2020-9-30 09:35 |
The majority of financial institutions believe that cryptocurrencies are risky
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Cryptocurrencies, especially Bitcoin have received their fair share of attention this year, thanks to increasing interest in digital currencies among traditional financial institutions and the pandemic-driven economic slowdown affecting economies and markets.
2020-9-17 09:43 | |
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With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also attract masses to cryptocurrencies.
2020-8-28 10:30 | |
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Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace, according to reports on JulyRead MoreRead More.
2020-7-25 01:00 | |
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U.S. regulator, the Office of the Comptroller of Currency (OCC), allows federal banks and national savings institutions to officially custody cryptocurrencies for their customers. The statement released on July 22, confirms that any national bank or savings facility can now hold on to unique cryptographic keys of cryptocurrencies in their vaults pertaining to custody services. […]
2020-7-22 21:40 | |
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Speaking to CoinDesk, Alex Manson, the head of S.C. Ventures confirmed the firm is looking into launching a solution to allow institutional players to adopt digital assets such as Bitcoin. Manson terms the solution as the best and most secure solution yet in the market for institutions aiming to dip their feet into cryptocurrencies. S.C. […]
2020-7-21 19:31 | |
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Consumer interest and investment in digital currencies are growing, with research showing that up to 20 percent of the population of some countries are holding cryptocurrencies, and an increasing number of merchants, digital players, and financial institutions are exploring crypto payments.
2020-7-20 13:13 | |
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The purpose of Dash goes beyond the primary investible goal of most of the existing cryptocurrencies. The digital asset has amassed so much value from innovative ideas implemented and has met a lot of banking expectations missing in traditional financial institutions.
2020-7-8 00:14 | |
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A new survey of about 800 institutional investors in the U. S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios.
2020-6-11 03:20 | |
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Large institutional investors are coming around to the idea of cryptocurrency, with Fidelity claiming over 36% of American and European funds own cryptocurrencies like Bitcoin and Ether. Is this the... The post Big Institutions Are Making Room for Bitcoin, Says Fidelity appeared first on Crypto Briefing.
2020-6-10 10:21 | |
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The Office of the Comptroller of the Currency (OCC), may be looking to bridge the gap between cryptocurrencies, blockchain technology, and traditional banking institutions. The financial regulator recently issued an Advance Notice of Public Rulemaking (ANPR).
2020-6-5 16:28 | |
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A federal banking regulator is seeking public input on how cryptocurrencies interact with the national banking system and financial institutions.
2020-6-6 23:56 | |
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For cryptocurrencies such as Bitcoin, 2019 saw increased growth and interest in its derivatives market as major institutions started to back digital assets like the king coin as legitimate forms of loThe post Has the cryptocurrency derivatives market found its home in Asia? appeared first on AMBCrypto.
2020-4-5 11:00 | |
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Digital assets have been gaining traction lately, with more and more financial institutions and traditional investors taking an interest in them. Over the course of a decade, cryptocurrencies like BitThe post For Bitcoin, can multisig be the key to jurisdictional problems? appeared first on AMBCrypto.
2020-4-3 18:00 | |
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STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies.
2020-3-4 22:10 | |
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The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes.
2020-3-4 06:10 | |
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The US commerce department, through the Bureau of Economic Analysis (BEA) is looking to implement a nationwide benchmark survey of all financial institutions. This benchmark wants financial institutions to analyze how their services transcend boundaries.
2020-2-27 21:21 | |
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G20 central bankers and finance ministers want to push for a wider adoption when it comes to the standards compelling crypto exchanges to disclose information about users. After a weekend summit in Riyadh, the Saudi Arabian capital, G20 members of financial institutions said countries haven’t aligned themselves with the international and intergovernmental standards imposed by […]
2020-2-25 21:46 | |
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Within Boerse Stuttgart Group, blocknox GmbH takes care of the custody of cryptocurrencies on an escrow basis. The service was established at the end of January 2019 for users of Boerse Stuttgart Group’s crypto app BISON and extended at the end of September 2019 for users of BSDEX.
2020-2-18 12:59 | |
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Cryptocurrencies have grown at a rapid rate over the past few years gaining attention from investors and financial institutions across the globe and this meteoric rise has resulted in lawmakers regulaThe post Ripple's Asheesh Birla: US has to be proactive in regulating digital assets appeared first on AMBCrypto.
2020-2-17 14:00 | |
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One of the main catalysts to Bitcoin's adoption in the more fearful financial circles is institutions. Big pocketed banks are the perfect on-ramp for the wider trade of cryptocurrencies, with one promThe post Bitcoin adoption threatened by Schwab-Ameritrade deal, claims Bitcoin bull appeared first on AMBCrypto.
2020-1-30 17:00 | |
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The World Economic Forum (WEF) has announced the creation of a global consortium which will come up with a governance framework for all cryptocurrencies comprising stablecoins. In a blog post, WEF announced that after extensive consultation among the global community members, an international consortium which will work closely with financial institutions, representatives of governments, developers […]
2020-1-27 18:31 | |
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Banks have always acted very hostile toward Bitcoin and other cryptocurrencies. Even the underlying blockchain technology was widely considered to be a fad. Today, the tune played by financial institutions is very different.
2020-1-27 02:00 | |
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The Reserve Bank of India has said that it hadn’t banned the trading of digital currencies but only ringfenced regulated entities like banks and financial institutions from risks associated with trading such cryptocurrencies.
2020-1-21 17:54 | |
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The adoption and recognition of Bitcoin and cryptocurrencies have seen an exponential increase over the last few years among individuals, as well as among mainstream financial institutions. However, wThe post Bitcoin fundraising intensifies among Palestinian Hamas, Iran-affiliated militants appeared first on AMBCrypto.
2020-1-20 17:13 | |
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US government is concerned with the involvement of Social media and Cryptocurrency in funneling of funds into domestic terror groups activities. In a hearing held by the FSC Subcommittee on National security on Jan 15th 2020, International development and monetary policy featured 5 witnesses from various departments to address how US based monetary institutions could […]
2020-1-16 18:53 | |
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The country’s Supreme Court has postponed the consideration of the appeal in the case of compliance with the country’s constitution of a law banning the cooperation of financial institutions with cryptocurrency companies.
2020-1-15 21:45 | |
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People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin.
2020-1-14 21:00 | |
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Deutsche Bank (DB) believes cryptocurrencies could replace fiat by 2030 as the “forces that hold the fiat money system together” begin to unravel. The bombshell was dropped in a report Thursday by the 149-year-old bank, which is Germany’s largest, and comes a week after news broke that Germany will likely allow financial institutions to deal […] The post Deutsche Bank: crypto could replace fiat and “soar” by 2030 appeared first on CryptoSlate.
2019-12-6 11:00 | |
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The regulatory constraints that previously prohibited German banks from offering Bitcoin-related services to clients could soon become a thing of the past. New reports are coming in that once the fourth EU Money Laundering Directive comes into effect, financial institutions in Germany will have the legal and regulatory approval to offer and hold cryptocurrencies including […] The post Bitcoin Gets a Big Boost in Germany After Banks Allowed to Offer Cryptocurrencies appeared first on BeInCrypto.
2019-11-30 04:18 | |
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Wall Street titan Fidelity Investments is poised to reward its employees in cryptocurrencies, per a report by Finance Magnets, November 27, 2019. Making Crypto an Everyday Phenomenon One of the largest financial institutions in the world by reported assets under management (AuM) – Fidelity Investments – is reportedly rewarding its employees in digital currencies.
2019-11-29 02:00 | |
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Many crypto enthusiasts hope to see financial institutions embrace this new form of money sooner or later. It now appears Fidelity Investments has done so, at least where its employees are concerned.
2019-11-29 02:00 | |
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Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports.
2019-11-29 23:49 | |
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Traditional financial institutions are still leery about decentralized cryptocurrencies. They are only starting to explore the potential of digital assets. But a new breed of banks specializing in crypto have been working hard to take advantage of this trend and are gaining regulatory recognition around the world.
2019-11-11 15:00 | |
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XRP, the native token of Ripple, has found itself in many places, considering the widespread network of its creator. With low fees and fast transaction times, it manages to remain in the top cryptocurrencies in the world, and that’s just the kind of flexibility that consumers enjoy.
2019-10-29 23:23 | |
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BlockFi has announced the launch of its institutional services arm, BlockFi Institutional Services. The goal of this arm is to provide clients access to digital asset financing solutions, as institutions begin to integrate their businesses with digital currencies.
2019-10-18 08:33 | |
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Financial inclusion has always been one of the benefits of cryptocurrencies, promising to serve the unbanked and underbanked, those ignored by legacy institutions in both the west and in the developing world.
2019-10-9 18:59 | |
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Cryptocurrencies have slowly found prominence on the OTC desk markets, with institutions like Circle Trade playing an instrumental role in establishing OTC trading in the crypto-industry. However, anything related to virtual assets is deemed to be anchored by some form of risk like custody and responsibility of funds.
2019-10-8 13:30 | |
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In the 2019 research report of the annual Global Non-governmental Organizations (NGOs) Technology Report, Bitcoin (BTC) and other cryptocurrencies ranked poorly as a payment option across the 5,352 institutions in 194 countries sampled.
2019-10-6 18:35 | |
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Cryptocurrency adoption has seen a significant boost in 2019, where major financial institutions like Wells Fargo, JP Morgan, and ING have either tested their stablecoin or are pondering over launching one.
2019-10-6 00:16 | |
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For quite some time now, Bitcoin and other cryptocurrencies have been one of the frequently discussed topics among the regulators. This could be attributed to various reasons: rise in interest in cryptocurrencies, launch of Libra, and institutions venturing into the digital currency space.
2019-10-4 01:30 | |
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Tether [USDT] has established itself as the most widely used stablecoin across the cryptosphere. However, several institutions in the recent past have made their entry into the world of cryptocurrencies through stablecoins, hoping to displace USDT.
2019-10-2 09:30 | |
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“The institutional herd is coming” is a phrase uttered by countless Bitcoin bulls ad nauseam. They believe that the arrival of this subset of investors will be a catalyst that drives cryptocurrencies to fresh all-time highs and catapult the technology into the mainstream.
2019-9-28 15:00 | |
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Venezuela’s Central Bank is considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. The post Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets appeared first on Bitcoin Magazine.
2019-9-27 00:42 | |
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Bitcoin’s price has recovered above $10,000 yet again, allaying any fears of a massive sell-off. Cryptocurrencies in general are seeing plenty of green, with Ethereum, BAT and Maker leading the pack through 5-6% gains, while the rest are seeing moderate growth of at 2-3%.
2019-9-21 18:34 | |
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Cryptocurrencies undoubtedly bring new business opportunities. The expanding industry around digital assets and its customers need more and more services that traditional sectors can provide. Banking is often a bottleneck in the crypto space as most traditional institutions are still reluctant to get their feet wet.
2019-9-14 23:00 | |
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A mini-rally this weekend has raised questions on whether 2019 will solely be the year of Bitcoin (BTC). With altcoins finally in the green, investors may be trying to diversify their crypto holdings or lock-in gains from the increasing value of BTC over the past week.
2019-9-9 21:37 | |
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Many regulators and heads of financial institutions have expressed concern over cryptocurrencies and their use. Crypto assets come with many challenges that place financial institutions in an awkward position as far as dealing with digital assets goes.
2019-9-7 19:21 | |
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A host of South Korean institutions have realized the potential and importance of integrating digital tokens into their businesses. Major businesses have already taken a step forward by announcing their own native tokens, taking a step closer to the mainstream adoption of cryptocurrencies.
2019-9-5 21:00 | |
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Alongside several financial and non-financial institutions finally embracing crypto, successful entrepreneurs from other business sectors have also taken the leap, with many launching their own brand of new cryptocurrencies.
2019-9-5 23:30 | |
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