Tag: banking

Dec 06 2021

Ethereum’s market cap is now beyond that of the biggest banks in the world

Dec 06 2021 Published at CryptoSlate under tags  banking bitcoin ethereum jp morgan

The crypto industry has had one of the best years as it witnessed a whole level of mass adoption from both retail and institutional investors. While this has had a positive effect on the value of some flagship digital assets like Bitcoin and Ethereum, the market cap of these assets also shows the extent of the growth the space has seen. Ethereum market...

Dec 03 2021

Bank of America now says the crypto metaverse is a ‘massive opportunity’

A strategist at the Bank of America, Haim Israel, in a recent interview has declared that the new buzzword in the crypto space, Metaverse, holds a lot of potential for the crypto industry and it could be the niche that would drive the global adoption of the space....

Nov 25 2021

Morgan Stanley just bought the Bitcoin (BTC) dip through Grayscale shares

Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the United States, Morgan Stanley, who recently increased its...

Celsius (CEL) announces massive $750 million funding for its ecosystem

Nov 25 2021 Published at CryptoSlate under tags  banking celsius celsius network technology

Popular crypto lending firm, Celsius Network, is increasing its Series B funding round to $750 million after its October initial $400 million fund raising was oversubscribed by investors. This was revealed by the firm’s CEO Alex...

Nov 22 2021

Nov 19 2021

After Ripple snub, Moneygram teams up with Stellar for cross border pilot program

Nov 19 2021 Published at CryptoSlate under tags  adoption banking technology xlmusd

Earlier this month, a partnership deal emerged, in which Stellar holders would be able to access Moneygram locations to exchange USDC for cash, and vice versa, in person. Moneygram has over...

Nov 10 2021

Nigeria’s central bank orders closure of crypto-related accounts

Nov 10 2021 Published at CryptoSlate under tags  banking

Nigeria’s central bank (CBN) has maintained its hostile position towards crypto assets like Bitcoin, Ethereum, Litecoin, and others has it recently ordered financial institutions in the country to close the accounts of individuals suspected to have traded cryptocurrency. CBN orders banks to close crypto trader accounts The...

Morgan Stanley says banks ‘likely’ to capitalize on stablecoin demand

Nov 10 2021 Published at CryptoSlate under tags  adoption banking btcusd stablecoins

Morgan Stanley’s leading cryptocurrency strategist Sheena Shah anticipates the banking industry to capitalize on the demand for stablecoin deposits, reported...

Nov 07 2021

Fintech startup Revolut amps up crypto hiring amid renewed interest in the sector

Nov 07 2021 Published at CryptoSlate under tags  banking exchanges

A job description posted on Revolut's LinkedIn page indicates that the London- based fintech startup is looking forward to recruiting a tech team that will assist the firm in building its crypto exchange. According to the official...

Nov 04 2021

Institutional investments into cryptos like Solana, Cardano, and Bitcoin is already 30% higher than 2020

Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains...

Nov 01 2021

Crypto exchange Huobi shuts its crypto derivative trading business in China

Nov 01 2021 Published at CryptoSlate under tags  banking cbdcs exchanges huobi investments

Crypto exchange Huobi will no longer facilitate or support cryptocurrency futures trading and will halt all its related proceedings, it said in an announcement last week. According to previous announcements, Huobi, China's largest...

Oct 29 2021

Singapore TradFi bank DBS joins Hedera Hashgraph as a council member

Oct 29 2021 Published at CryptoSlate under tags  adoption banking hbar investments

DBS Bank, Singapore's oldest bank, has joined the Hedera governing blockchain council alongside 39 other leading technology, corporate and nonprofit leaders such as Google, IBM, Deutsche Telekom, Boeing, Dentons, and LG Electronics. I'm excited to announce @dbsbank as the 25th member of the...

Oct 28 2021

India’s crypto law is expected in February 2022

Oct 28 2021 Published at CryptoSlate under tags  banking regulation

India is in the process of introducing a new law that promotes cryptocurrency trading in the country. As per local news outlet Business Today Television, the country would most likely introduce its first crypto law in February. A legal framework comprising essential regulatory laws is already in the making as the country plans to...

Oct 27 2021

The Roadmap For Banks Adopting Bitcoin

U.S. banking regulators are exploring how traditional banks can hold bitcoin for various purposes.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now...

Third largest Bitcoin whale purchases BTC worth $37.5 million

Oct 27 2021 Published at CryptoSlate under tags  analysis banking btcusd trading

One of the largest Bitcoin whales has resurfaced with the purchase of over 596 Bitcoin yesterday, data from sources show. They were purchased at the price of $62,934 per Bitcoin. A 'Bitcoin whale’ is a term used to denote hefty investors who purchase Bitcoin in bulk. These whales hold enough cryptocurrency that they have the potential to manipulate the cryptocurrency valuations It is...

Scallop gearing up for IBO and KuCoin Listing

Scallop is a new age fintech ecosystem designed to offer users a faster, safer and efficient way to manage their crypto and fiat assets in a single place. The project is bringing the digital assets into...

Oct 26 2021

Central Banking: Then And Now

Oct 26 2021 Published at Bitcoin Magazine under tags  banking banks culture federal reserve

The “Federal Reserve” is a story of insiders and outsiders, and the attempts of those in power to maintain and concentrate it.The People And Events Who Have Shaped Today’s Federal Reserve Monetary System | Part IThis piece will delve into the creation of the Federal Reserve System, and the people and events who have shaped the monetary system into what it...

El Salvador’s Bitcoin wallet Chivo is set to remove its trade profiting feature

Oct 26 2021 Published at CryptoSlate under tags  banking exchanges investments legal opinion

Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to announce that the digital wallet will no longer...

Oct 22 2021

Crypto regulations for Spanish banks might be unnecessary

Spanish banks are gearing up in preparation for the upcoming crypto regulations. But in line with the regulations, the Bank of Spain must first put together, a list of virtual assets service providers by October 29. Now, this in itself would naturally not be a major challenge, but for the bogus nature of the whole The post Crypto regulations for Spanish banks might...

Oct 18 2021

US mortgage lender dumps Bitcoin plans just two months after pilot

Oct 18 2021 Published at CryptoSlate under tags  banking btcusd insurance investments payments

United Wholesale Mortgage, which had recently made headlines in the crypto space for being the first in the industry to accept payment for a mortgage in Bitcoin, has now eliminated the said feature citing issues related to incremental costs and regulatory fluctuations in cryptocurrency. The second- biggest mortgage lender UWM had made its public debut via the SPAC merger in January and had begun...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: