Tag: banking

Jul 22 2021

JPMorgan Becomes The First Big Bank To Give Retail Clients Access To Bitcoin

Jul 22 2021 Published at Bitcoin Magazine under tags  banking bitcoin gbtc grayscale jpmorgan

JPMorgan will reportedly give retail clients access to bitcoin investment vehicles starting on July 19, a first in U.S. big bankingJPMorgan just became the first U.S. big bank to give retail clients access to Bitcoin exposure, effective July 19, reported Business...

Jul 21 2021

Central Bank Digital Currencies: The Consumerization of Money

Jul 21 2021 Published at CryptoSlate under tags  banking cbdc guest post

Consumerization is the influence that products originating in the consumer markets eventually have on the broader commercial markets. Apple is the prototypical example of a consumer-focused company reshaping and ultimately transforming small-business, enterprise, and public-sector industries: the first iPhone began as a purely consumer-oriented gadget and eventually thoroughly disrupted...

Jul 13 2021

JPMorgan slams Bitcoin (BTC) use case in El Salvador

Jul 13 2021 Published at CryptoSlate under tags  adoption banking btc regulation

The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial...

Jul 09 2021

Santander joins the list of U.K banks banning Binance payments

Jul 09 2021 Published at CryptoSlate under tags  banking payments regulation

Santander, one of Europe's largest banking groups, has tweeted it will stop customer payments to Binance. It cited the rise in fraud and a need to keep their customers safe. The firm also mentioned a recent Financial Conduct Authority (FCA) notice that warned that Binance is not...

More than $1 billion spent on crypto-linked cards in 2021, VISA says

Jul 09 2021 Published at CryptoSlate under tags  adoption banking exchanges usdc

Visa announced its crypto-linked cards experience continues to grow as it records more than $1 billion spent in the first half of 2021. An American multinational financial services corporation...

Jul 06 2021

Ripple CTO slams regulators as Barclays blocks Binance payments

Jul 06 2021 Published at CryptoSlate under tags  banking exchanges regulation xrp

Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP...

Jun 23 2021

Bank of Israel uses Ethereum blockchain for upcoming ‘digital shekels’

A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain. Issuing stablecoins on...

Jun 18 2021

Banking Giant BBVA Launches Bitcoin Trading, Custody Services In Switzerland

Jun 18 2021 Published at Bitcoin Magazine under tags  banking bbva business switzerland

Major financial institution BBVA is launching bitcoin trading and custody for clients in Switzerland.Madrid-based financial services giant BBVA, one of the largest financial institutions in the world, will soon offer bitcoin trading and custody services through its Swiss subsidiary.“After six months of testing with a selected group of users, BBVA Switzerland makes its first crypto-asset trading and custody...

Jun 13 2021

Banks won’t exist in ten years unless they change their business model

Jun 13 2021 Published at CryptoSlate under tags  banking defi guest post opinion

The issues plaguing the financial world―whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense. The blockchain ecosystem takes the human element out of the equation. Now the technology governs because...

Jun 11 2021

Texas Clarifies That State-Chartered Banks Can Custody Bitcoin

Jun 11 2021 Published at Bitcoin Magazine under tags  banking business custody texas

The Texas Department of Banking issued a notice reaffirming that state- chartered banks can provide bitcoin custody services.The Texas Department of Banking has released a notice affirming that state-chartered banks can offer bitcoin custody solutions to customers, so long as the bank has specific protocols in place...

Jun 10 2021

Banking Regulators Call for Conservative Capital Rules in Bitcoin Holdings

The Swiss-based Basel committee says that Bitcoin should be subject to a new "conservative prudential treatment."

May 28 2021

Bank of Japan governor slams Bitcoin, questions its usage in settlements

May 28 2021 Published at CryptoSlate under tags  banking btcusd payments

Bank of Japan governor Haruhiko Kuroda questioned Bitcoin’s use case during an interview yesterday, business news outlet Bloomberg reported. The bank is currently testing a...

May 26 2021

Ripple (XRP) inks deal with major Middle Eastern bank for Oman-India corridor

May 26 2021 Published at CryptoSlate under tags  adoption banking partnerships xrpusd

BankDhofar, the second-largest bank in the Sultanate of Oman, has teamed up with blockchain-based payments network RippleNet, as per a release today. The move enables users of its mobile banking app to send transactions to India. “As the first bank in the Sultanate of Oman to join our...

May 25 2021

HSBC steers clear of Bitcoin offerings for clients

May 25 2021 Published at CryptoSlate under tags  adoption banking btcusd

London-based HSBC Holdings, one of the world’s biggest and Europe’s second largest bank, has no plans to offer Bitcoin or crypto products to its clients, a report on news outlet Reuters said today....

May 24 2021

German bank that went nearly bankrupt in 2019 says Bitcoin is ‘wishful thinking’

May 24 2021 Published at CryptoSlate under tags  adoption banking btcusd opinion

Last week’s crypto market meltdown has proved yet again that “the value of Bitcoin is entirely based on wishful thinking,” according to a research note recently published by Deutsche Bank analysts. Bitcoin, trendy or...

Bitcoin Emits Less Than 5% Of The Legacy Financial Sector’s Carbon Emissions

A comprehensive calculation of the carbon emissions from the legacy financial sector shows that Bitcoin is far less impactful on the planet.In my very first foray into publishing an analysis on this topic in 2014, and as recently as my last piece for Bitcoin Magazine...

May 23 2021

Goldman Sachs studies crypto as an asset class—a year after stating the opposite

May 23 2021 Published at CryptoSlate under tags  adoption banking btcusd

Major American investment bank Goldman Sachs has seemingly recognized that cryptocurrencies are an emerging new asset class after all—despite stating otherwise just a year ago, according to its recent report. A part of this paper, posted on Twitter by economist Alex Krüger yesterday, explained that Goldman Sachs, among other things, turned to crypto-related companies like Galaxy...

May 22 2021

JPMorgan says Bitcoin’s true value is $35,000 amid price crash

May 22 2021 Published at CryptoSlate under tags  banking btcusd

JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to...

May 19 2021

Ripple helps establish payments corridor between Egypt and UAE

May 19 2021 Published at CryptoSlate under tags  adoption banking technology xrpusd

The National Bank of Egypt (NBE) has partnered with Ripple (XRP) to establish a cross-border payments corridor with the United Arab Emirates via RippleNet, according to a press release...

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