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Mastercard and Paxos help banks offer crypto, Jack Dorsey details new social platform and Tesla hodls BTC: Hodler’s Digest, Oct. 16-22
22.10.2022
Brazil-Based Neobank Nubank to Launch Own Cryptocurrency as Part of Loyalty Program
20.10.2022
Nubank, one of the largest digital banks in the world, has announced it will issue its own cryptocurrency during the first half of 2023. The currency, called Nucoin, will be issued on top of Ethereum with the help of Polygon, a second layer that allows users and developers to take advantage...
Crypto adoption: How FDIC insurance could bring Bitcoin to the masses
20.10.2022
FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption?
Institutional crypto adoption requires robust analytics for money laundering
20.10.2022
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions
Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership
20.10.2022
N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets
South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses
19.10.2022
South Korea may soon do away with plastic – and ditch physical forms of ID in favor of blockchain technology-powered alternatives....
Read More: South Korea to Roll out Digital IDs as Banks Push Blockchain Driver’s Licenses
Ethiopia Orders Banks to Reject Requests for Foreign Exchange to Buy ‘Non-Priority Products’
19.10.2022
The Ethiopian government has instructed banks to reject requests for foreign currency to buy so-called non-priority products. The Ethiopian Minister of Industry Melaku Alebel Addis has defended the move, saying this will allow local manufacturers to grow and become competitive. The restrictions...
Mastercard to Help Banks Offer Crypto Trading — Executive Says Crypto Is on the ‘Cusp of Really Going Mainstream’
18.10.2022
Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto...
Mastercard taps Paxos to launch crypto trading for banks
17.10.2022
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services
Report: South Korean Prosecutors Seek Software to Track and Monitor Crypto Transactions
17.10.2022
South Korean prosecutors investigating a $7.22 billion money laundering case are reportedly seeking to acquire virtual currency tracking software to be used in monitoring crypto transactions. South Korean financial authorities also believe there is a tax evasion angle to the case. Real-Time...
Ugly Bargains Between Banks and Regulators Are Rearing Their Head Again
14.10.2022
The "know your customer" and anti-money laundering system has evolved to become an excessive constraint on financial access and a dangerous imposition on liberty and privacy – even if the original security intent was reasonable
Spanish Exchange Bit2Me Launches API for Crypto-Keen Banks
14.10.2022
The Spanish crypto exchange player Bit2Me says that it has launched an API for banks and companies looking to get into the crypto space.
An API is an Application Programming Interface, in essence, a software-based intermediary platform that lets two applications communicate with one other....
Report: Withdrawal Limits for Egyptian Travelers Lowered as Banks Seek to Conserve Scarce Forex
13.10.2022
According to a report, some Egyptian banks recently informed clients who plan to travel abroad that they can now only withdraw $2,000 or less. The banks have also lowered the amount of foreign exchange that clients can withdraw when abroad. Egypt’s ongoing shortage of foreign exchange...
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
13.10.2022
The official's comments might be relevant to bitcoin traders, since the largest cryptocurrency's has proven to be correlated with the dollar's strength in foreign-exchange markets
Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision
12.10.2022
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies
Custodia Bank founder Caitlin Long has some strong words about the Fed and BNY Mellon
12.10.2022
The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed
US Acting Comptroller urges not to rush with the crypto regulation
12.10.2022
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry
BNY Mellon, America's oldest bank, launches crypto services
11.10.2022
The bank will store private keys and provide bookkeeping services equivalent to those offered to fund managers in traditional assets
Economists debunk the banking system and win the Nobel Prize
11.10.2022
Three economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank collapses
Crypto and digital bank MinePlex secures $100M in funding from GEM
11.10.2022
The funding will be used in new banking technologies, including a collaboration with Mastercard and Visa for crypto transactions