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Commonwealth Bank to enable crypto trading for 6.5M Aussies, 'other banks will follow'
3.11.2021
The CBA stated that it will support 10 crypto assets in its banking app, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin
Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals
2.11.2021
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish...
Nike & Microsoft Rush Into Metaverse, Thai Banking Giant Goes Crypto + More News
2.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Nike & Microsoft Rush Into Metaverse, Thai Banking Giant Goes Crypto + More News
Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets
28.10.2021
A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going...
BlockBank Just Launched Its DeFi Application, Where Users Can Interact With an AI-Powered “Robo Advisor”
26.10.2021
PRESS RELEASE. BlockBank, the platform disrupting mobile banking by blending it with decentralized finance (DeFi) and Artificial Intelligence (AI) technology, is officially launching its all-encompassing financial application in Q4 of 2021. On a mission to grow worldwide accessibility to DeFi...
BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals
25.10.2021
As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional...
Silta Finance – Competitive Interest Rates and Fast Due Diligence Draw Project Finance Company Towards Crypto Loans
24.10.2021
PRESS RELEASE. Silta Finance, a new DeFi lending solution, challenges traditional banking sector’s predominance in project finance by announcing a partnership with the Singapore headquartered development company WEnergy Global. WEnergy Global has agreed to explore cryptocurrency lending...
Digital Innovations Shaping the Future of Kingdom’s Banking Landscape
21.10.2021
With the rise of automation and digitization, established and reputable organizations find themselves under great pressure, and we can see how this impacts the banking industry globally, for there has been a great deal of change that has given banks the opportunity to reevaluate their business...
JMP Securities Sees Crypto Entering the Mainstream, Says Adoption Has Hit Escape Velocity
17.10.2021
Investment banking and asset management firm JMP Securities says that “The crypto economy is entering the mainstream,” emphasizing that crypto “adoption and early use cases have established ‘escape velocity.” However, the firm’s analysts noted that...
Asian CBDC projects: What are they doing now?
16.10.2021
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
ANZ bank settles debanking case with Aussie Bitcoin trader
15.10.2021
Allan Flynn won a settlement with ANZ for debanking him and is headed to the tribunal to take on Westpac next week
Sri Lanka Appoints Committee to Draft Digital Currency Policy, Seeks Crypto Investments
10.10.2021
In preparation to regulate its fintech space, the government of Sri Lanka has established a special committee tasked to formulate the country’s policy on digital banking and crypto-related activities. The committee comprises professionals from the public and private sectors. New Committee...
Coinshares Invests In Swiss Bank As Customers Increasingly Turn To Crypto
7.10.2021
rther said that FlowBank’s association with CoinShares, "further solidifies" the bank's mission to "create a seamless and innovative banking and investment journey for its customers." She added that today, "FlowBank’s clients can invest in CoinShares’ crypto [exchange traded products]."
Arab Bank has chosen Tezos to facilitate institutional custody service
5.10.2021
The Switzerland firm is an independent sister company of Arab Bank plc
Egyptian Banks Set to Launch Multi-Million Dollar Fintech Fund
1.10.2021
Egyptian banks are reportedly on course to launch a $69.6 million fund which is earmarked to support the country’s fintech companies. According to a report, this fund is expected primarily to target the digital banking and financial services sector. Fintech Apps Targeted Fintech apps that...
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
30.9.2021
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very...
Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction
29.9.2021
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address the Senate Banking Committee and discuss inflation. In the remarks pre-published from...
US Debt Ceiling Rattles Markets As Crypto Community Discusses Political 'Theater'
29.9.2021
a theater.”Speaking to the members of the Senate Banking Committee, US Treasury Secretary Janet Yellen warned on Tuesday that the US federal government could run out of money by October 18 unless Congress acts quickly to raise the debt ceiling. “It would be disastrous for the Amer
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion'
29.9.2021
Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova
Kenyan Fintech Player: ‘Banking the Unbanked’ Is the Most Important Use Case for Digital Currencies in Africa
28.9.2021
The year 2020 may well go down as the year when blockchain technology and cryptocurrencies, in particular, gained mainstream recognition. The restrictions on movement, as well as the widespread fear of catching a virus, forced many to look for alternative ways of making payments or sending...