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Three-quarters of institutions to use crypto in the three years: Ripple
12.8.2022
Ripple's new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings
WEF’s Great Reset Agenda Continues to Get Significant Pushback From Critics
11.8.2022
Amid the Covid-19 pandemic in 2020, the world’s bureaucrats, financial institutions, multinational corporations, and international organizations started promoting the Great Reset concept, an idea launched by the World Economic Forum (WEF) that claims to bolster a greener and fairer world....
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
10.8.2022
“Things are much more encouraging, even though this is clearly a time of pain," said Wave Financial’s head of business development Mike Jones
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
9.8.2022
"Greater clarity" around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report
Speculators and Crypto Traders Blamed for Naira’s Plunge, Kenyan Institutions Told to End Dealings With Nigerian Fintechs, CAR Token Sale off to Slow Start
4.8.2022
In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs...
Kenya Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs
1.8.2022
In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates the CBK governor Patrick Njoroge...
Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products
1.8.2022
The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering in the country. These savings products, according to the bank, can only be made through verified banking institutions or...
The Right Side of Crypto Regulation: Institutions Need to Avoid Thucydides’ Trap
31.7.2022
Anton Chashchin is a Managing Partner at the digital assets platform Bitfrost.io. __________
The days when cryptocurrencies were reserved for the underground are fast becoming history. But the power dynamics in finance are all too familiar....
Read More: The Right Side of Crypto Regulation:...
Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
29.7.2022
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into...
UK National Crime Agency Seizes $33 Million in Cryptocurrency
28.7.2022
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said...
Large institutions sold $5.5B in BTC since May — and we're still here
22.7.2022
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research
Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury
20.7.2022
On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens...
Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function
19.7.2022
The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central...
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
2.7.2022
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European...
OKX Lures More Institutions with New Trading Feature
30.6.2022
Crypto exchange OKX is adding a new feature to make it easier for institutions to make large trades without risking price slippage.
According to an announcement from OKX on Thursday, the new feature, known as OKX Block Trading, will allow large orders to be transacted “in bulk.” A bulk order is...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies
30.6.2022
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...
EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation
30.6.2022
The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
29.6.2022
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle...
Anchorage Digital to Introduce Ether Staking for Institutions as Move to PoS Approaches
28.6.2022
The crypto custody firm is enrolling customers for ether staking a few months ahead of Ethereum’s planned transition to a proof-of-stake mechanism
Institutions are exploring the space — KPMG Canada crypto team
22.6.2022
Kareem Sadek and Kunal Bhasin said the team had seen “a lot of momentum” around the tokenization of assets, but was also considering the potential growth of NFTs and the metaverse