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After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank
6.4.2021
It's a long road to the #1 spot, but some ecosystem players think we'll get there eventually
Indian IT giant Tech Mahindra to launch stablecoin tool for banks
6.4.2021
Tech Mahindra wants to provide U.S. banks with a stablecoin solution after the OCC authorized federally chartered banks to use stablecoins for settlement in January
Argentinean Central Bank Asks Local Banks for Information on Customers Who Deal With Cryptocurrencies
5.4.2021
As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National...
African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
31.3.2021
As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming...
Bahamas' Sand Dollar nears commercial rollout as interoperability completed
29.3.2021
Following cybersecurity assessments, commercial institutions are being cleared to issue the world's first CBDC — the Bahamas' Sand Dollar
Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz
29.3.2021
Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers....
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
26.3.2021
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will...
Major South Korean Bank BNK Busan Plans to Offer Banking Services to Domestic Crypto Exchanges
26.3.2021
The South Korean crypto frenzy among the banking industry remains on fire, as another major bank is treading waters to offer banking services for crypto exchanges. The BNK Busan Bank launched a program that consists of visiting competitors’ banks that already offer it. BNK Busan Is Visting...
Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments
25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...
Central Banks Focus On Financial Inclusion As Cryptos Get Traction
25.3.2021
Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs).
China
"We still have a lot of remote areas, or poor areas, and in those areas people...
European Central Bank tries to quell Germans' doubts about digital euro
25.3.2021
A future digital euro wouldn't be a threat to savers, say officials from the European Central Bank
Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India
25.3.2021
Rejecting crypto as a reserve currency will lead to an Indian currency devaluation of the worst kind, warns blockchain entrepreneur Raj Chowdry
Microsoft president says fintechs should leave currency to central banks
24.3.2021
Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins
Crypto-collateralized loans may soon bring new investors to space
23.3.2021
"Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton
Report: JP Morgan Boss ‘Not Happy’ as Capital Positions Exemption for Big Banks Ends
23.3.2021
On March 19, 2021, the U.S. Federal Reserve Board published a press release that detailed the temporary supplementary leverage ratio easements will be expiring as scheduled. U.S. banks will no longer have the relaxed capital requirements they once held since the onset of the Covid-19 outbreak....
Deutsche Bank: Bitcoin Now 3rd Largest Currency, Too Important to Ignore
22.3.2021
Deutsche Bank has published a report stating that bitcoin is too important to ignore, noting that it is now the third-largest currency in terms of the total value in circulation. In addition, the bank says that governments and central banks know that cryptocurrencies are here to stay and...
Bitcoin is now ‘too important to ignore’, Deutsche Bank says
19.3.2021
Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021
Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer
18.3.2021
On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible...
Fireblocks crypto startup raises $133M in funding round with BNY Mellon
18.3.2021
BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry