US Banking Regulator Green Lights Crypto Custody at Federally Chartered Banks
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets Go to Source Powered by WPeMatico
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Copper Becomes Latest Crypto Firm to Use Signature Bank’s Signet
The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in U.S. dollars and other fiat currencies. Go to Source Powered by WPeMatico
Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law. Go to Source Powered by WPeMatico
As US Banks Running Out of Coins Bitcoin Keeps On Chugging Along
A U.S. bank is offering its customers a 5% bonus for delivering coins to one of its branches while Bitcoin has quadrillions of Satoshis to spare. Go to Source Powered by WPeMatico
Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients. Go to Source Powered by WPeMatico
Top Spanish Banks Finalize Trial of Payments Using Smart Contracts
Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. Go to Source Powered by WPeMatico
Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses. Go to Source Powered by WPeMatico
Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only $130 billion left for Americans looking for funds. The Banks Will … Read more
Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020
Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. Go to Source Powered by WPeMatico
Compound ‘5x Overvalued’ as COMP Farming Accounts for 88% of Its Assets
Researchers claim that the Compound token is at least five-fold overvalued as over 88% of its $1 billion book is lent to liquidity miners. Go to Source Powered by WPeMatico