Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote. Go to Source Powered by WPeMatico
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Santander bank trials blockchain platform for used cars in Brazil
Santander Brasil is also reportedly planning to launch crypto trading services to its customers, CEO Mario Leao announced in July. Go to Source Powered by WPeMatico
Hong Kong Presents Digital Currency Prototype, Project Aurum
Financial authorities in Hong Kong have unveiled a prototype of the Chinese autonomous territory’s own central bank digital currency called Project Aurum. The two-tier platform features a wholesale interbank and a retail e-wallet system, participants revealed. Hong Kong to Issue Retail Tokens and Stablecoins as Part of Project Aurum A collaboration between the BIS Innovation … Read more
Crypto adoption: How FDIC insurance could bring Bitcoin to the masses
FDIC insurance is highly sought-after by crypto exchanges, lenders, and other service providers. Is it the key to mass adoption? Go to Source Powered by WPeMatico
Institutional crypto adoption requires robust analytics for money laundering
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership
N26 Crypto is already available for Austrian customers and is planned to be rolled out in other key markets. Go to Source Powered by WPeMatico
Mastercard taps Paxos to launch crypto trading for banks
Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services. Go to Source Powered by WPeMatico
Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies. Go to Source Powered by WPeMatico
Custodia Bank founder Caitlin Long has some strong words about the Fed and BNY Mellon
The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed. Go to Source Powered by WPeMatico
US Acting Comptroller urges not to rush with the crypto regulation
Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry. Go to Source Powered by WPeMatico
