EU Lawmakers Vote To Impose Strict Capital Requirements On Banks Holding Bitcoin And Crypto

Banks would be allowed to hold 2% of capital in bitcoin, but required to have one euro in capital for every euro in cryptocurrency held.

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EU to Vote on Massive Capital Requirements for Banks Holding Crypto

Prospective EU legislation could force banks to set aside a punitive amount of capital to back their holdings of cryptoassets. The post EU to Vote on Massive Capital Requirements for Banks Holding Crypto appeared first on BeInCrypto.

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Metropolitan Bank Calls It Quits on Crypto Following Silvergate Scare

Metropolitan Holding Corp will shutter its crypto vertical as banks' crypto business lines face increasing scrutiny. The post Metropolitan Bank Calls It Quits on Crypto Following Silvergate Scare appeared first on BeInCrypto.

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Metropolitan Bank Holding (MCB) exits the crypto market

One of the few US banks to serve the crypto industry, the Metropolitan Commercial Bank, has today announced that it is ending crypto-related services. The bank said that the move was because of the recent developments in the crypto industry.

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Bitcoin Group set to acquire German’s oldest Bank for over $15M

Crypto holding company Bitcoin Group has moved to buy one of the world’s oldest banks Bankhaus von der Heydt, for roughly $15 million. The post Bitcoin Group set to acquire German’s oldest Bank for over $15M appeared first on CryptoSlate.

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Traditional Banks Offer Better Yield Than Coinbase USDC Savings

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.

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Ban Banks From Holding Crypto, UN Development Body Says

UNCTAD recommends extra taxes on crypto transactions and ad restrictions to boost states' revenue and safeguard financial stability.

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Senator Warren takes aim at changing rules on crypto offerings from banks

Senator Elizabeth Warren (D-Mass. ) is circulating a letter among her Senate colleagues that would withdraw legal guidance for banks holding and trading cryptocurrencies, Bloomberg News reported August 4.

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Bitcoin, Stocks Jump on Interest Rate Held at Near Zero

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Bit2Me Launches Bit2Me Earn

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.

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JPMorgan, Deutsche Bank Oppose Strict Basel Rules For Banks Holding Bitcoin

The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own.

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SEC Creates A Stand-Alone Office to Conduct Investigations into Crypto and Other Digital Assets: Report

“Crypto is the new shadow bank,” says Senator Elizabeth Warren, who says regulators should consider banning the banks in the US from holding cash deposits backing up stablecoins to effectively end the growing market.

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Biotech Company Converting Balance Sheet To Hodl Bitcoin

Texas Biotech Company Spinesmith Holdings Will Convert Their Balance Sheet To Bitcoin For Long Term Holding To Avoid The Overreach Of Banks.

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Biotech Company To Convert Balance Sheet To Hodl Bitcoin

Texas Biotech Company Spinesmith Holdings Will Convert Their Balance Sheet To Bitcoin For Long Term Holding To Avoid The Overreach Of Banks.

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Coincidence? Bitcoin Wallet Accumulates 160K BTC As Soros Fund Talk Spreads

As Bitcoin struggles to make a decisive move upwards, big news has had little effect to aid the bulls during this ongoing sell-off. From Morgan Stanley buying 28,000 shares of the Grayscale Bitcoin Trust (GBTC) to MicroStrategy holding over 100,000 BTC, to 640 banks in the U.

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10,000 Financial Institutions Can Now Let Customers Buy, Sell, Hold Bitcoin Through Their Bank Accounts

Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG).

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Cowen Bank Will Hold Crypto for Institutions, Will Put $25 Million in Ripple CTO Company

One of the biggest and most respectable banks, Cowen, says it will start holding cryptocurrencies for institutions

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Banks Refusing To Work With Crypto Will Pay A Hefty Price: Binance CEO CZ

The CEO of Binance has been very vocal about his stances on the cryptocurrency market. Yesterday, the CEO revealed he may have underestimated cryptocurrencies like DOGE, ETH, BTC, and BNB. He even emphasized DOGE’s impressive performance, despite holding zero Dogecoin.

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Hundreds of U.S. Banks to Allow Holding and Trading Bitcoin

Fidelity National Information Services has partnered with NYDIG to allow hundreds of U.S. small banks to start dealing with crypto

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India’s Crypto Ban May Extend to IPO Promoters

The extent of the anti-crypto sentiment in India seems to be deepening with initial public offerings (IPO) participants like promoters, investment banks, and lawyers likely to be barred from holding or investing in cryptocurrencies.

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ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin

The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency.

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ECB's Lagarde says central banks holding Bitcoin is 'out of the question'

The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency.

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Thailand's Siam Commercial Bank to invest $50M in blockchain, DeFi startups

Earlier today, SCB TenX (SCB 10X), a holding company in the Siam Commercial Bank group, announced a $50 million allocation towards DeFi startups and digital assets. SCB is one of the oldest banks iThe post Thailand's Siam Commercial Bank to invest $50M in blockchain, DeFi startups appeared first on AMBCrypto.

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Bitcoin May Be the Only Asset Worth Holding Long-Term, Says GMI CEO

Bitcoin has been named as a candidate for the only asset worth holding as a hedge against inflationary fiat currency. The leading cryptocurrency has consistently proved itself capable of offsetting the impact of the money printed by leading central banks.

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How Will Bitcoin Fit in the Great Monetary Expansion?

The great monetary expansion is underway, with the G4 central banks now holding nearly 50% of GDP on their balance sheets. What role will Bitcoin play?  Central Banks See Unprecedented... The post How Will Bitcoin Fit in the Great Monetary Expansion? appeared first on Crypto Briefing.

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Why crypto? Holding money at Dutch bank ING could cost you

When consumers hold money in banks, they expect to be paid an interest rate—there’s a reason why people don’t store their money under a mattress in a safe in their house. But, this financial trend is changing, with there being banks that now charge consumers and businesses for storing money, something unheard of ten or […] The post Why crypto? Holding money at Dutch bank ING could cost you appeared first on CryptoSlate.

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Germany: New Proposed Law Would Legalize Banks Holding Bitcoin

By 2020, German banks will be able to custody Bitcoin, if new proposed changes to the law are approved

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Exscudo CEO: Current Financial System Not Only Holding Back the Progress but Pulls It Back

Coinspeaker Exscudo CEO: Current Financial System Not Only Holding Back the Progress but Pulls It BackWhile traditional banks are still the basis for today's financial system, most of the functions they perform are outdated.

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HSBC takes the crypto-leap; educates customers on Bitcoin, cryptocurrency and blockchain technology

Last year, India’s central bank, the Reserve Bank of India, had released a circular prohibiting banks from providing services to both individuals and business involved in trading or holding cryptocurrencies.

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

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Credit Suisse Digital Assets Head: Culture Is Holding Back Wall Street From Embracing Blockchain

Emmanuel Aidoo, the head of digital market assets at Credit Suisse, explained that culture is holding back Wall Street banks from embracing blockchain technology. Mr. Aidoo said that during an interview with Business Insider on April 23.

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With Latest Partnership, Ledger Vault Offers a Fix to Crypto’s Custody Problem

Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).

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Cryptocurrency Rises 382% in a Day, Smells of a Potential Rekt’d Token Scam in Making

Cryptocurrency space is flooded with thousands of tokens and a new one gets added every other day. The vision behind Bitcoin was to create a decentralized currency system to give power in the hands of the community, rather than a big financial institution and banks holding a monopoly over people's money. However, as the popularity […]

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There’s No Upside Resistance, Ripple (XRP) Bulls Aiming At 40 Cents

Ripple prices trending within a bull breakout after closing above 34 cents Banks are hesitant to adopt xRapid and instead use xCurrent No doubt, Ripple Inc is proposing a novel and livelihood lifting idea that stands to shape remittance.

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Coinbase Custody Now Supports Zilliqa (ZIL) Transactions for Deposits and Withdrawals

One of the biggest names in the crypto ecosystem, Coinbase offers custody for cryptocurrency assets for institutions in the form of their custody program, which charges a setup fee of $100,000 and a minimum holding of $10million so you can see it is aimed at banks, hedge funds and other financial institutions who would require […]

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Simon Dixon Reflects on the 10th Anniversary of Bitcoin

With the 10th anniversary of Bitcoin’s launch under the industry’s belt, it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years.

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New Shakepay Feature Turns Your Spare Change Into Bitcoin

Mobile cryptocurrency exchange and peer-to-peer wallet Shakepay has announced a new product that allows its Canadian customers to buy bitcoin with spare change. Dubbed "ShakePay Change," the pre-launch of the service was announced in a Medium post.

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$1.1 Billion worth of Litecoin (LTC) transacted in a single day, EOS block producers buying votes while Ripple CEO comes out with another bold statement

Ripple CEO claims banks will hold crypto for their customers in 2019 Brad Garlinghouse, the CEO of Ripple, said how he thinks that banks will be holding crypto assets on behalf of their customers as early as 2019.

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

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Bitcoin Magazine’s Week in Review: Challenging the Way It’s Always Been Done

This past week, we talked to three security experts about how to design smarter and more secure smart contracts. Google is dipping its toe in the blockchain waters by introducing integrations for applications built with Ethereum and Hyperledger.

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Stronghold and IBM Collaborate to Launch FDIC-Insured Stablecoin on Stellar

Stronghold, a cryptocurrency trading platform housed by Stellar, is launching a stablecoin on its parent network’s blockchain in collaboration with IBM. Stronghold USD will be backed with “one-to-one U.

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Tkeycoin DAO ICO

TCD Corporation (formerly Holding BR) is an IT company engaged in the development of modern solutions for the economic and public spheres of activity. Since October 2017, TCD Corporation has been designing and developing a new cryptographic decentralized platform - "Tkeycoin DAO" for payment systems, banking and financial sector.

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Korean Banks Held $1.79 Billion During the 2017 Bull Run

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks Held $1.79 Billion During the 2017 Bull Run appeared first on CryptoSlate.

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Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum appeared first on CryptoSlate.

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Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run appeared first on CryptoSlate.

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Bank of Korea Says Crypto Investment Poses ‘Insignificant’ Risk to Local Financial Market

South Korea’s central bank says crypto poses “insignificant” risks for financial institutions, with domestic banks holding a “not really big” $1.79 bln in crypto at the end of 2017

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Here are the 3 best ways to spend your precious cryptocurrencies today

Crypto is a miracle investment. It turned thousands of shy forum-loving, game-addicted teenagers into millionaires, while the majority of banks and institutional investors missed the opportunity of their lifetime.

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Unofficial Report Confirms Tether’s Tokens Are Fully Backed by US Dollars

Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.

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“No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.

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