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Singapore Grants Ripple Full License to Provide Crypto Services
6.10.2023
The Monetary Authority of Singapore (MAS) has granted Ripple a full license to provide crypto services. “This license underscores the real-world utility of crypto solutions for businesses and financial institutions alike, marking an important step towards wider adoption of digital...
Hong Kong Emerging as Crypto Hub Amid East Asia's Regulatory Challenges - Is China Reversing Course?
4.10.2023
Although Eastern Asia - once a top market - has seen a decline in crypto activity over the past several years, Hong Kong may provide the region with "a potential tailwind," according to research firm Chainalysis.
While Hong Kong is rising as a global leader in the regulated digital asset market...
Brazilian CVM Resolution Comes Into Effect, Allowing Funds to Allocate Part of Their Portfolios Into Crypto
4.10.2023
The Brazilian Securities and Exchange Commission (CVM) has opened the doors for investment funds to invest in cryptocurrency. Resolution 175, drafted last year and coming into effect on October 2, defines the rules these institutions must follow to invest in crypto, with analysts predicting a rise...
Coinbase Obtains License From Singapore’s Central Bank — Crypto Exchange Sees Singapore as ‘a Vital Market’
3.10.2023
The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the crypto exchange emphasized....
Fireblocks Platform Now Offers Institutions Access to Tezos
28.9.2023
Fireblocks, a platform specializing in crypto custody and settlement services for financial institutions, has added full support for the Tezos (XTZ) network.
The move allows users of the Fireblocks Wallet to securely store Tezos-based assets and leverage the platform's decentralized...
Europe drives institutional crypto adoption: Blockchain Expo Amsterdam
28.9.2023
Conversations with key speakers at the Blockchain Expo in Amsterdam suggest that cryptocurrency exchanges and companies see Europe as a key region for growth
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
23.9.2023
Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting...
Coinshares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US
23.9.2023
Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge...
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...
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...
Blockchain Data Visualization Startup Bubblemaps Secures $3.2M in Seed Funding
19.9.2023
Paris-based Bubblemaps, a firm specializing in blockchain data visualization, announced on Monday that it had secured $3.2 million in seed funding from a group of investors. Bubblemaps stated that the newly acquired funds would be directed toward a mission to increase access to blockchain data...
SWIFT CBDC Interlinking Solution Enters Beta Testing
15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...
Today in Crypto: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio May Sue S.Korean Regulator, EY is Developing AI-Powered Platform
14.9.2023
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: Deutsche Bank Partners With Taurus to Provide Crypto Custody for Institutional Clients, BTC Lender Delio...
IMF Publications’ Report Highlights Growing Risks of Generative AI in Financial Sector
12.9.2023
As artificial intelligence (AI) continues its expansion into the finance sector, a new report published on the International Monetary Fund (IMF) Publications web portal cautions about risks associated with the latest AI capabilities in the financial world. The Rise of Thinking Machines: Report...
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
12.9.2023
Coinbase, best-known for being one of the largest crypto exchanges for retail customers, continued its expansion into the professional space with the introduction Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi
48% of Asset Managers Hold Crypto For Clients: Coalition Greenwich Report
8.9.2023
A new study reveals nearly half of institutions in the United States, UK, and Europe offer digital asset services to their clients.
In a recent survey conducted by Coalition Greenwich and Amberdata, 48% of asset management institutions manage crypto for their clients with a general bullish stance...
Coinbase Launches Crypto Lending Service for Institutional Investors
8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...
Coinbase launches crypto lending platform for US institutions
6.9.2023
Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted issuance of new loans in May
26th Annual Capital Management for Banking Institutions Conference
1.9.2023
The financial industry is gearing up for the 26th Annual Capital Management for Banking Institutions Conference, scheduled to take place from November 29 to December 01, 2023, in London, UK. This premier event is set to bring together esteemed speakers from leading global financial institutions...
Expleo recognizes leaders & financial institutions driving digital transformation in the Philippines
29.8.2023
While the country’s financial services sector is pacing to incorporate technology innovations in its core infrastructure, its massive unbanked population (71%) now has a better chance at wealth management. Driven by digitalization, a favorable regulatory framework, and steady modernization...