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Goldman Sachs to utilize JPM Coin for repo trades
10.12.2020
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice
Blockchain Bites: Paxos’ Banking Play, France’s KYC Terreur, FinCEN’s Personal Data Honeypot
10.12.2020
U.S. lawmakers are asking the nation's financial guardians to clarify crypto custodianship while France wages war on anonymity
JPMorgan Completes Live Blockchain Repo Trade Ahead of New Product Launch
10.12.2020
The live repo trade used a blockchain application built in-house, as well as the bank's JPM Coin
DBS Makes it Official: Banking Giant Will Launch Crypto Exchange
10.12.2020
The Singaporean banking giant DBS has finally confirmed reports circulating since October that it is set to launch a range of crypto-related operations – including a crypto exchange offering trading in bitcoin (BTC) and major altcoins.
The news come just a matter of weeks after a web page...
Clampdown on Crypto To Keep France In The Paleolithic Era Of Banking - MP
10.12.2020
In what he called an attempt to dry the financing of terrorism, French Finance Minister Bruno Le Maire has unveiled a regulation that is to enable the state to combat the anonymity of crypto transactions. Meanwhile, local crypto industry players and at least one politician accuse the ministry...
Crypto Asset Manager NYDIG Hires Tech-Savvy Banker to Pitch Its Wares to Institutions
9.12.2020
Former Quontic Bank executive Patrick Sells will be responsible for developing NYDIG’s white-labeled crypto services for banks
Mass Adoption of a Digital Euro Could Be a ‘Clear Negative’ for Europe’s Banks: BofA
9.12.2020
A Bank of America report on a possible mass-adopted digital euro noted that such movement could spell difficulty for commercial banks that could see some of their deposits migrate to the European Central Bank
Today's clients demand that banks show cybersecurity chops, says JPMorgan leader
9.12.2020
New technology also means new responsibilities. Security is key in the digital age
Jesse Powell: Bitcoin Banker
8.12.2020
In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules
Standard Chartered Bank to Launch Crypto Trading for Institutional Investors: Sources
8.12.2020
Standard Chartered has gathered a group of crypto exchanges for a new digital asset trading platform tailored to the institutional market
Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
7.12.2020
BBVA is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans
Top US Banking Regulator Reveals Positive Cryptocurrency Regulation Coming in Weeks
6.12.2020
The top U.S. banking regulator has confirmed that positive cryptocurrency regulation is coming in a matter of weeks, by the end of the Trump term. “It’s going to work for everybody,” said the regulator, adding that the new regulation will “make it easier for crypto investors...
Facebook’s Diem stablecoin is an existential threat to traditional banking
5.12.2020
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future
Unbanked Hong Kong Chief Carrie Lam: “I Have Piles of Cash at Home”
4.12.2020
Hong Kong Chief Executive Carrie Lam says she is currently unbanked and keeps piles of cash stashed at her home courtesy of US sanctions. Alongside 14 Chinese and Hong Kong officials, Lam has been slapped with punitive measures that effectively cut her off from the banking system. The US government...
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Equity Strategist Says Crypto Has a Place in Portfolios, Bitcoin Price to Reach $50,000 in 2021
4.12.2020
An equity and derivatives strategist with a global financial services firm specializing in institutional trading believes that bitcoin has a place in investment portfolios. He has a price target for bitcoin of $50,000 in 2021. Bitcoin Has a Place in Investors’ Portfolios BTIG is a global...
OCC works to win back House Democrats, still miffed at leader's focus on crypto
3.12.2020
Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks
Stripe will offer bank accounts, with help from Goldman Sachs and Citi
3.12.2020
But only for vendors, so retail users will have to wait
Russia’s Alfa-Bank offers blockchain platform for freelancers
1.12.2020
Tutors, taxi drivers and repairmen will be able to take advantage of Alfa-Bank's blockchain-based services
Banking Giant Sberbank May Launch Token, Digital Asset Trading Platform
1.12.2020
Source: iStock/-lvinst-
Leading Russian lender Sberbank has hinted that it is on the verge of issuing its own cryptoasset and will seek to launch a blockchain-based platform that will enable its customers to buy digital financial assets.
The token will be named Sbercoin, and Herman Gref, President...