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Crypto and DeFi disintermediate banking in new ways, says OCC head
16.9.2021
The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
16.9.2021
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small...
SEC Chief May be Gunning for Crypto Exchanges and Altcoins
14.9.2021
a> and ethereum (ETH) exclusively.Gensler is set to appear before the US Senate Committee on Banking, Housing, and Urban Affairs today, ahead of which his
NYDIG Partners With MVB Bank to Offer White Label Bitcoin Solutions
10.9.2021
NYDIG, a Bitcoin-based fintech firm, has announced it will partner with MVB bank to integrate its Bitcoin services into MVB’s banking as a service solution. The joint effort will allow the development of a white label solution, allowing third parties to complete their financial services with...
South Korea: Four Exchanges Safe but USD 2.6B Closure Storm Brewing
10.9.2021
To do so, they need to fulfill a number of criteria, including securing information security management system (ISMS) certification and real-name authenticated banking contracts for their customers. The latter has proved extremely problematic for most exchanges.The market leader Upbit last
Standard Chartered Report Structurally Values Ethereum at ‘$26K to $35K’
7.9.2021
A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.”...
Bitcoin Adoption in Focus as El Salvador Enters New Era
7.9.2021
itute think tank and author of several books on money and banking, shared his skepticism about the issue.Among the many things, Selgin took aim at the popular notion that nearly everyone in El Salvador will benefit from the USD 30 that the government says will be given away to every citizen w
Visa Plans to Bring Cryptocurrency Services to Traditional Banks in Brazil
7.9.2021
Visa, the multinational payments giant, has announced it is planning to bring cryptocurrency services to traditional banking platforms in Brazil. The company also announced that it is working with several cryptocurrency companies in the country to bring cryptocurrency payment cards to the market...
Caitlin Long takes aim at The New York Times over crypto 'alarm' article
7.9.2021
Regulated crypto bank Avanti CEO Caitlin Long says tarring the entire crypto industry with the same brush is unfair
ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years
7.9.2021
The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based...
Baanx Acquires Stake in Major US Fintech Bank
6.9.2021
PRESS RELEASE. Baanx, the fast growing B2B2C “Better than a Banking Platform” specializing in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking...
BTC Markets taps licensed neobank Volt for integrated banking features
6.9.2021
Fintech companies see an opportunity in the negligence and reluctance of traditional banks toward the cryptocurrency ecosystem
BBVA Switzerland Launches ‘New Gen’ Digital Account With Integrated Crypto Wallet
4.9.2021
Clients of BBVA Switzerland will be able to buy, store, and trade crypto assets with a digital account that comes with a cryptocurrency wallet. The new banking product will be available across the European Union as well as in a number of markets in South America. BBVA Switzerland Account...
UK-based banking firm Standard Chartered joins Global Digital Finance patron board
1.9.2021
The bank joins Coinbase, Huobi, SIX Digital Exchange, 100x Group, and other industry leaders to advocate for the adoption of digital assets
Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Financial Products
26.8.2021
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks ...
OnlyFans reverses decision to ban porn after assurances from 'banking partners'
26.8.2021
At least one bank appears to have changed course after OnlyFans went public about banks blocking payments
OnlyFans boss explains how 'aggressive' banks forced it to drop adult content
25.8.2021
Speaking on OnlyFans’ ban on adult content, founder and CEO Tim Stokely explained the banks were the only reason behind the policy change
Draft El Salvador Bitcoin banking regulations released
19.8.2021
El Salvador’s Banco Central de Reserva has released two documents detailing how banks should deal with Bitcoin
Coinbase Partners With MUFG to Launch Operations in Japan
19.8.2021
Leading US-based cryptocurrency exchange Coinbase announced it will launch operations in Japan yesterday. The exchange will be partnering with Mitsubishi UFJ Financial Group (MUFG), a banking institution with more than 40 million customers, to make it easy for residents of Japan to purchase...
Coinbase goes live in Japan in partnership with banking giant MUFG
19.8.2021
Coinbase announced its official launch in Japan in partnership with banking giant Mitsubishi UFJ Financial Group providing a “quick deposit” fiat on-and-off ramp