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US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients
6.10.2021
US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that...
America’s fifth-largest bank launches crypto custody service — Report
5.10.2021
U.S. Bank is now providing custody services for Bitcoin, Bitcoin Cash and Litecoin, according to a company executive
Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’
5.10.2021
Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,”...
Arab Bank has chosen Tezos to facilitate institutional custody service
5.10.2021
The Switzerland firm is an independent sister company of Arab Bank plc
US Bank Becomes Bitcoin Custodian, Axie Infinity Valued at USD 3B + More News
5.10.2021
ace-to-cater-to-crypto-demand.html">reported. The offering will help investment managers store private keys for bitcoin (BTC)
Tanzania Central Bank Heeding Call to Prepare for Crypto, Economists Express Reservations
5.10.2021
While the Bank of Tanzania (BOT) executives continue to reiterate the central bank’s willingness to heed the government’s call to prepare for cryptocurrencies, some economists insist Tanzania lacks the resources needed for it to adopt such digital currencies. Economists: Tanzania...
Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’
5.10.2021
The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle...
Bank of America offers bullish outlook for DeFi and NFTs
5.10.2021
“[Crypto] is a trend that has barely started — money is the easiest application and the Bitcoin use case started there,” said Bank of America
JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’
5.10.2021
The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to...
Silvergate Bank issues $100M credit line to mining firm Marathon Digital
4.10.2021
"We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel
Facebook Down, Bank of America Researches Crypto, Bitcoin Mining Difficulty + More News
4.10.2021
> that they are "aware that some people are having trouble accessing Facebook app" and that they are "working to get things back to normal as quickly as possible." (Learn more:
Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar
4.10.2021
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours...
IMF: Issue CBDCs, Improve Cross-border Payments to Counter Crypto’s ‘Phenomenal Growth’
4.10.2021
a dedicated chapter, and suggested that economic leaders fight back against crypto – by issuing their own central bank digital currencies (CBDCs).In an accompanying blog post, the IMF
Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
3.10.2021
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A study on the matter will commence soon and will be conducted with the support of a fintech startup based in Japan. Central Bank of Laos Joins Race...
Federal Reserve Chairman Powell Says No Intention to Ban or Limit Use of Cryptocurrencies
2.10.2021
Federal Reserve Chairman Jerome Powell confirmed during a hearing before the House Financial Services Committee that he has no intention to ban or limit the use of cryptocurrencies. He also commented on the regulation of stablecoins. Powell Says ‘No Intention to Ban’ Crypto...
Nigeria CBDC Countdown: Central Bank Delays E-Naira Rollout
2.10.2021
A spokesperson for the Central Bank of Nigeria (CBN), Osita Nwanisobi, has said the launch of the much-hyped e-naira central bank digital currency (CBDC) has now been postponed to a later date. Nwanisobi’s announcement came less than 24 hours before the CBN was scheduled to launch...
Third-Largest Bank in France Societe Generale Proposes Use of Defi Protocol Makerdao
1.10.2021
French multinational investment bank and financial services company, Societe Generale, has proposed to leverage the decentralized finance (defi) protocol Makerdao. The proposal dubbed “Security Tokens Refinancing” was published on October 1 to Makerdao’s forums and...
Biden Admin weighing bank-like regulation for stablecoin issuers
1.10.2021
The United States government appears keen to tame the rapidly growing stablecoin market, according to reports
Singapore Grants Crypto Licenses to DBS and Independent Reserve
1.10.2021
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk....
Brazil Stock Exchange wants to provide oracles for digital real
1.10.2021
“We are looking at it and evaluating the best ways to interact and participate in this ecosystem,” a B3 exec said