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Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year
22.2.2023
The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and...
Report: South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution
21.2.2023
Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which...
US regulatory crackdown leads to $32M digital asset outflows: CoinShares
21.2.2023
Institutional investors are feeling the heat as the SEC targets all aspects of the crypto industry in the United States
Moody’s Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
17.2.2023
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial...
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks
16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...
NFEX Raises $3M Seed Round to Build NFT Derivatives DEX
15.2.2023
PRESS RELEASE. NFEX has completed a $3 Million seed round led by ABCDE Capital and included investment from other well-known institutions including Amber Group and Firestone Ventures. NFEX strives to build the best derivative NFT market, creating new opportunities to attract greater liquidity...
New North Korean Ransomware Threat to ‘Major Institutions’ Detected, Say South Korea, US
13.2.2023
South Korean and United States intelligence agencies have warned that Pyongyang-based hackers are trying to hit “major international institutions” with ransomware attacks. But experts say that “overlapping sanctions” could help Seoul and Washington thwart North Korean cyber thieves....
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JPMorgan Estimates Ethereum Shanghai Upgrade Might Bring More Investors to Stake in the Protocol
11.2.2023
JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in the protocol. The firm believes that this number might reach 60% of the ether issued, a number already...
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
10.2.2023
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges...
Binance Halting US Dollar Deposits and Withdrawals via Bank Accounts
7.2.2023
Global crypto exchange Binance is suspending deposits and withdrawals in U.S. dollars via bank accounts starting Wednesday as more and more banking institutions try to reduce their exposure to the crypto market. “We are working hard to restart service as soon as possible,” Binance said....
Russia’s Largest Private Bank Launches Digital Asset Platform
5.2.2023
Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week. Privately-Owned Alfa-Bank Sets Up Digital Asset...
Bitcoin’s big month: Did US institutions prevail over Asian retail traders?
3.2.2023
There may be no single reason for BTC’s 39% January price gain, but some suspect institutional investors. Can their impact be quantified, though?
White House Publishes ‘Roadmap’ to Mitigate Cryptocurrency Risks
29.1.2023
The White House has published a “roadmap to mitigate cryptocurrencies’ risks.” The roadmap calls for authorities to “ramp up enforcement where appropriate” and Congress “to step up its efforts” to regulate the crypto sector. It also notes that legislation...
US institutions account for 85% of Bitcoin buying in 'very positive sign' — Matrixport
27.1.2023
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin
FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies
26.1.2023
The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street...
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report
25.1.2023
Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
21.1.2023
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial...
CoinEx 2022 Year in Review: New Slogan, Better Product, and More User-Friendly Services
18.1.2023
PRESS RELEASE. 2022 is an extraordinary year for the crypto industry, and it is also a year of struggle for both institutions and users. For CoinEx, 2022 was also a special year – quite a few crypto platforms collapsed overnight, and the panic continued as the market went through disruptive...
Bernstein Analyst - Institutions Need to Give Up on Zero Crypto Strategies and Start Allocating Now
18.1.2023
Brokerage firm Bernstein has advised institutions to dabble into crypto and give up their "zero crypto allocation" strategy.
In a research report on Monday, the asset manager said crypto is poised to pivot from a fat infrastructure thesis to a fat application thesis in 2023, laying...