Tag: banks

Jul 06 2021

Ukrainian Mobile Only Bank Monobank To Provide Bitcoin Trading Services

Jul 06 2021 Published at Bitcoin Magazine under tags  banks business exchange ukraine

Monobank will integrate bitcoin exchange services to allow its customers to buy and sell BTC from its mobile banking app.Ukrainian mobile-only bank Monobank will provide its customers with bitcoin trading services later this month, announced the company’s co-founder, Oleg Gorokhovsky. The e-bank has already completed its BTC-exchange integration and is awaiting approval from...

Jun 30 2021

650 Community Banks Can Now Offer Bitcoin Purchases Through NCR, NYDIG Partnership

Jun 30 2021 Published at Bitcoin Magazine under tags  banks business ncr nydig

650 U.S. community banks and credit unions serving some 24 million users will be able to offer the ability to buy, sell and hold bitcoin.Enterprise payments firm NCR has partnered with institutional bitcoin solutions provider NYDIG to allow 650 U.S. banks and credit unions to potentially offer bitcoin purchasing services to an estimated 24 million total end users, reported...

Jun 28 2021

Mexican Billionaire Calls Fiat Fraud, Says His Bank Working To Accept Bitcoin

Mexican billionaire Ricardo Salinas Pliego said he is working with his bank, Banco Azteca, to be the first in Mexico to accept bitcoin.Ricardo Salinas Pliego, Mexico's third-wealthiest man and the owner of Banco Azteca as well as a major business empire, reaffirmed his Bitcoin endorsement and shared that he is working with his bank to become the first in Mexico to accept...

Jun 25 2021

NYDIG, Q2 Partner To Offer Bitcoin Services To 18.3 Million Bank Customers

Jun 25 2021 Published at Bitcoin Magazine under tags  banks business nydig q2

Digital banking firm Q2 Holdings has partnered with NYDIG to offer its millions of customers the ability to buy, sell and hold bitcoin.Provider of digital banking solutions Q2 Holdings has announced a partnership with institutional...

May 19 2021

Wells Fargo Will Offer Actively-Managed Cryptocurrency Product

May 19 2021 Published at Bitcoin Magazine under tags  banks business wells fargo

Wells Fargo will launch an actively-managed cryptocurrency strategy to qualified investors, likely to include some form of bitcoin exposure.Wells Fargo is apparently preparing to embrace bitcoin and other cryptocurrencies, as Darrell Cronk, the president of the bank’s investment institute, told...

Apr 02 2021

Why Proposed FATF Rules Could Be a Shock for DeFi

Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...

Mar 04 2021

With Bitcoin-To-Bank Sandbox, Colombia Will Become BTC Haven

Mar 04 2021 Published at Bitcoin Magazine under tags  banks business colombia

With its “LaArenera” program, Colombia is embracing the integration of bitcoin with its regulated financial institutions.Colombia has authorized eight bitcoin exchanges for regulatory sandbox testing to start this month. The Financial Superintendency of Colombia (FSC) recently authorized nine alliances between local, regulated banks and cryptocurrency exchanges. The initial partnerships...

Feb 23 2021

Paxos’s Chad Cascarilla: How Blockchain Tech Could Prevent Another GameStop/Robinhood

Feb 23 2021 Published at Unchained Podcast under tags  2021 banks bitcoin blockchain cbdc

In this episode of Unchained, Chad Cascarilla, CEO and cofounder of Paxos, explains how the 2008 financial crisis led him to crypto, what financial plumbing has to do with GameStop, and how Paxos is leveraging blockchain technology to change financial services. In this episode Chad discusses: his work experience prior to Paxos and...

Feb 18 2021

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

Feb 18 2021 Published at CoinDesk under tags  banks business coinflash digital ruble news

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

Feb 10 2021

IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee

By digitizing the normally paper process, the Lygos joint venture says it's shown it can speed up bank guarantee issuances.

Feb 05 2021

Blockchain Bites: The Weird and Wonderful in Crypto This Week

Feb 05 2021 Published at CoinDesk under tags  banks blockchain bites memes news newsletters

Also: Ether is jumping off, taking DeFi tokens with it.

Jan 25 2021

Bank of Singapore Says Crypto Could Replace Gold as Store of Value

Jan 25 2021 Published at CoinDesk under tags  banks coinflash gold investment markets

Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note.

Jan 22 2021

Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

Jan 22 2021 Published at CoinDesk under tags  bahamas banks business deltec markets

"Every tether is backed by a reserve and their reserve is more than what is in circulation," Gregory Pepin, Deltec Bank's deputy CEO, said on a podcast Friday.

Jan 21 2021

Silvergate Took Nearly $3B in Deposits From Digital Currency Customers in Q4 2020

The majority of the new deposits came from cryptocurrency exchange clients.

Jan 18 2021

Australian Bitcoin Trader Takes Banks to Tribunal After Sudden Account Closures

The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services.

Jan 17 2021

Goldman Sachs Looking To Launch Crypto Custody Option

The cryptocurrency space has been touted as having the capacity to completely revolutionize the finance industry as we know it. With this in mind, more and more traditional financial institutions are moving towards offering a form of crypto-based service. World-renowned banking giant Goldman Sachs has joined the list of conventional banking institutions looking to dabble in the cryptocurrency space. A source that spoke...

Jan 15 2021

Why Are Millennials Choosing Cryptocurrency Over Banks?

Historically, millennials (people between the ages of 25 and 40) form an age group that has the ability to greatly influence the economy. At this point, that's the […]

Jan 11 2021

World’s 6th Largest Bank Is Blocking Bitcoin Transactions

Jan 11 2021 Published at Crypto Briefing under tags  banks business hsbc

The world's sixth-largest bank, HSBC, is blocking its customers from depositing from crypto wallets. Luckily, DeFi provides an alternative solution. HSBC Attempting to Quash Crypto HSBC and other UK banks are taking a tough stance against crypto. According to a report...

Jan 05 2021

Central Bank Digital Currencies: How Should Privacy Be Built In?

Jan 05 2021 Published at Unchained Podcast under tags  2021 banks blockchain cbdc crypto

This panel, from a panel for the fifth anniversary of Hyperledger, features Rob Palatnick, managing director of global head of technology research and innovation at the DTCC and chairman of the Hyperledger board, Matthieu Saint Olive, Codefi payments product manager and CBDC advisor at ConsenSys, and Robert Bench, assistant vice president at the Federal Reserve Bank of Boston. In this discussion on the...

Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.

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