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State-owned German Bank Set to Introduce Blockchain-Backed Digital Bonds
8.5.2024
On May 6, the state-owned German bank KfW declared that it would issue its first digital bonds based on blockchain technology. This action represents a significant advancement in Germany's traditional banking institutions' adoption of blockchain technology.
The post State-owned German Bank Set...
Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access
1.3.2024
Traditional banking giants Bank of America and Wells Fargo are offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs).
The post Traditional Banking Titans Bank of America and Wells Fargo Look to Offer Bitcoin ETF Access appeared first on Cryptonews
Traditional Banking Sector Helped to Fuel Misconceptions About Regulators’ Stance on Crypto, Says Karim Chaib
11.2.2024
Although many global regulators are commonly perceived to be against offering regulation that is supportive of crypto, Karim Chaib, the CEO of the digital assets platform Web3intelligence, asserts that their stance is, in fact, intended “to ensure a safe and secure environment for both...
Neobanking app enfineo claims it can bridge traditional finance with cryptocurrencies
9.2.2024
  Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings...
Vast Bank Withdraws From Cryptocurrency Sector, Shuts Down Mobile App
7.2.2024
Vast Bank, the U.S. financial institution that once offered customers the unique ability to manage cryptocurrencies alongside traditional banking, is exiting the digital asset space and shutting down its crypto mobile app in response to a consent order from the Office of the Comptroller of...
Metallicus Introduces New Metal Blockchain Banking Innovation Program
23.1.2024
  From the start, Metallicus has operated with a vision that the future of crypto is secure and compliant. With a dynamic advisory board made up of diverse leaders from the blockchain, cryptocurrency, and traditional banking worlds, they have steadily worked to advance their strategy to build...
Franklin Templeton’s Executive Expects All Nations to Hold Bitcoin — ‘Every Country Is Going to Have to Hold Some Reserves’
19.12.2023
An executive at trillion-dollar asset manager firm Franklin Templeton expects bitcoin to become “something that every treasury needs to hold.” She believes that “every country is going to have to hold some reserves,” emphasizing that the cryptocurrency is “working its way increasingly into...
US Senator Calls for Light Crypto Regulation That Doesn’t Kill Innovation and Drive Companies Offshore
9.12.2023
A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking model,” he stressed that crypto regulation needs to...
US Treasury Deputy Secretary: Crypto Not Major Source of Funding for Terrorists
30.10.2023
U.S. Treasury Deputy Secretary Wally Adeyemo says crypto is not the vast majority of the ways terrorist groups are funded, noting that these organizations “continued to use the traditional banking system.” His statements followed media reports claiming that Hamas raised a large sum...
Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes
22.9.2023
Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking institutions were “not addressing the needs of their...
Tim Draper Predicts Bitcoin Will Outpace Fiat Currencies, Asserts Its Superiority Over Traditional Banking
26.7.2023
Renowned bitcoin investor and venture capitalist, Tim Draper, envisions a future where bitcoin emerges as a formidable competitor to the world’s fiat currencies. During a recent interview with Fox News, Draper argued that bitcoin’s inherent safety and superiority surpass those...
Breaking the Barriers of Traditional Banking With Digital Assets
3.5.2023
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players....
Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up
18.4.2023
As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s...
Kraken Crypto Exchange to Disrupt Traditional Banking with the Launch of Its Own Bank for Digital Assets – Here's What You Need to Know
7.3.2023
Major crypto exchange Kraken is finally putting its feet into the banking waters with the new Kraken Bank.
"We're building a better kind of crypto & bitcoin bank for our clients," said the exchange on its website. The Wyoming, USA-based bank is called Kraken Financial, but "due to overwhelming...
Costa Rica Might Be the Next Country to Establish Bitcoin as Regulated Currency
28.10.2022
Costa Rica could be one of the next countries to adopt bitcoin as a regulated payment method. This week, Congresswoman Johana Obando introduced a bill to allow bitcoin and other cryptocurrencies to serve as a form of payment. The bill also proposes that traditional banking institutions be able...
Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets
23.2.2022
The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial...
ADALend: Major Developments on the Horizon
31.1.2022
ADALend’s mission is to democratize the lending industry by using the Cardano blockchain to eliminate the traditional banking middlemen. This will be accomplished through the development of a platform that connects borrowers, and lenders in a decentralized manner. With the help of blockchain...
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...
Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil
7.9.2021
Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market...
Coinbase Launches High Yield USDC Accounts With 4% APY
30.6.2021
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With...