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European Traditional Finance Banks Join Forces for Blockchain-Based Digital Bonds Trading Platform
4.4.2023
Major European banks SEB and Crédit Agricole have launched so|bond, a new blockchain-based platform for issuing digital bonds in the traditional financial sector.
The new platform, said to be a “sustainable and open” blockchain, aims to improve efficiency and enable real-time data synchronization...
How the Federal Reserve Is Now Competing With Banks for Deposits: Enter the Reverse Repo Facility
4.4.2023
The U.S. Federal Reserve could be competing with commercial banks due to a facility called the “overnight reverse repurchase agreement facility,” which has currently drawn in more than $2 trillion in deposits. According to analysts, this has affected bank deposits, as investors run...
Twitter Changes Bird Logo to Picture of Doge, Dogecoin Price Surges 23% After the Change
3.4.2023
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated...
USDC's Depeg Laid Bare the Risks Traditional Finance Poses to Stablecoins
2.4.2023
A Moody's analyst examines how the recent banking crisis spilled into crypto, and why alternatives to stablecoins like tokenized bank deposits and CBDCs may be needed to prevent contagion
Crypto-friendly banks mismanaged traditional risks, FDIC head tells Senate hearing
28.3.2023
It all started with FTX, FDIC head Martin Gruenberg said; he emphasized that the American banking system remains sound
Crypto Banking Rules Could Be Modified If Market Reacts, Basel Committee Chair Says
28.3.2023
Controversial rules unveiled last year would discourage banks from holding assets such as bitcoin that are deemed risky
AllianceBlock Strikes Deal With Crunchbase to Bring Traditional Business Data to DeFi
28.3.2023
AllianceBlock, a blockchain-agnostic platform, has signed a deal with business data provider Crunchbase to import traditional finance data into the DeFi ecosystem
Traditional finance fears drive digital asset investment inflows to $160M
27.3.2023
According to CoinShares, crypto investment products experienced weekly inflows of $160 million, the largest since July 2022
Franklin Templeton Sees Web3 Driving Next Wave of Tech Innovations
27.3.2023
In a new report, the asset management giant outlines tech-driven megatrends that are shaping society, including decentralization
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard
27.3.2023
Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof...
Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
26.3.2023
Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major...
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
22.3.2023
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat
Traditional banks rely on ‘tiny buffer’: Paris Blockchain Week 2023
22.3.2023
Signature Bank is the best place for crypto banking, even if it goes bankrupt, Woorton co-founder Zahreddine Touag believes
Stop Blaming Crypto for Traditional Finance Failures
16.3.2023
After the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem
Blame traditional finance for the collapse of Silicon Valley Bank
16.3.2023
Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency
Bank of Russia Registers Another Digital Asset Issuer
13.3.2023
The Central Bank of Russia has added another entity to its register of authorized issuers of digital financial assets. The platform, called ‘Masterchain,’ becomes the fifth ‘information system operator’ in the country that can legally tokenize traditional assets and organize their trade. Number...
Crypto Community Pounces as Economist Paul Krugman Faces Traditional Finance Woes
9.3.2023
The crypto community is having a blast with a comment from prominent economist and crypto-critic Paul Krugman after he said he’s been locked out of Venmo and that the “software has taken control.”
The tweet from Krugman was posted on Wednesday and said that although he has been a user of...
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...
CoinEx Introduces Strategic Trading to Help Users Set out Sound Investment Plans and Stay Ahead
6.3.2023
PRESS RELEASE. In traditional financial markets, the term trading strategy describes a comprehensive plan covering all trading activities, guiding investors to execute their target trades. In the world of crypto, a trading strategy refers to a predetermined plan or trading behavior designed to help...
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...