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Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...
Merging traditional finance and DeFi is critical for mass adoption
4.2.2021
If we want to achieve mainstream adoption, we must move toward an industry where DeFi can also serve legacy financial institutions
A Reddit Army Blurs The Line Between Crypto and Traditional Finance
1.2.2021
Philip Gradwell is Chief Economist at Chainalysis. He provides data and insight on the uses of cryptocurrencies and the direction of the market at markets.chainalysis.com.
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What does the phenomenon of retail traders coordinating on the internet to turn finance on its head have to do with...
Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’
31.1.2021
The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.”...
Traditional Lenders Extended Millions in Loans to the Crypto Space Through Genesis in Q4
26.1.2021
The average loan size for a first time lender on the platform is $3.2 million, Genesis said
Arca secures $10M in Series A funding as traditional financiers back crypto
13.1.2021
Arca will use the funding to beef up its infrastructure and expand its crypto asset-class offerings
OCC's Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
12.1.2021
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers
Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge
10.1.2021
The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services
MinePlex Creates CrossFi Crypto Bank by Combining Traditional Finances With Blockchain
24.12.2020
PRESS RELEASE. The MinePlex platform announces the creation of a new mobile crypto bank for CrossFi industry that aims to combine the traditional financial instruments with blockchain technologies. The mobile crypto bank is supplied with the functionality that allows using cryptocurrencies...
Traditional banks offer digital asset custody amid compliance legislation
22.12.2020
Compliance and regulations become more important than ever before for banks and traditional institutions that offer support for digital assets
Traditional crypto custodians ramp up security to accommodate institutional demand
19.12.2020
Offline storage solutions are necessary for traditional custodians and banks supporting digital assets
If Traditional Finance Moves to CBDCs, 2 Scenarios Open for DeFi - INDX CEO
17.12.2020
Source: Adobe/Михаил Зябликов
Traditional finance can't escape decentralized finance (DeFi). The former's move into digital currencies is bound to impact both, producing two main possible scenarios, according to Jonathan DeCarteret, CEO of tokenized crypto fund INDX Capital.
DeFi is light years...
JPMorgan Sees $600 Billion Demand for Bitcoin From Global Institutional Adoption
15.12.2020
JPMorgan’s analysts have predicted significant demand for bitcoin following the $100 million purchase of the cryptocurrency by Massmutual. The analysts believe that other traditional investors, including pension funds, will follow suit, leading to a conservative estimate of $600 billion...
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
13.12.2020
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever...
Bitcoin will gain from distrust in traditional finance, says bank strategist
10.12.2020
Will Bitcoin end the dollar’s supremacy one day?
Facebook’s Diem stablecoin is an existential threat to traditional banking
5.12.2020
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future
$50K BTC in 2021? Bloomberg Analysts Join the ‘Traditional Onslaught’ Driving Bitcoin’s Rally
5.12.2020
A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset
'Traditional' Art vs. Crypto Art: How to Value It
5.12.2020
EthBoy, by Trevor, Alotta Money. Sold for ETH 260. Updates once a day to reflect ETH/USD, BTC/USD, and Ethereum network gas prices. While the crypto art space seems to be growing at an increasingly fast pace, critics challenge its ability to rival the traditional art market in function...
Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open
4.12.2020
While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account...
KP2R Network: A Decentralized Marketplace for Developers
27.11.2020
PRESS RELEASE. The past decade has witnessed a revolution in traditional finance led by the utilization of blockchain technology. Blockchain technology has shown greater use cases since the development of leading coin Bitcoin. It has been used in different sectors of world economics including...