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Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools


  Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.... Read More: Chinese Banks Launch Automatic Digital...

Bankoff Crypto Cards Suspended Amid High Volume of Russian Transactions


Bankoff, a platform offering virtual cards that could be topped up with cryptocurrency, has told customers its cards are no longer supported by payment systems Visa and Stripe. They allowed Russians to pay abroad after major processors restricted their services in the country. Visa and Stripe Halt...

Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina


Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from...

Goldman Sachs Confirms It Granted a Lender a Bitcoin-backed Loan


  The American investment banking heavyweight Goldman Sachs has granted a customer a cash loan backed by bitcoin (BTC). Bloomberg reported that Goldman Sachs had confirmed that it had lent cash in a deal that was “collateralized by bitcoin owned by the borrower,” per “a spokeswoman for...

Banking Giants Goldman Sachs and Commerzbank Take New Steps Towards Crypto


  The American investment bank Goldman Sachs is taking another step toward the crypto industry with a private meeting between its CEO and crypto exchange FTX’s founder & CEO Sam Bankman-Fried. Meanwhile, German bank Commerzbank also appears to be strengthening its crypto offering after it applied...

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