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Santander to Offer Cryptocurrency Services in Brazil in the Coming Months
29.7.2022
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into...
UK National Crime Agency Seizes $33 Million in Cryptocurrency
28.7.2022
The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said...
Large institutions sold $5.5B in BTC since May — and we're still here
22.7.2022
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research
Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury
20.7.2022
On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens...
Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function
19.7.2022
The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central...
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
2.7.2022
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European...
OKX Lures More Institutions with New Trading Feature
30.6.2022
Crypto exchange OKX is adding a new feature to make it easier for institutions to make large trades without risking price slippage.
According to an announcement from OKX on Thursday, the new feature, known as OKX Block Trading, will allow large orders to be transacted “in bulk.” A bulk order is...
EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies
30.6.2022
European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively...
EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation
30.6.2022
The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement...
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
29.6.2022
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank, will become a custodian for the company’s stablecoin reserves. Circle...
Anchorage Digital to Introduce Ether Staking for Institutions as Move to PoS Approaches
28.6.2022
The crypto custody firm is enrolling customers for ether staking a few months ahead of Ethereum’s planned transition to a proof-of-stake mechanism
Institutions are exploring the space — KPMG Canada crypto team
22.6.2022
Kareem Sadek and Kunal Bhasin said the team had seen “a lot of momentum” around the tokenization of assets, but was also considering the potential growth of NFTs and the metaverse
Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks
17.6.2022
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop...
Co-Founder of Africa Focused Fintech: Traditional Banks Not Optimized to Serve the Unbanked
2.6.2022
For years, traditional financial institutions in different parts of the world have been attempting to narrow the financial exclusion gap by extending their services to the unbanked population. Yet for many reasons, these institutions still cannot avail their products and services to everyone that...
Brazilian Development Bank Launches Blockchain Network
1.6.2022
The Brazilian Development Bank has officially launched the Brazilian Blockchain Network, a structure designed to aid other institutions in the country in increasing public transparency. The launch, which was also assisted by the Court of Accounts of the Union, serves to call more institutions...
Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business
24.5.2022
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade...
The World Economic Forum Is Worried About Safety in the Metaverse
23.5.2022
The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming...
Anonymous Allegedly Hacks Sberbank, Russia’s Largest Bank
20.5.2022
Hacktivist collective Anonymous has allegedly breached the systems of one of the largest financial institutions in Russia, Sberbank. The attackers announced on social media they have published thousands of emails, phone numbers, and addresses. Anonymous Hackers Reportedly Gain Access to Sberbank...
First Mover Americas: Institutions Look To Be Selling BTC in Falling Market
9.5.2022
The latest moves in crypto markets in context for May 9,2022
US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7
7.5.2022