Thai bank's venture arm invests in institutional crypto custodian Anchorage

SCB 10X, the venture arm of Thailand's oldest bank, is participating in an $80 million Series C fundraising round for institutional crypto custodian and digital asset platform Anchorage. Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups.

A peek into the Bitcoin miner’s 2020: Interview with BTC.top’s Jiang Zhuoer

Miners are making bank amid the price rally as manufacturers struggle to produce chips.

BitGo receives trust license from New York regulators

Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state. Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an announcement, the new charter enables BitGo to provide custodial services for institutional clients in New York seeking to make large investments in crypto in compliance with local regulations. With the new license, BitGo will provide Know Your Customer and Anti-Money Laundering controls and offer offline cold storage of cryptographic keys in bank-grade vaults, BitGo said. BitGo CEO Mike Belshe said that the new trust charter from NYDFS will help the company serve the world’s premier financial organizations based in the state of New York. Belshe said that the company has seen a significant surge in institutional customers:  “The past year has been exceptional for BitGo and the digital asset markets overall, primarily due to the influx of large financial services institutions that bring a new level of credibility, liquidity and stability to the crypto ecosystem.” BitGo applied for the New York trust charter in August 2020 in a move to start operating as an independent and regulated custodian in the state Founded in 2013 in Palo Alto, California, BitGo provides institutional-grade storage for cryptocurrencies like Bitcoin (BTC) as well as handling crypto transactions.

Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

Ripple is piloting a private version of the XRP Ledger that’s designed to provide central banks a solution for powering digital currencies.

Bitcoin bull run is still in the early stages, key on-chain indicator shows

The Bitcoin rally is still at an early stage, according to one key metric, despite the overnight pullback. The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back.  The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday's rally on March 3. Bitcoin bull run is still at an early to mid stage According to William Clemente, a cryptocurrency analyst, Glassnode's Reserve Risk indicator shows that Bitcoin's rally is still in the early to middle stage. As Clemente explains, the Reserve Risk is defined as price/HODL Bank.

Gemini launches ETF and fund manager-focused custody, clearing, and trade service

The new service will tailor to companies offering retail investors exposure to cryptoassets through traditional investment channels Being your own bank isn’t for everyone — and that includes companies and fund managers looking to issue cryptocurrency investment vehicles. Cryptocurrency exchange and custodial services provider Gemini announced today the launch of a new service tailored specifically towards funds and ETFs: Gemini Fund Solutions.

Ripple Makes Private Blockchain for Building Central Bank Digital Currencies

The new CBDC Private Ledger is being developed with high throughput and interoperability as its main priorities, said Ripple.

Colombia’s oldest commercial bank pilots crypto services

One of the largest banks in Colombia, Banco de Bogotá, will pilot crypto services as part of a regulatory sandbox project.

Banks Turn Away Customer Deposits due to Negative Interest Rates in Germany

Banks in Germany are reportedly turning customer deposits away due to the negative interest rate imposed on them by the European Central Bank (ECB).

Bitcoin Could Be at Start of Massive Mainstream Transformation: Citi Report

The fourth-largest bank in the US by assets says Bitcoin could be on the verge of going mainstream.

Colombia’s Banco de Bogotá Begins Crypto Pilot

Source: A screenshot, Instagram/bancodebogota The major Colombian commercial bank Banco de Bogotá has begun a crypto pilot that will see a select group of its customers allowed to make crypto transactions on its banking platform. Per Portafolio, the pilot will begin this month and will allow customers to make crypto deposits and withdrawals on its mobile and virtual (internet, desktop-based)

Turkish finance ministry to study cryptocurrency with local regualtors

Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight. Turkey made itself a name as a crypto-friendly country with a "wait and see" approach on digital assets, but that could be about to change as the government is now ready to take things in hand. The Turkish Ministry of Treasury and Finance went to Twitter to express concerns about cryptocurrencies and to announce collaborative work on the topic with several local regulators on March 1. According to the announcement, the ministry is working with the central bank alongside two financial regulatory agencies: "We share the rising concerns about crypto with the rest of the world.

Crypto Bank Expands in India — Confident Government Will Approve Legitimate Use of Cryptocurrencies

Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch.

Goldman Sachs Brings Back Bitcoin Trading Desk as the Firm Sees Crypto Market Becoming More Mature

Global investment bank Goldman Sachs has brought back its bitcoin trading desk and will start handling bitcoin futures next week.

Bitcoin Still Has an Uncertain Future: Citibank Analysts

Analysts from the multinational investment bank, Citibank, have recently opined that bitcoin is on the verge of either becoming adopted on a mainstream level or collapsing from over-speculation.

Crypto bank opens physical location in India's capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters. India’s Unicas crypto bank opened its third physical branch last week in New Delhi.

Central bank digital currency a mixed blessing, says RBI

The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020–2021. India’s central bank has recognized the potential benefits of central bank digital currencies but not without including a few pitfalls. The Reserve Bank of India offered its assessment of CBDCs as part of its report on currency and finance issued on Feb.

Investment Bank Citi: Bitcoin Is ‘At the Tipping Point’

According to the bank, Bitcoin has two options for its future: mainstream adoption or speculative implosion.

How is this central bank policy making Bitcoin more attractive?

Panic has been evident across global markets and global banks for a while now, with central banks around the world escalating efforts to combat this by pledging to buy more bonds.

Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Be Regulated and Not Prohibited

In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets.

Chinese Authorities Warn About ‘Sophisticated’ Digital Yuan Scam- Promotes Access to a ‘$186M Secret’ Government Fund

As China keeps paving the way to adopt its central bank digital currency (CBDC), scammers are also actively emerging on the scene.

Blockchain and crypto will challenge current finance, Nigeria VP says

Yemi Osinbajo sees potential for crypto and blockchain. Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain.  “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine,” Osinbajo said on Friday during the Central Bank of Nigeria, or CBN, Bankers’ Committee Economic Summit.

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand.

China’s CBDC is about domestic dominance, not beating the dollar

The notion of China racing to launch a CBDC that will end US monetary supremacy doesn't hold up if you look at the facts on the ground. For the past several years, the trade war between China and the US has been at the center of international relations, with technology playing an outsized role. Within crypto, advancing interest in central bank digital currencies has become part of that narrative of geopolitical competition.

One of Switzerland’s leading banks now offers crypto trading

Bordier & Cie partners with digital asset bank Sygnum to offer crypto trading to clients.

Central Bank of Nigeria Governor Defends Decision to Exclude Crypto Players, Says the Order Is ‘in the Best Interests of Nigerians’

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has defended the apex bank’s decision to exclude cryptocurrency transactions from the banking ecosystem.

Anchorage, Armed With Banking Charter, Raises $80 Million Series C

The digital asset custody firm pulled in enough to practically start its own bank.

Indian Central Bank Informs Government of Major Crypto Concerns — Digital Rupee ‘Receiving Our Full Attention’

India’s central bank governor Shaktikanta Das has revealed that the bank has “major concerns” about cryptocurrencies, and it has informed the government of them.

Federal Reserve Bank Sees Nationwide Outage Days After Treasury Sec Says Bitcoin is "Extremely Inefficient"

The Federal Reserve Bank suffered a massive outage on its system, lending credence to the superiority of Bitcoin as a decentralized network.

The Reserve Bank of India Has its Eyes on CBDC

The Governor of the Reserve Bank of India says the monetary authority is “very much in the game” to launch a CBDC.

Fed Chair Powell Says Central Bank Will Engage with US Lawmakers On Digital Dollar

Federal Reserve Chair Jerome Powell says it will be up to United States lawmakers whether or not to bring a digital dollar to the market.

Digital Yuan Scammers Gathering Momentum as Token Rollout Nears

Police in China are warning that digital yuan-themed scams are starting to appear in the country with more regularity – as opportunistic fraudsters attempt to trick citizens out of their money with central bank digital currency (CBDC)-themed get-rich-quick schemes. The digital token is nearing issuance, with the latest pilot seeing thousands of citizens receive bona fide

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply, a measure of what an asset is actually worth.

Bank of Korea Head Says Cryptocurrencies Have No Intrinsic Value

BOK's chief executive claimed that Bitcoin and other cryptocurrencies have no intrinsic value while predicting that the high price fluctuations will remain.

Fed chair says it's up to Congress to bring a digital dollar to market

Jerome Powell added that the Federal Reserve needed to consider the health of other markets when creating a digital currency. Federal Reserve chair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar. In a House Financial Services Committee hearing today, Powell responded to questions from Representative Patrick McHenry, who said the digital dollar would likely face national and economic security issues for the United States.

Fed's Payment System Goes Down, Bitcoin Fans Rush In

The Fed today reported a number of its services went down, meaning bank transfers were delayed.

All of the Federal Reserve's wire and ACH systems are down

"A Federal Reserve operational error resulted in disruption of service in several business lines," said Jim Strader from the Richmond Fed. All of the services available through the Federal Reserve's online portal have been down for more than an hour. According to the Federal Reserve Bank Services' website, the bank is experiencing a disruption in its account services, central bank, Check 21, check adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire Securities, and National Settlement — all services typically available — which started at 6:18 PM UTC today.

Indian Central Bank Playing by Same Anti-Crypto, Pro-CBDC Rules as China, EU

The head of the Reserve Bank of India (RBI), the subcontinent’s central bank, has again indicated that the government might seek to enact a crypto crackdown – while attempting to gazump the crypto sector by releasing a digital rupee. In an interview with CNBC-TV18, RBI Governor Shaktikanta Das appeared to take the same kind of tack that central banks

Swiss private bank Bordier & Cie SCmA offers trading in Bitcoin, Ether and Tezos

Bordier & Cie SCmA, a 134-year-old Swiss bank, has decided to enter the crypto market space, which indicates another significant step in Bitcoin’s mainstream adoption. The

Bitcoin ETF War, New Ethereum ETP, Swiss Bank Goes Crypto + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investing news Canada-based Evolve Funds Group said it has lowered the management fee on their Bitcoin ETF by 0.25 percentage point to 0.75% just days after it was launched.

Canadian bank plans to launch dollar-backed digital currency 'in the coming months'

Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets. In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank.

'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

Nigeria’s central bank is doubling down on its anti-cryptocurrency stance. Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest of Nigerians. According to a report by media outlet Punch, while addressing the Senate committee, Emefiele remarked: “Cryptocurrency is not legitimate money.

177-Year-Old Swiss Bank Adds Bitcoin, Ethereum Trading

A Swiss bank is keeping up with the times by adding support for Bitcoin and other cryptocurrencies.

Hedera makes inroads in Africa as Standard Bank Group becomes node operator

Standard Bank Group has become the first African node operator on the Hedera network. Standard Bank Group — Africa’s largest bank by assets — has partnered with enterprise-grade distributed ledger technology project Hedera Hashgraph. According to a joint announcement, the African banking giant now joins other major corporations like Google, LG, and IBM as a member of the Hedera Governing Council. Standard Bank will also become a Hedera node operator, the first in Africa with a focus on utilizing DLT to ease bottlenecks in cross-border trade on the continent. Across Africa, innovations in domestic payment rails have created faster and efficient transaction systems.

India's central bank ‘very much in the game‘ with digital currency project

The Reserve Bank of India is getting ready to launch its own central bank digital currency. Indian authorities continue to express support for a government-backed digital currency to replace privately-issued cryptocurrencies. According to Bloomberg, RBI governor Shaktikanta Das has expressed the central bank’s determination to create a digital rupee.

European Central Bank Petition EU Lawmakers for Stablecoin Veto Power

The European Central Bank has asked the EU parliament for veto powers when it comes to stablecoin projects such as Facebook's Diem and others.

India's RBI Says Cryptocurrencies Can Cause ‘Financial Instability’

The country’s central bank is taking a hard-hitting approach to the crypto sector while mulling its own CBDC.

Indian banks put crypto traders' accounts under the microscope

HSBC, HDFC and Citi are now requiring crypto traders in India to provide information about their activities or risk losing their funds. Cryptocurrency traders and investors in India are among the latest casualties in an increasing trend of personal account closures by global banking operations.  India’s parliament is currently contemplating a nation-wide crypto ban which local industry critics, such as former Coinbase CTO Balaji Srinivasan have compared to “banning the internet for five years.” The Economic Times reports that customers of private banks in India, such as HDFC, HSBC and Citi, have been receiving notices this year asking them to clarify crypto-related transactions, often requiring them to visit their local bank branch in person.

Congress worries crypto used to fund domestic terrorism, Capitol insurrection

US Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection. A US Congress subcommittee is investigating if domestic extremists are turning to cryptocurrency as a source of funds for their activities. On Feb.

ECB wants final say on the legal status of private stablecoins in the EU

The European Central Bank has demanded veto power from lawmakers in the European Union over private stablecoin projects like Diem. The European Central Bank has finally sent its formal opinion on crypto regulations to the European Commission. According to Reuters, the ECB has asked EU lawmakers for veto powers concerning private stablecoin projects like the Facebook-backed Diem. An excerpt from the ECB opinion document reads: “Where an asset-reference arrangement is tantamount to a payment system or scheme, the assessment of the potential threat to the conduct of monetary policy, and to the smooth operation of payment systems, should fall within the exclusive competence of the ECB.” As part of the demand for veto powers on stablecoins, the ECB has urged the EU to ensure that its ruling should be binding on all national authorities in the Euro Zone.

Bitcoin mining operator Northern Data reportedly considering $500M IPO

Swiss investment bank Credit Suisse is reportedly backing German Bitcoin mining operator Northern Data in its $500 million IPO. Major European Bitcoin (BTC) mining company Northern Data is reportedly considering going public in the United States. Germany-based Northern Data is planning to raise up to $500 million in the initial public offering, or IPO, Bloomberg reported on Feb.

SBI, India's largest bank, integrates JP Morgan's blockchain solution

State Bank of India, the country's largest bank, is in the news today after a report by the Economic Times revealed that the country has joined JP Morgan's much-hyped blockchain payments network.

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat. Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb.

State Bank of India joins JPMorgan’s blockchain payments network

A major government-owned bank, the State Bank of India, has become the first Indian bank to join JPMorgan’s blockchain network Liink. The State Bank of India, or SBI, a major Indian government-owned bank, is looking to improve cross-border payments with a blockchain solution by American investment bank JPMorgan Chase. According to a Feb.

Bank of Korea chief says crypto has no intrinsic value, expects volatility

Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project.

Ant-backed MYbank to help China expand digital yuan trial

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. China’s central bank is pushing exposure to its ongoing national digital currency pilot by enlisting two major private banks in the project. According to a Feb.

Crypto market too big to ignore, says Nigeria SEC

Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium Times, both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria. For Timi Agama, the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market. Speaking at a virtual conference organized by the Association of Capital Market Academics of Nigeria in the capital, Abuja on Sunday, Agama remarked: “Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets.

Bank of Japan’s Year-long Digital Yen Pilot Begins this Spring

The central Bank of Japan (BoJ) is set to launch a pilot for a digital yen this Spring, although the central bank is still a long way from making up its mind on whether it will push ahead with issuance. Per NHK, the BoJ appears to be aware that China, which is already committed to launching its own central bank digital currency (CBDC), is “leading the way in this

Tesla Has Cashed in $1 Billion from its Bitcoin Investment, says Analyst

Daniel Ives, an analyst at Wedbush Securities, has disclosed that Tesla is smiling all the way to the bank after cashing in approximately $1 billion in profits from its Bitcoin investment.

Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar

The president of the Federal Reserve Bank of St.

IMF Says Central Bank Currency Will Face Pressures in the Digital Age

The International Monetary Fund (IMF) estimates that central bank currencies will confront major obstacles in a rapidly digitizing financial system.

Banks will be required to work with crypto, e-money and CBDCs to survive

The global monetary landscape will have everyone storing electronic money, cryptocurrencies and central bank digital currencies in one bank. Image a scenario where you need different messengers to send different types of messages — for example, WhatsApp for text messages, Viber for audio, Telegram for video, etc.

IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies

The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities.

Money Reimagined: Tucker Carlson Is Right About Financial Privacy

Say what you will about the Fox News host, but he deserves credit for highlighting Bank of America’s transaction snooping, writes Marc Hochstein.

You’ve got the power? Legacy banks aim high with new crypto offerings

Is the crypto custody market becoming too big for established banks to ignore? Reports that legacy banks like BNY Mellon and Deutsche Bank are becoming active in the cryptocurrency space, including through custody services, should come as welcome news for crypto investors. Lost or misplaced private keys, after all, are a bane of the crypto world — just recall the Welshman who lost 7,500 Bitcoin (BTC), worth about $400 million today, when he landfilled his PC’s hard drive, forgetting it was the sole repository of his private key.

Ripple to Build The Core Ledger that Will Power Central Bank Digital Currencies

Ripple has been making headway in pursuing projects involving central bank digital currency issuances.

Bank Account Data May Indicate a Rise in South Korean Crypto Activity

A new report has linked a spike in the creation of new bank accounts in South Korea to a rise in crypto trading – an indication that a large influx of new traders in the East Asian nation has taken up crypto in 2021. In 2018, Seoul created a set of guidelines that requires crypto exchanges to keep their own funds and those of their clients separate in banking procedures.

US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

The US Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group.

Bitcoin Is ‘Here to Stay,’ But Still an 'Economic Side Show': J.P. Morgan

The investment bank and financial services giant still has mixed feelings about Bitcoin and the cryptocurrency market.

Digital Yuan Must Dethrone Alipay, WeChat Pay Before Taking on USD - Researcher

Much has been made of the forthcoming digital yuan – China’s central bank digital currency – and its potential threat to the United States dollar, but a China watcher is saying that the token will first need to displace the likes of Alipay and WeChat Pay at the top of the domestic e-pay tree. Alipay is the e-pay arm of the e-commerce giant Alibaba, while the tech

Russia’s Digital Ruble Model to Get Bank-Friendly Redesign

Banks had feared being drained of liquidity under the original concept for the digital currency.

Safello Partnership Enables Direct Crypto Purchases From Users’ Bank Accounts

A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.

Nigeria: IMF voices support for central bank's decision on cryptos

Thanks to the exponential growth recorded by the cryptocurrency market lately, regulators around the world are realizing that they may have to fast-track the process of issuing guidelines with respect The post Nigeria: IMF voices support for central bank's decision on cryptos appeared first on AMBCrypto.

Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency

Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases.

The Bahamas gets a card for its sand dollar national digital currency

The Central Bank of the Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency. The Bahamas is moving to make its national digital currency more accessible by launching a prepaid card for the “sand dollar.” The Central Bank of The Bahamas has partnered with global payment giant Mastercard and local payment startup Island Pay to create a card that supports the sand dollar central bank digital currency. According to a Wednesday announcement, the card is running under a new program from Mastercard and Island Pay, allowing users to convert the digital currency to traditional Bahamian dollars and pay for goods and services.

Chinese bank tests biometric hardware wallet for digital yuan payments

Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency. China’s large-scale digital yuan testing across several cities continues to gather pace with some financial institution leading the development of hardware wallets for the central bank digital currency. According to news agency Xinhua, the Postal Savings Bank of China has created a biometric hardware wallet for the project. The biometric hardware wallet enables easy identity verification for users via fingerprint sensors on the card. Consumers participating in the CBDC trials in Beijing are also able to use the card to access healthcare services. Indeed, the Postal Savings Bank of China said the hardware wallet, which is still in the testing stage, was designed to provide easier access to the CBDC and healthcare services for the elderly without needing to use smartphones, adding: “With this card, it is much more convenient to enter and exit public places, and you can pay with just one touch.

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says

The bank's analysts pointed to gold's much lower volatility.

Central Bank Digital Currencies May Drive Cash ‘Shadow Economy’ to Crypto: Reuters

"Shadow economy" participants, those who use deal mostly in hard cash for anonymity's sake, are unlikely to be drawn to using a CBDC, according to a Reuters column.

Sweden extends digital krona digital currency pilot until 2022

Sweden's exploration into CBDCs will continue until 2022, as the nation's central bank seeks to construct a digital version of the krona. Sweden’s central bank has extended an ongoing pilot aimed at creating a digital version of the Swedish krona until 2022, as was recently announced by the nation’s Riksbank. In combination with professional services firm Accenture, the “e-krona” pilot program was created to address what the Riksbank sees as “the marginalization of cash”: “The Riksbank sees potential problems with the marginalisation of cash and has therefore initiated a pilot project to develop a proposal for a technical solution for a central bank digital currency, an e-krona that can work as a complement to cash." The recent announcement states that no decision has been made on how, or even if, the e-krona will be issued.

Bitcoin selling at 36% premium in Nigeria

In the wake of the recent ban on Nigerian banks' servicing of crypto exchanges, Bitcoin's price in the country has seemingly spun out of control. It's been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country.

World’s Oldest Central Bank Extends Digital Currency Test Till 2022

Sweden's Riksbank said it would continue work with Accenture on a potential e-krona digital currency until next year.

Spanish Treasury Secretary Says Cryptocurrencies Carry a ‘Risk of Default’, Repeats Bank of Spain’s Lack of Regulation Rhetoric

The government of Spain continues to harden its stance against widely adopting cryptocurrencies.

Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum

SBI's digital assets subsidiary will lead a round that will have raised around $30 million for the Swiss firm over six months.

Cream Iron Bank $36M Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused

Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally.

Bitcoin More of a Gold Rival Than Actual Currency, Says St. Louis Fed President

According to the president of the Federal Reserve Bank of St.

People don't want a ‘non-uniform currency’ like Bitcoin, says Fed president

"It's going to be a dollar economy as far as the eye can see," said James Bullard. James Bullard, president of the Federal Reserve Bank of St.

Digital Asset Manager Grayscale Expands Leadership Team With Trio of C-Suite Hires

The digital currency asset manager's new executives bring with them experience at firms such as Goldman Sachs, Bank of America and Ripple Labs.

ING Bank-Backed Crypto Trade Platform Pyctor Is Raising Money

The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.

‘Long Tech’ Retakes Most-Crowded Trade Crown from Bitcoin: Bank of America Survey

Bitcoin had been most-crowded trade in January as prices rose to a $40,000 record.

Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks.

The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to Bitcoin

As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD.

Germany’s Biggest Bank Talked the Talk, Now it Walks the Crypto Walk

Deutsche Bank has gone low-key with its crypto intentions, but after months of crypto-positalk, the bank – Germany’s biggest with assets of almost USD 1.8 trillion – has taken the plunge into crypto custody. It's not a surprising move as the bank’s analysts have been making bullish remarks on bitcoin (BTC) in recent months, and have called fiat a monetary

Bitcoin’s Market Cap Soars Past World’s Largest Financial Institutions, Including JPMorgan Chase and Bank of America

Bitcoin’s (BTC) market capitalization now exceeds the valuation of some of the world’s largest financial institutions amid a sustained bull run that catapulted the largest crypto asset above $48,000.

Demand for Bitcoin at JP Morgan Not There Yet, Says Bank’s Co-President

JPMorgan COO certain that the demand for bitcoin will be there at some point and the bank will get involved with the cryptocurrency.

Deutsche Bank Preparing To Support Crypto Assets, Providing Prime Brokerage and Storage for Clients

A World Economic Forum report is unveiling Deutsche Bank’s plans to introduce a digital asset custody platform that provides prime brokerage and storage for clients.

El Español Says Spanish Authorities Joint Statement Is a Warning to Companies in the Wake of Tesla’s BTC Buy

The Spanish financial markets watchdog and the country’s central bank criticized — again — cryptocurrencies as an investment asset.

Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services

Experts say building custody solutions is tricky, but will become crucially important as crypto grows more valuable. As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank?  Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors.

The Man Who Raised Bitcoin Billboards Across America

The crypto artist who put up a Bitcoin billboard in every US city that has a Federal Reserve Bank explains why he did it.

Alpha Homora loses $37 million following Iron Bank exploit

Though a "prime suspect" has been identified, how will the protocol make itself whole? In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform.  Alpha Finance Lab, whose protocol was audited by Quantstamp and Peckshield, announced on Twitter this morning that they were aware of an attack, that the “loophole” that allowed it had been patched, and that the team had a “prime suspect”: Dear Alpha community, we've been notified of an exploit on Alpha Homora V2.

Cream Finance investigating 'potential exploit' involving 13K ETH

According to reports, Cream Finance has likely been exploited, with withdrawals from the Iron Bank temporarily being suspended as well.