Tag: banks
All news related to banks.
JPMorgan CEO: “Cryptocurrencies Are Decentralized Ponzi Schemes”
Reading Time: < 1 minute Jamie Dimon, CEO of JP Morgan, has said that cryptocurrencies are “decentralized Ponzi schemes,” but blockchain technology has potential.
TrueLayer Will Lay Off 10% of its Employees
Reading Time: < 1 minute Open banking startup TrueLayer has announced it intends to cut headcount by 10%.
Central Bank of Philippines is Against Crypto Ban
Reading Time: < 1 minute The governor of the Central Bank of the Philippines (BSP) has said the regulator has no plans to ban digital assets.
Central Bank of Australia Talks About Advantage of Regulated Cryptos over CBDCs
Reading Time: < 1 minute RBA Governor Philip Lowe has said that regulated and consumer-facing private tokens are better than national digital currencies (CBDCs).
Protego Trust Bank Plans to Hit a $2 Billion Valuation Following Next Funding Round
Reading Time: < 1 minute Protego Trust Bank has opened a Series B funding round in which the company expects to receive a $2 billion valuation.
ECB: The Tests of the Digital Euro May Be Completed by 2026
Reading Time: < 1 minute The bank could start developing and testing the digital euro at the end of 2023 and the process may take 3 years.
Brazil’s Largest Neobank Plans to Open Access to Cryptos
Reading Time: < 1 minute Nubank has announced a partnership with Paxos.
Central Bank of Chile Insists in Autonomy of the Digital Peso
Reading Time: < 1 minute The central bank of Chile, which is developing the design of the digital peso, has announced the need for autonomous operation of the system.
Bank Of America: Bitcoin is Not a Means of Saving From Inflation
Reading Time: < 1 minute According to analysts from the Bank of America, Bitcoin has not been an insurance against inflation for a long time.
Goldman Sachs is Exploring the Tokenization of Real Assets
Reading Time: < 1 minute Goldman Sachs has started experiments in the field of tokenization of real assets.
State Banks in Virginia Are Allowed to Store Crypto
Reading Time: < 1 minute A new bill allowing state banks to provide services for the storage of virtual currency has already been approved in Virginia by Governor Glenn Youngkin.
US Investment Bank Cowen Will Start Offering Crypto Services
Reading Time: < 1 minute Popular investment bank Cowen yesterday announced the launch of a special division focused on digital assets.
JPMorgan Becomes First Major Bank to Open a Lounge in the Metaverse
Reading Time: < 1 minute Financial holding JPMorgan has opened a lounge in the Decentraland metaverse.
Russian Banks Start Testing Operations with Digital Ruble
Reading Time: < 1 minute Some Russian banks have started to test operations with the digital ruble or are actively preparing for its start.
Former Citigroup Leader Predicts Explosion of Interest of Banks in Cryptocurrencies
Reading Time: < 1 minute The former CEO of Citigroup is convinced soon all major financial institutions will think about trading cryptocurrencies.
Morgan Stanley Makes Additional Investment in Grayscale Bitcoin Trust
Reading Time: < 1 minute US bank Morgan Stanley has opened a position with the Grayscale Bitcoin Trust (GBTC) in multiple funds available to its clients.
Tezos Chosen by Three Leading Europe-based Banks to Implement Smart Contracts
Reading Time: < 1 minute Open-source platform Tezos has been the choice of 3 leading European banks to implement smart contracts.
JPMorgan Starts Offering 6 Cryptocurrency Funds
Reading Time: < 1 minute US investment company JPMorgan has just started offering its clients access to 6 different cryptocurrency funds.
UAE to Develop a National Digital Currency
Reading Time: < 1 minute The Central Bank of the United Arab Emirates has just announced it intends to develop its own national digital currency (CBDC).
Barclays Suspends Transfers to Crypto Exchange Binance
Reading Time: < 1 minute Barclays has just announced it has suspended all transfers to cryptocurrency exchange Binance “to protect its clients’ money.”
Palestine Considering Launch of Own CBDC
Reading Time: < 1 minute The central bank of Palestine is reportedly exploring the possibility of issuing a central bank digital currency (CBDC).
Citigroup Launches Crypto Division for Wealthy Clients
Reading Time: < 1 minute US bank Citigroup has just announced it has created a new unit to offer crypto-related services to its wealthy clients.
British Bank Standard Chartered Working to Launch Institutional Crypto Exchange in Europe
Reading Time: < 1 minute Standard Chartered has just unveiled it plans to launch a cryptocurrency exchange for European institutional clients through a partnership with BC Group.
Bank of Canada: We Don’t Need a Digital Dollar Now
Reading Time: < 1 minute Canadian central bank Bank of Canada sees no real reason to issue a central bank digital currency (CBDC) at the moment.
The FDIC Wants to Find Out More About Banks’ Roles in Crypto Markets
Reading Time: < 1 minute The US Federal Deposit Insurance Corporation (FDIC) wants to know more about banks’ activities related to cryptocurrencies.
