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Crypto-Friendly Digital Bank Revolut Set to Launch Its Own Stablecoin
19.9.2024
Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which...
Anchorage Digital Bank, Bitgo join Coinbase to custody 21Shares crypto ETFs
12.9.2024
The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers
Donald Trump Pushes New Crypto Platform to Challenge Big Banks and Financial Elites
23.8.2024
Former U.S. President Donald Trump has promoted his family’s new cryptocurrency platform, “The Defiant Ones,” to his 7.5 million followers on Truth Social, framing it as a response to financial inequality. The Trump Organization’s crypto initiative, which has garnered...
Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
7.8.2024
Mox, a virtual bank subsidiary of Standard Chartered, has started offering bitcoin and ether exchange-traded funds to its clients shortly after launching an investment platform in Hong Kong
UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30
29.5.2024
UK-based digital bank Kroo noted that it would “freeze or restrict accounts” used to purchase or trade in crypto
The post UK Digital Bank Kroo to Ban Crypto Transactions Effective May 30 appeared first on Cryptonews
UK Digital Bank Blocks Clients From Performing Crypto Transactions
28.5.2024
The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the reason for this move. Kroo to Decline...
Revolut Suspends Crypto Services for UK Business Clients Due to New FCA Rules
18.12.2023
Revolut has responded to the UK’s FCA crypto regulation changes by halting crypto purchases for Revolut Business users. Image by Armands photography, Adobe Stock. London-based digital bank Revolut announced on Monday that it will be suspending the ability for Revolut Business users...
JPMorgan’s subsidiary Chase UK to restrict crypto transactions
26.9.2023
Starting from Oct. 16, Chase Bank customers in the United Kingdom will no longer be able to make crypto transactions
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...
Digital Bank Revolut to Suspend Crypto Services For US Customers Citing Regulatory Uncertainty
4.8.2023
Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers.
The digital bank cited the market uncertainty and changes to the local regulatory landscape in the country for suspending crypto services.
The England-based fintech firm will suspend...
NFT-styled debit cards the future of Web3 - Animoca founder on $30M hi investment
28.7.2023
Animoca Brands partners with hi, a Web3 app that features cryptocurrency exchange services, conventional digital banking and customized NFT-styled debit cards
Study: 40% of Surveyed African Banks See Fintech and Telcos as ‘High Threats’
20.5.2023
About 40% of 153 African banks surveyed by the latest African Banker annual report said they regard “fintechs and telcos as high threats,” while 69% see artificial intelligence as the “most important technology shaping the industry in the near future.” According to...
Singaporean family office to set up digital bank in Bahrain
18.5.2023
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance
Whampoa Group Private Family Office to Open Digital Bank in Bahrain – Here's the Latest
18.5.2023
Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms.
In a recent statement, Whampoa Group said it plans to set up the bank, which will provide banking services as well as the trading, custody, and asset...
Anchorage Digital opens up DeFi voting for custody clients
17.5.2023
Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot
Digital Bank Revolut Now Offering Crypto Investments in Brazil
2.5.2023
Revolut is making its first foray into Latin America, attempting to tap into Brazil's growing demand for crypto assets
Revolut taps Koinly for cryptocurrency tax reports
28.4.2023
Digital bank Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users
Explaining ‘Bank Walks’ — Study Assesses How They Might Affect Credit
11.4.2023
Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit...
Digital bank Revolut launches crypto staking for UK and EEA customers: Report
6.2.2023
Currently, staking is available for DOT, XTZ, ADA, and ETH crypto assets, with yields reportedly ranging from 2.99% to 11.65%%
Digital Bank Revolut to Offer Crypto Staking: Report
6.2.2023
Revolut will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH). with yields ranging from 2.99% up to 11.65%