Category: Banks

State Street to provide tech for institutional Bitcoin trading platform

April 8, 2021

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Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. 6130 Total views 27 Total shares State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a foreign exchange technology […]

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Citi and IADB complete cross-border payment pilot with blockchain tech

April 8, 2021

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IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. 2468 Total views 25 Total shares Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB […]

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After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank

April 6, 2021

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It’s a long road to the #1 spot, but some ecosystem players think we’ll get there eventually. 2673 Total views 23 Total shares According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the first time — rising 7% from $94.7 billion yesterday […]

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Indian IT giant Tech Mahindra to launch stablecoin tool for banks

April 6, 2021

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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. 9758 Total views 25 Total shares Indian multinational technology firm Tech Mahindra is developing a new stablecoin service targeting banks and financial institutions. The tech giant announced Monday that it […]

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Bahamas’ Sand Dollar nears commercial rollout as interoperability completed

March 29, 2021

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Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC: the Bahamas’ Sand Dollar. 2119 Total views 29 Total shares The Central Bank of the Bahamas has announced that its central bank digital currency, the Sand Dollar, is expected to achieve full interoperability between its various wallet providers within the week. […]

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Bitcoin is now ‘too important to ignore’, Deutsche Bank says

March 19, 2021

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Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021. 13886 Total views 134 Total shares Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of […]

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Fireblocks crypto startup raises $133M in funding round with BNY Mellon

March 18, 2021

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BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry. 7544 Total views 19 Total shares Cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round. The investment round was led by venture capital firms Coatue, Ribbit and Stripes, with strategic investment from BNY […]

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Bank of Japan governor says CBDC preparation can’t wait until hour of need

March 16, 2021

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In fresh remarks, Bank of Japan Governor Kuroda Haruhiko said that experiments with a domestic central bank digital currency will begin in spring 2021. 3663 Total views 19 Total shares Japan is taking a measured but attentive approach to global interest in central bank digital currency issuance. In his latest remarks published on Tuesday, Bank […]

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Bitcoin is now worth more than Visa and Mastercard combined

March 16, 2021

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The largest cryptocurrency also recently beat the world’s three biggest banks by market cap, data confirms. 12258 Total views 220 Total shares Bitcoin (BTC) did more than hit $60,000 per coin last week — it also became worth more than the world’s three biggest banks combined. According to publicly available data, the largest cryptocurrency surpassed […]

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Chinese banks pilot digital yuan at Shanghai department stores

March 11, 2021

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The Bank of Communications and China Construction Bank conducted digital yuan trials at two major department stores in Shanghai. 3671 Total views 28 Total shares Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports. As […]

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