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PortuguêsIn 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…
Continue ReadingThe Monetary Board of the Central Bank of Sri Lanka is close to starting development of a blockchain platform expected to speed up the processing of bank users’ ID information.…
Continue Reading[embedded content] At a time of unprecedented economic uncertainty, central banks around the world are reacting to the novel coronavirus by printing money, slashing interest rates and generally doubling down…
Continue ReadingIn Busan, a private-public consortium in South Korea announced their intention to build a blockchain-powered medical tourism platform. No deadline for launch is currently set. According to Gyeongnam Ilbo, the…
Continue ReadingByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in…
Continue ReadingMason Privatbank Liechtenstein AG has become the latest private bank to offer digital asset custody through a partnership with Hong Kong-based Hex Trust. The Liechtenstein bank has high-net-worth clients across…
Continue ReadingA major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts. İşbank,…
Continue ReadingDigital currencies could supersede bank accounts as low-interest rates make them increasingly obsolete. That’s the view of Massimo Buonomo, the UN’s global blockchain expert, who added that digital currencies, particularly…
Continue ReadingThe Philadelphia branch of the United States Federal Reserve has published a new report that warns about the potential effects of issuing central bank digital currencies (CBDCs). In the report,…
Continue ReadingCentral bank digital currencies might one day replace commercial banks. But that comes with risks, according to new research from the Federal Reserve of Philadelphia. The 32-page research paper –…
Continue ReadingAfter two years of laying the groundwork, crypto-friendly Arival Bank is launching in beta Thursday. (Yes, even a bank can “launch in beta” these days.) To be precise, Arival is…
Continue ReadingCrypto bank Avanti now has the backing of several popular investors in crypto. The bank raised $5 million in an angel round and closed on a subscription to issue an…
Continue ReadingTommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s…
Continue ReadingA recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative…
Continue ReadingLeading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). In a recent report, Grayscale suggests that CBDCs…
Continue ReadingBrazilian retail firm Via Varejo has scooped up Boston-based fintech startup Airfox for an undisclosed sum. The acquisition comes as part of plans by Via Varejo to provide financial services…
Continue ReadingThe Official Monetary and Financial Institutions Forum (OMFIF), an independent global think tank for central banking and economic policy, announced the launch of its Digital Monetary Institute earlier this month.…
Continue ReadingConsumer-facing digital currency solutions will not be taken seriously by central banks, according to a Visa executive. Visa head of crypto Cuy Sheffield tweeted on May 18 that he does…
Continue ReadingGerman blockchain banking firm Bitwala has partnered with pioneering decentralized finance, or DeFi, platform Celsius to offer annual interest on Bitcoin (BTC) holdings of up to 4%. Funds deposited from…
Continue ReadingIts CEO once called bitcoin a fraud but now U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, CoinDesk has confirmed. Sources told The Wall Street Journal…
Continue ReadingUnited Arab Emirates-based retail and business bank, RAKBank, is expanding its remittance routes using Ripple‘s blockchain technology. Ripple, which provides distributed ledger payments products for financial institutions, was selected to…
Continue ReadingA number of countries like China and Sweden are already experimenting with central bank digital currencies (CBDC). The implementation of this new type of money requires a number of aspects…
Continue ReadingMajor cryptocurrency event, Consensus 2020, has officially kicked off in virtual mode. Consensus: Distributed, Coindesk’s first ever fully virtual conference, featured European Central Bank (ECB) key legal official, Yves Mersch,…
Continue ReadingSwiss crypto broker Bitcoin Suisse is seeking almost 50 million Swiss francs ($51.5 million) in funding to support its plans for expansion into the banking sector. According to a new…
Continue ReadingAn Irish crypto company said its business suffered after one of the country’s largest banks shut down its account. Bryan Tierney, founder of bitcoin ATM operator Boinnex, told CoinDesk Allied…
Continue ReadingFrances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative…
Continue ReadingNo central bank is currently working on a Central Bank Digital Currency, or CBDC, that can be used by consumers, according to enterprise blockchain firm, R3. A recent report by…
Continue ReadingSilvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released…
Continue ReadingDeposits from digital currency customers at New York-based Metropolitan Commercial Bank – one of the few U.S. banks openly serving the crypto industry – increased for the first time in…
Continue ReadingAs 2020 staggers on, the scourge of the coronavirus is showing no sign of relenting any time soon. Since the reality of the pandemic took hold, it has revealed itself…
Continue ReadingFinancial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has…
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