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Banks Under Pressure From the Crypto World, Fear Replacement by Stablecoins


U.S. banks are starting to feel pressure from the cryptocurrency world as the recently approved GENIUS Act opens the door for stablecoins to enter finance. Bank executives fear this could trigger a wave of substitution that would make them obsolete. Banks Fear Substitution by Stablecoins After...

Central Bank of Brazil Dismisses Strategic Bitcoin Reserve Implementation


During the first congressional public hearing on a Strategic Bitcoin Reserve proposal in Brazil, Luís Guilherme Siciliano, head of the International Reserves Department at the central bank, said that adopting the bill would increase risks to the nation’s reserve portfolio. Central Bank of Brazil...

Xapo Bank Receives Regulatory Approval for New Bitcoin Yield Product


Xapo Bank has announced that it has received full regulatory approval from the Gibraltar Financial Services Commission for its new bitcoin yield product, developed in partnership with Hilbert Capital. This development allows Xapo Bank members to access the Xapo Byzantine Bitcoin Credit Fund, which...

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