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Segregation of Exchanges, Market Makers and Custodians Necessary for Crypto Businesses to Thrive
10.12.2023
  Crypto whales acquire AI token $LPXX amid Microsoft’s AI talent acquisition. Image by Kaleb, Adobe Stock. The cryptocurrency sector may be advancing, yet industry experts are becoming aware that exchanges, market makers and custodians must act as separate entities in order...
US Senator Calls for Light Crypto Regulation That Doesn’t Kill Innovation and Drive Companies Offshore
9.12.2023
A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to disrupt much of the traditional banking model,” he stressed that crypto regulation needs to...
Safe, Sygnum Bank, CoinCover Partner to Launch Optional Crypto Recovery Hub
8.12.2023
Source: Sygnum Smart wallet infrastructure provider Safe is partnering to launch a curated suite of crypto recovery options, dubbed “Safe Recovery Hub.” The service is offered in collaboration with global digital asset banking group Sygnum Bank and the UK-regulated recovery service provider...
Grayscale CEO Claps Back At Jamie Dimon For Saying Bitcoin Should Be Banned
8.12.2023
Source: Ascannio / Adobe Stock. Bitcoin is here to stay whether big banking executives like Jamie Dimon like it or not, according to Grayscale CEO Michael Sonnhenshein. The executive is the face of the company spearheading the world’s largest Bitcoin (BTC) and Ethereum (ETH) investment funds....
JPMorgan’s Jamie Dimon Urges Government to Shut Down Bitcoin
7.12.2023
Source: a video screenshot During a Senate Banking Committee hearing on Capitol Hill, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to cryptocurrencies, specifically Bitcoin (BTC). Dimon’s remarks came in response to questioning from Senator Elizabeth Warren, where...
JPMorgan Chase CEO Jamie Dimon on Crypto: “If I was the government, I’d close it down”
6.12.2023
  JPMorgan Chase CEO Jamie Dimon delivered scathing remarks about the crypto industry during testimony at a Senate Banking Hearing Wednesday. Dimon “deeply opposed” to crypto “I’ve always been deeply opposed to crypto, Bitcoin, etc.,” Dimon said while fielding questions from Senator Elizabeth...
JPMorgan's Jamie Dimon and Sen. Elizabeth Warren Team Up to Bash Crypto
6.12.2023
JPMorgan Chase CEO Jamie Dimon has never been shy about trashing crypto, even while his giant Wall Street bank became a leader in using blockchain technology to move billions. At a U.S. Senate hearing Wednesday, he slammed the industry again, to the delight of Sen. Elizabeth Warren (D-Mass.),...
SocGen’s Own Stablecoin Set to Debut Trading on Bitstamp Exchange
6.12.2023
Source: AdobeStock / AUFORT Jérome French banking giant Societe Generale is listing its stablecoin, dubbed EUR CoinVertible, on the Luxembourg-based Bitstamp crypto exchange. EUR CoinVertible will be fully backed by Euros and issued on the Ethereum public blockchain, SocGen said in a release....
Brazil’s Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Services
5.12.2023
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all users. Itau Unibanco Opens...
US Financial Services Platform Sofi Announces Exit From Crypto Market
5.12.2023
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who...
AXA, Generali Jump on the RWA Wagon Following Purchase of SocGen’s Green Bonds
5.12.2023
Source: Shutterstock AXA Investment Managers and Generali Investments have recently joined the growing bandwagon of companies purchasing tokenized green bonds as the digitalization of real-world assets (RWAs) gains momentum. According to a press release by French banking giant Societe Generale,...
JPMorgan’s JPM Coin to Make Its Debut on Interbank Transactions
4.12.2023
Jpm coin, JPMorgan’s official token, might be used to make interbank transactions now that it debuted on Partior, a blockchain-based banking settlement system. The platform, launched jointly by JPMorgan, DBS Bank, Temasek, and Standard Chartered, allows customers to transact value between...
Bitcoin Price Prediction: BTC Soars 3.5%, Fed Cuts Stir USD, Zodia Joins Ripple’s Network
4.12.2023
In a striking display of market dynamics, Bitcoin’s price surged to $40,630, marking a notable 3.50% increase on Monday. This uptrend in Bitcoin’s value coincides with a weakening US Dollar, as market speculation intensifies around potential Federal Reserve rate cuts. Adding to...
JPMorgan Report Highlights Resurgence in DeFi and NFT Sectors
1.12.2023
Source: Pixabay American banking giant JPMorgan has shed light of optimism in the decentralized finance (DeFi) and non-fungible tokens (NFT) sectors. A JPMorgan report published Thursday revealed notable revival in the DeFi and NFT activity, spurred by an improved crypto markets sentiment. Titled...
SEBA Bank Rebrands to AMINA Bank, Shoots for Global Expansion
1.12.2023
Crypto-friendly Swiss-based SEBA Bank AG has announced its new brand identity: AMINA Bank AG. According to the press release shared with Cryptonews, the rebrand will not affect the bank’s current clients “other than encountering the new name.” It stated that, “All operations will be business...
Binance Rolls Out Third-Party Banking Agreement to Reduce Counterparty Risk
30.11.2023
Binance has announced the world’s first cryptocurrency triparty arrangement with a third-party banking partner, according to a press release put out by the crypto exchange Wednesday. Off-exchange collateral The agreement gives customers the option of keeping their collateral off-exchange with...
European Central Bank Official Warns: Crypto Entities to Face Stringent Banking Oversight
30.11.2023
Source: Adobe / nmann77 Andrea Enria, Chair of the supervisory board at the European Central Bank (ECB), has emphasized the need for rigorous regulation when crypto entities start resembling banks. In a recent interview with Germany’s Handelsblatt, Enria pointed to the challenges in supervising...
Australia Considers Sector-Specific Codes for Addressing Banking and Crypto Scams
30.11.2023
Source: AdobeStock / FiledIMAGE The Australian Department of the Treasury is considering applying sector-specific codes and standards to banking and cryptocurrency scams as part of its proposed framework. On November 29, a consultation paper titled “Proposed Scams Code Framework,” aimed...
How DeFi Can Bridge the Forex Gap in Africa, According to Banking CEO
30.11.2023
Source: AdobeStock / Confidence Neobank Canza Finance‘s decentralized finance (DeFi) tech provides decentralized foreign exchange (FX) for African currencies, its CEO and co-founder Pascal Ntsama IV said. Canza website stresses that access to financial services and products is “a...
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...