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Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services
14.11.2023
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the Financial Crimes Enforcement Network (FinCEN) presented...
Grayscale's Solana Trust Trades at 869% Premium as Institutions Flock to SOL
13.11.2023
Grayscale's Solana Trust (GSOL) is trading at $202 a share following a 653% rise since the start of September. The Trust's underlying asset, SOL, has trebled to $58 in the same period
CME, Where Institutions Trade Bitcoin Futures, Flipped Binance. Is That as Bullish as It Sounds?
10.11.2023
HSBC Announces Plans to Offer Digital Assets Custody Services for Institutions
10.11.2023
HSBC, the London-based financial institution, announced its plans to launch an institution-focused digital assets custody service in 2024. Zhu Kuang Lee, chief digital, data and innovation officer at HSBC, explained that the bank had experienced an increasing demand for these services from asset...
The Trading Tools Institutions Need to Enter DeFi
9.11.2023
Gemini Adapts to UK’s Travel Rule, Implements Outward Transfer Restrictions to Comply
9.11.2023
Gemini, a cryptocurrency exchange, has implemented changes in response to new regulations affecting virtual asset service providers (VASPs) in the UK. On November 7, Gemini announced adjustments to align with the new Travel Rule regulations in the UK. These changes involve a set of global standards...
Jamf Spots New MacOS Crypto Malware Attributed to North Korea’s Lazarus BlueNoroff Group
8.11.2023
Source: Pixabay BlueNoroff, the notorious hackers’ group with links to North Korea’s Lazarus, has debuted a fresh MacOS malware targeting financial institutions. Uncovered by researchers from the Apple device management firm – Jamf, the perpetrators have been hiding behind...
HSBC to Offer Tokenized Securities Custody Service for Institutions
8.11.2023
The platform, planned for 2024, complements its new offering for tokenized gold as well as one for issuing digital assets
Germany’s Third-Largest Bank Unveils Blockchain-Based Digital Custody Platform for Institutional Investors
6.11.2023
DZ Bank, one of Germany’s leading financial institutions with assets totaling 300 billion euros, has launched its own blockchain-powered custody platform. According to an announcement by the bank, the platform is specifically designed to cater to institutional clients, enabling them to engage...
XRP Spikes 10% as Several Institutions Adopt Ripple’s Services
6.11.2023
XRP traders often react to Ripple developments even as the company maintains distance from the token
Dubai Financial Authority Approves XRP as ‘Recognized Crypto Token’
4.11.2023
Dubai’s financial regulator, the Dubai Financial Services Authority, has approved XRP as a recognized crypto token for use within the Dubai International Financial Centre (DIFC), a special economic zone. “Licensed virtual asset firms within the DIFC will now be able to incorporate...
Coinbase narrows loss while crypto trading volumes fall in Q3
3.11.2023
Despite seeing falling trading volumes, Coinbase said they were “pleased” with how the quarter played out
SNB and CBDC to launch a pilot project for financial institutions
2.11.2023
SNB, an acronym for Swiss National Bank, has announced the launching of a pilot project with CBDC, which is Central Bank Digital Currency. It will run from December 2023 to June 2024 in association with six financial institutions. The pilot project has been tagged as Helvetia Phase III and will...
Visa Successfully Concludes CBDC Pilot Program in Hong Kong with HSBC and Hang Seng Bank
2.11.2023
Visa, a global leader in payments technology, has announced the successful completion of a pilot test of tokenized deposits using central bank digital currencies (CBDCs). On November 1, Visa announced that it had completed the Hong Kong Monetary Authority’s CBDC pilot program with leading...
Blockchain Investment Firm Hivemind Expands to Hong Kong, Appoints Veteran Banker as Head of Asia
1.11.2023
Hivemind Capital Partners, a prominent web3 and digital asset investment firm, has announced plans to expand operations to Hong Kong. The company has also appointed Stanley Huo, a seasoned investment banker, as its head of Asia, according to a Tuesday press release.   With over 15 years...
Hong Kong Uncertain on e-HKD Issuance, Says Retail CBDC Needs More Study
30.10.2023
As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published report by the Hong Kong Monetary Authority (HKMA) highlights both the opportunities...
Bitcoin’s Recent Outperformance Fueled by Institutional Demand, JPMorgan Says
26.10.2023
There has been a significant bitcoin inflow into larger wallets, which suggests institutional investor demand, the report said
Institutions Race for Bitcoin, Sending CME Open Interest to Record High
24.10.2023
Institutional investors are chomping at the bit to buy bitcoin amid renewed optimism of a spot exchange-traded fund (ETF) being approved
Bitcoin ETF to trigger massive demand from institutions, EY says
23.10.2023
Bitcoin is facing a lot of pent-up demand from institutions amid investors closely monitoring spot Bitcoin ETF news, Ernst & Young's global blockchain leader Paul Brody says
Gold-Backed Digital Tokens Now an Approved Payment Method Says Zimbabwean Central Bank
9.10.2023
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of external auditors to “validate the availability...