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Crypto Exchange Offers Credit Lines so Institutions Can Trade Now, Pay Later
27.4.2020
LGO Markets is taking an unusual step for a cryptocurrency exchange by letting clients trade without pre-funding accounts
Open Interest in CME Bitcoin Futures Rises 70% as Institutions Return to Market
16.4.2020
Open interest in bitcoin futures listed on the CME has recovered significantly from March’s lows, signaling a resurgence of institutional participation
Both Crypto Derivatives and Spot Markets Post Record Volume in March
5.4.2020
The March 13 crypto market meltdown drove record monthly trade in both the crypto spot and derivative markets
Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
30.3.2020
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds...
World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic
25.3.2020
The spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with...
#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs
24.3.2020
As the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout...
Coronavirus Bailouts: US Banking Watchdogs Waive Hundreds of Regulations, Red Tape, Financial Oversight
23.3.2020
In 2019, cryptocurrency and blockchain businesses saw more regulation than any year prior. G20 finance ministers, central bank governors, and regulators cracked down hard on the bitcoin industry. However, during the covid-19 scare, U.S. authorities have been dropping regulations on a whim, making...
European Financial Institutions to Launch Blockchain Investment Platform
17.3.2020
European financial institutions including the Luxembourg Stock Exchange and Credit Suisse have launched an Ethereum-powered investment fund platform
Retail Investors Are Buying the Bitcoin Institutions Are Selling, Traders Say
16.3.2020
As institutions unload bitcoin, crypto’s traditional base – retail investors – is doing most of the buying, market participants said
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
16.3.2020
On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate...
Bitcoin CME Futures Volume Dropped — Did Institutions Jump Ship?
14.3.2020
The recent increase in CME Bitcoin futures challenges the narrative that institutional investors exited crypto
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...
Europe’s New AML Rules Made Crypto More Attractive to Institutions, Says Boerse Stuttgart Exec
10.3.2020
Europe's fifth anti-money laundering directive seems to have increased institutional interest in crypto, says Ulli Spankowski, Boerse Stuttgart's chief digital officer
How Popular Is the Dark Web in India? A Look at Increasing Tech Use and Free Market Potential
7.3.2020
Now that the Reserve Bank of India’s banking ban on cryptocurrencies has been lifted by a recent Supreme Court decision, there is reinvigorated interest in bitcoin within the South Asian nation. Exchanges can reconnect to banking institutions and offer the support they formerly did to their...
New Wallet From Stablecoin Issuer STASIS Syncs With Financial Institutions
3.3.2020
STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
New Settlement Layer to Offer Asian Crypto Institutions Local Alternative to Silvergate Bank
21.2.2020
The new settlement layer is intended save Asian institutional traders from taking the "scenic route" via U.S. banking regulations
In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix
21.2.2020
Banco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims...
Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...
Institutions Eye Bitcoin as Hedge Against Global Economic Volatility
19.2.2020
Hedging was traditionally the preserve of traditional finance, but it’s making its way into DeFi as institutions eye up Bitcoin as a successor of gold