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PortuguêsBitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near…
Continue ReadingMultinational payments firm Sia is partnering with cryptocurrency custodian Hex Trust to help its European banking clients hold digital assets. “When you have one bitcoin, it’s not a big problem,…
Continue ReadingWhere to listen: The IMF panel on cross-border payments was a Central Bank Digital Currency (CBDC) discussion in disguise, headlined by Jerome Powell, chairman of the Federal Reserve. The CBDC…
Continue ReadingBrazil’s Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil “is about to” join the Organization for Economic Cooperation and Development (OECD) and that the…
Continue ReadingThe $1 billion in deposit growth from digital asset banking at crypto-friendly Signature Bank was driven in part by the bank holding the dollars backing stablecoins, CEO Joseph DePaolo said…
Continue ReadingThe Winklewoss twins’ crypto exchange Gemini is continuing to consolidate its regulated services for clients in the United Kingdom. On Oct. 12, Gemini announced a partnership with BCB Group —…
Continue ReadingThe London-based online banking platform Cashaa is planning to launch a crypto-friendly neobank — or internet bank — in India. Kuman Gaurav, the founder of Cashaa, told Cointelegraph that Cashaa…
Continue ReadingAll-time transaction volume on the Silvergate Exchange Network (SEN) has reached $100 billion, with SEN transactions correlated to bitcoin and stablecoin trading. The La Jolla, Calif.-based Silvergate Bank has seen…
Continue ReadingOn the latest episode of Bitcoin Magazine’s Fed Watch podcast series, the hosts are joined by one of the great macro pundits of the last few years, Lyn Alden. Alden…
Continue ReadingGeopolitical jostling accelerated by large-scale private stablecoin initiatives like libra, plus an added dose of COVID-19, means we are now facing a perfect storm for central bank digital currencies (CBDCs).…
Continue ReadingUnchained Capital, an Austin-based financial services firm, has announced its new enterprise-grade self-custody offering, aptly named “Business Accounts for Bitcoin.” The underlying principle of this new offering is “collaborative custody,”…
Continue ReadingSan Francisco-based crypto exchange Kraken has become the first cryptocurrency business to receive a charter to operate as a bank in the United States. When seen as part of a…
Continue ReadingIn July this year, the Office of the Comptroller of the Currency granted permission for federally chartered banks to provide custody services for cryptocurrency. While significant, the need for enterprise-grade…
Continue ReadingWyoming’s chief banking regulator has turned to Chainalysis for “beefing up” his division’s monitoring capabilities of illicit cryptocurrency activities. Under a one-year deal disclosed to CoinDesk Thursday, Chainalysis will train…
Continue ReadingKraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository…
Continue ReadingThe folks building the next generation of digital money in Switzerland understand the need to collaborate. Stablecoins, digital tokens pegged one-to-one to the Swiss franc (CHF), in this case, are…
Continue Reading“A pandemic-led acceleration of adoption.” That’s how Singapore-based DBS Bank describes the current state of digital assets in its quarterly report on cryptocurrencies published in August. It’s interesting to hear…
Continue ReadingThe Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingSignature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported. Around $20 million of the $1.9 billion in PPP loans…
Continue ReadingThe People’s Bank of China (PBoC) announced that the test run of its central bank digital currency is currently limited to small retail transactions. According to the Global Times on…
Continue ReadingRampant inflation is affecting Turkish residents’ confidence in the lira fiat currency. According to a Reuters report on August 14, locals are dumping lira and converting it to dollars and…
Continue ReadingA federal banking regulator’s decision to let banks provide crypto custody services may have seemed out of the blue, but the agency has been looking at cryptocurrencies for years. The…
Continue ReadingThe recent Comptroller of the Currency (OCC) ruling that national banks and savings associations can provide cryptocurrency custody services to clients is one of the biggest milestones in the short…
Continue ReadingStandard Chartered PLC, a British multinational banking and financial services company headquartered in London, England, has successfully leveraged blockchain technology to conduct Bangladesh’s first blockchain trade transaction, according to Newage…
Continue ReadingSantander, the large scale Spanish bank and one of Ripple’s major partners, is still hesitant to adopt XRP as part of its international payment network, One Pay FX. The company…
Continue ReadingBlockchain firm HashCash Consultants claims that banks are “chief arbiters” of people’s identities, and need blockchain technology to do it better. According to an Aug. 11 announcement, “accurate identification of…
Continue ReadingWhen Avanti Financial hinted at a new bank-issued digital asset late last month, it was scant on details. “Avit has no analog,” Avanti CEO Caitlin Long said at the time.…
Continue ReadingSilvergate Bank continued to add a steady drip of crypto customers in the second quarter of 2020 but its issuance of bitcoin-collateralized loans grew by $10 million, outperforming the growth…
Continue ReadingBanks across Italy are using R3’s Corda blockchain to vastly speed up the process of double-checking transaction logs. Silvia Attanasio, head of innovation at the Italian Banking Association (Associazione Bancaria…
Continue ReadingAvanti Financial expects to open its doors this October with a new bank-issued digital asset. Led by Wyoming blockchain advocate Caitlin Long, the crypto-friendly bank announced Thursday its application was…
Continue ReadingThe Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a…
Continue ReadingUnited Kingdom cryptocurrency custodian Copper announced support for United States dollar transfers through Signature Bank’s Signet blockchain payment platform. According to an announcement on July 20, the integration of Signature…
Continue ReadingOn July 19, the Philippine Bureau of the Treasury along with the UnionBank and Philippine Digital Asset Exchange launched a blockchain-enabled mobile application for distributing government-issued treasury bonds. According to…
Continue ReadingUnited Kingdom cryptocurrency banking platform Ziglu launched an insurance program on July 15 for digital assets held with the service. Under the new program, each customer’s cryptocurrency holdings are insured…
Continue ReadingRetail and enterprise blockchain adoption trends dominated the discussions on days three and four of the ongoing virtual conference Unitize, organized by BlockShow and San Francisco Blockchain Week and sponsored…
Continue ReadingIn a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for…
Continue ReadingBenjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology. During the Unitize…
Continue ReadingCryptocurrency exchange Kraken has added a new bank to its funding options for U.S.-based customers. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the…
Continue ReadingSwitzerland’s InCore Bank AG has become the first financial institution in the country to offer banking services to Kraken clients. Disclosure The leader in blockchain news, CoinDesk is a media…
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