Category: Banks

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 […]

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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 […]

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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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Understanding the systemic shift from digitization to tokenization of financial services

May 30, 2021

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The financial industry has seen a rise in demand for exposure to digital — and crypto — assets in all asset classes. This has led to interest, demand and investment from institutional finance, ranging from digital asset custody to digital asset trading desks, regulatory and compliance frameworks, and audit and risk models.  It is fair […]

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Has Wall Street taken over Bitcoin?

May 21, 2021

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Institutional adoption is threatening Bitcoin’s revolutionary mission, says Ben Hunt, founder of Second Foundation Partners. 19307 Total views 35 Total shares Ben Hunt, founder of Second Foundation Partners and lead author of the Epsilon Theory blog, is convinced institutional adoption poses an existential threat to Bitcoin’s identity as an instrument of financial freedom.  As investment […]

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State digital currency to get more trust than crypto, says Russian ex-PM

May 20, 2021

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Former Russian Prime Minister and President Dmitry Medvedev believes that it is time to recognize the importance of crypto and CBDCs. 4250 Total views 10 Total shares Trust in state-backed digital currencies will be “immeasurably higher” than trust in public cryptocurrencies like Bitcoin (BTC), Russian former Prime Minister Dmitry Medvedev argued. Medvedev, the incumbent deputy […]

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Swiss Sygnum Bank to offer custody for Internet Computer token

May 18, 2021

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Major Swiss crypto bank Sygnum is planning to launch options trading for the ICP token at a later date. 11935 Total views 37 Total shares Switzerland-based cryptocurrency bank Sygnum is launching custody and banking services for Internet Computer (ICP) utility tokens. Sygnum announced on Tuesday that ICP holders will be able to deposit their tokens with […]

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UK will likely need to issue a digital currency, says BoE deputy governor

May 14, 2021

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The Bank of England’s deputy governor Jon Cunliffe has argued that a sea change in the issuance and circulation of public and private monies could make general access to a digital form of central bank money crucial for ensuring financial stability in future. In a speech at the OMFIF Digital Money Institute in London, Cunliffe reflected […]

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Singapore’s biggest bank launches crypto trust solution

May 14, 2021

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After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution. 7563 Total views 38 Total shares DBS Private Bank, one of the biggest wealth managers in Asia outside China, has launched a cryptocurrency trust solution amid growing demand for digital assets. After setting […]

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Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot

May 13, 2021

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The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. 3533 Total views 24 Total shares The government of Bahrain, the third-richest Arab country, is working with American investment bank JPMorgan Chase on a digital currency settlement pilot. The Central Bank of Bahrain officially […]

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