Banks | Crypto Profit Bot

DCG-backed Korean exchange faces closure if it can’t find banking partner

September 17, 2021

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South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down. 3210 Total views 47 Total shares South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for […]

Banks vs. exchanges — regulators overwhelmingly penalize fiat, not crypto

September 3, 2021

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Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. 3354 Total views 26 Total shares While regulators have often targeted projects in and out of the crypto space, the fines […]

3 reasons why Tezos (XTZ) price has gained 85% this month

August 28, 2021

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The Ethereum (ETH) network is currently the dominant layer-one protocol in terms of smart contract deployment and active users, but the race to become the ‘world’s computer’ is far from settled because competing protocols are gaining traction by offering solutions to high transaction costs and slow confirmation times, the biggest problems facing the network. One […]

OnlyFans reverses decision to ban porn after assurances from ‘banking partners’

August 26, 2021

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At least one bank appears to have changed course after OnlyFans went public about banks blocking payments. 3634 Total views 6 Total shares OnlyFans has made a sharp u-turn on its decision to ban sexually explicit content after it received a backlash from creators and some new assurances from at least one bank suffering bad […]

Thai SEC proposes new rules for digital asset custodians

August 25, 2021

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The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September. 558 Total views 68 Total shares The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody […]

State Street to launch crypto services for private funds clients

July 30, 2021

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After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. 96 Total views 32 Total shares Major American financial services and bank holding company State Street Corporation is expanding its push into the cryptocurrency industry by launching new digital asset services. State Street, […]

DeFi industry draws in commercial banks? Siam bets with $110M fund

July 24, 2021

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While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors. For Siam Commercial Bank (SCB), DeFi is a major […]

Binance disappointed by Barclays’ ‘unilateral action’ to block customer payments

July 5, 2021

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A Binance spokesperson reiterated to Cointelegraph that the Financial Conduct Authority’s recent edict only applied to Binance Markets Limited, or BML, which is a separate legal entity from the main global exchange that operates through Binance.com. 8339 Total views 12 Total shares Barclays’ decision to stop facilitating British customers’ payments to Binance has been met […]

4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds

June 20, 2021

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In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the founder of Tudor Investment advocated for a 5% Bitcoin (BTC) portfolio allocation. Mutual Fund companies ranked by […]

Denmark’s largest bank cautious on crypto, but won’t interfere

June 18, 2021

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Danske Bank isn’t completely sold on cryptocurrency but said it won’t stop its customers from using its services in connection with crypto platforms. Danske Bank, the largest bank in Denmark, laid out its official position on cryptocurrencies on June 17, when it published a four-point notice describing reasons to be careful when trading in digital […]

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Category: Banks