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JPMorgan Analysts Say Spot Bitcoin ETF Approval Is ‘Unlikely to Be a Game Changer for Crypto Markets’
8.7.2023
In a report published on Thursday, JPMorgan analysts suggest that the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) is “unlikely to be a game changer for crypto markets.” The market strategists at the American banking giant...
HSBC Enables Bitcoin and Ethereum ETF Trading on Mobile Apps in Hong Kong
27.6.2023
Banking giant HSBC has begun letting customers buy and sell bitcoin and ethereum exchange-traded funds (ETFs) that are listed on the Hong Kong stock exchange (HKEX) using its mobile apps. The stock exchange currently has three crypto futures ETFs listed. HSBC Customers Can Trade Crypto Futures ETFs...
Japanese Banking Giant MUFG to Deploy Stablecoins on Public Blockchains
6.6.2023
Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan, announced its plans to deploy and distribute bank-backed stablecoins on different public blockchains. The Japanese bank has partnered with Datachain, a blockchain interoperability company, and Toki, a cross-chain bridge, to allow...
UBS Offers 3 Reasons to ‘Buy Gold Now’ — Forecasts All-Time High This Year
22.5.2023
Global investment bank UBS has provided three reasons for investors to “buy gold now.” Expecting gold to break its all-time high later this year, the Switzerland-based investment banking giant has retained its “most-preferred rating” on gold. UBS Sees 3 Key Reasons to Buy Gold Now...
South African Currency Plunges to New Low Versus the Dollar a Day After the US Accused Country of Secretly Supplying Ammunition to Russia
14.5.2023
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan...
Banking Giant BNP Paribas to Launch China CBDC Wallet Platform – A Boost for the Digital Yuan?
5.5.2023
The Chinese arm of the French banking titan BNP Paribas announced it will launch a digital yuan wallet management platform, in another boost for China’s central bank digital currency (CBDC).
Per Shanghai Securities Net, BNP Paribas China will be teaming up with the state-owned commercial bank...
Swiss State-Owned Banking Giant Postfinance to Offer Crypto Services
7.4.2023
Postfinance, one of Switzerland’s largest retail banks, will offer customers access to major cryptocurrencies and related services. The state-owned financial institution will be using the banking platform developed by the Swiss-licensed digital asset bank Sygnum. Postfinance Partners With Sygnum...
Shares of Deutsche Bank, Other Euro Lenders Tumble
24.3.2023
Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday. Deutsche Bank...
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
18.3.2023
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit...
Banking Giant State Street Cuts Ties With Crypto Custody Firm Copper
16.3.2023
State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
16.3.2023
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday...
Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist
8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...
Today in Crypto: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election Donations in Crypto to $100
15.2.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: El Salvador’s Bitcoin Embassy in USA, Japanese Banking Giant Invests in Infinity, Kansas May Cap Election...
US banking giant BNY Mellon says digital assets are 'here to stay'
9.2.2023
Despite most of the cryptocurrency market being down 60% from all time highs, Demissie said the digital asset industry is “here to stay.”
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
27.12.2022
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs). HSBC’s Trademark Applications for Crypto-Related...
Russia’s Sber Bank Aims for Blockchain Integration With Ethereum and Metamask
3.12.2022
Banking giant Sber wants to integrate its blockchain platform with the Ethereum blockchain and the Metamask wallet. The Russian bank believes the integration will give developers more options and create new opportunities for users when in operations with tokens and smart contracts. Sber Bank...
Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain May Be Forced to Shut Down
31.10.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: Asian Banking Giant Joins Singapore’s CBDC Effort, Hong Kong to Launch Crypto ETF, Argo Blockchain...
Opera Crypto Browser Integrates Elrond, Blockdaemon Partners With a Banking Giant, KuCoin Going Glocal + More News
22.9.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Opera Crypto Browser Integrates Elrond, Blockdaemon Partners With a Banking Giant, KuCoin Going Glocal + More News
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm
22.9.2022
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry...
Japanese banking giant Nomura launches digital ecosystem VC arm
21.9.2022
“Staying at the forefront of digital innovation is a key priority for Nomura,” said president and group CEO of Nomura Holdings Kentaro Okuda