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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
Former Fed Chair Ben Bernanke Wins Nobel Prize in Economics ‘for Research on Banks and Financial Crises’
11.10.2022
Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame...
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
10.10.2022
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute...
2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review
9.10.2022
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with credit default insurance levels looking like those last seen in the 2008 financial crisis....
Crypto Biz: NYDIG stacks sats, Elon buys Twitter
7.10.2022
Amid the bear market, positive signs of crypto adoption continue to emerge. Also, Elon Musk is finally moving ahead with plans to acquire Twitter