2023-1-17 12:56 |
Mamoru Yanase believes that the best way to avoid a repeat of the FTX debacle is for global regulators to regulate crypto like traditional banks immediately. origin »
|
The U.S. Federal Reserve and other regulators issued a crypto warning for the banking system Tuesday, though the statement doesn’t extend any new policies about how traditional lenders deal with digital assets.
2023-1-4 22:47 | |
|
|
Several major traditional banks with varying degrees of crypto exposure now find themselves unsure of their next move in the wake of the FTX collapse. The post Silvergate, Provident Bancorp, and Signature Bank Got Burned Playing With Crypto appeared first on BeInCrypto.
2022-11-23 22:00 | |
|
|
Crypto true believers say blockchain markets and finance represent an existential threat to the traditional financial industry. But now's probably not the time for Wall Street to gobble up ailing crypto firms, analysts say.
2022-11-22 00:46 | |
|
|
Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.
2022-11-20 18:49 | |
|
|
Bitcoin traded above the psychologically important price level for a 10th consecutive day, even as stocks took a hit from U.S. central banks’ ongoing move to tighten monetary conditions.
2022-11-4 21:41 | |
|
|
Coinbase customers can earn 1.5% APY (Annual Percentage Yield) by holding USDC coins. But, traditional banks offer better yields than Coinbase without regulatory concerns. The post Traditional Banks Offer Better Yield Than Coinbase USDC Savings appeared first on BeInCrypto.
2022-11-3 21:15 | |
|
|
Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a report in Bloomberg.
2022-11-3 21:27 | |
|
|
Payment giant Mastercard is joining hands with New York-headquartered blockchain tech firm Paxos to launch a program that will make it easier for traditional financial institutions to offer cryptocurrency trading by providing regulatory compliance and security.
2022-10-18 21:41 | |
|
|
Payments giant Mastercard is offering to help traditional financial institutions get into crypto by providing the necessary fiat rails. The post Mastercard to Offer Crypto Trading to Banks With Paxos appeared first on BeInCrypto.
2022-10-18 21:00 | |
|
|
Bank of New York Mellon is now the first large American bank to safeguard customers’ cryptocurrency assets alongside traditional investment assets. The post One of America’s Oldest Banks Joins the Crypto Revolution, Alongside Hundreds of Institutions appeared first on BeInCrypto.
2022-10-11 19:30 | |
|
|
Savings account interest rates are not reflecting the changes in interest rates. Bitcoin is a hassle-free way to save and take custody of your assets.
2022-10-11 06:00 | |
|
|
The crypto industry is coming to save the troubled “Euro-Skulptur” monument in Frankfurt after traditional banks refused to support the symbol of eurozone decision-making.
2022-9-29 16:28 | |
|
|
Cryptocurrency was designed to empower people by giving back their financial power and allowing them to avoid relying on governments and banks. Since its infancy, cryptocurrency has disrupted traditional financial services, including governments, central banks, and venture capitalists.
2022-9-20 15:49 | |
|
|
Cannabis and crypto go a long way. They share the same “high” and miseries. Still a taboo in many countries, the U. S. Cannabis industry sees cryptocurrency as its saving grace after being declined by the traditional banking sector.
2022-9-4 16:27 | |
|
|
Finance has always been an exciting sector for both novice and professional traders/investors. Banks are considered the centerpiece of traditional finance. Getting loans and creating accounts in brickThe post Revolutionizing financial mobility with Akt.io appeared first on AMBCrypto.
2022-8-1 12:45 | |
|
|
Recent difficulties at Celsius, BlockFi, Babel, Vauld and Novi demonstrate the fundamental flaws of centralized finance (CeFi), and clearly demonstrate why centralized operators require far stronger regulatory oversight.
2022-7-11 16:30 | |
|
|
The showdown between neobanks and cryptocurrency exchanges will be fierce, as a large number of banks are looking to dabble in cryptocurrency offerings. In return, the exchanges have begun offering the traditional banking services of lending and borrowing and issuing credit and debit cards.
2022-6-30 19:32 | |
|
|
Crypto lending platform Celsius (CEL) was riskier for users than traditional banks, according to a report by The Wall Street Journal based on investor documents. The post Celsius carried more risk than traditional banks, investor documents show appeared first on CryptoSlate.
2022-6-30 23:30 | |
|
|
Contrary to Celsius CEO Alex Mashinskys claims that Celsius was not taking a tremendous risk, a new report from The Wall Street Journal claims that the crypto lender had more...
2022-6-30 18:13 | |
|
|
All over the world SMEs are starved of the funding they need to grow, but now there’s a new way to get around traditional banks. The post Web3 Capital: Estonian Saves Farm By Selling NFTs for Part Ownership appeared first on BeInCrypto.
2022-5-20 09:24 | |
|
|
Looking for high-interest rates on a trusted platform? Investing in stablecoins like USDT, USDC and others is currently providing much higher APYs than similar investments in traditional banks.
2022-6-10 15:01 | |
|
|
Looking for high-interest rates on a trusted platform? Investing in stablecoins like USDT, USDC and others is currently providing much higher APYs than similar investments in traditional banks.
2022-5-9 15:01 | |
|
|
DeFi may allow banks to offer a wide range of services fast and efficiently, but in the end, these organizations will focus on their traditional, core strengths.
2022-4-12 16:30 | |
|
|
The New York State Senate is boosting the state’s Department of Financial Services (NYDFS) efforts to oversee the cryptocurrency sector. The Senate passed its fiscal year 2023 budget early Saturday, which included a provision tasking NYDFS with developing a new “assessment” or charge for the cryptocurrency companies it oversees to bring its oversight mandate in virtual currencies in line with how the regulator oversees more traditional banks and financial services firms.
2022-4-10 21:49 | |
|
|
As traditional financial institutions continue to clamp down on the adult industry, cryptocurrencies are gradually becoming the go-to payment method for sex workers. The post Adult stars turn to crypto after banks cut them off appeared first on CryptoSlate.
2022-4-9 01:00 | |
|
|
Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation.
2022-3-7 01:00 | |
|
|
Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward.
2022-2-21 02:01 | |
|
|
Discussing how traditional banks can incorporate Bitcoin with Fourth Capital's CEO.
2022-2-3 19:19 | |
|
|
Bit2Me launches Bit2Me Earn, a new service that rewards users for holding their cryptocurrencies. While traditional banks charge their customers for storing money in their account, Bit2Me, a leading Spanish cryptocurrency platform, has announced the launch of Bit2Me Earn, a new service that offers rewards of up to 20% in the form of cryptocurrencies to … Continued The post Bit2Me Launches Bit2Me Earn appeared first on BeInCrypto.
2021-12-30 10:35 | |
|
|
Fireblocks has announced that RSK is now supported on its platform. RSK makes it possible for developers to build Bitcoin-based decentralized applications (dApps). Fireblocks Integrates RSK Fireblocks, a digital asset custody, transfer, and settlement platform that claims to be dedicated to offering banks and traditional financial institutions the ability to seamlessly plug into the broaderRead More
2021-12-15 11:00 | |
|
|
BBVA Switzerland becomes one of the first banks in Europe to adopt Ether
2021-12-13 13:29 | |
|
|
While the world is gradually moving away from traditional finance and banks, the complexity of crypto exchanges is one of the major shortcomings hindering the mass adoption of cryptocurrencies. Amidst this confusion, IXFI, an alternative bank solution has launched its new crypto trading platform.
2021-12-8 12:00 | |
|
|
Yield farming is a still-nascent crypto strategy to high return on investment (ROI) on depositing cryptocurrencies, including bitcoin, ethereum, Binance coin (BNB), and stablecoins. While traditional investments in banks pay a quarter percent, yield farming can give triple-digit % yields.
2021-11-23 16:00 | |
|
|
Over the past months, we have seen tremendous growth in DeFi, and millions if not billions of dollars are being invested in it daily. DeFi can affect the way traditional banks operate and might even change the structure of the whole financial system in the future.
2021-10-29 13:13 | |
|
|
U.S. banking regulators are exploring how traditional banks can hold bitcoin for various purposes.
2021-10-28 02:00 | |
|
|
The head of the New York-based investment firm SkyBridge Capital has said that in the future, traditional banks may be eyeing the leading cryptocurrency exchange firm Coinbase. Scaramucci believes traditional firms will take interest in Coinbase-like ventures Anthony Scaramucci made this known in an interview with Bloomberg, in which he predicted that one of the […]
2021-9-30 18:58 | |
|
|
DeFi continues to show the world that the future of finance will forever change from its old and traditional form, developed by solving problems individuals and institutions face with mainstream banks.
2021-9-28 15:22 | |
|
|
Benoit Coeuré, Bank for International Settlements official and former member of the European Central Bank’s board of directors, said in a recent speech at an EuroFi event that stablecoins and DeFi in general were ‘challenging banks’ business models’ and authorities had to work on creating official digital assets quickly, highlighting growing fears in traditional financial […] The post Trust Token CEO: ‘DeFi is a transformation in finance’ appeared first on Invezz.
2021-9-22 22:05 | |
|
|
The cryptocurrency space is revolutionizing, with top-notch innovations taking the world by storm. To break away from the hurdles and bureaucracy of traditional financial institutions like banks in terms of raising capital, BNPL Pay plans to launch a decentralized lending platform to finance users through P2P lenders that are run on Ethereum. Now, what isRead More
2021-9-9 16:00 | |
|
|
Morgan Stanley is one example of traditional banks that have completely changed their stance on the crypto industry. A harsh critic until recently, the bank is now doing everything in its power to diversify its crypto portfolio.
2021-8-28 18:30 | |
|
|
Crypto adoption has boomed within traditional and institutional circles in the past year, with the nascent market even touching the $2 trillion earlier this year on the back of billions of dollars in institutional and retail capital.
2021-8-17 15:24 | |
|
|
The surge in the popularity of cryptocurrencies has awakened the interest of several traditional financial institutions in the sector. According to a report by the American Bankers’ Association (ABA), banks are steadily looking for opportunities in crypto.
2021-8-3 21:22 | |
|
|
Traditional banks have been among the largest critics of the crypto industry for years, back when they still had hope of suffocating the emerging industry and preventing it from taking over. Now that it has become obvious that this is not going to happen, banks are rapidly changing their stances.
2021-8-4 13:21 | |
|
|
DeFi is not an uncommon term in the current financial system due to its growing impacts on the financial market. It provides solutions to the limitations of traditional finance. It encourages an open and decentralized financial transaction that won’t depend on intermediaries, like banks, insurers, brokerages, or stock exchanges.
2021-7-29 15:26 | |
|
|
The intrinsic value inherent in Bitcoin has been converting skeptics and making onlookers come onboard to participate in the network, hence the phenomenal growth of the network which has been noted to be faster than even the growth of the internet.
2021-7-25 20:43 | |
|
|
Bank of New York Mellon has joined a consortium of six heavyweight lenders launching a new bitcoin (BTC) trading venue and crypto exchange. If all goes as planned, Pure Digital exchange will make history as the first-ever crypto exchange to be entirely controlled by traditional banks, according to a Financial Times report on July 20,Read More
2021-7-22 21:00 | |
|
|
For many years, the idea that a traditional financial institution could venture into the bitcoin space was considered laughable. Recently, however, we have witnessed immense interest in crypto from banks.
2021-7-18 00:09 | |
|
|
Clear Junction, one of Binance’s key payments partners in Europe has cut ties with the embattled cryptocurrency exchange. The suspension marks the latest prohibition on customers moving funds on Binance from traditional banks and other types of financial accounts.
2021-7-13 13:55 | |
|
|
Over the past few years, banks have significantly edged closer to the world of cryptocurrencies. The traditional banking system has become far less efficient in terms of both performance and cost-wise.
2021-7-6 08:00 | |
|
|
Japan’s ruling Liberal Democratic Party (LDP) has proposed reducing the country’s crypto tax rates, signaling a shift in regulatory approach. On March 6, Akihisa Shiozaki, a member of Japan’s House of Representatives, shared details of the proposal on X, noting that it is open for public feedback until March 30.
Japan’s investment firm Metaplanet has issued $13. 6 million in 0% ordinary bonds to fund the purchase of additional Bitcoin. Tokyo-listed firm Metaplanet is issuing 2 billion JPY (around $13.
Japanese investment firm Metaplanet has expanded its Bitcoin holdings with a $6. 6 million purchase, bringing its total to 2,100 BTC. Tokyo-based investment firm Metaplanet announced Thursday it has purchased 68.
Metaplanet shares dropped over 8% after the Japanese firm announced a 10-for-1 stock split to improve liquidity. Japanese investment firm Metaplanet’s shares fell 8.41% on over-the-counter markets following the the firm’s announcement of a stock split. The drop came after…
Metaplanet Inc. has emerged as Japan’s best-performing stock, skyrocketing more than 3,600% over the past year amid a retail investment frenzy tied to Bitcoin. Originally a struggling hotel developer, the company has fully repositioned itself as Japan’s answer to Bitcoin-heavy investment firms, mirroring the playbook of MicroStrategy.
Metaplanet has become Japan’s hottest stock, surging 3,600% after pivoting to Bitcoin. With 1,762 BTC and a bold 21,000 BTC target, it’s Asia’s top BTC play. Metaplanet Inc. has become Japan’s fastest-rising stock, surging more than 3,600% over the past…
The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders. Authorities in Papua New Guinea are stepping up their central bank digital currency efforts, with the…