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Swiss crypto ecosystem takes the lead in 1st regulated crypto trade

swiss crypto ecosystem

The Swiss crypto ecosystem has scored a big one after 21 Analytics, firm based in Switzerland successfully carried out its first regulated crypto trade. The firm is renowned in Switzerland for its focus and operations in fighting financial related crimes in the Swiss crypto ecosystem.  In the report that was obtained from a local news […]

Is crypto a realistic part of America’s financial future?

America s financial future

Acting Comptroller of Currency, Brian Brooks, in an interview lauded digital assets as the integral part of America’s financial future. Brian Brooks has been an ardent supporter of digital assets even before his appointment, and he has given reasons why he is pushing towards crypto-related payments.  Going further in the interview, Brooks mentions the difficulties […]

Is Ripple competing with established payment solutions?

payment solutions

In its August review, The International Monetary Fund has lauded Ripple’s payment solutions which has raised the question about Ripple competing with established payment solutions. In the full review, the international outfit said it focused closely on firms using technological initiatives to enhance payment solutions. Given that, it has noted one key player that has […]

Will Curve Finance trigger a DeFi frenzy?

curve finance

In a Twitter post, DTC Capital CEO Spencer Noon said he is keeping tabs on CRV (Curve Finance) as the coin can launch the DeFi sector back into the media.  This news on the Defi sector counters the speculation that the buzz is already dying down after previously making the headlines due to its projects. […]

Switzerland bank Basler Kantonalbank set to launch crypto services

Switzerland bank

Switzerland bank Basler Kantonalbank (BKB) would mark as the first bank in the country to begin offering crypto services to its clients. The bank would begin by offering Bitcoin investment through a subsidiary in 2021, making it the first Switzerland bank government-supported bank to leapfrog into the crypto space. Local reports in Switzerland on Monday […]

Banks are pivotal to crypto adoption, here are reasons why

banks are pivotal to crypto adoption

The United States Office of the Comptroller of Currency (OCC) has opened up bank services to crypto enthusiasts. Specifically, National Banks and Federal Savings Associations “of all sizes” can provide cryptocurrency custody to customers. Previously, just a small fraction of the financial firms in the country has been allowed to provide crypto services, but with […]

Bank of England exploring UK cryptocurrency, says governor Andrew Bailey

Bank of England sheds light on CBDC: what you need to know

A UK cryptocurrency could be a reality soon, reports The Bank of England’s governor, Andrew Bailey. In his latest statement, the governor said that the bank recently discussed the mechanisms of a probable UK cryptocurrency backed by the central bank. Central bank digital currencies, or CBDCs, are being developed by many countries. China is leading […]

XRP holders topple down Garlinghouse statue; what’s next?

xrp holders

On Friday, hundreds of indignant holders converged at Ripple’s head office in downtown San Francisco dissenting the poor price performance of XRP and Ripple’s defeat to hold out its target. As they shouted “Where’s the bank money?”, XRP holders toppled down the statue of Ripple’s CEO Brad Garlinghouse. Angry XRP holders demand answers Worn-out of […]

You can now buy real estate in Turkey with Bitcoin

You can now buy real estate in Turkey with Bitcoin

International real estate firm Antalya Homes just recently completed the highest valued real estate sale with Bitcoin and is transforming the way properties are viewed and sold.  Post-COVID, businesses across the globe are undergoing rapid changes in the way they reached out to their customers and made sales, and real estate is no exception. Traditionally, […]

Crypto and blockchain must replicate banks for wider adoption

Crypto and blockchain must replicate banks for wider adoption

Crypto and blockchain should mainly look and function like the banks they plan to disrupt for a broader adoption rate as Forbes highlights three key functionalities any consumer looks for in a financial institution. Blockchain technology was set out to disrupt and transform the established financial institutions that rely on a large number of intermediaries […]

The Bank of Ghana intends to pilot a central bank digital currency

central bank digital currency

The first deputy governor at the central bank of Ghana affirmed that the bank is committed to piloting a central bank digital currency. Dr. Maxwell Opoku-Afari, the first deputy governor of the Bank of Ghana (BoG) spoke at a virtual stakeholder workshop on payment systems and services to reveal the institution’s future plans. Ghana to […]

KYC regulation, problem for exchange firms, Binance U.S CEO

KYC regulation

Arising from the potential threat that cryptos could be used for many illegal transactions governments are begging to ask that know your customer (KYC) regulations and Anti Money Laundering (AML) processes are completed. This is to curb the use of cryptos for illegal purposes. However, cryptos amidst the ravaging COVID-19 the globe is battling would […]

US banking regulator wants banks and crypto to band together

US banking regulator wants banks and crypto to band together

The US banking regulator, the Office of the Comptroller of the Currency (OCC) is seeking advice from the public on how banks and crypto can work together toward a common goal to strengthen the economy. Brian Brooks, a former legal counsel at cryptocurrency exchange Coinbase who now serves as the Acting Comptroller of the US […]

Indian banks remain anti-crypto despite the Supreme Court’s ban lift

anti crypto

The Reserve Bank of India (RBI) has placed no prohibition on banks to provide accounts to cryptocurrency traders; however, many banks remain anti-crypto and deny services to cryptocurrency users. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country’s currency and credit systems. In a recent […]

Brazilian crypto companies see hope as bank ban probe reopens

bitcoin

The fight against the refusal of banking institutions to provide services to Brazilian crypto companies has gained momentum. The boost follows the recent announcement of the Administrative Council for Economic Defense or CADE, to reopen investigations into the matter. CADE to reopen its investigation CADE, the antitrust regulator in Brazil voted to resume its probe […]

JP Morgan opens banking services to 2 cryptocurrency exchanges

Missing millions! How JPMorgan Chase left a family in financial ruin

JP Morgan opens banking services to two well-known bitcoin exchanges, Coinbase Inc. and Gemini Trust Co., the first time the bank has accepted clients from the cryptocurrency industry. This interworking could possibly increase the accessibility of the crypto space to traditional money. JP Morgan Perspectives, a 74-page report mentions that widespread use of blockchain technology […]

Irish crypto companies lament as local banks shut them out

board

Irish crypto companies have severely complained of high fees from the banking partners abroad, as local banks in the country have refused to provide services to them. The Ireland news outlet, The Irish Times reported the news on Wednesday, citing regulatory uncertainty. The Banks reportedly refused to offer banking support to the Irish crypto companies, […]

Tracing illegal crypto funds through banks now possible

tracing Illegal crypto

Tracing illegal crypto is now possible thanks to a new product by CipherTrace. The firm has come up with a new product, Armada that will protect banks with potential risks that come with crypto exchanges. The startup that is DARPA-backed will help banks in detecting illegal crypto funds. Illegal crypto has become a threat to […]

US banks collapse to spike in stimulus interest; is blockchain the answer?

US banks collapse to spike in stimulus interest is blockchain the answer

On Wednesday major US banks, including the US Bank, PNC, Citi, and Capital One, suffered severe technical setbacks after being hit by a massive wave of a spike in stimulus interest as people flocked to their websites to check the status of their much-awaited stimulus payouts. The coronavirus outbreak has caused widespread devastation in America, […]

Blockchain cross border transaction enabled in first Islamic bank

Blockchain cross border transactions enabled in st Islamic bank

ADIB, an Islamic bank based Abu Dhabi city in UAE, has successfully completed a blockchain cross border transaction. The bank is now the first among other Islamic banks to carry out a trade distribution transaction using the technology.  First Islamic blockchain cross border transaction According to the report on Wednesday, the leading Islamic bank conducted […]

Blockchain-based remittance partnership opens Europe to 275 M Indonesians

Blockchain based remittance partnership opens Europe to M Indonesians

Bank Rakyat Indonesia’s unit BRI Remittance has partnered with Everest, a blockchain-based company based out of California, USA. The idea is to develop a blockchain-based remittance platform that will open doors of Europe to 275 million Indonesians. On the other hand, this kind of remittance partnership isn’t new for Everest, having existing ties with the […]

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