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The ‘central bank of central banks’ is building a CBDC settlement platform
22.1.2021
The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year
Biden Administration Reported to Be Lining up a Former Ripple Advisor as the Next Bank Regulator
22.1.2021
Micheal Barr, the former member of Ripple’s board of advisors, is set to become the United States’ next banking regulator, according to a report. A former assistant treasury secretary, Barr will become the second individual with crypto connections to lead the Office of Currency...
Signature Bank Crosses $10B in Deposits From Crypto Customers
21.1.2021
Signature's $10 billion in deposits from crypto businesses is now double that of rival Silvergate
While China's CBDC sets the pace, the yuan stumbles in usage abroad
21.1.2021
The past two years were much harder on the dollar, however
Top Russian bank Sberbank plans to launch its stablecoin by spring 2021
21.1.2021
Sberbank has applied with the Central Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin
Signature Bank Adds $2.5B in Non-Interest Bearing Deposits in Q4
21.1.2021
The figure is seen as a proxy for growth among crypto-industry clients
Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020
21.1.2021
The majority of the new deposits came from cryptocurrency exchange clients
UK Liquidity Provider Develops First Crypto ETP For Swiss Bank
21.1.2021
UK liquidity provider GHCO is planning to venture into the cryptocurrency exchange-traded product (ETP) market with the launch of a new product in February. The business is set to initiate market making ETPs for Swiss bank SEBA, but senior company representatives say the firm is also holding talks...
Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar
21.1.2021
According to a recent report, the cryptocurrency custodian Xapo is getting ready to become a “fully-fledged” bank in the British Overseas Territory of Gibraltar. The region located at the southern tip of the Iberian Peninsula has also been extending “regulatory guidelines...
Sweden is working with DLT for its CBDC proof-of-concept
20.1.2021
Sweden’s central bank deputy governor recently updated the public on the country’s CBDC exploration
Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey
20.1.2021
According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. Bitcoin Bubble Ranking Still, a majority of...
Over Half of Investors Think Bitcoin, Tesla Stock Are Biggest Bubbles: Deutsche Bank Survey
20.1.2021
While many respondents saw bitcoin as a major bubble, 25% believed it could double its price tag to north of $70,000 by the start of 2022
Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation
20.1.2021
Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments...
Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Australian Bitcoin Trader Sues Banks for Systematic Discrimination
19.1.2021
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks...
French Central Bank Trials Digital Currency for Interbank Settlement
19.1.2021
The pilot involved the settlement on a private blockchain of around €2 million
Bitcoin overtakes tech as most crowded trade, says Bank of America survey
19.1.2021
“Long Bitcoin” has once again flipped “long tech” as the most crowded trade based on Bank of America's recent fund manager survey
Bank of France settles $2.4M fund in central bank digital currency pilot
19.1.2021
The Bank of France processed $2.4 million worth of fund units using a CBDC in December as part of ongoing experiments into blockchain and stablecoin technology
Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey
19.1.2021
Bank of America's January survey of fund managers indicated bitcoin is now seeing the most capital inflow
Freedom Fighting Atilis Gym Chooses to Accept Crypto Donations- BCH Supporters Set Gym Up With an Uncensorable Fundraiser
18.1.2021
After the co-owner of the Atilis Gym in New Jersey appeared on TV and told the public the state confiscated over $173k from the gym owner’s bank account, Ian Smith revealed Atilis Gym has now set up a crypto wallet. Smith explained that a number of people didn’t want to donate using...