcoin, questions its usage in settlements
Bank of Japan governor Haruhiko Kuroda questioned Bitcoin’s use case during an interview yesterday, business news outlet Bloomberg reported. The post Bank of Japan governor slams Bitcoin, questions its usage in settlements appeared first on CryptoSlate. дальше »
2021-5-28 10:42 | |
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Citi Sees ‘Very Rapid’ Accumulation of Interest in Bitcoin — Contemplates Launching Crypto Services
Citigroup is reportedly seeing a “very rapid” accumulation of interest in bitcoin across a broad spectrum of clients, including large asset managers. The bank is now considering launching its own crypto services as a growing number of banks are offering bitcoin-related services to their clients, including Goldman Sachs and Morgan Stanley. Citigroup is reported considering […] дальше »
2021-5-9 03:30 | |
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ING Bank Says DeFi Could Be More Disruptive Than Bitcoin To The Financial Sector
CNBC recently reported that more American banks will be adopting Bitcoin, allowing their customers to buy, sell, and HODL through their bank accounts. This is according to Cryptocurrency custody firm NYDIG, whose recent partnership with Fidelity National information services could merge banks and Bitcoin into one space. дальше »
2021-5-8 21:16 | |
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Turkish Govt. Planning to Establish a Central Custodian Bitcoin Bank to Remove Counterparty Risk
Turkey is now planning to regulate its cryptocurrency market after two exchanges Thodex and Vebitcoin’s collapse in a matter of days. According to a senior official familiar with the plans, the government is planning to establish a central custodian bank to eliminate counterparty risk, reported Bloomberg. дальше »
2021-4-29 18:13 | |
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NatWest Bank Refutes Reports of Barring Customers from Dealing in Cryptocurrencies
A commercial bank in the U.K., NatWest, will bar clients who accept crypto payments, the Guardian reported on Apr 21. No Crypto Payment without Background Checks During an online shareholder, Morten Friis—who heads the bank Risk Committee, said cryptocurrencies like Bitcoin were “high risk” and that they were taking a cautious approach. Accordingly, they hadRead More дальше »
2021-4-23 11:01 | |
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Major UK bank NatWest won’t serve businesses dealing in crypto
National Westminster Bank (NatWest), a major retail and commercial bank in the United Kingdom, will stop serving any businesses that accept or otherwise transact cryptocurrencies, news daily The Guardian reported yesterday. дальше »
2021-4-22 13:00 | |
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Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb
American multinational investment bank Morgan Stanley is currently in talks to acquire a stake in top South Korean cryptocurrency exchange Bithumb, local news outlet Naver reported on Friday. The post Morgan Stanley reportedly looks to acquire stake in Korean exchange Bithumb appeared first on CryptoSlate. дальше »
2021-3-20 11:00 | |
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“Very Significant Demand for Digital Assets,” says BNY Mellon Investing in Crypto Custody Startup, Fireblocks
Bank of New York Mellon Corp. is investing in cryptocurrency startup Fireblocks that builds tools for the transfer and storage of cryptocurrencies, reported the Wall Street Journal — yet another move by a traditional Wall Street player to embrace crypto assets. дальше »
2021-3-19 22:07 | |
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Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act
The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector. дальше »
2021-3-18 19:31 | |
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US bank Morgan Stanley to launch three Bitcoin funds
Morgan Stanley will soon launch two Bitcoin-focused funds as demand for cryptocurrencies picks up among institutional clients, reported business outlet CNBC on Thursday, citing two people with knowledge of the matter. дальше »
2021-3-18 18:00 | |
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European Central Bank (ECB) Wants Full Control Of Stablecoin Issuance In Region
The European Central Bank (ECB) has requested EU lawmakers to confer bank control over the issuance of stablecoins within the region. Reuters reported today that the ECB, via a legal memo issued on February 19, requested exclusive rights to determine stablecoin future within its jurisdiction. дальше »
2021-2-25 18:00 | |
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Nigerian Youths Are Unfazed By Country’s New Bitcoin Ban
As we reported earlier, the Central Bank of Nigeria has warned that henceforth, all financial institutions facilitating all forms of cryptocurrency transactions in the country will face the rot of regulatory bodies. дальше »
2021-2-6 19:03 | |
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Philippines’ Central Bank Issues New Guidelines to Curtail Money Laundering Among Virtual Asset Service Providers (VASPs)
Local Philippines news source, the Philippine Daily Enquirer, has reported this week that the country's central bank now requires Crypto financial service firms to be fully licensed with the BSP. дальше »
2021-1-27 23:25 | |
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Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency Comptroller (OCC. дальше »
2021-1-22 03:30 | |
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Russia Says Digital Currencies Could Overtake SWIFT
International Currencies The Russian state news outlet RT reported that the Central Bank of Russia says digital currencies will challenge current international banking systems. There are more than 30 central banks or other regulators that are researching Central Bank Digital Currencies (CBDCs). дальше »
2020-12-26 20:29 | |
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India prepares to introduce taxes from cryptocurrency investments
According to The Economic Times, India’s income tax authority is monitoring crypto investors and traders to demand income tax from them. This was reported by sources close to the government. The country’s tax department monitored cryptocurrency transactions that were conducted using bank accounts. дальше »
2020-12-6 20:11 | |
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Nearly Two-Thirds of PayPal Users Aim to Use Bitcoin at Merchant Stores: Study Finds
Nearly a fifth of PayPal users are jumping on to the Bitcoin (BTC) train, a Japanese investment bank report, Mizuho Securities, reported. According to the survey carried out by 380 PayPal users, there is an uptake in BTC purchases on the global payments platform as users take advantage of PayPal’s Bitcoin capabilities. дальше »
2020-12-2 21:58 | |
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China’s Digital Currency to Roll-Out In A Second City After Successful Trials In Shenzhen
On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency (CBDC) in a bid to test the real-use cases of the digital currency. дальше »
2020-11-23 20:50 | |
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Deutsche Bank: Bitcoin is Increasingly Being Favored Over Gold
As the price of bitcoin begins to stall after the recent ascent, its appeal as a store of value asset has not diminished, according to Deutsche Bank. As reported by libertarian financial blog Zero Hedge, the investment bank’s managing director of credit strategy, Jim Reid, has taken note of the alpha currency’s latest movements. дальше »
2020-11-20 17:54 | |
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Belarus’ Largest Bank Launches Cryptocurrency Exchange Service
The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. дальше »
2020-11-15 16:10 | |
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One of China’s biggest banks is allowing investors to buy bonds with Bitcoin
China Construction Bank (CCB), one of the country’s “big four” financial players, is planning to raise up to $3 billion from a sale of bonds that individuals and institutions can trade in and out of using Bitcoin and the US dollar, financial publication WSJ reported Wednesday. дальше »
2020-11-12 14:06 | |
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Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector
According to the country's central bank governor, Riad Salameh, Lebanon is set to debut its own Central Bank Digital Currency (CBDC) in 2021. Bloomberg, which reported on this development, cited a Lebanese state-run News Agency, noting that the Mediterranean island plans to make the paradigm shift due to transitioning to cashless networks and restoring confidence […] The post Lebanon to Launch a CBDC in 2021 to Boost Confidence In the Country’s Banking Sector first appeared on BitcoinExchangeGuide. дальше »
2020-11-12 22:35 | |
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Silvergate Bank Q3 Earnings Call Upholds Bullish Trajectory; Net Income Shoots up by 29% to $7.1 Million
Silvergate, a Fintech and crypto-focused bank, has reported another bullish quarter according to its latest earnings call. The Q3 Silvergate Bank stats show that they have been gaining on most fronts, especially with increased activity in the Silvergate Exchange Network (SEN). дальше »
2020-10-27 18:46 | |
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