Swiss Sygnum Bank to offer custody for Internet Computer token
Major Swiss crypto bank Sygnum is planning to launch options trading for the ICP token at a later date. Go to Source Powered by WPeMatico
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Banking system consumes two times more energy than Bitcoin: research
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Go to Source Powered by WPeMatico
Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related … Read more
UK will likely need to issue a digital currency, says BoE deputy governor
The Bank of England’s deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a crucial anchor for confidence in money as a social convention. Go to Source Powered by WPeMatico
Singapore’s biggest bank launches crypto trust solution
After posting tenfold crypto volume growth in Q1 2021, DBS Private Bank is expanding its crypto services with a new trust solution. Go to Source Powered by WPeMatico
Shanghai Man: Aping out of gorilla token, digital dollar Biden its time… and more
An up and down week filled with high volumes for animal tokens and a flurry of digital yuan news, capped by a large fundraising round for Babel Finance. Go to Source Powered by WPeMatico
Central Bank of Bahrain and JPMorgan to work on digital currency settlement pilot
The Central Bank of Bahrain expects that its digital currency collaboration with JPMorgan and Bank ABC could extend to a CBDC. Go to Source Powered by WPeMatico
Hong Kong to expand pilots for cross-border use of digital yuan
The first phase of tests for use of the digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. Go to Source Powered by WPeMatico
Goldman Sachs exec reportedly quits job after making Dogecoin fortune
After working at Goldman Sachs for 14 years, a banker reportedly left the firm due to netting massive gains from his Dogecoin holdings. Go to Source Powered by WPeMatico
Nebraska bill to allow banks to offer crypto services moves forward
Nebraska senators have favored a measure that would allow state banks to facilitate crypto transactions like those in Wyoming. Go to Source Powered by WPeMatico