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Nexo To Launch New Services, Eyes Decentralization As It Aims To Become A Bank
17.11.2020
Source: A video screenshot, Youtube/Nexo
By the end of this year, major crypto lender Nexo (NEXO) aims to launch an internal exchange, while they're also working on prime brokerage and commercial banking capabilities as the company aims to become “a full-fledged bank,” Antoni Trenchev, Co-Founder...
Former Bank of Japan exec says Japan will need years to issue digital yen
17.11.2020
A former Bank of Japan official is concerned about a digital yen triggering massive outflows from private bank deposits
Custodian Anchorage Seeks Charter From Crypto-Friendly US Bank Regulator OCC
17.11.2020
If its application is approved, Anchorage would be the first crypto company to get a national bank charter
Cheese Bank's multi-million dollar hack explained by security firm
16.11.2020
Nefarious parties are using flashloans in conjunction with stablecoins to steal DeFi funds from platforms
Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon
16.11.2020
A Belarusian bank is launching a bitcoin buying service via bank cards for citizens of Belarus and Russia
Kyrgyzstan's central bank developing draft law for cryptocurrency industry
16.11.2020
Solid crypto regulations would be a long time coming for Kyrgyzstan
300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING
15.11.2020
A new report reveals that more than 300 banks in Germany are now charging some customers negative interest rates. Some are big global banks, including Deutsche Bank, Commerzbank, and ING. 300 Banks Pass on the Burden of Negative Interest Rates to Customers Banks in Germany have been increasingly...
Central bank digital currencies are dead in the water
15.11.2020
CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth and your money
Ukraine is prepared to lead Eastern Europe’s crypto space
15.11.2020
The Ukrainian government is making serious steps toward crypto to make the country a leader in Eastern Europe
Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban
15.11.2020
The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange...
Ripple Forced To Rebrand PayID Trademark After Copyright Infringement Lawsuit
15.11.2020
Ripple Labs Inc., issuers of the XRP cryptocurrency, has filed for a new trademark called “Paystring” with the US Patent and Trademark Office (USPTO). The trademark was filed on Nov. 6 and accepted on Friday, according to the USPTO website. Although Ripple did not specify which sort...
Belarus’ Largest Bank Launches Cryptocurrency Exchange Service
14.11.2020
The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local...
Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’
13.11.2020
In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed...
BIS head says physical cash still important, even if CBDCs take over
13.11.2020
BIS Innovation Hub head Benoît Cœuré stressed the importance of maintaining multiple payment options beyond just CBDCs
"Banks will have to adjust" to crypto, says Bank of England leader
13.11.2020
Jon Cunliffe, one of the leaders of England's central bank, said banks must adapt to the changes brought on by digital assets
Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report
13.11.2020
Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility
Belarus’ largest bank reportedly launches crypto exchange service
13.11.2020
Another bank is reportedly moving into crypto amid a major bull run in crypto markets
ECB’s Lagarde Has ‘Hunch’ Digital Euro Will Launch in 2-4 Years
12.11.2020
ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance
Russia's proposed crypto amendments have a major blind spot
12.11.2020
The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals?
Deutsche Bank: central bank digital currency will replace cash in long term
12.11.2020
Deutsche Bank has called on Europe to accelerate the development of central bank digital currencies